Lead - US Federal Income Tax Specialist

Lead - US Federal Income Tax

3M has a long-standing reputation as a company committed to innovation. We provide the freedom to explore and encourage curiosity and creativity. We gain new insight from diverse thinking, and take risks on new ideas. Here, you can apply your talent in bold ways that matter.

Job Description:

Job Title:   Lead -US Federal Income Tax

Collaborate with Innovative 3Mers Around the World

Choosing where to start and grow your career has a major impact on your professional and personal life, so it’s equally important you know that the company that you choose to work at, and its leaders, will support and guide you. With a wide variety of people, global locations, technologies and products, 3M is a place where you can collaborate with other curious, creative 3Mers.

The Impact You’ll Make in this Role

As a Lead – US Federal Income Tax, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative people around the world. Here, you will make an impact by:

• Preparing and reviewing U.S federal income tax return calculations, including earnings & profits (E&P), foreign tax credits, NCTI, FDII, stock basis, and various book-to-tax adjustments.
• Preparing and reviewing various U.S. return fillings such as 1120 forms and attachments, 5471s, 8858s, and country-by-country reporting (CBCR).
• Analysing financial data, workpapers, and supporting schedules to identify variances, ensure completeness, and validate for accuracy. 
• Partnering with Global Tax and Finance to gather information to calculate and support U.S. federal tax provisions and U.S. federal income tax returns.
• Preparing quarterly and annual income tax provisions in accordance with ASC 740. Analysing deferred tax assets and liabilities, uncertain tax positions, and effective tax rate drivers.
• Supporting IRS audit requests and internal reviews by providing well-documented, accurate data and analysis & preparing account reconciliations.
• Contributing to continuous improvement efforts, including automation opportunities and enhancements to documentation

Your Skills and Expertise 

To set you up for success in this role from day one, 3M requires (at a minimum) the following qualifications:

• Bachelor's degree or higher in Accounting, Finance or a related field
• Professional certification such as CPA/CA/CMA/CIA/ACCA/CISA
• At least 8 -10 years of work experience in tax including experience in U.S. federal income tax returns including U.S. international components
• Proficiency with tax compliance software (e.g. Corptax, OneSource, or similar)

Additional qualifications that could help you succeed even further in this role include:

• Knowledge of tax accounting under U.S. GAAP
• Proficient in MS Excel and significant knowledge of SAP
• Advanced proficiency in English & good oral/written communication skills.

Work Location: Hebbal, Bangalore (Karnataka)

Mode of Working: Hybrid

Supporting Your Well-being

3M offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, 3M regularly benchmarks with other companies that are comparable in size and scope.

Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Instagram, Facebook, and LinkedIn @3M.Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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Experience Level

Senior Level