Deloitte Tax Senior (Transfer Pricing) in Chicago, Illinois
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And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Deloitte Tax LLP seeks a Tax Senior (Transfer Pricing) in Chicago, IL. Work You ll DoHelp companies understand national, state and local, and international tax structures and align the tax function with business objectives. Help develop transfer pricing strategies, audit defense, and documentation to cover the spectrum of transfer pricing issues. Work with other Ph.D. economists, attorneys, and tax specialists to analyze and resolve international tax and finance issues faced by multinational corporations. Provide assistance for multiple tax engagements including drafting transfer pricing planning and documentation reports, and offer expertise to provide multinational clients with professional economic analytical services. Research complex tax issues and ensure their resolution with the support of subordinate professional accountants. Utilize the latest technology and strategies to help clients work with complex and dynamic issues surrounding transfer pricing needs. Communicate financial and factual data to clients and draft reports in support of findings. Oversee the preparation and review of transfer pricing reports. Formulate tax planning strategies utilizing accounting methods and periods, capital transactions, corporate taxation, and IRS practice and procedures. Assist with determining the potential impact of such developments on client business. Devise and execute database searches for companies in the U.S. and foreign markets. Responsible for incorporating financial information into a standard financial model and conducting economic, financial and accounting analysis. Review and analyze financial statements and transfer pricing reports, utilizing sophisticated software to devise and perform vital industry research and financial analyses. Supervise the work of Tax Consultants including training on theoretical concepts and modeling related to financial economic analyses. #LI-DNI RequirementsBachelor's (or higher) degree in Economics, Finance, Business Administration, or related field (willing to accept foreign education equivalent).Eighteen months of experience preparing U.S. and foreign transfer pricing reports documenting intercompany transactions.Experience must include eighteen months of:Preparing strategic transfer pricing planning, intangible asset valuation and transfer, business model optimization, business restructuring planning, service cost allocation, audit defense and litigation support, and advance pricing agreement negotiations for various multinational companies;Leading technical aspects of the regulatory framework of transfer pricing documentation and consulting work within the following industries: apparel manufacturing; IT and software services; industrial goods manufacturing and distribution; consumer products manufacturing and distribution; automotive manufacturing and distribution; and medical devices manufacturing and distribution;Analyzing U.S. intangibles and cost-sharing regulations and their OECD counterparts, and understanding and applying new regulatory principles and guidelines under OECD's Base Erosion and Profit Shifting (BEPS) initiative;Drafting transfer pricing reports for multi-lateral Advance Pricing Agreements, Business Model Optimization, and global tax compliance in accordance with IRC 482 and OECD guidelines;Utilizing tax research tools including BNA and LexisNexis, transfer pricing databases, including Compustat, Bureau van Dijk, Recap, RoyaltyStat, Osiris, S&P Capital IQ, Amadeus, and Thomson Reuter's ONESOURCE and statistical software, including MS Excel and STATA programs designed to conduct transfer pricing analysis;Utilizing the Bloomberg Terminal to perform interest rate swaps, foreign currency swaps, intercompany loan pricing, and calculation of de-levered discount rates to conduct intercompany transfer pricing analysis;Preparing country-by-country reports, functional modules, Masterfile to document client's global business structure, and the functional and risk related information;Performing quarterly ASC 740 reviews on transfer pricing reserves, and preparing audit and reviewing workpapers and memos; andUtilizing economic modeling methods, including discounted cash flow, realistic alternatives method, income method, residual profits method, and services costs method, in the U.S. transfer pricing regulations under IRC 482 and their OECD counterparts, to perform valuation of intangible/tangible asset valuation as it relates to transfer pricing. 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