Tax Program Manager - Global Tax Planning
Medtronic
At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the Life
Medtronic is a fast paced, dynamic, medical device company with operations in over 150 countries and operational headquarters located in Minneapolis, Minnesota. We are seeking a Tax Manager with tax planning and/or M&A tax experience who can collaborate effectively within a team, contribute to our innovative and talented group of tax professionals, and excel in a workplace that encourages growth and learning. Join us and be a part of a company that is making a significant impact in the medical device industry.
The position will report to the Senior Manager of Global Tax Planning and will have no direct reports. This position will be responsible for managing US federal and state tax planning projects as directed by the Senior Director and Senior Manager of Global Tax Planning. It is expected that this role will work closely with international tax, transfer pricing, operational tax leads, tax compliance, tax accounting, plus finance, legal, treasury and other corporate functions at Medtronic. This role will build strong contacts within treasury as this partnership will be key to successfully completing a variety of planning projects.
This position will also support the Senior Manager, M&A Tax Planning on all areas of M&A including tax due diligence, tax modeling included in the Corporate Development deal model, tax structuring, review of tax clauses in all deal documents of Medtronic’s third-party acquisitions, divestitures, minority investments, and tax strategy. This position will collaborate with the Senior Manager, M&A Tax Planning to partner and build relationships with members of the corporate and operating unit business development teams, corporate tax, other corporate functions, and external tax advisors involved in the M&A process.
At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
Responsibilities may include the following and other duties may be assigned.
• Drive tax efficiencies through management of tax planning projects.
• Work with international tax and transfer pricing teams on projects to optimize the US tax structure.
• Evaluate tax provision and contingencies (tax reserves) impacts from planning projects.
• Assist the tax accounting team on tax provision matters related to planning projects.
• Assist the tax audit and controversy team on IDRs related to planning projects and provide the team federal and state tax research and analysis as needed.
• Work with the tax compliance team on various federal and state tax reporting issues.
• Keep apprised of federal and state tax legislation that may affect Medtronic’s tax provision and tax strategies and develop technical expertise in newly enacted changes to federal and state tax legislation.
• Work with the international tax team on projects to address OECD legislation.
• Analyze tax implications of acquisition and divestiture transactions, including entity attributes and transaction cost analysis.
• Support the structuring and integration of M&A transactions.
• Conduct and assist on tax due diligence related to proposed transactions. Draft and communicate findings effectively, efficiently, and timely.
• Perform all aspects of tax modeling for M&A activities.
• Review tax representations, warranties, covenants, indemnifications, escrows, and such other appropriate tax language in deal agreements.
• Assist Senior Manager, M&A Tax Planning in partnering with controllers group and tax accounting team for preparation of FIN48 tax risks related to corporate development projects, deferred and current tax expenses with third party “purchase accounting” valuations, and tax valuations to support acquisitions, divestitures, minority investments and post-acquisition integration.
Must Have:
• Bachelor’s Degree with 5+ years of Tax experience in a law firm, large corporate in-house Tax Department or public accounting setting with U.S. federal and state tax experience (Or 3+ years with a Masters in Tax or LL.M. in Taxation or other advanced taxation degree)
Nice to Have:
• Bachelor’s degree in Business Administration, Finance, or Accounting, or an advanced degree with comparable emphasis in business, accounting, or taxation.
• Experience managing large global special projects or teams.
• Experience with federal, state, and international income tax issues.
• Demonstrated in-depth experience with U.S. federal tax rules including Subchapter C, consolidated returns, and taxable and nontaxable reorganizations.
• General understanding of ASC 740 (accounting for income taxes).
• Excellent English oral and written communicator; ability to effectively communicate complex technical tax issues in both tax and easy to understand non-tax language with other Tax Department members, external tax advisors, and non-tax leaders in the company.
• Ability to apply good judgment, financial acumen, and problem-solving skills to identify and resolve critical tax risks; demonstrates high ethical standards.
• Able to work independently as well as part of a progressive, high-performing team exercising influence management skills to contribute to value added deliverables.
• Comfortable working in a matrix reporting environment.
• Progressive forward-thinking mind-set: creative and innovative thinker that is always looking for improvement opportunities.
• Strong project management skills: ability to drive projects to a conclusion with and without assistance from external tax advisors.
• Knowledge and “hands-on” in-depth experience.
• Strong tax research skills.
• Strong quantitative and analytical modeling skills.
• Experience performing federal, state, and international tax due diligence on M&A projects
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
Medtronic benefits and compensation plans
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.