Deloitte Tax LLP seeks a Tax Senior in Chicago, Illinois.
Work You’ll Do
Help client management understand, plan for, and deal with the complex and dynamic issues surrounding transfer pricing. Work with economists, attorneys, and tax specialists to analyze and resolve international tax and finance issues faced by multinational corporations. Provide assistance for multiple tax engagements, as well as provide multinational clients with professional economic analytical services. Research complex tax issues and ensure their resolution with the support of subordinate professional accountants. Provide analysis of client companies and industry trends in order to respond to client needs and provide clients with professional economic analytical services. Assist with overseeing the preparation and review of complex financial statements and transfer pricing reports. Formulate tax planning strategies utilizing accounting methods and periods, capital transactions, corporate taxation, and IRS practice and procedures. Assist with determining the potential impact of such developments on client business. Devise and execute database searches for companies in the U.S. and foreign markets. Responsible for incorporating financial information into a standard financial model and conducting economic, financial and accounting analysis. Draft proposals, reports, document requests and other correspondence related to business engagements and prepare presentations. Review and analyze financial statements and transfer pricing reports, utilizing sophisticated software to devise and perform vital industry research and financial analyses.
Requirements
- Bachelor's (or higher) degree in accounting, finance, economics, law, or related field (willing to accept foreign education equivalent).
- Eighteen months as a Tax Senior or related occupation gaining experience preparing U.S. and foreign transfer pricing reports documenting intercompany transactions for various multinational companies.
- Experience must include eighteen months of:
- Performing functional and economic analyses and evaluating the financial performance of multinational clients to determine the most effective transfer pricing policy with respect to intercompany transactions;
- Reviewing tax legislation and international tax regulations and performing research for related regulations and regulatory practices to conduct sophisticated economic analyses and draw conclusions;
- Conducting routine benchmarking analyses using databases, including TP Catalyst, Capital IQ, and LexisNexis;
- Utilizing tax research tools, including Bloomberg terminal and LexisNexis, transfer pricing databases, including Compustat, Bureau van Dijk (Osiris and Amadeus), Recap, RoyaltyStat, S&P Capital IQ, Thompson Reuters ONESOURCE, MS EMIS and IBISWorld, and statistical software, including MS Excel designed to conduct transfer pricing analysis;
- Designing search strategies to identify sets of comparable companies and determine a range of returns for select tangible and intangible related party transactions
- Reviewing technical aspects of the regulatory framework of transfer pricing documentation and consulting work
- Utilizing various economic modeling methods, including discounted cash flow, realistic alternatives, income, residual profits, services costs, and other relevant methods as described in the U.S. transfer pricing regulations under IRC 482 and their OECD counterparts, to perform valuation of intangible/tangible assets in the context of transfer pricing and analyze U.S. intangibles and cost-sharing regulations and their OECD counterparts
- Drafting transfer pricing reports for multilateral Advance Pricing Agreements, Business Model Optimization, and global tax compliance in accordance with IRC 482 and OECD guidelines
- Applying new regulatory principles and guidelines under OECD's Base Erosion and Profit Shifting (BEPS) initiative, preparing country-by-country reports, functional modules, Masterfile to document client's global business structure, and the functional and risk related information; and
- Assisting with performing strategic transfer pricing planning, service cost allocation, audit defense, and advance pricing agreement submissions to tax authorities.
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Salary: $75,180.00 - $139,620.00/year;
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