ITW is seeking a proven international Tax Planning Manager 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. The role will focus primarily in two areas of income tax: Federal and International tax planning and international tax compliance. In addition, this individual should be familiar with transactional concepts relating to mergers and acquisitions and divestitures, 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 are not limited to:
Assist in development and implementation of tax planning transactions that support and advance company initiatives of simplification of the world-wide organization structure, tax-efficient repatriation of overseas cash and reduction cash taxes, including modeling of outcomes and tax consequences within jurisdictions affected.
Research and document technical tax issues related to tax planning transactions including writing of technical memos in support of the company’s position
Coordinate the US tax implications of business and tax planning with the Company’s European and Asian Regional Tax Managers.
Communicate/consult with financial, legal and operation personnel (including external advisors) regarding planning opportunities and reporting matters.
Participate in review of transfer pricing impact and valuations relating to planning transactions to manage tax risks.
Participate in special projects
Responsible for managing preparation of quarterly schedules for aspects of the tax provision including FTC utilization and other tax attributes impacted by tax planning transactions.
Coordinate and review the documentation and reporting requirements with respect to the business and tax planning transactions for inclusion in the US income tax returns.
Assist with the international tax IRS audit with respect to transactions completed. This includes working on the IDR responses, positioning to minimize any exposure, negotiations and protests.
Establish a thorough understanding of compliance and reporting systems and procedures in the tax department while working to continually refine and improve procedures to gain operating efficiencies.
Assist in review of the international components of US federal income tax return including Forms 5471, 8858, 1118 and related FTC, E&P, Section 987 and Subpart F computations.
Bachelor’s degree in accounting with CPA, MST or JD is preferred.
International and federal tax experience in Big 4 or comparable tax experience in a large multinational corporation
Strong research, analytical and documentation skills
Strong financial modeling skills using Excel as well as proficiency with Word and Power Point
Strong project management skills with the ability to multitask and prioritize competing projects to meet constant deadlines in a dynamic environment.
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.
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.
Illinois Tool Works (ITW) hammers out more than just tools, and it operates well beyond the Land of Lincoln. With operations in about...