Tax Associate, International/Federal

Magna International • Troy, MI

4d • Hybrid

About The Position

The International/Federal Tax Associate will be a key member of Magna’s U.S. Tax Team, with a primary focus on U.S. international tax compliance and reporting and additional responsibilities supporting U.S. federal and state income tax compliance and provision. Reporting to the International Tax Manager, you will help prepare and review data for U.S. international tax returns, assist with quarterly and annual tax provision (ASC 740) for foreign and domestic operations, and support forecasting, budgeting, and various international tax projects. This is an excellent opportunity to develop a strong technical foundation in U.S. international tax within a global, fast‑paced environment.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2 - 4 years of relevant tax experience in public accounting and/or a corporate tax department (internship experience will be considered).
• Foundational understanding of U.S. corporate income tax principles; basic familiarity with U.S. international tax concepts preferred.
• Basic understanding of ASC 740 income tax accounting concepts (coursework or limited work experience acceptable).
• Strong analytical and problem-solving skills with high attention to detail and accuracy.
• Proficiency with Microsoft Excel and the Microsoft Office Suite.
• Strong written and verbal communication skills, including the ability to document work clearly and concisely.
• Ability to manage multiple assignments and meet deadlines in a fast-paced environment.
• Demonstrated ability to work both independently and as part of a team.
• High level of integrity, initiative, and a continuous improvement mindset.

Nice To Haves

• Masters’ degree in Taxation or related field
• CPA (Certified Public Accountant) certification or progress toward CPA license
• Prior exposure to U.S. international tax (e.g., coursework focused on international tax, prior internship or full-time role with international compliance or provision).
• Experience with: OneSource income tax software (compliance and/or provision modules).
• OneStream or other financial consolidation/reporting tools.
• Data analytics or visualization tools (e.g., Alteryx, Power BI).
• Familiarity with U.S. international tax rules such as E&P, Subpart F, GILTI, FDII, BEAT, foreign tax credits, and interest limitation rules.

Responsibilities

• Assist with the preparation of U.S. international tax filings using OneSource, including: Forms 5471, 5472, 8858, 8865, 8990–8993, 1042, 1120F and related statements and disclosures.
• Gather, validate, and organize financial and tax data from global business units and shared service centers to support: Earnings & profits (E&P), GILTI, FDII, BEAT, foreign tax credits, interest limitations, and other U.S. international tax calculations.
• Support the quarterly and annual international tax provision process under ASC 740, including: Preparation of work papers for foreign income and tax, and related deferred tax items.
• Assisting with documentation and support for uncertain tax positions (FIN 48) and APB 23 assertions under supervision.
• Assist with international tax forecasting and budgeting by preparing schedules, updating models with current data, and reconciling variances.
• Maintain organized, audit ready workpapers to support international tax return positions and provision calculations.
• Perform preliminary U.S. international tax research (e.g., Subpart F, GILTI, foreign tax credits, interest limitation rules, treaties) and summarize results for review.
• Monitor changes in U.S. international tax law and help update internal documentation, workpapers, and processes as needed.
• Assist with responses to inquiries from tax authorities by gathering documentation, preparing schedules, and supporting audit responses under supervision.
• Support initiatives to improve tax processes, including: Identifying opportunities to streamline data gathering and calculations.
• Helping to leverage technology tools such as OneSource, OneStream, and, where applicable, data analytics or visualization tools.
• Assist with the preparation of U.S. federal and state corporate income/franchise tax returns, including: Data collection from business units and preparation of supporting schedules for the consolidated U.S. federal and state returns.
• Support for fixed assets, apportionment, and book to tax difference calculations.
• Assist with the preparation of federal and state estimated tax payments and extensions, including supporting work papers and reconciliations.
• Support the quarterly and annual ASC 740 tax provision process for U.S. operations by: Preparing account reconciliations and accrual to return adjustments.
• Assisting with schedules for deferred tax assets and liabilities and tax footnote disclosures.

Benefits

• Competitive compensation and benefits package.
• Comprehensive medical, dental, and vision plans
• Retirement savings plan with company match.
• Paid time off, holidays, and other leave programs.
• Training and development opportunities, including support for professional certifications.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level