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What Tax contributes to Cardinal Health
Function: Finance -- Finance is responsible for the accounting, tax, financial plans and policies of the organization, establishing and maintaining fiscal controls, preparing and interpreting financial reports, oversight of financial systems, strategic decisions and support, and safeguarding the organization's assets.
Family: Tax -- Tax is responsible for the design, implementation and defense of tax strategies and positions. Records and reports tax expense in accordance with GAAP and SEC reporting requirements. Accountable for the tax due diligence of corporate transactions and preparation of tax compliance returns and reports.
- Demonstrates knowledge in broad area of tax principles, planning strategies and concepts.
- Develops and implements tax controversy strategies to address impact on all open years and impact on planned transactions.
- Analyzes transactions for areas of tax risk and opportunities.
- Demonstrates tax accounting knowledge of GAAP, non-US statutory reporting, non-US tax reporting and SEC tax recording and reporting requirements.
- Performs detailed tax research and analysis.
- Develops approaches to detect, resolve and properly report issues and transactions on tax returns.
- Partners with the business to improve tax efficiency of business planning and operations as well as tax compliance and financial reporting.
What is expected of you and others at this level
- Provides leadership and direction for multiple operational units or disciplines through Directors; may manage managers.
- Manages an organizational budget.
- Approves significant policies and procedures that will result in the achievement of organizational goals.
- Develops and implements functional and/or operational strategy.
- Decisions have a serious impact on overall success or failure on area of accountability and external stakeholders.
- Interacts with all levels of internal and/or external leaders.
- Influence senior level leaders regarding matters of significance.
This position will have primary responsibility for the development of U.S., cross border and international tax planning strategies including oversight and direction of transfer pricing strategies and defense of such planning through audit by tax authorities around the globe.
International Tax Controversy—Oversee all international controversy—U.S. international and non-U.S. (including indirect taxes). This will require close collaboration with regional finance personnel as well as personnel in shared services operations.
- Manage all aspects of U.S., cross border and local country tax controversy
- Manage all aspects of local country VAT tax controversy
- Direct international accounting personnel and finance personnel in region and in shared services centers who are maintaining and gathering supporting documents to respond to tax planning scenarios as well as for response to audit inquiries.
Cross-functional Business Partnering with Other CAH Stakeholders. The Global Tax planning and Controversy team will work cross-functionally within and outside of the tax department. The following is representative of the cross-functional interdependencies:
- Tax Planning & Research
- Involvement with execution of tax planning projects
- Initiation and collaboration on local country planning projects—both direct and indirect tax
- Support with modeling the impact of planning initiatives
- Internal Controls / SOP (Support function for the Tax Reporting Team)
- Manage International Tax Internal Controls related to tax planning and controversy
- Work directly with the Tax Reporting Team to ensure an effective control environment and to provide input on tax planning impacts on financial reporting and controls including assessment of changes in uncertain tax positions
- Business Partnering
- Frequent interaction/communications with Corporate Tax teams
- Frequent interaction/communications with Segment Accounting and finance teams
- Regular interaction/communications with regional HQ functional finance teams and with local country commercial leads
- Frequent interaction with Corporate Strategy and Development on M&A transactions, due diligence and structuring
- Transfer Pricing
- Lead the TP Team with development and implementation of transfer pricing policies and practices
- BEPS/OECD Regional Compliance & Reporting
- Defense of TP policies through audits by tax authorities
- Country by Country Reporting
- Masterfile / Local File
- Mid-year / Year-End Transfer Pricing Review & True-up for all international entities
- Input for creation of and maintenance of intercompany agreements (cross-functional collaboration with the both the tax planning team and the transfer pricing team)
- Coordination and Collaboration with Global Trade and Customs teams
- Tax Controversy
- Responsible for leading strategy for defense of tax planning and interface with the Internal Revenue Service and Tax Authorities around the world.
- Lead tax department in responding to income tax audit inquiries
- Work with subject matter experts within Tax, accounting or other teams to respond to audit inquiries
- Coordinate with Director State Taxation on State and Local audits
- Coordinate with Director of Global VAT on VAT matters and controversy
- Coordinate with VP Domestic Operations on impacts of audits on uncertain tax positions and use of team members to develop audit responses
- Monitoring of Tax Legislation and regulatory activity and assist in identification of proposals which could impact the Company and its tax position
- Bachelor’s Degree in Accounting preferred
- Master of Taxation, JD, CPA or equivalent experience preferred
- Minimum of 15 to 20 years of corporate tax experience. Preference for individual with Big 4 public accounting or law firm experience at senior manager, director or partner level or at the senior director level or equivalent experience in a publicly traded multi-national corporation
- Firm understanding of financial accounting practices and an In-depth knowledge of FAS109/ASC740 reporting standards
- Experience with M&A, including international tax issues and business integration experience on both the buy-side and sell-side
- Exceptional communication skills with ability to effectively disseminate information to others across the organization in a clear, easily understood manner
- Experience in managing large case IRS examinations and tax controversy with non-US jurisdictions
Cardinal Health is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.