Strategic Tax Planning Manager
ITW - Glenview, IL

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ITW is seeking a proven international tax professional to help lead and grow ITW’s tax function. This person will have opportunities to positively impact many facets of ITW’s global tax position. Reporting to a Director of Strategic Tax Planning, the role will focus primarily in the area of tax planning. This individual should have a good understanding of transactional concepts relating to mergers and acquisitions and divestitures, Subchapter C, Reorganizations, as well as transfer pricing matters. The person will have opportunities for exposure to all levels of corporate management and external advisors on outsourced projects. Responsibilities include but will not be limited to:

Assist in development and implementation of strategic initiatives to reduce global taxes in a time of changing tax legislation in the US and abroad.

Assist with international and federal tax aspects of acquisitions and divestitures, including complex cross-border reorganizations transactions, including development of tax efficient acquisition and divestiture structures.

Coordinate and implement the US tax implications of global tax planning with the Company’s European and Asian Regional Tax Managers.

Assist in optimizing overseas cash balances.

Lead efforts to simplify the global legal entity structure in a tax efficient manner.

Develop foreign tax credit and foreign source income optimization structures and strategies.

Good understanding of Subchapter C of the Internal Revenue Code and Treasury Regulations thereunder.

Assist in review of the international components of US federal income tax return including Forms 5471, 8858, 8865 and 1118.

Monitor and manage tax attributes like E&P, Tax Pools, Section 987 gains and losses, 905(c), FTC, Tax Basis, Subpart F and Section 956 inclusions.

Assist with the international tax IRS audits. This includes working with the international field auditors on the IDR responses, positioning to minimize any exposure, negotiations and protests.

Review and continued monitoring of planning transactions during and post implementation in accordance with US and non-US requirements.

Establish a thorough understanding reporting systems and procedures in the tax department while working to continually refine and improve procedures to gain operating efficiencies.

Monitoring and reporting on foreign tax trends and developments as they impact the organization on an on-going basis.

Core Requirements

Experience

Bachelor’s degree in finance or accounting and CPA, MST, or JD is preferred.

4-8 years of international tax and provision experience in Big 4 or comparable tax experience in a large multinational corporation.

Strong research, analytical and documentation skills.

Strong verbal, written communication and project management skills.

Computer proficiency with HFM and Corp Tax a plus

Ability to multitask and prioritize competing projects to meet constant deadlines in a dynamic environment.

Ability to develop and mentor staff and 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.

This position requires frequent interaction with the company’s global business units and must be able to work well with cross-functional teams. The preferred candidate will have the ability to communicate complex tax concepts in ways that are meaningful and useful to non-tax professionals. This position requires a detail-oriented individual who takes ownership of the processes and projects assigned to them.

Competencies

Ability to apply and adapt gained experiences/knowledge to new situations

Strong verbal and written communication skills and ability to interact with all levels of an organization and outside advisors

Computer proficiency with HFM and Corp Tax a plus

Ability to multitask and prioritize competing projects to meet constant deadlines in a dynamic environment.

Ability to develop and mentor staff and 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.

Acts as a champion of diversity, creating an environment that values diverse backgrounds and perspectives.

Leadership Attributes

Engenders and builds trust and approachability within and across groups.

Operates in an honest, ethical manner in all dealings; acts with integrity.

Exhibits a drive to excel yet rises above his/her own interests for betterment of ITW as a whole.

Partners with other executive/functional leadership.

Displays personal courage and composure under pressure.

ITW - 19 months ago - save job - block
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About this company
45 reviews
Illinois Tool Works (ITW) hammers out more than just tools, and it operates well beyond the Land of Lincoln. With operations in about...