Caterpillar, Inc. Hiring for Lead Senior Inventory Tax Analyst at Springfield, Illinois Full Time

Career Area:

Accounting

Job Description:

At Caterpillar, you build what matters—whether it’s the career you want, crucial work skills, strong relationships or new digital technologies. There are big jobs to be done worldwide—building critical infrastructure, bolstering local economies, meeting the demand for energy—and that work is powered by our people.

Every single Caterpillar employee, including our Global Tax team, moves our company forward. Piece by piece, part by part, person by person. Together we create sustainable, world-changing solutions that impact lives around the globe.

As a Lead Senior Inventory Tax Analyst (internally titled Senior Tax Analyst) in the U.S. Reporting and Analysis group, you will be responsible for aspects of the U.S Consolidated Federal Income Tax return with a focus on Federal and State income tax activities. This experienced tax professional will be a valued member on a team that performs complex compliance and provision activities for inventory and federal pro-forma 1120s, leads and/or supports special projects, and provides support for the IRS income tax audit and managing state income tax audits.

You will have the opportunity to expand your direct income tax experience in multiple U.S. Federal and State tax technical areas as well as having great opportunities for career progression. The role will challenge you to combine technical and business knowledge to complete a high-quality work product, adapt to a rapidly changing legislative environment by documenting compliance positions and demonstrate critical thinking skills through the implementation of controls and analysis.

Your job duties and responsibilities may include, but are not limited to:

• Tax Compliance Management & Review:

• Prepares and reviews U.S. Federal computations for inventory, including applying the permissible UNICAP methodology under the new regulations, primarily the modified simplification production method, to material manufacturing entities, determining the amount of costs to be capitalized into inventory for tax purposes under Section 263A, and collaborating with business partners to understand existing book inventory accounting and capitalization policies.

• Prepares Form 3115 and related attachments for adopting new UNICAP methodology changes, if necessary.

• Prepares and reviews U.S. Federal Pro-Forma 1120 returns.

• Key team member assisting in co-sourcing relationship with third party service provider for U.S. State income and franchise tax return preparation, and responsible for select state modifications.

• Leads newer staff in U.S. Federal and State compliance areas.

• Liaises with technical specialists to ensure appropriate preparation and review on technical or higher risk areas.

• Tax Planning Support & Special Projects:

• Analyzes and interprets proposed changes to U.S. tax legislations and regulations with regard to the impact on U.S. Federal and State compliance requirements or calculations, requiring in-depth experience, knowledge and judgment.

• Applies tax research results to optimize enterprise tax effects.

• Leads process improvement projects.

• Directs, leads or participates on teams within or outside of the U.S. Reporting and Analysis group on Global Tax initiatives.

• IRS & State Audit Support:

• Provides analysis for U.S. tax audits.

• Develops and reviews responses to inquiries from IRS.

• Manage audits with state taxing authorities including being the liaison between Caterpillar and the state, developing responses to inquiries, and analyzing assessments.

Percentage breakdown of functional areas of responsibility for years 1, 2 or 3:

Functional Areas:

Tax Compliance Management & Review:

Year 1: 35% Year 2: 35% Year 3: 30%

Tax Planning Support & Special Projects:

Year 1: 25% Year 2: 25% Year 3: 30%

IRS & State Audit Support:

Year 1: 25% Year 2: 25% Year 3: 25%

Tax Accounting:

Year 1: 15% Year 2: 15% Year 3: 15%

Required Qualifications:

• Bachelor’s level degree related to Accounting or an approved certification (CPA/CMA)

• 4-6 years of progressively responsible tax related experience at Big 4 public accounting firm and/or large multinational manufacturing corporation

Desired Qualifications:

• Strong U.S. Federal experience in inventory computations and pro forma preparation

• Strong US State tax compliance experience

• Experience with tax processes/systems/software (CorpTax, SAP BPC, Excel)

• Proven ability to manage projects

• Demonstrate high levels of initiative, good judgment, and superior communication skills

• Collaborative and team-oriented personality with the ability to build and foster relationships throughout the organization

• Understanding of accounting and business processes, and enterprise operations

Additional Information:

• Location: Peoria, IL, Deerfield, IL, Nashville, TN or San Diego, CA

• External title: Lead Senior Inventory Tax Analyst

• Internal title: Senior Tax Analyst

• Domestic relocation will be offer to those who qualify

• 10-15% travel is expected

Employee benefit details:

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world.

Here you earn more than just a salary, because we value your performance. We offer a total rewards package that provides day one benefits [medical, dental, vision, RX, and 401(k)] along with the potential of an annual bonus.

Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Final details:

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application – please use the candidate log-in on our career website as it will reflect any updates to your status.

This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.Caterpillar.com/Careers

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EEO/AA Employer. All qualified individuals – Including minorities, females, veterans and individuals with disabilities – are encouraged to apply.

There’s more to work at Caterpillar than just the work itself. We hire smart, friendly people and it shows in our culture. We hold ourselves to high standards and make sure our values of integrity, excellence, teamwork, commitment and sustainability come to life in the way we work. We make sure our employees feel continuously challenged while also supported. We provide professional growth opportunities, including leadership programs. We celebrate the diversity of our team, while also working together as one Caterpillar.

Our culture, like everything at our company, is made possible by each employee’s contribution. Person by person, we create the environment we work in, and we are proud of the Caterpillar we’ve built.