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Established in 1806 as a small soap and candle business in New York City, Colgate-Palmolive is now a truly global company with products sold in over 200 countries and territories under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, Haci Sakir, Suavitel, PCA SKIN, EltaMD, Filorga and Hello as well as Hill's Science Diet and Hill's Prescription Diet.

Colgate-Palmolive is a leading consumer products company that serves hundreds of millions of consumers worldwide with brands and products across four core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. We are committed to offering products that make lives healthier and more enjoyable, and programs that enrich communities around the world.

Every day millions of people trust our products to care for themselves and the ones they love. Our goal is to use our technology to create products that will continue to improve the quality of life for our consumers wherever they live.

A career at Colgate-Palmolive is an excellent opportunity if you seek a global experience, constant challenge, and development opportunities in an environment that respects work/life effectiveness.

Job Title:  Director, International Tax Reporting

Travel Required?:  Travel - up to 10% of time
Date:  Feb 8, 2024
Hybrid

Relocation Assistance Offered Within Region
# 158269 - New York, New York, United States

Who We Are
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Pet Nutrition.

We are recognized for our leadership and innovation in promoting sustainability and community wellbeing, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving children’s oral health.

If you want to work for a company that lives by their values, then give your career a reason to smile and join our global team!

 

We are looking for a Director, International Tax Reporting to lead our organization in international tax compliance and forecasting. In this role, you will use automated technologies (Alteryx and ONESOURCE) to steer our company through the complexities of U.S. tax law and reporting.  Your focus will be on reviewing actual and projected net US tax costs associated with income earned by controlled foreign corporations, foreign branches, and foreign partnerships. You will work with team members across finance and international tax to ensure seamless, timely, efficient, and accurate tax reporting and compliance.

 

The ideal candidate will have an in-depth knowledge of U.S. international tax rules, and experience managing and implementing automated processes, and managing and developing a top-performing technical tax team. 


What you will do

  • Work with local finance teams to ensure timely submissions of information for foreign legal entities and review submissions for completeness
  • Review the consolidated calculation of foreign branches' income, CFC Subpart F and Global Intangible Low Taxed Income (GILTI), and Foreign Derived Intangible Income (FDII), earnings and profits and foreign tax credits for the US tax return and quarterly forecasts. The review will encompass a detailed review of complex international calculations, tax attributes, and effects of business developments and foreign currency fluctuations, identifying and communicating key drivers of variances affecting the tax cost
  • Review 861 expense allocation and apportionment workpapers
  • Lead the team to complete all US tax return reporting for foreign subsidiaries which include tax system processing, preparation and review of Forms 1120 (for foreign branches), 1118, 5471, 8858, 8865, 5713, 8992 and 8993
  • Manage Colgate’s global cash remittances, in coordination with Treasury and Regional tax COEs. Plan and communicate the level of dividends, monitor the payment of dividends, track and maintain previously tax earnings and profits,  compute the impact of foreign exchange gains and losses of remitted and unremitted earnings for US tax accounting  and US tax purposes
  • Work with the team on managing the Alteryx software to run workflows for international tax computations. Lead change and innovation, develop and implement automation and process improvement activities, including data standardization and analysis, through the utilization of existing and new technologies as well as work with our shared business service centers
  • Lead and develop a team, including training them in various compliance procedures and US tax technical analysis 
  • Educate cross-functional colleagues in tax concepts and issues relating to international tax compliance and reporting to foster strong relationships with business partners and functional area leaders 
  • Monitor international tax developments and work closely with Senior Tax Leaders on interpreting proposed and/or new tax legislation and rulings. Model and present the impact of law changes for US tax reporting purposes

 

Required Qualifications

  • Bachelor’s degree in Accounting
  • Minimum of 12 years of experience in International Tax compliance, with a minimum of 5 years in a Big Four public accounting firm 
  • In depth knowledge of U.S. tax provisions affecting international operations, including Subpart F, GILTI, FDII, Section 965, foreign tax credits, foreign exchange transactions, hyperinflation, and allocation and apportionment of expenses 
  • Ability to read and interpret the IRC, treasury regulations, and related authority documents
  • Experience managing automated processes and implementing automated solutions
  • Excellent communication and organization skills, as well as a strong attention to detail
  • Proven experience managing and developing people  
  • Readiness to travel 10% as needed

 

Preferred Qualifications 

  • Masters degree in Tax
  • Experience using ONESOURCE 
     


Compensation and Benefits
Salary Range $150,000.00 - $230,000.00 USD

Pay is based on multiple non-discriminatory, individualized factors including but not limited to experience, job-related knowledge and education, skills and office/market location. In addition to base salary, salaried employees are eligible for annual discretionary bonuses, profit-sharing and, for Executive-level (salary grade 16 and above) roles only, long-term incentives in the form of Restricted Stock Units and/or Stock Options.

Subject to the terms and conditions of the applicable benefits plans then in effect, all salaried employees are also eligible for a competitive benefits package which includes:

  • Insurance: Employees (and their eligible dependents) are eligible to participate in Company-sponsored Medical, Dental, Vision, Basic Life Insurance, Accidental Death & Dismemberment and Disability insurance plans.
  • Retirement Plans: Employees are eligible to enroll in Colgate's 401(k) plan, which provides for company matching contributions subject to eligibility requirements
  • Vacation/PTO: Employees receive a minimum of 15 days of vacation/PTO leave annually
  • Paid Holidays: Employees receive a minimum of 13 paid/floating holidays annually
  • Paid Sick Leave: Based on location and consistent with applicable state and local law, employees receive a minimum of 40 hours of paid sick leave on January 1st of each year
  • Paid Parental Leave: Eligible employees may take up to eight weeks of paid parental leave and 12 weeks of unpaid leave (varies for employees with fewer than 12 months of service and is subject to hours worked requirements)


Our Commitment to Sustainability
With the Colgate brand in more homes than any other, we are presented with great opportunities and new challenges as we work to integrate sustainability into all aspects of our business and create positive social impact. We are determined to position ourselves for further growth as we act on our 2025 Sustainability & Social Impact Strategy.

Our Commitment to Diversity, Equity & Inclusion
Achieving our purpose starts with our people — ensuring our workforce represents the people and communities we serve —and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please contact Application_Accommodation@colpal.com with the subject "Accommodation Request" should you require accommodation.

For additional Colgate terms and conditions, please click here.

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Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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