Job Information
BorgWarner Inc. Federal Tax & Simplification Lead in Auburn Hills, Michigan
About us
BorgWarner is a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market. We are a company of innovators and independent thinkers that brings together talented employees, meaningful work, and amazing technology in a unique environment. At BorgWarner we constantly work towards our vision of a clean and energy-efficient world.
Our Culture
We believe health and safety of our employees are a top priority, we care about our local communities and the global environment. BorgWarner promotes and nurtures a diverse and inclusive environment, honors integrity, strives for excellence, commits to responsibility for our communities and the environment, and builds on the power of collaboration.
Career Opportunities
We manage talent as seriously as we manage our businesses and encourage you to learn about our proud history, strong culture, technologies, and future vision. We offer a strong local presence and interesting global opportunities. Start your future with BorgWarner now!
Key responsibilities
Responsible for BorgWarner’s quarterly and year-end U.S. federal income tax provision in compliance with ASC 740, which includes responsibility of:
Quarterly FIN18, soft-close, and year-end close procedures and preparing quarterly and annual review analytics.
Timely provision of documents to financial auditor and efficient management of quarterly and annual audit procedures related to U.S federal income tax matters.
Continuous improvement with U.S. federal income tax aspects of quarterly and annual processes, especially in reducing workload of non-tax teams.
Review and maintenance of uncertain tax positions.
Required journal entries and completion of all required account reconciliations.
Input into BorgWarner’s Form 10Q and Form 10K.
U.S. federal income tax input into US GAAP documentation.
U.S. federal income tax aspects of all M&A related disclosures and documentation.
Management of the U.S. federal income tax return process, including the responsibility of:
Management of the third-party service provider who has been engaged to prepare the tax return, ensuring a productive and efficient relationship with reporting units such that they provide all required information on a timely basis.
Coordination with the broader tax team in relation to U.S. federal income tax inputs, the research of U.S. federal tax laws and issues, and completion of the return to provision workstream.
Review of budgets and forecasts to estimate future U.S. federal tax payments and all activity related to making such payments.
Analysis and interpretation of new U.S. federal tax legislation and regulations, reporting requirements, and court and regulatory agency decisions and similar events to identify potential impacts to BorgWarner.
Responsible for U.S. federal income tax aspects of global structuring and simplification:
Acts strategically to identify, develop, and execute simplification and cost saving opportunities.
Supports modelling efforts related to US federal income taxes.
Provides Tax Operations Lead and external providers appropriate U.S. federal tax input into structuring and simplification efforts.
Responsible for the elimination of U.S. legal entities and legacy arrangements:
Acts strategically to identify, develop, and execute simplification and cost saving opportunities.
Works with VP Tax, Tax Operations Lead, and external advisors to establish elimination step plans and reviews step plans with key functional and BU representatives.
Documents US, US GAAP, and OECD Pillar Two tax analysis of steps in detailed internal memoranda, with support from external advisors, as required.
Establishes repositories for all supporting documentation and responsible for execution.
Supports U.S. federal income tax audits, including the gathering of all required information, the preparation of tax authority responses, development of arguments to support positions taken during audits, and the efficient resolution of issues. Responsible for key attribute review and maintenance:
Maintains US tax attribute tracking and ensures it is kept timely (e.g., tax basis, deferred intercompany transactions, etc.)
Establish repositories for all supporting documentation to support current and future positions.
Leads a team of 2-4 that helps support federal tax and simplification efforts:
Establishes roles and responsibilities for team that are aligned to the broader tax team.
Responsible for training, development, assessment, and mentoring of team.
Responsible for hiring team members and management of staff related issues.
What we’re looking for
Must have 15+ years of Big Four Public Accounting Firm or with a SEC registered public company with relevant U.S. federal tax and ASC740 experience and must be able to demonstrate a practical application of that experience.
Bachelor’s degree in accounting or CPA required.
Very strong knowledge of U.S. federal tax rules and associated treasury regulations. (including international tax elements of the U.S. tax system).
Very strong knowledge of ASC 740.
Working knowledge of transfer pricing concepts.
Must have advanced ability to model tax impacts of items such as U.S. tax reform.
Must have advanced-level computer skills (Microsoft Excel, Microsoft Word, Microsoft PowerPoint) and must have an ability to appreciate the next generation software (e.g., PowerBi).
Must have a positive, highly analytical, solutions-focused, materiality-led, continuous improvement focused mind-set.
Must be results focused with a sense of urgency in execution.
Must have strong project management skills, with experience of leading and motivating internal tax teams and external advisors on complex tax matters.
Must have experience of a full-outsourced and/or co-sourced compliance model and be able to manage the delivery of returns across numerous providers.
Must have experience of working as part of a cross-functional team, the ability to build relationships with all levels of the organization, and the ability to influence senior stakeholders.
Must have experience of outlining complex tax issues to senior management.
Must have strong ethics and values and a proven ability to maintain confidentiality.
Must have professional interpersonal and communication skills.
Must be a team player.
What we believe
Inclusion-We value diversity in people, ideas, and experiences.
Integrity- We believe in transparency, authenticity, and depend on each other to deliver what we promise.
Excellence- We contribute to our developments by seeking knowledge and sharing information.
Responsibility- We care about our local communities and the global environment.
Collaboration- We are one BorgWarner.
Safety
This position will adhere to Global Star Safety Program, including safety rules, practices and training as outlined in the BorgWarner PTC Safety Policy Manual, which includes the use of equipment, protective devices, or clothing that the employer requires. This individual will work in manners that stress the importance of preventing accidents and illnesses. He/she must take every precaution reasonable in the given circumstance for the protection of themselves and coworkers. In addition, he/she is responsible for reporting all injuries and/or possible dangerous situations, incidents, or occurrences to the immediate supervisor.
Equal Employment Opportunity
BorgWarner is an equal employment opportunity employer such that all qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity/expression, national origin, disability or protected veteran status.
Visa Sponsorship
BorgWarner does provide sponsorship for employment visa status based on business need. However, for this role, applicants must be currently authorized to work in the United States on a full-time basis.
No Unauthorized Referrals from Recruiters & Vendors
Please note that BorgWarner and any of its affiliated companies does not seek or accept unsolicited resumes or offers from third party recruiters or staffing agencies associated with any published or unpublished employment opportunities. Any unsolicited information sent to BorgWarner will be considered as unencumbered and free from any fee or charge whatsoever. Only members of our Human Resources Team have the authority to engage or authorize recruiting services, which must be agreed upon before the unsolicited resume or offer is received.
Join the company that is creating solutions that support a cleaner, more energy-efficient world.
For more information about BorgWarner, please visit www.borgwarner.com
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