Tax Senior

Position Summary

The Tax Senior will focus on ASC-740, income tax provision work and will assist in other aspects of the tax life cycle: tax compliance, audit defense and tax planning. The ideal candidate has a strong background in income tax provision and will assist with a wide variety of tax matters, including US and non-US tax provisions, Federal and State tax compliance, State tax audits, US and global tax planning and special projects. Strong writing and communication skills are critical to success in this role.

Essential Responsibilities

• Assist the Director of Tax Reporting in quarterly and year-end close processes, including downloading and tying out pre-tax income by jurisdiction, loading and reviewing permanent and temporary book-tax differences, reconciling consolidated tax accounts, tracking of deferred tax assets and liabilities, tax attributes, tax payables/receivables, prepaid and accrued tax accounts, etc.
• Assist the Director of Tax Reporting with consolidated account reconciliation, following up with the field units on discrepancies between OneStream accounts and local ledgers. This position will also be responsible for reviewing the tax provisions for assigned entities in various foreign jurisdictions.
• Position will also be responsible for preparing tax accounting journal entries and overseeing timely completion of tax controls.
• Monitor changes in U.S. and international tax law and accounting guidance and assist in evaluating and documenting their impact on the Company’s income tax provision and disclosures.
• Assist with the preparation and review of income tax footnote disclosures and other tax-related financial statement disclosures.
• Experience in accounting for income taxes is required, including Federal and State tax provisions. Experience with foreign provision is preferred, but not required.
• Experience with OneStream (“OS”) and OS Tax Reporting Package is preferred, but not required.
• Manage quarterly and annual Tax Controls for FAS 740 purposes including updates to UTP analysis and inventory. Run quarterly interest calculations on UTP balances. Update and maintain current and deferred tax rates in tax provision software.
• Review Federal and State tax return filings for the ITT consolidated group. Solid experience in the quantitative aspects of taxation, including Permanent and Temporary book-tax differences, depreciation, tax credits, and similar other quantitative aspects.
• Respond to State audits, IDRs, desk notices, inquiries, etc.
• Assist with quarterly Federal and State tax estimates and extensions calculations. Process Federal and State and Local tax payments including providing Cash tax forecast information to Treasury team.
• Work with internal and external advisors to evaluate, interpret and implement tax planning initiatives in the Federal and State areas.
• Work with field units to answer questions on tax implications of various transactions.

Position Requirements

Position Requirements
• 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 interested in sitting for the exam
• Analytical, forward-thinker who is organized and motivated
• Knowledge of computer applications (i.e., Excel, Word, PowerPoint) required; experience in SAP, OneStream, TXP experience 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 are steadfast in pursuit of their goals, focus on their target, and persevere in the face of adversity. They are tenacious and get things done, demonstrating and fostering a sense of urgency and strong commitment to achieving goals. They work effectively without undue oversight.
• Collaboration and Teamwork: S/he welcomes and acknowledges ideas and input of others – they contribute one’s fair share of work to group efforts. They make productive contributions in meetings. They look for ways to collaborate with others and volunteer to help others when needed.
• Technical Competence: Broad and deep knowledge of tax. Experienced with income tax reporting standards, including ASC 740, among others. A solid foundation of technical understanding in income tax concepts as well as accounting processes and systems is required. Demonstrated ability to identify and communicate complicated tax issues.
• Business/Financial Acumen: Demonstrated ability to identify and communicate complicated tax issues in terms of impact on business. Common sense approach to the development and implementation of income tax strategies and programs.

Equal Pay Act Range