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International Tax Manager

Requisition ID: 42815

Job Location(s):

Ames, IA, USBaltimore, MD, USMinnesota, US

Employment Type: Full Time

Segment: Group Functions CFO

Job Function: Finance & Accounting

Work Location Type:

Job Description

Danfoss is seeking a highly skilled and detail-oriented International Tax Manager to join the North America Income Tax Reporting & Compliance team. This position, reporting to the Tax Director, US will play a key role in Danfoss’s US international tax compliance and consulting and responsible for completion of the US International tax filings. As Danfoss is a Danish owned group and the US Company has foreign-owned subsidiaries, the Senior International Tax Analyst will work in coordination with Group Tax members across the globe.

\#LI-Hybrid

Location is flexible, however Iowa, Maryland, and Minnesota are preferred. Depending on location, travel to a Danfoss location may be required. Some domestic travel to Danfoss locations may be necessary and possibly one international trip a year

Job Responsibilities

• Preparation and review of US international forms including the Forms 5471, 8858 and 1118s along with required elections and disclosures.

• Preparation and review of quarterly and annual U.S. international (subpart F, BEAT, GILTI, foreign tax credit) calculations

• Lead tax audits on US International tax issues, including inquiries and notices.

• Maintain supporting calculations and documentation of earnings and profits pools, tax pools, PTEP, and U.S. tax basis for foreign subsidiaries and/or branches

• Analyze and calculate taxable distributions

• Research related to US and Canadian international tax issues

• Review US and Canadian transfer pricing documentation including local files

• Support Group Transfer Pricing with monitoring, controversies and audit support of for the Americas’ region

• Support M&A projects, including tax due diligence and post-acquisition integration

• Provide timely assistance and support to other departments or operations on tax related matters and their potential impact

• Monitor and analyze final and proposed US International tax legislation

• Identify opportunities for tax planning which may impact federal tax filing positions, including US-inbound and outbound tax planning support for international operations including repatriation strategies, foreign tax credit optimization and local country tax planning opportunities

• Prepare and review Canadian corporate income tax returns including Canadian International tax forms, required elections and disclosures

• Train, mentor and develop other members of the North American Income Tax Team in US International tax issues

Background & Skills

• 4-7 years of tax experience in Big 4 public accounting and/or industry

• Bachelor’s degree or higher; CPA preferred, Masters in Taxation preferred

• Experience in financial reporting and domestic compliance for U.S. international tax matters, including Subpart F, GILTI, foreign tax credits, and repatriation of foreign earnings is a must

• Experience in US-inbound, Canadian income tax and Transfer Pricing are a plus

• Strong project management skills

• Ability to collaborate as part of a team

• People management experience

• Resourcefulness and adaptability; self-motivated with ability to work in a fast-paced environment

• Excellent communication skills (verbal and written)

• Ability to present and explain complex tax concepts to non-tax stakeholders

• Proficiency with Excel; experience with Thompson Reuters, One Source, HFM, and SAP preferred

Employee Benefits

We are excited to offer you the following benefits with your employment:

+ Bonus system

+ Paid vacation

+ Flexible working hours

+ Possibility to work remotely

+ Pension plan

+ Personal insurance

+ Communication package

+ Opportunity to join Employee Resource Groups

+ State of the art virtual work environment

+ Employee Referral Program

This list does not promise or guarantee any particular benefit or specific action. They may depend on country or contract specifics and are subject to change at any time without prior notice.

Danfoss – Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

Following our founder’s mindset “action speaks louder than words”, we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or other protected category.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 39.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 39.360 people, serving customers in more than 100 countries through a global footprint of 95 factories.

**Nearest Major Market:** Ames

**Nearest Secondary Market:** Des Moines