Senior Tax Accountant - Operating Unit Tax Planning (USA/Remote Option)
Preference is for the position to work hybrid - onsite 3 days per week at the Medtronic Operational Headquarters in Fridley Minnesota; however, if the candidate resides outside of the greater Twin Cities metropolitan area, position can be remote in the United States.
This position supports the Operating Unit (“OU”) Tax Planning team focusing on federal and international income tax issues specific to the various Operating Units (“OUs”) primarily within the Neuroscience Portfolio as well as supporting the tax forecasting process. This position will provide exposure to a broad range of tax topics as well as the ability to collaborate with colleagues in the wider Tax Department, the Neuroscience Portfolio, OUs, and Corporate Functions throughout Medtronic. The primary roles of this position will be to support tax planning initiatives related to the primary OUs, prepare calculations supporting business initiatives, prepare forecasts for certain OU operations, and respond to tax audit inquiries. In addition, there may be opportunities to support non-primary OUs. This position will report to the Director of OU Tax Planning responsible for the Neuroscience Portfolio.
We believe that when people from different cultures, genders, and points of view come together, innovation is the result — and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive.
Responsibilities may include the following and other duties may be assigned.
• Develop a solid understanding of all Neuroscience OUs, including significant products, organization structure, location of key operations, supply chains and legal entity structure.
• Understand all the OUs tax planning strategies and support any changes to those strategies in close collaboration with the Director and other tax department members.
• Prepare quarterly forecast calculations for multiple OUs across multiple jurisdictions. This position will require interacting and working closely with the OU and corporate finance teams to update tax forecasts for actual results and updated business projections and to ensure forecast reflects the organization's long-term business objectives.
• At the direction of the Director support tax analysis related to the significant OU led initiatives, including manufacturing, supply chain changes and integrations, to determine how they impact current tax planning strategies and/or evaluate for potential new tax planning opportunities as well as tax risk mitigation planning.
• Work closely with other tax department groups, especially the transfer pricing and regional tax teams, to maintain and defend tax strategies related to each OU.
• Assist the Director with various federal, state, international, and indirect tax issues related to operational changes in the OUs including, but not limited to, manufacturing site transfers, intellectual property matters, integrations, and supply chain issues.
• Collaborate with other tax department members to be able to address needs, risks, and opportunities related to each of the OUs.
• Collaborate with other tax department members to address changes in tax compliance, audit examinations, or other processes that will impact each OU as they arise.
• Support Regional Tax & Tax Audit by assisting with responses to International, Federal and State Audit IDRs and proposed adjustments, as well as supporting responses on appeals and litigation related business unit tax matters.
• Assist other OU Tax Directors on various tax projects, as needed and to the extent workload allows.
• Assist the Income Tax Accounting, Tax Planning, Tax Audit, Tax Compliance, Regional Tax and Transfer Pricing teams on various requests.
• Become proficient at extrapolating information out of the financial accounting systems (primarily SAP & Hyperion/CXF/CMR).
• Identify areas of improvement and work towards optimization, innovation, and improvements of current processes
Nice to Have
• Bachelor’s Degree in Business Administration, Finance, or Accounting, or an advanced degree with comparable emphasis in business, accounting, or taxation
• Certified Public Accountant (CPA), Masters in Tax
or other advanced taxation degree
• Strong PC Skills, including Excel and financial accounting systems (SAP, Hyperion)
• Strong oral and written skills
• Attention to detail and excellent organizational skills
• Good decision making and problem-solving skills
• Strong analytical skills related to finance and operating situations, along with the ability to perform detailed work
• Flexible - able to adjust to changing priorities
• Ability to grow by assuming an increased level of responsibility
• Ability to work effectively within a matrix organization
• Positive attitude and ability to adapt to change
About Medtronic
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.
Physical Job Requirements
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, recruiter or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)
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. Learn more about our benefits here.
This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) on page 6 here.
The provided base salary range is used nationally (except in certain CA locations). The rate offered is compliant with federal/local regulations and may vary by experience, certification/education, market conditions, location, etc.
