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 43,000 people with operations in 55 countries with headquarters in Glenview, IL. Our campus includes a fitness center at no cost to the employees, cafeteria, outdoor volleyball courts, walking trails around the facility, employee resource groups, corporate discounts, dry cleaning services, covered/outdoor parking, and much more. We are just a block away from the nearest Metra station, and it is a quick 20-minute train ride to downtown Chicago, museums, lakefront, and other activities.
More details on our benefits can be found on our website at https://www.itw.com/careers/benefits-compensation/
Reporting to the Vice President of Global Tax, the Director, International Tax serves to lead the delivery of tax planning within ITW. He or she bears responsibility for coordination on a project basis, key aspects of the tax planning function carried out on the Company's behalf, including the following:
-- Work with business operations to support business restructuring. This includes the following:
Build relationships with key decision-makers within the business;
Assist with the formulation of restructuring plans with the business operations group;
Research tax technical issues related to the restructuring plans;
Lead modeling of 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;
Lead the process to document the restructuring;
Lead coordination within ITW as needed on such plans, including Treasury, Finance, and other tax functions, and
Review the related tax return disclosures.
-Assist with identification, development, and implementation of strategic tax planning for ITW. This includes the following:
Lead formulation of 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;
Lead the process to document the restructuring;
Lead the implementation of the planning; and
Review the related tax return disclosures.
Work with Treasury, Finance, and other tax team members on ITW's capital allocation strategy:
Assist to formulate plans for the strategic movement of cash within ITW, including distributions, capital contributions, and intercompany lending
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 proposed cash transactions;
Discuss with other departments both in the US and internationally as to the potential impacts;
Lead the process to document the executed plans;
Lead the implementation of the planning; and
Review the related tax return disclosures.
Identify and implement process improvements;
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.
Bachelor's degree required, preferred in accounting
MST/CPA and/or JD/LLM preferred;
12+ years of tax experience in Big 4 public accounting or multinational industry experience required;
Strong technical knowledge of US federal and international income tax rules, as well as a solid understanding of the functioning of material foreign tax jurisdictions rules;
Strong tax research and analytical skills;
Experience in federal and international tax planning;
Experience in the preparation and review of U.S. international tax compliance including Forms 5471, 8858, 1118, and related disclosures;
US GAAP proficiency, particularly with ASC 740 (FAS 109) and international-related provisions;
Experience in Corptax preferred;
Experience in tax automation projects and strong data analytic skills are preferred;
Strong project management skills and ability to prioritize and multitask routinely
Strong verbal and written communication skills
Ability to interact with all levels of an organization in a clear and professional manner
Ability to lead staff, seniors and managers on planning projects and implementation
Understanding of valuations and effective utilization of these in the planning process
General computer and software technology skills
Competencies and Leadership
Communicates with impact with all stakeholders - articulates a clear point of view and listens and responds to feedback
Acts as a champion of diversity, creating an environment that values diverse backgrounds and perspectives.
Builds organization processes and systems that work to deliver results and to make change happen. Sets high standards for performance for self and group.
Builds and leverages relationships and networks across ITW and externally.
Develops interns and staff.
Shares talent across the organization for the betterment of ITW.
Engenders and builds trust and approachability within and across groups.
Operates in an honest, ethical manner in all dealings; acts with integrity.
Displays composure and appropriate decorum in pressure situations.
ITW is an equal opportunity employer. We value our colleagues' unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.
As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.
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.
ITW is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.
