About Us: GE Global Operations is GE's multi-functional shared services organizations focused on delivering better outcomes at lower cost for our businesses and our customers. The strong partnership between Global Operations and GE Businesses creates a collaborative work culture and broadens best practice and industry knowledge sharing across the enabling functions. We believe that by keeping GE customers at the heart of everything we do, we will help GE work smarter, better and faster, allowing GE businesses to be more competitive in the global marketplace.
We are teams of functional process and domain experts, focused on the solutions that deliver results for the company. We think Big, we act as One, We deliver with Speed … so GE Works
Role Summary: The Global Operations Tax Team is a component of the Global Operations Finance Europe organisation. The Team is in charge to create CIT reports & returns, according to 31 Countries’ accounting principles for GE’s legal entities.
Be a stakeholder of the migration of the Income Tax process from Corporate Tax / Business to Global Ops Finance Support migration of Income Tax preparation process from Corporate Tax / Business to Global Ops Finance together with the R2R team – the CIT Expert will support to ensure the Tax Manager in migration plan and catching plan meet GE Income tax process
Prepare draft income tax provisions and draft income tax returns across a European country or group of countries, based on the predefined and documented part of the process owned by Global Operations Tax
Ensure correctness of the income tax calculations / returns by identifying potential errors, proposing and recording corrections for portion of the Income Tax process owned by Global Operations Tax
Identify opportunities and drive projects to improve Income Tax processes including partnering with R2R to implement changes to the upstream accounting processes or improve training to simplify and streamline the downstream Income Tax processes.
Support the country Income Tax team in cases of Income Tax
Prepare the monthly /quarterly ASC 740 process, including use of tax provisioning tools, preparation and review of quarterly ETR’s and assist Corporate Tax Teams, Business Tax Teams and Global Tax Controller with quarterly reporting requirements such as balance sheet analysis, NOL C/F balances, Fin 48, audit tracker etc.
Prepare annual return to accrual analysis. Examine and evaluate deferred tax and current tax payable balances in accordance with GE GAP and GE MAP.
Review and analyze tax reserves.
Bachelor’s degree or equivalent
Written and verbal fluency in English
Significant income tax experience in major accounting firm or large multinational supporting at least 1 European country
Strong expertise in current and deferred income tax accounting processes and income tax compliance within Europe
Excellent communication – proven ability to develop strong professional relationship with auditors, corporate tax, corporate VAT and accounting teams
Strong analytical skills & ability to discuss technical issues with local/regional business controllers, country Stat & Tax leader, local Corporate Tax Leaders and KPMG/auditors where necessary,
Comfortable delivering against quantitative and qualitative performance metrics
Local tax qualification
Additional foreign European language skills
Ability to manage multiple priorities/projects
Successful applicant will be legally eligible to enter into an employment relationship under the laws of Hungary
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