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Accounting Jobs

Tax Associate, International/Federal

Magna International, Inc

Troy, Michigan

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JOB DETAILS
SKILLS
Auditing, Automotive Technology, Budgeting, Data Analysis, Data Collection, Data Modeling, Data Visualization Tools, Documentation, Domestic Tax, Earnings and Profit, Ecosystems, Entrepreneurship, Federal Tax, Fixed Assets, Forecasting, Income Tax, International Business, International Law, International Tax, Operational Support, Organizational Skills, Process Improvement, Reconciliation, State Tax, Support Documentation, Tax Credits, Tax Planning, Tax Regulations, Tax Reporting, Tax Returns
LOCATION
Troy, Michigan
POSTED
22 days ago
Job descriptions may display in multiple languages based on your language selection.

What we offer:

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Group Summary:

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

Job Responsibilities:

About the Role:

The International/Federal Tax Associate will be a key member of Magna's U.S. Tax Team, with a primary focus on U.S. international tax compliance and reporting and additional responsibilities supporting U.S. federal and state income tax compliance and provision.

Reporting to the International Tax Manager, you will help prepare and review data for U.S. international tax returns, assist with quarterly and annual tax provision (ASC 740) for foreign and domestic operations, and support forecasting, budgeting, and various international tax projects. This is an excellent opportunity to develop a strong technical foundation in U.S. international tax within a global, fast‑paced environment.

Your Responsibilities:

International (~70%)

  • Assist with the preparation of U.S. international tax filings using OneSource, including:

    • Forms 5471, 5472, 8858, 8865, 8990-8993, 1042, 1120F and related statements and disclosures.
  • Gather, validate, and organize financial and tax data from global business units and shared service centers to support:

    • Earnings & profits (E&P), GILTI, FDII, BEAT, foreign tax credits, interest limitations, and other U.S. international tax calculations.
  • Support the quarterly and annual international tax provision process under ASC 740, including:

    • Preparation of work papers for foreign income and tax, and related deferred tax items.
    • Assisting with documentation and support for uncertain tax positions (FIN 48) and APB 23 assertions under supervision.
  • Assist with international tax forecasting and budgeting by preparing schedules, updating models with current data, and reconciling variances.
  • Maintain organized, audit ready workpapers to support international tax return positions and provision calculations.
  • Perform preliminary U.S. international tax research (e.g., Subpart F, GILTI, foreign tax credits, interest limitation rules, treaties) and summarize results for review.
  • Monitor changes in U.S. international tax law and help update internal documentation, workpapers, and processes as needed.
  • Assist with responses to inquiries from tax authorities by gathering documentation, preparing schedules, and supporting audit responses under supervision.
  • Support initiatives to improve tax processes, including:

    • Identifying opportunities to streamline data gathering and calculations.
    • Helping to leverage technology tools such as OneSource, OneStream, and, where applicable, data analytics or visualization tools.

Domestic (~30%)

  • Assist with the preparation of U.S. federal and state corporate income/franchise tax returns, including:

    • Data collection from business units and preparation of supporting schedules for the consolidated U.S. federal and state returns.
    • Support for fixed assets, apportionment, and book to tax difference calculations.
  • Assist with the preparation of federal and state estimated tax payments and extensions, including supporting work papers and reconciliations.
  • Support the quarterly and annual ASC 740 tax provision process for U.S. operations by:

    • Preparing account reconciliations and accrual to return adjustments.
    • Assisting with schedules for deferred tax assets and liabilities and tax footnote disclosures.

Who we are looking for:

  • BachelorBBTECH_RESE

About the Company

M

Magna International, Inc

We are a leading global automotive supplier with 347 manufacturing facilities and 94 product development, engineering and sales centres in 27 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.
COMPANY SIZE
10,000 employees or more
INDUSTRY
Automotive and Parts Mfg
FOUNDED
1957
WEBSITE
http://www.magna.com/

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