International Tax Manager

International Tax Manager

Job Number : 3257940

3257940

Posting Date

Aug 26, 2024

Primary Location

Americas-United States of America-New York-New York

Accounting / FinanceEmployment Type : Full TimeJob Level : Director

Description

Company Profile :

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

Department Profile :

The Tax Department reports to the Chief Financial Officer and consists of some 200 employees worldwide. The Tax Department is responsible for global tax compliance, tax accounting, business unit tax advice and tax planning for the Firm.

Position Overview

As an overview of the position, the role requires a strong working knowledge of U.S. international tax principles, primarily to support the international tax provision function.

The role requires a pro-active approach with excellent collaboration, organizational and communication skills to effectively work with the U.

S. and non-U.S. tax and provision teams, as well as to provide clear information to stakeholders in the Tax and Finance departments.

Previous tax provision experience and knowledge of ASC 740 principles is highly desirable.

While the focus of the role is the quarterly and annual tax provision, the International Tax team works collaboratively and so there will be crossover responsibilities with tax compliance and over time the opportunity to focus on areas of specific interest.

Continual evaluation of the process and the identification and implementation of process and data improvements is part of the Morgan Stanley culture.

To be successful in managing these responsibilities, we would generally expect that the person hired would have 3-7 years of relevant experience.

Job Responsibilities

• Maintaining the tax provision calendar and leading quarterly calls with NY International tax and Glasgow International tax
• Work collaboratively with Associates based in Glasgow to review their work and assist in training.
• Review of consolidated US residual tax calculations for interim financial reporting purposes, including but not limited to the following :

A.GILTI calculation

B.GILTI tax push-down for Pillar 2 purposes

C.Non-GILTI inclusion calculation and review of respective entities

D. Audit adjustments by year

E.Calculation of Subpart F income where fact pattern is complicated and needs input from stakeholders outside of tax as well as deep knowledge of specific technical rules.

F. Communication of the results to stakeholders including level of estimation and uncertainty

G. Communication with VPs and EDs outside the US to understand the impact their tax provisions are likely to have on the US foreign tax credit (FTC) analysis

H. ASC 740-30-25 (FKA APB 23 analysis)

Review of book-tax adjustments for non-US subsidiaries such as

A. Fixed assets

B. Creditable and deductible foreign taxes

Likely involvement in compliance process

A. Review of forms 8858 and 5471 for coverage

B. Review of forms 8991 and 8992

C. Review of tax disclosure on the US consolidated return including Intercompany transactions on schedule M, OCI disclosure on Schedule C, and Review and coordination on BEAT disclosure on schedule G

D. Review the consolidated foreign inclusion summary (GILTI and Subpart F amounts), quarter over quarter and year end and tax return reconciliations.

Develop a conceptual understanding of the drivers of the US international drivers of the MS effective tax rate.

E. Communication of results to stakeholders

Qualifications

You have :

Approximately 3 - 7 years of applicable experience

Bachelors or Master's degree in tax or accounting

Excellent analytical, organizational, and written and oral communication skills

Experience covering tax issues in a real-time environment

Strong managerial skills, with a hands on approach

Superior work ethic with high level of accountability

Financial services industry experience preferable, but not required

Expected base pay rates for the role will be between $85,000 and $155,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence.

Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools.

We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).