Tax Senior

About ITT:

ITT Inc. (NYSE: ITT) is a diversified global leading manufacturer of highly engineered critical components and customized technology solutions serving the flow, aerospace and defense, transportation, industrial, and energy markets. Through operational execution, innovation, and disciplined capital deployment, including strategic acquisitions such as SPX FLOW, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. 

Headquartered in Stamford, Connecticut, ITT has a market cap of roughly $20 billion and employs more than 15,000 people across 40 countries and serves customers in approximately 125 countries. Following the acquisition of SPX FLOW, the company is expected to generate $5.4 billion in annual revenue.

 

Our businesses are organized in three distinct segments, each based around our core engineering DNA: 

 

Flow Technologies: A global leader in, providing a broad portfolio of pumps, valves, mixing and agitation equipment, heat transfer, homogenizers, separation, water and wastewater treatment, and engineered process solutions.Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Anhydro, APV, Bornemann, Bran+Luebbe, C’treat, Engineered Valves, Gerstenberg Schröder, Habonim, Johnson Pump, Lightnin, Philadelphia, Plenty, PRO Cast, Rheinhütte, Seital Separation, Stelzer, Svanehøj, Tigerholm, Uutechnic, VIDAR, Waukesha Cherry-Burrell.

 

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

 

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 

Position Summary

The Tax Senior will focus on ASC-740, income tax provision work and will assist in other aspects of the tax life cycle: tax compliance, audit defense and tax planning. The ideal candidate has a strong background in income tax provision and will assist with a wide variety of tax matters, including US and non-US tax provisions, Federal and State tax compliance, State tax audits, US and global tax planning and special projects. Strong writing and communication skills are critical to success in this role.

Essential Responsibilities

• Assist the Director of Tax Reporting in quarterly and year-end close processes, including downloading and tying out pre-tax income by jurisdiction, loading and reviewing permanent and temporary book-tax differences, reconciling consolidated tax accounts, tracking of deferred tax assets and liabilities, tax attributes, tax payables/receivables, prepaid and accrued tax accounts, etc. • Assist the Director of Tax Reporting with consolidated account reconciliation, following up with the field units on discrepancies between OneStream accounts and local ledgers. This position will also be responsible for reviewing the tax provisions for assigned entities in various foreign jurisdictions. • Position will also be responsible for preparing tax accounting journal entries and overseeing timely completion of tax controls. • Monitor changes in U.S. and international tax law and accounting guidance and assist in evaluating and documenting their impact on the Company’s income tax provision and disclosures.• Assist with the preparation and review of income tax footnote disclosures and other tax-related financial statement disclosures.• Experience in accounting for income taxes is required, including Federal and State tax provisions. Experience with foreign provision is preferred, but not required.• Experience with OneStream (“OS”) and OS Tax Reporting Package is preferred, but not required. • Manage quarterly and annual Tax Controls for FAS 740 purposes including updates to UTP analysis and inventory. Run quarterly interest calculations on UTP balances. Update and maintain current and deferred tax rates in tax provision software. • Review Federal and State tax return filings for the ITT consolidated group. Solid experience in the quantitative aspects of taxation, including Permanent and Temporary book-tax differences, depreciation, tax credits, and similar other quantitative aspects.• Respond to State audits, IDRs, desk notices, inquiries, etc.• Assist with quarterly Federal and State tax estimates and extensions calculations. Process Federal and State and Local tax payments including providing Cash tax forecast information to Treasury team.• Work with internal and external advisors to evalua