US Tax Accounting Sr Expert

at  Bayer

US TAX ACCOUNTING SR EXPERT

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• Manage and oversee the company´s 1042 withholding tax process, ensuring compliance with IRS regulations
• Lead the preparation and filing of form 1042, 1042-S, and related form including the validation of vendor and payment data.
• Ensure accurate withholding and reporting based on applicable tax treaties and IRS thresholds.
• Collaborate with finance, intercompany, S2P, Local, and treasury teams to ensure proper documentation and processes for withholding foreign tax.
• Implement and maintain robust controls to mitigate risks associated with 1042 foreign withholding tax.
• Manage the preparation, data gathering, inputs of federal, state direct taxes for company reporting on corporate income tax.
• Coordinate with external partners to ensure accurate and timely tax reporting completion.
• Monitor changes in tax legislation and regulations, ensuring the company´s tax processes are compliant and optimized.
• Analyze tax implications of business transactions and provide recommendations on process improvements, automatizations or changes.
• Lead as the GBS liaison in tax audits related to the foreign withholding or direct tax and work with third parties and local.
• Lead process improvements initiatives to enhance the efficiency and accuracy of tax reporting and compliance processes.
• Provide guidance and leadership on the review of transaction data and if required correction process.
• Overview, guidance and support on the data collection, consolidation, import and analysis for the preparation of federal 1042 and corporate reporting on the according periodicity.
• Monitor legislative changes assess their impact on the company and provide guidance of adjustments required on processes or on current configurations.
• Capacity to identify, explain, evaluate complex or misleading tax situations and implement mitigation plans and raise to stakeholders when required.
• Develop and implement standardization and automation of tax of tax process.
• Review and validation of previous reporting data and ensure a compliant correction process if required.
• Overview on returns submission, and payment on time.
• Manage and address tax notices and information requirement from tax authorities.
• Review and validate tax accounting activities according to the activity split with the country, monitoring and clearing, and ensure the compliance with Bayer controls and policies.
• Identify process improvement needs and align with CoE / GPO organization.
• Manage and support continuous process improvements (cross-functional alignments, automation & data analytics), prepare, and conduct respective trainings.
• Support tax teams for technical and/or process related questions.
• Participation and leading role in cross department assignments within GBS for process related topics.
• Distribute and coordinate tax requirements with other process areas.
• GPO project support (e.g., transitions).
• Monitor key process metrics that measure performance, Service Level Agreement (SLA) and benchmarks targets across GBS locations.
• Use and train data analytics based on state-of-the-art technologies to analyze financial data to ensure data and tax compliance quality.
• Manage knowledge by guiding, documenting, and training Bayer´s process, activity split, IT enabler, workflow, and control standards across GBS locations to ensure that all locations act consistently.
• Manage tax tools and demands.