Director, Tax Planning in Cleveland, Ohio at Danaher

Date Posted: 1/24/2018

Job Snapshot

Job Description

Job ID: COR000880

About Us

Our culture is values-based, customer-centric, process-oriented, and results-driven.  At Danaher, all associates must act with integrity and conduct business honestly and fairly. We have five core values that continuously guide our work:


• The Best Team Wins: Metrics-focused, results-oriented low-ego leaders thrive in Danaher’s challenging environment.


• Innovation Defines Our Future: We are empowered and encouraged to challenge ourselves and each other, and to take balanced risks to advance innovation.


• Customers Talk, We Listen: Our customer-centric focus drives us to create innovative solutions that directly address customer needs.


• Continuous Improvement (Kaizen) is Our Way of Life: We constantly strive to do better, setting the bar high for ourselves and each other.


• We Compete for Shareholders: Our track record of financial success enables us to continually invest back into our businesses and our team.




Description

The Director, Tax Planning is primarily responsible for implementation of planning strategies. He/she will assist with the design and will actively manage any changes to structures in U.S., and non-U.S., jurisdictions. This will include providing US tax analysis; project management/driving legal step plan implementation and working with the international tax group and the transfer pricing team to manage acquisition integrations; foreign tax credit planning; IP migrations, internal reorganizations and similar initiatives. 



Essential Duties and Responsibilities: 



• Work closely with the Senior Director to design, devise and coordinate the implementation of planning opportunities, reorganizations and integrations leveraging internal and external resources.


• Work closely with the Senior Director to ensure appropriate communication and direction is provided to ensure proper financial and tax reporting and to the operating units to fully understand the impact of various tax planning strategies to be implemented.


• Work closely with Tax leaders in conducting detailed financial, tax technical and business analyses to identify potential problems, determine root causes and recommend appropriate solutions and to ensure the most efficient tax structure is being utilized.


• Work closely with the treasury, accounting, and legal teams to ensure internal protocols are followed with respect to cash movements, loan database, and legal documentation (prepared either by the director or outside counsel) and maintained for planning initiatives.


• Regular communication of tax issues and opportunities to senior tax leadership in a format that allows for meaningful discussions.


• Lead planning processes to efficiently and effectively design, capture, execute, document and communicate tax planning to tax provision, accounting, audit and compliance teams.


• Continuously improve transactional processes from a time, accuracy and productivity perspective.


• Support quantitative determinations of impact of transactions and internal reorganizations.


• Work directly with senior directors in Europe, Americas and Asiapac to implement tax planning initiatives.


• Assist in the set up of the financing and post closing integration of acquisition targets including legal entity creation or elimination initiatives.


• Support as needed IRS tax audit requests for historical planning transactions.


• Stay current with respect to tax law changes in the U.S. and OUS jurisdictions.




Critical Success Factors:



• Must be an exceptional tax professional, be able to bridge an operating business model with the legal entity structure and tax technical analysis in an effective manner, and be able to lead and coordinate tax issues across an individual legal entity and global reporting structure.


• Must be experienced in US and Foreign tax rules (ideally Europe and Asiapac) and regulations and transfer pricing


• Must be able to lead and co-ordinate legal and tax analysis in support of planning initiatives


• Attention to detail and strong organizational and project management skills are also critical, since an important responsibility of this position involves the management of all legal and documentary aspects of highly complex projects that typically involve numerous subsidiaries, multiple countries and multiple, interrelated transactions.


• Must have high intelligence and ability to prioritize on a real time basis.


• Be able to influence peers, subordinates and superiors. Clear communication skills are critical.


• Analyze complicated issues (technically, legally and numerically) and boil down to the key points, develop action plans and implement.


• Must have strong managerial courage – ability to make the tough decision and to not be overly sensitive (thick skinned), be able to effective play catch ball (idea/issue back and forth discussion) and think on their feet.


• Will display and operate in a way that never compromises ethics and integrity, and will be non political in all dealings with agendas that are above board and understood by all.


Job Requirements



Qualifications

Required Competencies:


• Demonstrated ability to effectively manage tax activities across multiple locations/countries and across functional teams.


• Maintain process designed to communicate information to stakeholders.


• Conduct detailed business, tax and financial analyses to identify potential problems, determine root causes, and recommend appropriate solutions.


• Successfully support functional and operating unit leaders to understand and improve tax results on a sustainable basis.


• Lead the effort to consistently deliver results.



Minimum Qualifications: 


More specifically, it is anticipated that the ideal candidate will be hands-on and detail-oriented but also able to see the big picture.  Need to be able to think strategically and view the business from a general management standpoint as well as from a financial and legal perspective.  Person must be able to work well in a cross-functional, matrixed, decentralized organization.  Must be very customer focused in terms of providing accurate information to corporate tax team.  The individual must be a professional who can deliver results and who must have strong interpersonal and communications skills.  This individual will be a team player who is well versed in the details but capable of bridging knowledge gaps to team members at various levels of experience and in multiple jurisdictions. Will need to be a quick study who can rapidly adapt to Danaher’s culture and gain the confidence of the tax leadership team.  This person will be high energy and able to handle conflict.  Will be an independent worker, capable of operating in a fast-moving, ever changing environment and able to make tough, difficult business decisions.  The individual must be able to drive and manage change, be non-political, creative, culturally aware and possess a strong desire to win and passion to excel.



Education and/or Experience:



• Graduate or undergraduate training in Finance or Accounting and JD, MBA, or Master of Taxation degree required.


• Significant international experience is required along with a strong global business perspective while functioning in a multinational organization with multiple business units.


• Ability to draft board and shareholder resolutions as well as all typical reorganization and recapitalization documentation such as certificates of incorporation, certificates of designation, bylaws, loan agreements, guarantees and stock and asset purchase agreements  a significant differentiator.


• Experience in the tax aspects of acquisitions and divestitures, including due diligence and post merger integration a plus. 


• Ability to travel domestically (mainly to Washington DC) 25-30% of the time.



Other qualifications:


• Compelling leadership style, consistent with Danaher values and culture. Presence and stature to generate respect, trust and a positive image for the organization; credibility through demonstrated expertise.


• Highest levels of personal and professional integrity and ethics.


• Ability to serve as successor to larger leadership roles.


• Likes to “win,” has fun doing it, and energizes the organization around a winning agenda.



Compensation:


Danaher is committed to competitive compensation that typically has key components including base salary, variable annual incentive compensation based on personal and company performance, and long-term incentive.




Danaher Corporation Overview

Danaher is a global science and technology innovator with more than 59,000 associates committed to helping our customers solve complex challenges and improve quality of life around the world. Our world class brands have unparalleled leadership positions in some of the most demanding and attractive industries and our technologies address a broad range of societal needs:


• Protecting the global water supply and ensuring environmental stewardship


• Protecting the world's food supply and verifying pharmaceutical dosages and authenticity


• Leading scientific research and advancing patient health with the highest diagnostic confidence


• Improving dental outcomes and promoting access to comfortable patient care around the world


Danaher generates ~$20 billion USD of annual revenue from five business segments: Life Sciences, Diagnostics, Dental, Water Quality, and Product Identification. 


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