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Senior International Tax Analyst

Requisition ID: 41597

Job Location(s):

Ames, IA, USMinneapolis, MN, USBaltimore, MD, US

Job Description

Danfoss is seeking a highly skilled and detail-oriented Senior International Tax Analyst to work with 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 is responsible for the completion of the US International tax filings. As Danfoss is a Danish-owned group and the US has foreign-owned subsidiaries, the Senior International Tax Analyst will work in coordination with Group Tax members across the globe.

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 is necessary and possibly one international trip a year

Job Responsibilities

Day to Day Responsibilities Include:

• 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

• Review US and Canadian transfer pricing documentation including local files

• Support Group Transfer Pricing with monitoring, controversies, and audit support 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 that 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

Job Requirements:

• 3-5 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

• 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 the 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

At Danfoss, we believe that a diverse and inclusive workplace fosters creativity, innovation, and a broader perspective in decision-making. When you consider this job posting, do you feel like your profile is not a perfect match? Numerous studies have found that women and people of color are more likely to apply only when they meet all the requirements listed in the job posting. Even if you do not check all the boxes, we encourage you to apply anyway. We are curious to find out how you can bring new insights to the role or to Danfoss as an organization.

Employee Benefits

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

• Bonus system

• Paid vacation

• Flexible working hours

• Personal Insurance

• 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 42.000 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 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

Nearest Major Market: Ames

Nearest Secondary Market: Des Moines