Senior Manager - Global Tax Planning

Abbott; Chicago (IL); On-site; USD 127,000 - 255,000; Full time

Job summary

An established industry player seeks a Senior Tax Manager to lead strategic tax planning initiatives. In this role, you will develop and implement tax strategies that optimize the company's tax position globally. You will collaborate with various departments, offering expert tax advice, and manage relationships with external advisors. This position not only offers a chance to make a significant impact on the company’s financial health but also provides a supportive work environment that values growth and diversity. Join a company recognized for its commitment to employee development and well-being.

Benefits

Free Medical Coverage

Retirement Savings Plan

Tuition Reimbursement

Flexible Work Environment

Career Development Opportunities

Qualifications

• 8+ years of tax experience with a multinational or consulting firm.
• Strong executive presence and presentation skills required.

Responsibilities

• Develop and implement worldwide tax planning strategies.
• Provide tax advice to various departments on routine questions.

Skills

Tax Planning

Transfer Pricing

Income Tax Accounting

Communication Skills

Negotiation Skills

Education

Bachelor's Degree in Law, Accounting, or Economics

J.D. or Qualified Accountant

LLM in Tax

Job description

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

JOB DESCRIPTION:

Working at Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.

• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.

• An excellent retirement savings plan with a high employer contribution · Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.

• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.

• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

We have an immediate opportunity for a Senior Tax Manager in our Willis Tower, Chicago, IL location.

As the Senior Tax Manager, you will be responsible for assisting in the development and implementation of strategic foreign tax planning ideas to provide tax savings to the company, implementing approved tax strategies, and maintaining them. This position is also responsible for assessing foreign tax risks of existing structures and recommending strategies to mitigate or identify those risks. The position requires a strong understanding of transfer pricing and some income tax accounting knowledge.

What You'll Work On:
• Assist in the development and implementation of worldwide tax planning strategies that positively impact Abbott's effective tax rate for financial reporting purposes.
• Leads the completion of moderate level tax planning projects, or assist in complex tax planning projects, to optimize tax results in such diverse areas as entity structuring, transfer pricing, acquisitions, dispositions, liquidations, and cash repatriation.
• Represents Corporate Tax as a resource to provide tax advice to Treasury, Accounting, Legal, Abbott affiliates and to business units on routine tax questions, tax planning and tax compliance.
• Provide counsel on the structuring of international business transactions both with affiliates and third parties to ensure global tax optimization.
• Responsible for completing and documenting tax research and tax analysis connected with Abbott’s international business operations, audit defense, and internal restructuring.
• Manage and direct outside advisors for Europe, South America, Asia including local tax attorneys, big four accounting firms and economists.
• Maintain OUS tax audit tracker and quarterly tax questionnaires.
• Assist in evaluating foreign audit settlement proposals to determine the impact to the company under audit and assessment of a settlement on open tax years.
• Assist in preparing all intercompany agreements (Supply, License, Services) to support intercompany transaction flows.
• Provide advise and review of tax matters governing provisions in third-party agreements.
• Learns Abbott’s business and technology.

Required Qualifications:

• Bachelors Degree in the field of law, accounting, economics or comparable degree with a focus on tax and/or accounting

• Minimum 8 yearsTax experience with a multinational company or Tax consulting company (Big4 accounting firm or law firm)

• J.D. degree or Qualified Accountant and or an LLM in tax.

• Strong executive presence and presentation skills required.

Preferred Qualifications:

• Strong income tax and transfer pricing expertise desired.

• Broad knowledge of tax principles that apply globally

• Ability to apply tax rules and concepts to develop tax planning structures and consider impacts of new tax legislation globally

• Results and goal oriented.

• Hands-on and self-starter mentality.

• Able to manage responsibilities, internal project teams, and external advisers independently.

• Strong communication and negotiation skills required, especially the ability to explain complication tax rules to non-tax senior leadership.

Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity. Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott, and on Twitter @AbbottNews.

The base pay for this position is

$127,300.00 – $254,700.00

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:Tax

DIVISION:FIN Corporate Finance

LOCATION:United States > Chicago : Willis Tower Building 233 S Wacker Dr.

ADDITIONAL LOCATIONS:

WORK SHIFT:Standard

TRAVEL:Not specified

MEDICAL SURVEILLANCE:No

SIGNIFICANT WORK ACTIVITIES:Keyboard use (greater or equal to 50% of the workday)

Abbott is an Equal Opportunity Employer of Minorities/Women/Individuals with Disabilities/Protected Veterans.

EEO is the Law link - English: http://webstorage.abbott.com/common/External/EEO_English.pdf

EEO is the Law link - Espanol: http://webstorage.abbott.com/common/External/EEO_Spanish.pdf