Tax Associate, International/Federal

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:Bachelor’s degree in Accounting, Finance, or a related field.2 - 4 years of relevant tax experience in public accounting and/or a corporate tax department (internship experience will be considered).Foundational understanding of U.S. corporate income tax principles; basic familiarity with U.S. international tax concepts preferred.Basic understanding of ASC 740 income tax accounting concepts (coursework or limited work experience acceptable).Strong analytical and problem-solving skills with high attention to detail and accuracy.Proficiency with Microsoft Excel and the Microsoft Office Suite.Strong written and verbal communication skills, including the ability to document work clearly and concisely.Ability to manage multiple assignments and meet deadlines in a fast-paced environment.Demonstrated ability to work both independently and as part of a team.High level of integrity, initiative, and a continuous improvement mindset.Your Preferred Qualifications:Masters’ degree in Taxation or related fieldCPA (Certified Public Accountant) certification or progress toward CPA licensePrior exposure to U.S. international tax (e.g., coursework focused on international tax, prior internship or full-time role with international compliance or provision).Experience with:OneSource income tax software (compliance and/or provision modules).OneStream or other financial consolidation/reporting tools.Data analytics or visualization tools (e.g., Alteryx, Power BI).Familiarity with U.S. international tax rules such as E&P, Subpart F, GILTI, FDII, BEAT, foreign tax credits, and interest limitation rules.What We Offer:The opportunity to build a strong technical foundation in U.S. international and domestic corporate tax in a global, growth‑oriented environment.Exposure to a broad range of tax matters, including international compliance, tax accounting, forecasting, and domestic tax compliance.A collaborative team culture that supports learning, development, and career progression.A workplace that values diversity, inclusion, and the protection of personal data in accordance with applicable laws and Magna policies.Competitive compensation and benefits package.Site Benefits: Comprehensive medical, dental, and vision plans Retirement savings plan with company match.Paid time off, holidays, and other leave programs.Training and development opportunities, including support for professional certifications.Hybrid work – 3 days required in office.If you share the qualifications described above and are eager to grow your career in International Tax within a global organization, we encourage you to apply. Awareness, Unity, Empowerment:At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.AI-Assisted Screening DisclosureAs part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.Worker Type:Regular / PermanentGroup:Magna CorporateSummaryLocation: Troy, Michigan, USType: Full time