Tax Counsel

About ITT:

ITT is a leading manufacturer of critical components for harsh environments that serves fast-growing end markets in flow, aerospace and defense, energy and transportation. Building on our heritage of innovation, we partner with our customers to deliver solutions to the key industries that underpin our modern way of life.Headquartered in Stamford, CT, we have more than 11,700 employees globally with operations in ~40 countries and sales in more than 125. At our core is our engineering DNA, with 1,280+ engineers, 1,700+ active global patents and ~51 manufacturing locations.

Our businesses are organized in three distinct segments, each based around our core engineering DNA: 

Industrial Process: A global leader in centrifugal and twin-screw pumps and engineered valves for chemical, energy, mining, and industrial applications. Our leading brands include the iconic Goulds Pumps (with more than 175 years of history), Bornemann, Habonim, Engineered Valves, Rheinhütte Pumpen and Svanehøj. 

Motion Technologies: A global leader in brake pads (ICE and electrified brake pads) and shock absorbers (energy absorption solutions) for transportation applications. Our leading brands include Friction Technologies, KONI and Axtone.

Connect and Control Technologies: A leader in critical applications for the aerospace, defense and industrial markets, including harsh environment connectors and control components. Our leading brands include ITT Cannon, Enidine, Aerospace Controls and kSARIA. 

Position Summary

We are a dynamic tax department that plays a critical role in shaping business strategy, managing tax risks, and driving efficient structures that support business expansion. The ITT tax team partners closely with Treasury, Accounting, Finance, Legal, and ITT’s value centers to manage the company’s corporate tax matters. This role will support the company’s global tax planning efforts and provide strategic tax advice on corporate restructuring and M&A activities.

Essential Responsibilities

• Support tax counsel and tax department on key transactions and planning strategies. Assist with plan development, US and local tax analysis, documentation, implementation, cross-functional coordination, and ensuring strategy is reported.
• Assist with fast-paced M&A transactions including supporting tax due diligence, acquisition structuring and financing, and legal document review.
• Support global cash redeployment process by teaming with treasury, accounting and finance. Solid understanding of US international tax rules on corporate distributions. General familiarity with foreign tax rules and regulatory requirements.
• Support all aspects of corporate transfer pricing process including drafting legal agreements, documentation and audit defense. Familiarity with US and OECD transfer pricing principles.
• Support tax department on quarterly tax provision process. Collaborate with tax team to ensure planning strategies are appropriately reported.
• Support legal teams on corporate ministerial process for tax sensitive entities.
• Tax technical analysis, research, and scenario modeling. Staying on top of tax law developments and providing relevant updates.
• Support tax compliance process, including preparing GRAs, statements, workpapers and forms related to transactions.
• Any additional projects and duties as required / assigned.

Position Requirements

• CPA or JD, LLM in Tax a plus.
• 3 – 5 years of relevant experience at Big 4, law firm, or in a comparable in-house role.
• Highly motivated self-starter who takes ownership, follows through, and seeks out learning / development opportunities.
• Proven project management skills with experience managing competing priorities.
• Strong tax analytical skills. Ability to issue spot and apply tax technical concepts to complex transactions and structures.
• An understanding of US and international tax rules, including corporate taxation, reorganizations, foreign tax credit, GILTI / NCTI, Subpart F, 482 principles and methodology, Pillar 2, Subchapter K.
• Strong attention to detail. Experience with drafting and reviewing legal agreements.
• Familiarity with tax research and resources.
• Strong written and verbal communication skills.
• A team player who is able to collaborate and build cross-functional relationships.
• Working knowledge of accounting for income taxes a plus.

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