Director, International Tax Planning

Company: Illinois Tool Works Inc
Location: Glenview
Posted on: September 12, 2020

Job Description:

Since its founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. We place a high premium on the development of innovative solutions–most of which are developed in tandem with our customers. And we continue to ensure that our customers receive timely, cost-effective service for the innovative products we provide.

ITW’s differentiated business model is composed of a set of unique core capabilities: our proprietary 80/20 business process, customer-back innovation, and our well-known decentralized entrepreneurial culture. These capabilities are unmistakably ITW—and key to our longevity and strong performance.

ITW’s products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution.

Today, ITW (NYSE: ITW) is a Fortune 200 company that employs nearly 50,000 people with operations in 55 countries with headquarters in Glenview, IL. We are conveniently located across from the Metra commuter rail, with access to an on-site gym, café and active employee resource groups.

Job Description Reporting to the Vice Present, Global Tax, the Director of International Tax Planning serves to help deliver strategic tax planning within ITW. He or she is responsible for coordinating on a project basis, certain aspects of the tax planning function carried out on ITW’s behalf, including working with business operations to support business restructurings. This includes the following:

Build relationships with key decision-makers within the business.

Formulate the restructuring plans with the business operations group.

Research tax technical issues related to the restructuring plans.

Model out the tax impact of the restructuring.

Manage/review the valuation work related to the restructurings.

Manage the review/approval of the restructuring plan.

Manage/support the implementation of the restructurings.

Manage the process to document the restructuring.

Coordinate within ITW as needed on such plans, including Treasury, Finance, and other tax functions, and complete the related tax return disclosures.

Also Identify, develop, and implement strategic tax planning for ITW. This includes the following:

Formulate plans on the strategic planning area.

Research technical issues.

Work with and manage consultants as needed.

Work with and manage internal ITW resources as needed.

Model out the impacts of the planning.

Discuss with other departments both in the US and internationally as to the potential impacts.

Manage the process to document the restructuring.

Manage the implementation of the planning; and

Complete the related tax return disclosures.

Collaborate with, and support as necessary, other planning directors on various operational and strategic planning projects including:

Manage and develop the staff.

Manage the budget and use of external consultants.

Understand the impacts of the restructurings/transactions to the different areas of tax and consult with others in the tax department.

Identify and implement process improvements.

Partner with other corporate headquarters functions to anticipate future needs and support.

Manage multiple operational and strategic tax projects as needed.

Support the IRS and local country tax audit process and assist in responding to issues, IDR requests, etc.; and

Provide leadership in the tax department, and develop and mentor a team within the planning function.

Qualifications Bachelor’s degree in accounting, finance, or law required. Master’s degree in Tax/LLM in Tax is preferred

10+ years accounting firm experience including managing multiple tax accounting projects and client engagements, directing, and scheduling staff and managing workflow. Additional industry experience a plus.

CPA or JD certification

Working knowledge of inbound and outbound structure planning, foreign tax credits, and world-wide tax minimization

US/ international information reporting review experience

Experience in mentoring, guiding, and training associates

Strong experience with corporate tax accounting, ASC 740 preferred

Experience with tax technology

Ability to manage and grow strong client relationships

Ability to multitask along with a demonstration of commitment to continuous learning

Leadership and project management skills

Excellent communication and networking acumen

Additional Information Illinois Tool Works Inc. (“ITW” or “the Company”) is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please email corp_accessibility@itw.com  to request assistance. No other requests will be acknowledged.

Keywords: Illinois Tool Works Inc, Glenview , Director, International Tax Planning, Other , Glenview, Illinois