Sr Tax Analyst

  • Stoneridge Inc.
  • Stoneridge, Inc., McKenzie Drive, Novi, MI, USA
  • Nov 30, 2022
Full time Accounting Automotive Transportation

Job Description

Sr Tax Analyst

Since 1965, Stoneridge has designed and manufactured advanced, award-winning technologies including driveline and transmission actuation systems, vision systems, emissions control systems, safety systems, and security and monitoring systems for vehicle OEMs in the commercial vehicle, automotive, off-highway and agricultural vehicle markets. We’re focused on the areas of greatest market need – both today and tomorrow. Our core products and technologies are aligned with industry megatrends including safety and security, vehicle intelligence, fuel efficiency and emissions. Join the Stoneridge Team as we continue to build upon our strong history and reputation for quality products to deliver innovative products and systems that address a need, exceed our customers’ expectations, and motivate our team.

 

JOB SUMMARY:

This individual will partner with the Tax Senior Manager and Director of Global Tax in managing the tax function for the Company, which includes tax accounting & financial reporting, strategic tax planning, tax risk management and M&A support. This position will have exposure to and contribute to a broad range of tax and business initiatives that are strategically important to Stoneridge.

RESPONSIBILITIES:

Prepare the quarterly/annual U.S. domestic tax provision, ensuring current and deferred tax expense, deferred tax assets and liabilities, tax payables, and tax reserves are adequately maintained by entity.

  • Compile, review, and analyze the quarterly / annual worldwide tax provision in accordance with ASC740 and FIN48 (including considerations for technical tax accounting topics including valuation allowance analysis, APB23, FAS52, share based compensation, etc.). Review (and/or prepare) foreign tax provisions to ensure compliance with ASC740 and local country requirements.
  • Monitor changes to tax accounting standards, evaluate and communicate impact to the Company, and recommend necessary actions and process changes/improvements.
  • Prepare tax related financial statement disclosures for Forms 10Q, 10K and other public filings
  • Ensure that effective internal controls are in place and in compliance with Sarbanes-Oxley. Maintain documentation to support effective internal control policies.
  • Service as primary contact for the U.S. tax compliance co-sourcing arrangement, including providing information to co-source provider and detail review U.S. federal, state and local tax returns and ensure compliance with applicable laws
  • Maintain U.S tax attribute information (e.g. net operating loss, tax credit carryforwards, earnings and profits, tested income, tax pools, basis in stock and partnership interests, OFL/ODL, etc.)
  • Prepare complex US international tax calculations including GILTI, FDII, BEAT, foreign tax credit, etc.
  • Assist the tax senior manager with U.S. federal, state, and local tax audits. Assist with non-U.S. income and indirect tax audits.
  • Assist tax senior manager with indirect tax initiatives, including preparing and/or reviewing 1099 reporting, sales/use and property tax returns.
  • Monitor changes to U.S. federal and state tax laws, evaluate and communicate impact to the Company, and recommend necessary actions and process changes/improvements.
  • Prepare supporting analyses in the design and implementation of U.S. federal and state tax saving initiatives that reduce company liability while appropriately managing risk.
  • Assist with intercompany transaction documentation and planning on a global basis, including preparing transfer pricing reports
  • Prepare/review various corporate service charge calculation and maintain appropriate supporting documentation
  • Prepare tax budgets, forecasts and long-range plans for tax balance sheet amounts, tax expense and cash taxes for use in internal financial planning as well as earnings estimates / guidance
  • Monitor and ensure compliance with foreign tax laws including the filing of foreign tax returns
  • Other projects, as assigned

Requirements:

  • BA/ BS degree in Accounting, required, Graduate Tax/ Accounting degree, preferred
  • 3 to 5 years of relevant working experience
  • Knowledge of and previous experience with U.S. federal and state tax laws and regulations
  • Previous exposure to and a strong willingness and desire to learn U.S. international and foreign tax laws and regulations
  • Technical accounting knowledge of ASC740 and related US GAAP tax accounting guidance and financial reporting
  • Previous experience with the tax accounting process, including managing data, process, and people in a global organization in order to complete the quarterly and year end close.
  • Software: Consolidation (such as OneStream), ERP systems and intermediate Excel skills
  • Effective written and verbal communication skills
  • Ability to work with all levels in the organization
  • Awareness of and sensitivity to cultural issues in a global organization, including willingness and ambition to work as part of a global team
  • Ability to manage multiple projects simultaneously and prioritize tasks
  • Self-starter, highly motivated, and action oriented

 

#LI-MM1

Stoneridge is an Equal Employment Opportunity Employer. We do not discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, marital status, mental or physical disability, genetic information, veteran status or any other characteristic protected by the applicable laws in the countries we operate. Stoneridge also prohibits harassment of applicants or employees based on any of these protected categories.