Working under broad supervision without appreciable direction, develops solutions to a wide variety of complex problems which require the regular use of a deep professional international tax knowledge. Utilizes technical expertise to assist the Director, International Tax Operations with global tax planning, international tax compliance, tax audits, transfer pricing, tax research, and international operations reviews. Also assists in providing tax support to multi-departmental disciplines, international operations, and regional offices. Contributes to the development of new concepts, techniques and standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Guides the successful completion of international tax projects or programs. May be responsible for several components or one complex component of a large project (e.g., the opening of a new market). Serves as a consultant to management and other groups on international tax matters.
- Prepares complex international compliance forms in the U.S. federal income tax return requiring a technical expertise which may include the following:
- Form 926 (Return by a U.S. transferor of property to a foreign corporation),
- Form 1118 (Foreign tax credit),
- Form 5471 (Information return of U.S. persons with respect to certain foreign corporations),
- Form 8865 (Return of U.S. persons with respect to certain foreign partnerships),
- Form 8873 (Extraterritorial income exclusion), and
- Schedule N (Foreign operations of U.S. corporations).
- Prepares the annual extraterritorial income (“ETI”) exclusion (or any substitute).
- Annually, calculates the earnings and profits of each foreign operation.
- Calculates and analyzes Mary Kay Inc.’s foreign tax credits.
- Assists in preparing all annual transfer pricing studies required by the U.S. and each country. Helps maintain adequate documentation to meet the requirements of each country.
- Assists in maintaining tracking system for all intercompany agreements.
- Responsible for monitoring and tracking receipt of statutory accounts and tax returns from international operations.
- Assists with gathering information and preparing responses arising out of the Internal Revenue Service audits.
- Assists with the analysis of the quarterly and year-end FAS 109 calculations and tax reporting packages from every international operation and ensures the tax provisions are accurately recorded.
- Assists in the preparation of tax and financial analyses necessary to develop and support tax planning opportunities related to international transactions.
- Research various international taxation issues as they arise.
- Stays abreast of international tax laws in all countries where Mary Kay does business or plans to open operations. Diligently monitors the large volume of regulations, constantly changing legislative initiatives, or case law changes on all levels, for both direct and indirect taxes ,and evaluates any effects to the Company.
KNOWLEDGE, SKILLS AND ABILITIES
Education: Bachelor’s degree with an emphasis in accounting, economics, finance or a related field. Master’s degree or JD preferred. Must have a CPA certification or be a licensed attorney.
Experience: 6-9 years of relevant international tax experience; 3-7 years of experience with a Master’s degree.
- Solid research and analytical skills.
- Strong quantitative skills (e.g., Excel financial modeling, financial analysis, etc.) and strong software skills, including MS Excel and tax software.
- Strong written and verbal communication skills.
- Strong organizational, interpersonal and time management skills and the ability to work independently and communicate with various levels of employees.
- Foreign and domestic travel on an occasional basis.