Tax Accountant - Transfer Pricing

Tax Accountant - Transfer Pricing

Requisition 61667 Category Finance Business Corporate-US Headquarters Division Finance Location USA-MN-Mpls-Fridley Relocation Relocation eligibility to be determined Job Type Full Time - Regular Exempt/Non-Exempt Exempt Shift First Travel Percentage less than 10% Experience Required 2 years Education Required Bachelors Degree

Position Description

This position within Medtronic’s Corporate Tax team will assist with the shaping and implementation of Medtronic’s global transfer pricing policies.  This position is critical and requires working with Medtronic finance and country contacts to define the data in financial systems and transfer pricing policies needed to permit the accurate reporting of taxable income in each country.  Success in this position will result in accurate legal entity tax reporting of profits, reduced US and non-US penalty risk for incorrect taxable income reporting (material financial impact), and improved access to financial information to be used in global sourcing decisions.  Skills needed for success include strong analytical skills, forensic accounting and conceptual thinking.

Position Responsibilities

•  Gather and analyze financial information in support of  
 Medtronic’s global transfer pricing process.  The individual
in this position will have the opportunity to work with
 Corporate Finance management, business finance
 management, local country finance management, IT
 personnel and external consultants.  The main job
 responsibilities include:

 • Gathering of financial data needed for the annual transfer
pricing setting process and development of models for
setting transfer prices

 •  Monitoring margins of all sales offices, commissionaire,
 distributor/principals and manufacturers

 •  Implementation of mid-year transfer pricing adjustments,
 if necessary

 •  Analysis of year-end profitability

 •  Extraction and interpretation of financial information to
 support calculations for tax returns

•  Identification of cross-border intercompany transactions.

•  Assist with the completion of Medtronic’s global transfer
 pricing documentation by completing portions of the
 documentation.

•  Undertake other international tax projects as necessary,
including, but not limited to, assisting with gathering and
analyzing information needed for transfer pricing audits,
global planning related to new cross border intercompany
transactions and special projects related to restructuring,
acquisition and divestitures.

•  Assist in international income tax compliance and tax
planning projects as needed.

Basic Qualifications

Undergraduate degree in Accounting, Finance or Economics.

3+ years experience in Tax, Accounting and/or Auditing.

Some experience in Financial Analysis.

Some experience in Forensic accounting.

Desired/Preferred Qualifications

MBA or MBT
Law Degree

Excellent communication skills
Able to adapt to different cultures
Manage multiple priorities
Self-motivation
Continual monitoring of very large project

Physical Job Requirements

The physical demands described here 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.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to stand; walk; and use hands to finger, handle, or feel objects, tools, or controls.  The employee is occasionally required to reach with hands and arms.  The employee must occasionally lift and/or move up to 15 pounds.  Specific vision abilities required by this job involve normal vision.  The noise level in the work environment is usually quiet to moderate.