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What we offer:Job Responsibilities:
About the Role: The Tax Associate – Federal/State will assist Tax Managers and other department personnel with all aspects of U.S. Federal, multi-state income and franchise tax return compliance, accounting for income taxes, and special projects.
Your Responsibilities:
- Assist with data collection and the preparation of tax returns, including fixed assets, apportionment and calculating book/tax differences.
- Prepare estimated tax calculations, account reconciliations, accrual to return adjustments, special projects and handle other duties as assigned.
- Conduct tax research and assist in planning initiatives pertaining to Federal, State and Local income and franchise taxes.
- Prepare quarterly and annual ASC 740 income tax provisions including deferred tax analysis, FIN 48 analysis, SOX compliance, related account reconciliations and financial statement disclosures as appropriate.
- Support the tax audit function through preparation of audit-ready tax workpapers and provide other assistance as required.
- Assist in maintaining appropriate internal controls over tax accounts and all aspects of the tax function.
- Identify and implement improvements to tax department processes to increase efficiencies and reduce risk.
- Responsible for working within time constraints, meeting deadlines, and providing timely updates to Supervisors on project status.
- Demonstrate initiative by seeking opportunities and undertaking efforts to improve the tax department work product and services, learn the business, and build positive and productive working relationships with colleagues in other functional areas of the organization.
Who we are looking for:
- Bachelor’s Degree in Accounting required.
- Academic and working knowledge of general US tax principals and ASC 740, including FIN48.
- Proficiency with OneSource tax software, Checkpoint, Microsoft Office, and OneStream.
- Strong analytical and problem-solving capabilities.
- Strong communication and interpersonal skills.
- Detail oriented with strong organizational skills.
- Ability to work effectively under pressure and manage multiple projects in time-constrained environment.
Your Preferred Qualifications:
- Masters’ degree in Taxation
- 2-3+ years of related experience
- CPA (Certified Public Accountant)
- Working experience with analytical/visualization applications (Alteryx, PowerBI)
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.
Site Benefits:
- Comprehensive medical, dental, and vision plans
- 401 (k) plans with employer matching
- An extensive training program and exciting internal development opportunities
- Cafe
- Motorcycle and electric vehicle pa
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 Disclosure
As 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.
Skills Required
- Bachelor's degree in Accounting
- Knowledge of U.S. tax principles and ASC 740, including FIN 48
- Proficiency with OneSource tax software, Checkpoint, Microsoft Office, and OneStream
- Strong analytical and problem-solving capabilities
- Strong communication and interpersonal skills
- Detail-oriented with strong organizational skills
- Ability to work under pressure and manage multiple projects in a time-constrained environment
- Master's degree in Taxation
- 2-3+ years of related experience
- CPA certification
- Experience with Alteryx or Power BI
What the Team is Saying
Magna International Compensation & Benefits Highlights
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Healthcare Strength — Healthcare coverage is often viewed as comprehensive, including medical, dental, vision, and related protections. Feedback suggests the quality of the core health plans is a standout element of the package.
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Retirement Support — The 401(k) with company match and profit-sharing components are frequently highlighted as strengths. Feedback suggests retirement offerings are a reliable pillar of total rewards across many locations.
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Strong & Reliable Incentives — Profit sharing and performance or attendance bonuses are commonly referenced as part of overall pay. Feedback suggests these incentives materially contribute to perceived compensation value.
Magna International Insights
What We Do
We are a mobility company that innovates like a start-up and thinks like a technology company. This helps us anticipate change in one of the most complex industries in the world and respond quickly. We depend on a team of 171,000 dynamic, entrepreneurial-minded employees in an environment where great ideas flourish. Our presence spans 343 manufacturing operations and 88 product development, engineering and sales centers in 29 countries. We understand that you need a career as unique as you are. Whether you want to advance your existing expertise or try something completely different, we are committed to your growth.
Why Work With Us
At Magna, our engineering team is advancing mobility for everyone and everything. Joining this team means being a part of the design, development, and manufacturing of the world’s most advanced mobility technology. Innovations that move families, shape communities, and improve lives. You can follow your passions and shape your own career path.
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Magna International Teams
Magna International Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Majority of roles are hybrid with flexibility. Please speak with our recruiting team for specific details on hybrid work.
