Tax Associate, Federal & State

Magna-International-6df39721; Troy (MI); On-site; USD 75,000 - 105,000; Full time

Benefits offered by this job

Comprehensive health, dental, and Vis­

401(k) with employer matching

Extensive training program andinternal

Job summary

Magna is seeking a Tax Associate – Federal/State to assist with U.S. Federal and multi-state income and franchise tax return compliance, accounting for income taxes, and special projects.

You will support data collection for tax returns, prepare estimated calculations, research tax issues, and contribute to ASC 740 provisions, FIN 48 analysis, and audit readiness. This role emphasizes internal controls and process improvements within a dynamic automotive technology environment.

Qualifications

• Bachelor's degree in Accounting required.
• Academic and working knowledge of US tax principles and ASC 740 including FIN48.
• Proficiency with OneSource Tax software, Checkpoint, Microsoft Office, and OneStream.
• Strong analytical and problem-solving capabilities.
• Detail oriented with strong organizational skills.
• Ability to work effectively under pressure and manage multiple projects.

Responsibilities

• Assist with data collection and the preparation of tax returns, including fixed assets, apportionment and calculating book/tax differences.
• Prepare estimated tax calculations, account reconciliations, accrual to return adjustments, special projects and handle other duties as assigned.
• Conduct tax research and assist in planning initiatives pertaining to Federal, State and Local income and franchise taxes.
• Prepare quarterly and annual ASC 740 income tax provisions including deferred tax analysis, FIN 48 analysis, SOX compliance, related account reconciliations and financial statement disclosures as appropriate.
• Support the tax audit function through preparation of audit-ready tax workpapers and provide other assistance as required.
• Assist in maintaining appropriate internal controls over tax accounts and all aspects of the tax function.
• Identify and implement improvements to tax department processes to increase efficiencies and reduce risk.
• Responsible for working within time constraints, meeting deadlines, and providing timely updates to Supervisors on project status.
• Demonstrate initiative by seeking opportunities and undertaking efforts to improve the tax department work product and services, learn the business, and build positive and productive working relationships with colleagues in other functional areas of the organization.

Skills

Analytical skills

Problem-solving

Communication skills

Interpersonal skills

Detail-oriented

Time management

Education

Bachelor's degree in Accounting

Masters in Taxation (preferred)

Tools

OneSource Tax Software

Checkpoint

Microsoft Office

OneStream

Alteryx

Power BI

Job description

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:About the Role: The Tax Associate – Federal/State will assist Tax Managers and other department personnel with all aspects of U.S. Federal, multi-state income and franchise tax return compliance, accounting for income taxes, and special projects.Your Responsibilities:Assist with data collection and the preparation of tax returns, including fixed assets, apportionment and calculating book/tax differences.Prepare estimated tax calculations, account reconciliations, accrual to return adjustments, special projects and handle other duties as assigned.Conduct tax research and assist in planning initiatives pertaining to Federal, State and Local income and franchise taxes.Prepare quarterly and annual ASC 740 income tax provisions including deferred tax analysis, FIN 48 analysis, SOX compliance, related account reconciliations and financial statement disclosures as appropriate.Support the tax audit function through preparation of audit-ready tax workpapers and provide other assistance as required.Assist in maintaining appropriate internal controls over tax accounts and all aspects of the tax function.Identify and implement improvements to tax department processes to increase efficiencies and reduce risk.Responsible for working within time constraints, meeting deadlines, and providing timely updates to Supervisors on project status.Demonstrate initiative by seeking opportunities and undertaking efforts to improve the tax department work product and services, learn the business, and build positive and productive working relationships with colleagues in other functional areas of the organization.Who we are looking for:Bachelor’s Degree in Accounting required.Academic and working knowledge of general US tax principals and ASC 740, including FIN48.Proficiency with OneSource tax software, Checkpoint, Microsoft Office, and OneStream.Strong analytical and problem-solving capabilities.Strong communication and interpersonal skills.Detail oriented with strong organizational skills.Ability to work effectively under pressure and manage multiple projects in time-constrained environment.Your Preferred Qualifications:Masters’ degree in Taxation2-3+ years of related experienceCPA (Certified Public Accountant)Working experience with analytical/visualization applications (Alteryx, PowerBI)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.Site Benefits:Comprehensive medical, dental, and vision plans401 (k) plans with employer matchingAn extensive training program and exciting internal development opportunitiesCafeMotorcycle and electric vehicle paAwareness, Unity, Empowerment:At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.AI-Assisted Screening DisclosureAs part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.Worker Type:Regular / PermanentGroup:Magna Corporate