Reporting to the Vice President - Tax, the Director of Tax Accounting & Planning Risk Analysis will lead the Tax Accounting function (including quarterly/annual reporting, controls/testing, process efficiencies, accounting for certain entities, acquisition accounting, and due diligence) and provide leadership in the Finance function at the Director level. Areas of responsibility include:
Tax Provision Area
Manage the tax accounting work
Manage the preparation of the quarterly and annual tax provision
Review the international tax provisions
Consolidate the international tax provisions
Review the US tax provision
Consolidate the international and US tax provisions
Assist in determining/reviewing the company’s FIN 48 reserves
Prepare FIN 48 memos
Prepare and review the quarterly and annual disclosures
Work on carve-out financial statements
Work on discontinued operations and restatements due to dispositions
Projection of the current and next years’ effective tax rate
Manage the tax purchase accounting for all acquisitions
Work with the units to ensure that the correct tax accounting entries related to all tax accounts
Review and book the tax entries related to the step-up’s in purchase accounting carried in the US
Acquisition Due Diligence
Work with the Units to complete due diligence on potential acquisitions
Review SPA’s tax clauses to minimize the company’s tax risks
Work with international units and consultants to complete due diligence on acquisitions
Manage the tracking of all IRS audits adjustments for affirmatives, RARs, etc.
Manage the recalculation of the interest accrual with outside consultants.
Federal Tax Return
Manage the true-up calculations and complete before the tax return is filed
Work with the federal tax group to ensure that the required disclosures related to UTP’s are completed.
Ensure LIFO calculations are completed
Manage the accounting for various US and non-US companies
Reviewing the Transaction Planning Approval Forms
Review the planning transactions from a tax provision and a tax technical perspective. The transactions involve complex tax issues and require strong technical and analytical skills.
Manage the tax accounting related to the approved transactions
Review the planning transactions’ cash flows in order to determine the ROI
Special Projects (USA Projects)
Work with other areas to streamline processes
Work with other areas to implement changes to support the business.
Provide leadership in the Tax Accounting Area
Manage/develop the staff
Plan out all resources for the area and prioritize projects
Coordinate work with the other areas of the tax department
Manage the pool staff with the other areas of the tax department to ensure there are sufficient resources to drive the projects during the year.
Drive efficiencies in the tax accounting processes
Monitor legislative changes and determine any impact to the company on the tax provision.
Implement any changes to the current processes due to changes in legislation.
Work with the units on any tax accounting issues
Manage the tax consultants
Bachelor’s degree in Accounting is a must and an MST is preferred
Certified Public Accountant is a must
Minimum 10 – 15 years tax provision experience in a Big 4 accounting firm and/or comparable tax experience in a large corporation
At least three years directly managing a team of at least two people preferred
Strong federal and international tax technical skills
Demonstrated experience building and leading a tax accounting team
Demonstrated strength in computer proficiency
Strong verbal and written communication skills
Strong organizational skills and documentation skills including the ability to multi-task and prioritize
Ability to interact with all levels of an organization
Ability to research tax accounting issues
Strong analytical skills and an overall knowledge of tax accounting
Ability to influence others and to work cross-functionally within the organization
Demonstrated strong decision-making skills and leadership
Strong management and interpersonal skills
Promotes teamwork and is an example to others
Envisions the future and sets the strategic vision and direction; develops strategies and scenarios and allocates resources effectively
Effectively communicates with all stakeholders; articulates a clear point of view and listens and responds to feedback
Acts as a champion of diversity, creating an environment that values diverse backgrounds and perspectives
ITW (NYSE:ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling$13.4 billion in 2015. The company’s...