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Sr. Tax Analyst, Federal & State

Date:  Mar 5, 2023
Req ID:  828

Somerset, NJ, US

Company:  Terumo Americas Holding, Inc.
Department:  TAH Tax

Terumo Medical Corporation (TMC) develops, manufactures, and markets a complete, solutions-based portfolio of high-quality medical devices used in a broad range of applications for numerous areas of the healthcare industry. TMC places a premium on providing customers with world-class products, training and education programs that drive clear economic value, better clinical outcomes and improved quality of life for patients. TMC is part of Tokyo-based Terumo Corporation; one of the world’s leading medical device manufacturers with $5+ billion in sales, 20,000+ employees worldwide and operations in more than 160 nations. Terumo Medical Corporation is comprised of two strategic business divisions: Terumo Interventional Systems and Terumo Medical Products.

Job Summary

The Senior Tax Analyst - Federal & State will work with the Tax Manager and the Group Tax Director of Terumo Americas Holding and its subsidiaries to manage the preparation and filing of consolidated Federal income tax return and State Tax returns, preparation of quarterly estimates and extension, as well as preparation of consolidated income tax provision in accordance with ASC 740 (formerly known as FAS 109/FIN48) for TAH Group. S/he will prepare formal responses to correspondence received from various state tax authorities and assemble data in preparation for state audits. S/he will research and analyze Nexus regulations and methodologies of filing positions.

Job Details/Responsibilities

  • Responsible for the income tax provision process and ensure timely, accurate compliance with all aspects of ASC 740 reporting, including calculation of U.S. income tax provision, analysis of foreign income tax provision each foreign location, and Sarbanes-Oxley compliance requirements. Manage the adequacy of tax account reconciliations and roll-forward analysis.
  • Analyze uncertain tax positions under IFRS 23 and maintain appropriate documentation.
  • Responsible for federal and state income tax return preparation, including federal proforma return of assigned subsidiaries, state income tax returns, and prepare the quarterly estimated tax payments and extension calculation.
  • Support the overall software maintenance of tax compliance systems (OneSource), mapping and configuration, and troubleshooting escalated matters with software vendors 
  • Actively participate in federal and state income tax audits, and respond to IRS and other tax authorities’ inquiries when requested
  • Work with managers and director on various special projects such as research tax credit study, financial analysis of intercompany transactions, acquisitions, etc.  
  • Research and Analysis of Nexus Regulations and Methodologies for Filing Returns
  • Maintain State and Local taxation matrix for all Group subsidiaries
  • Research and conclude upon nexus attributes of all Group companies, working with outside tax consultants where necessary
  • Responsible for analyzing and identifying State filing methodologies (i.e. separate, combined, unitary) – where optional elections exist, responsible for analyzing most beneficial method  
  • Collaborate with the Tax team as required on corporate taxation and other tax matters. 

Knowledge, Skills and Abilities (KSA)

  • Ability to work independently with limited supervision
  • Ability to deal effectively with external tax consultants & advisors
  • Interpersonal skills to deal with accounting managers and staff within Group Companies and secure cooperation
  • Financial acumen to identify tax strategies and deductions available to minimize company’s tax burden in accordance with applicable laws
  • Strong communication skills – both verbal and written 
  • Excellent analytical and problem-solving skills 


Qualifications/ Background Experiences

  • Bachelor’s in Finance or Accounting required, CPA preferred 
  • Tax Professional with minimum 5 years in corporate taxation of a mid to large sized diversified company with multiple subsidiaries operating in the majority of the 50 states (mix of Big 4 and corporate experience preferred)  
  • Must be proficient in Microsoft Excel, Word, PowerPoint, and Outlook
  • Familiarity with tax compliance/reporting and tax depreciation software
  • Familiarity with OneSource Tax Compliance Software
  • Experience working with numerous subsidiary accounting and finance departments and establishing relationships is critical.

It is Terumo’s policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As a Company, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment.

Nearest Major Market: New Jersey