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Federal Tax Manager

Old World Industries, LLC Northbrook, IL
  • Posted: over a month ago
  • Full-Time
  • Benefits: Vision, Medical, Life Insurance, 401k, Dental

POSITION PURPOSE/Company Summary: Key member of tax team that ensures the company meets income tax reporting requirements. The position will be responsible for federal income tax compliance (U.S. and international), IRS audits, and helping the tax team identify and implement tax savings opportunities. This individual will also be responsible for work related to the shareholders.

Old World Industries is a diversified Company that is engaged in developing, manufacturing and marketing a wide-variety of products and services in the automotive, consumer and service industries. For additional Company information, please visit our website www.owi.com.

DUTIES, TASKS AND RESPONSIBILITIES:

  • Review U.S. income tax returns for a variety of entities including S Corporations, Partnerships, and Disregarded LLCs.
  • Review international tax forms including Forms 5471, 8858, and FBARs.
  • Perform research and analysis of international tax implications including GILTI, Section 965, Subpart F, Sec. 987, foreign-sourced income, and check-the-box elections.
  • Review quarterly tax projections.
  • Review year-end accounting requirements, such as provisions, ASC 740 (FKA FIN 48), and deferreds.
  • Work with various personnel in finance to gather IC-DISC data.
  • Leads IRS audits.
  • Work with shareholders on quarterly tax estimates and distributions
  • Work with business units to accumulate information required for quarterly and annual tax compliance.
  • Responsible for maintaining and supporting the Dept’s OneSource and Sage software systems.
  • Develop policies and procedures to streamline workpapers.
  • Work with IT to implement fixed asset conversion.
  • Help identify, research, and implement tax savings opportunities.
  • Identify and implement changes in income tax laws, rules and regulations.
  • Oversee, train, and mentor tax staff

DIRECT REPORTS: Income Tax Staff

WORK RELATIONSHIPS:

Internal: Finance Department, shareholders, and other company representatives

External: Outside Service Providers

SKILLS, KNOWLEDGE AND ABILITIES:

  • Bachelors in Accounting required.
  • CPA preferred.
  • 10+ years of federal tax experience.
  • Public accounting firm experience preferred.
  • Ability to work independently and be detail-oriented.
  • Good interpersonal, written and verbal communication skills.
  • Good computer skills.
  • Knowledge of tax preparation software (ONESOURCE/Gosytems) required.
  • Knowledge of fixed asset software (FAS/Sage Fixed Assets) preferred.

Old World Industries, LLC

Why Work Here?

Great work environment, benefits and career growth.

Old World Industries – an established Chicago based entrepreneurial company is completely transforming itself to be a multi-billion dollar global corporation. Led by flagship brands PEAK®, BlueDEF® and Herculiner®, Old World Industries (OWI) has transformed itself from a small chemical trading company into a global powerhouse in the automotive, chemical, and agricultural industries, with global footprint in over 55 countries. For over 40 years, OWI has delivered against the vision of its Founders, Tom Hurvis and Riaz Waraich, namely to keep commitments to strategic partners and by investing in its people, brands, products and technology. This has enabled OWI to be a leader in multiple industries: #1 Antifreeze/Coolant supplier in North America #1 Diesel Exhaust Fluid (DEF) in North America #2 Automotive Lighting supplier in North America OWI is now undergoing a major transformation to further accelerate growth and be a multi-billion dollar global corporation. To support this significant growth, we recently moved to a new state-of-the-art Headquarters in Northbrook, Illinois. Our new location is easily accessible from train stations as well as the highway and boasts a mix of open seating floor plans, informal work areas and meeting rooms. Additional amenities include multiple cafes, free on-site health-club for employees, walking/running trails as well as a subsidized cafeteria. OWI offers very competitive compensation packages and rich benefit offerings to meet the diverse needs of our employees. Join this exciting company that is growing and as a private family company still provides a family culture with an innovative spirit in which you can thrive and make a difference!

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