Tax Associate, International​/Federal at Magna International, Inc. in Troy, Michigan

International/Federal Tax Associate

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

The International/Federal Tax Associate will be a key member of Magna's U.S. Tax Team, with a primary focus on U.S. international tax compliance and reporting and additional responsibilities supporting U.S. federal and state income tax compliance and provision. Reporting to the International Tax Manager, you will help prepare and review data for U.S. international tax returns, assist with quarterly and annual tax provision (ASC 740) for foreign and domestic operations, and support forecasting, budgeting, and various international tax projects.

This is an excellent opportunity to develop a strong technical foundation in U.S. international tax within a global, fast‑paced environment.

• Assist with the preparation of U.S. international tax filings using One Source, including:
• Forms 5471, 5472, 8858, 8865, , 1042, 1120F and related statements and disclosures.
• Gather, validate, and organize financial and tax data from global business units and shared service centers to support:
• Earnings & profits (E&P), GILTI, FDII, BEAT, foreign tax credits, interest limitations, and other U.S. international tax calculations.
• Support the quarterly and annual international tax provision process under ASC 740, including:
• Preparation of work papers for foreign income and tax, and related deferred tax items.
• Assisting with documentation and support for uncertain tax positions (FIN 48) and APB 23 assertions under supervision.
• Assist with international tax forecasting and budgeting by preparing schedules, updating models with current data, and reconciling variances.
• Maintain organized, audit ready work papers to support international tax return positions and provision calculations.
• Perform preliminary U.S. international tax research (e.g., Subpart F, GILTI, foreign tax credits, interest limitation rules, treaties) and summarize results for review.
• Monitor changes in U.S. international tax law and help update internal documentation, work papers, and processes as needed.
• Assist with responses to inquiries from tax authorities by gathering documentation, preparing schedules, and supporting audit responses under supervision.
• Support initiatives to improve tax processes, including:
• Identifying opportunities to streamline data gathering and calculations.
• Helping to leverage technology tools such as One Source, One Stream, and, where applicable, data analytics or visualization tools.
• Assist with the preparation of U.S. federal and state corporate income/franchise tax returns, including:
• Data collection from business units and preparation of supporting schedules for the consolidated U.S. federal and state returns.
• Support for fixed assets, apportionment, and book to tax difference calculations.
• Assist with the preparation of federal and state estimated tax payments and extensions, including supporting work papers and reconciliations.
• Support the quarterly and annual ASC 740 tax provision process for U.S. operations by:
• Preparing account reconciliations and accrual to return adjustments.
• Assisting with schedules for deferred tax assets and liabilities and tax footnote disclosures.

• Bachelor's degree in Accounting, Finance, or a related field.
• 2 - 4 years of relevant tax experience in public accounting and/or a corporate tax department (internship experience will be considered).
• Foundational understanding of U.S. corporate income tax principles; basic familiarity with U.S. international tax concepts preferred.
• Basic understanding of ASC 740 income tax accounting concepts (coursework or limited work experience acceptable).
• Strong analytical and problem-solving skills with high attention to detail and accuracy.
• Proficiency with Microsoft Excel and the…