Tax Senior

ITT Inc.; Stamford (CT); On-site; USD 111,000 - 166,000; Full time

Job summary

ITT Inc. is seeking a tax professional to learn and support the US international tax cycle, including tax provision, compliance, audits, and planning. The role involves foreign tax provisions, Subpart F, GILTI/NCTI, and related tax-technology tools, with internal training and cross-functional collaboration.

The candidate will work with global teams to manage Pillar Two concepts, prepare information returns, and support transfer pricing processes, providing growth in a dynamic tax environment.

Qualifications

• Bachelor's degree in Accounting required; MBA or MS in taxation a plus.
• Minimum of 3 years of tax experience in public accounting or corporate environment.
• CPA preferred, or planning to sit for the CPA exam.

Responsibilities

• Review quarterly tax provision calculations for assigned foreign entities; identify GAAP differences and tax expenses.
• Learn and prepare US international tax calculations including earnings and profits, Subpart F, GILTI/NCTI, royalties.
• Learn Pillar Two/Global Minimum Tax concepts and calculations and related tools.
• Coordinate book entries with HQ Consolidations accounting team.
• Assist with transfer pricing adjustments and documentation; review forms for foreign entities.
• Assist with W-8 reviews and cross-functional tax planning.

Skills

Tax experience

Analytical thinking

Communication

Education

Bachelor's degree in Accounting

MBA or MS in taxation

Tools

MS Excel

MS Word

PowerPoint

Outlook

SAP

OneStream

TXP

Alteryx

Job description

About ITT

ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life.

About ITT

ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries and serves customers in approximately 125 countries. Following the acquisition of SPX FLOW, the company is expected to generate $5.4 billion in annual revenue. Our businesses are organized in three distinct segments, each based around our core engineering DNA: Flow Technologies: A global leader in, providing a broad portfolio of pumps, valves, mixing and agitation equipment, heat transfer, homogenizers, separation, water and wastewater treatment, and engineered process solutions. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Anhydro, APV, Bornemann, Bran+Luebbe, C’treat, Engineered Valves, Gerstenberg Schröder, Habonim, Johnson Pump, Lightnin, Philadelphia, Plenty, PRO Cast, Rheinhütte, Seital Separation, Stelzer, Svanehøj, Tigerholm, Uutechnic, VIDAR, Waukesha Cherry-Burrell. Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone. Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA.

Position Summary

Amazing opportunity to learn all aspects of the US international and global tax cycle: tax provision, tax compliance, audit defense, and planning. The ideal candidate will learn and assist with a wide variety of tax matters including foreign tax provisions review, US international and Pillar Two tax provision calculations and compliance including related tax technology tools and processes, foreign audits for assigned jurisdictions, transfer pricing adjustment process and compliance, US and global tax planning, review of W-8s/W-9s, and special projects. The ability to learn, manage multiple workstreams, find solutions, achieve results, and communicate are critical to success in this role. Internal training and support will be provided across all areas.

Essential Responsibilities

• Review quarterly tax provision calculations for assigned foreign entities. Work with local finance teams to identify and quantify Permanent and Temporary book-tax and GAAP-GAAP differences and resulting current and deferred tax expenses and liabilities/assets. Review the annual return-to-provision calculations and tax account adjustments.
• Learn and prepare US international tax calculations including foreign entities’ earnings and profits, Subpart F income, GILTI/NCTI, foreign source royalties,
• 986(c) and
• 987 foreign exchange gains/losses on earnings distributions,
• 861 expense allocations, and foreign tax credits.
• Learn and prepare Pillar Two/Global Minimum Tax concepts and calculations including Transitional and Permanent Safe Harbors, Simplified and Jurisdictional ETRs, GILTI/NCTI pushdowns, QDMTTs, IIRs, and UTPRs.
• While achieving the above, learn and operate the US international and Pillar Two models including internal models, the cloud-based KPMG ITRA, PTEP and P2A tools, and processes for moving data including use of Alteryx.
• Compile and prepare information for the external firm preparing the US information returns for ITT’s foreign entities including Forms 5471, 8858, 1118, 8992, 8993, 5452, 5713, 8975 CbCR and annual election/statements. Based on updated Q4 provision calculations and models. Review completed forms.
• Learn and assist the annual transfer pricing adjustment calculation process. Involves the compilation and analysis of margins for intercompany transactions, comparison to applicable benchmarks, and communication of calculated adjustments. Coordinate the booking of journal entries with the HQ Consolidations accounting team.
• Compile and prepare information for the external firm preparing the transfer pricing master file and local transfer pricing reports. Review completed reports.
• Assist with review of Forms W-8 submitted by ITT vendors as requested by P2P/vendor onboarding team.
• Assist planning by compiling information, running what-if scenarios in US international models and creating transaction-specific models where necessary.
• Potential to assist with distribution/repatriation planning and lead global cross-functional team of external and internal advisers including Legal, Treasury, and Finance colleagues to execution.

Position Requirements

• Bachelor’s degree in Accounting required, with MBA or MS in taxation a plus
• Minimum of 3 years of tax experience in public accounting or corporate environment
• CPA preferred, or serious candidate planning to sit for the CPA exam
• Analytical, forward-thinker who is organized and motivated to learn and achieve results
• Knowledge of MS Excel, Word, PowerPoint, and Outlook required; experience in SAP, OneStream, TXP, and Alteryx a plus.

Key Competencies

• Effective Communication: The successful candidate will be able to effectively convey their ideas and messages formally and informally, in speaking and in writing. They will deliver clear, concise, accurate, articulate and persuasive written and oral messages, supply supporting facts as necessary and are adept at tailoring their communication to their audience. They will demonstrate ability to prepare reports, documentation, and other written information thoroughly and completely.
• Results Orientation: S/he wants results and is motivated by timely outcomes and is steadfast in pursuit of their goals, focus on their target, and persevere in the face of adversity. They are tenacious and get things done, demonstrating and fostering a sense of urgency and strong commitment to achieving goals. They work effectively without undue oversight.
• Collaboration and Teamwork: S/he welcomes and acknowledges ideas and input of others – they contribute one’s fair share of work to group efforts. They make productive contributions in meetings. They look for ways to collaborate with others and volunteer to help others when needed. Team players only.
• Technical Competence: A solid foundation of technical understanding in income tax concepts as well as accounting processes and systems is required. Demonstrated ability to identify and communicate complicated tax issues.
• Business/Financial Acumen: Demonstrated ability to identify and communicate complicated tax issues in terms of impact on business. Common sense approach to the development and implementation of income tax strategies and programs.

Equal Pay Act Statement

We aim to pay our ‘ITT’ers’ fairly and competitively in the locations that they live and work. Pay-for-performance is a principle that we believe in, and employees are rewarded based not only on ‘what’ they accomplish, but also on ‘how’ they reflect ITT’s values. ITT offers a competitive salary and robust total rewards package, such as health insurance, 401(k), short and long-term disability, paid time off, growth and developmental opportunities, and other incentive compensation programs. Specific benefits are dependent upon whether or not the position is part of a collective-bargaining agreement. The salary offered to a candidate is based several factors such as candidate experience and qualifications, location, as well as market and business considerations.

Equal Pay Act Range

Annual base salary range of $111,000 - $165,600, plus incentive plan and benefits.