Job descriptions may display in multiple languages based on your language selection.What we offer:At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities: What we offer:At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
Job Responsibilities:Strategic Tax Planning & Transactions- Manage international tax planning initiatives with both US and cross-border implications.
- Research tax implications of return filing positions and prepare file documentation with the applicable facts, analysis, and citations to relevant authority to defend such positions on exam.
- Support US Tax Team involvement in external M&A and internal restructurings including: sale/purchase agreements and supporting post-closing integration.
- Support project planning, financial modeling, risk assessment, and implementation.
Compliance & Reporting- Ensure accurate and timely preparation of international tax filings using OneSource, including:
- Forms 5471, 5472, 8858, 8865, 8990-8993, 1042, and 1120F.
- Assist with U.S. federal and state income tax compliance, including review of supporting schedules and book-to-tax adjustments.
- Manage quarterly and annual international income tax provision, forecasting, and budgeting for inbound and outbound operations.
- Assist with the quarterly and annual U.S. tax provision process, including review of account reconciliations, deferred tax schedules, and return-to-provision adjustments.
- Utilize OneStream for financial data analysis and reporting.
Research & Documentation- Conduct in-depth research and analysis of international & federal tax issues.
- Prepare technical memos and maintain audit-ready documentation.
- Monitor the Tax Press regularly and identify, distill, analyze, and disseminate with the Tax Group developments with actual or potential significance to the organization.
- Support responses to federal tax authority inquiries and audits.
- Lead and manage projects and relationships with outside Tax and Legal Advisors.
- Handle special projects and other duties as assigned.
Leadership & Collaboration- Mentor and develop Tax Team members; foster a culture of continuous learning and excellence.
- Collaborate with global Tax, Legal, Treasury, and Finance teams to align strategies and share best practices.
Process Improvement- Identify and implement process enhancements, including AI and emerging technologies.
Qualifications:- Bachelor's degree in Accounting, Finance, or related field; CPA, Master's in Tax or JD preferred.
- 5-10 years of international tax experience, or a combination of international and federal tax experience, ideally in a corporate or Big Four environment.
- Good knowledge of U.S. international tax laws and regulations including OBBB.
- Proficiency in O