Tax Senior

Position Summary

Amazing opportunity to learn all aspects of the US international and global tax cycle: tax provision, tax compliance, audit defense, and planning. The ideal candidate will learn and assist with a wide variety of tax matters including foreign tax provisions review, US international and Pillar Two tax provision calculations and compliance including related tax technology tools and processes, foreign audits for assigned jurisdictions, transfer pricing adjustment process and compliance, US and global tax planning, review of W-8s/W-9s, and special projects.

The ability to learn, manage multiple work streams, find solutions, achieve results, and communicate are critical to success in this role. Internal training and support will be provided across all areas.

• Review quarterly tax provision calculations for assigned foreign entities. Work with local finance teams to identify and quantify Permanent and Temporary book-tax and GAAP-GAAP differences and resulting current and deferred tax expenses and liabilities/assets. Review the annual return-to-provision calculations and tax account adjustments.
• Learn and prepare US international tax calculations including foreign entities' earnings and profits, Subpart F income, GILTI/NCTI, foreign source royalties, §986(c) and §987 foreign exchange gains/losses on earnings distributions, §861 expense allocations, and foreign tax credits.
• Learn and prepare Pillar Two/Global Minimum Tax concepts and calculations including Transitional and Permanent Safe Harbors, Simplified and Jurisdictional ETRs, GILTI/NCTI pushdowns, QDMTTs, IIRs, and UTPRs.
• While achieving the above, learn and operate the US international and Pillar Two models including internal models, the cloud-based KPMG ITRA, PTEP and P2A tools, and processes for moving data including use of Alteryx.
• Compile and prepare information for the external firm preparing the US information returns for ITT's foreign entities including Forms 5471, 8858, 1118, 8992, 8993, 5452, 5713, 8975 CbCR and annual election/statements. Based on updated Q4 provision calculations and models. Review completed forms.
• Learn and assist the annual transfer pricing adjustment calculation process. Involves the compilation and analysis of margins for intercompany transactions, comparison to applicable benchmarks, and communication of calculated adjustments. Coordinate the booking of journal entries with the HQ Consolidations accounting team.
• Compile and prepare information for the external firm preparing the transfer pricing master file and local transfer pricing reports. Review completed reports.
• Assist with review of Forms W-8 submitted by ITT vendors as requested by P2P/vendor onboarding team.
• Assist planning by compiling information, running what-if scenarios in US international models and creating transaction-specific models where necessary.
• Potential to assist with distribution/repatriation planning and lead global cross-functional team of external and internal advisers including Legal, Treasury, and Finance colleagues to execution.

Bachelor's degree in Accounting required, with MBA or MS in taxation a plus. Minimum of 3 years of tax experience in public accounting or corporate environment. CPA preferred, or serious candidate planning to sit for the CPA exam. Analytical, forward-thinker who is organized and motivated to learn and achieve results. Knowledge of MS Excel, Word, PowerPoint, and Outlook required; experience in SAP, One Stream, TXP, and Alteryx a plus.

Key

Competencies:

Effective Communication:
The successful candidate will be able to effectively convey their ideas and messages formally and informally, in speaking and in writing. They will deliver clear, concise, accurate, articulate and persuasive written and oral messages, supply supporting facts as necessary and are adept at tailoring their communication to their audience. They will demonstrate ability to prepare reports, documentation, and other written information thoroughly and completely.

Results Orientation: S/he wants results and is motivated by timely outcomes and is steadfast in…