Senior Tax Counsel

Employer
Pfizer
Location
New York City, New York
Posted
Jul 30, 2021
Ref
4818893
Required Education
Bachelors Degree
Position Type
Full time

ROLE SUMMARY

Pfizer Global Tax serves a central role in the success of our business.  We mitigate risk and create value, enabling our business to achieve our critical mission of creating breakthroughs that change patients’ lives.  As part of Pfizer Global Tax, the International Tax planning and U.S. Tax planning teams are responsible for tax planning in all of Pfizer’s markets and play a lead role in coordinating with the functional pillars of Pfizer Global Tax that bring different areas of substantive expertise such as tax reporting, compliance, indirect tax and transfer pricing.  The tax planning team identifies, develops, implements, and manages tax strategies to help minimize Pfizer’s overall tax cost and enhance value to internal customers and external stakeholders.  We advise on the U.S. and international tax aspects of Pfizer’s business, manage tax audits for the international and U.S. markets, partner with transfer pricing team to design and implement transfer pricing strategies and mitigate transfer pricing risks, assist tax reporting team on financial reporting related disclosures and calculations, assist tax compliance team on complex tax technical matters, and coordinate with indirect tax team on VAT and other indirect tax planning.

As a senior member of the Pfizer Global International Tax team, this role will be involved in all aspects of the responsibilities described above.  The candidate will need to have a deep understanding of U.S. tax law, with a focus on the U.S. international tax law such as GILTI, FDII, BEAT, Subpart F, and foreign tax credits.  The role will also need to develop knowledge and expertise in the tax law of assigned countries as well as the interrelationship of the tax law in different jurisdictions.  Specific tax responsibilities will include design and implementation of tax planning strategies, including with respect to acquisition structures, integration and dispositions, as well as ongoing planning and tax analysis for day-to-day business operations.  In addition, the role will have tax audit responsibilities in his/her assigned countries and will partner with tax accounting team to ensure proper accounting and external financial reporting for transactions in which this person was involved.  This position will need to manage outside counsel and accounting advisors effectively, as well as performing independent research and planning covering U.S. and non-U.S. tax issues.  This is a visible position with top levels of tax and non-tax management.  This role will coordinate and interface extensively with tax professionals across different pillars within Global Tax, as well as functions outside of Global Tax, including Treasury, Controller, Finance, Legal, supply chains, etc.

ROLE RESPONSIBILITIES

Tax Planning Responsibilities

  • Analyze international business activities, M&A transactions, financing and commercial transactions, including identification and evaluation of alternatives and providing recommendation of solutions to senior management
  • Develop, plan and implement multinational tax planning projects with significant impact to the company
  • Recommend tax-related decisions; provide management and oversight for tax issues in assigned markets and/or business functions
  • Maintain knowledge of existing and proposed U.S. tax rules, legislation, rulings, regulations and litigation as well as relevant foreign tax law
  • Closely monitor and advise on changes in tax law in assigned countries as well as the U.S. international tax law that may affect the company’s tax positions
  • Partner with reporting team in modeling and review of ETR calculations, as well as providing advice on the interpretation and application of U.S. international tax law
  • Partner with Transfer Pricing team to monitor and counsel management on global transfer pricing policies and issues, design and implement transfer pricing strategies
  • Partner with Global Tax Indirect Tax team regarding VAT and other indirect tax planning
  • Partner with Tax Policy and Domestic Tax team on U.S. and international tax reform as well as U.S. domestic tax planning
  • Coordinate and interface with functions outside Global Tax (e.g., Treasury, Controller, Finance, Legal, supply chains, etc.)

Audit Responsibilities:

  • Actively participate, manage and oversee income tax audits for the assigned markets; this person will be the key Global Tax contact for managing and bringing relevant local markets’ non-U.S. tax audits to successful resolutions
  • Work with Global Tax and business personnel to analyze and advise on current audit-related issues and audit implications of planning ideas
  • Effectively manage outside counsel and accounting advisors
  • Partner with Indirect Tax and Transfer Pricing team on audit support as needed
  • Extensive interface with non-U.S. tax authority agents and be responsible for developing positive relationships with such tax agents

Tax Compliance & Reporting Support

  • Analyze and assess Pfizer’s uncertain tax filing positions under ASC 740-10 to determine recognition and measurement
  • Quantify (where necessary) applicable tax reserves
  • Partner with Tax Accounting team to ensure the proper accounting and external financial reporting of tax planning strategies, including the recognition and coordination of the book and tax effects of events

BASIC QUALIFICATIONS

  • A JD degree is required; a Tax LLM or CPA is a plus
  • 10 plus years’ relevant experience with a major, publicly-held corporation, a major law firm or a big 4 public accounting firm; depending on the type of experience, candidates with 7 plus years of experience with a major law firm will also be considered
  • A minimum of 4 years of professional tax experience with a major law firm is preferred
  • Strong analytical skills and understanding of tax planning on a multinational level
  • Thorough knowledge of existing and proposed U.S. tax laws, with a focus on U.S. international tax rules
  • Proficiency in Excel
  • Excellent writing skills
  • Exceptional business communication skills with ability to effectively communicate tax issues to non-tax personnel
  • Strong consensus builder and team player; strong skills at communicating with upper management on a range of broad business plans
  • Proven track record of being able to manage and execute significant restructuring projects that require excellent project management skills, strong working knowledge of the organizational operations and the ability to work closely with groups outside of tax within the corporate structure
  • Strong commercial and business awareness

PREFERRED QUALIFICATIONS

  • Broad finance experience with a proven ability to work extensively with those individuals within the organization responsible for the accounting, finance, capital expenditure, transfer pricing and treasurer functions
  • Knowledge of transfer pricing
  • Knowledge of Tax Accounting and in particular US GAAP accounting (including ASC 740-10)

 
Candidate demonstrates a breadth of diverse leadership experiences and capabilities including: the ability to influence and collaborate with peers, develop and coach others, oversee and guide the work of other colleagues to achieve meaningful outcomes and create business impact.

NON-STANDARD WORK SCHEDULE, TRAVEL OR ENVIRONMENT REQUIREMENTS

Work Schedule – Be willing and flexible to work in non-conventional work hours, including frequent meetings/conference calls with colleagues in the United States and in Europe

Other Job Details:

  • Last day to apply: August 13, 2021
  • Eligible for Relocation Package
  • Eligible for Employee Referral Bonus
  • Travel – Up to 25% of time.

Sunshine Act

Pfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations.  These laws and regulations require Pfizer to provide government agencies with information such as a health care provider’s name, address and the type of payments or other value received, generally for public disclosure.  Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act.  Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government.  If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.

EEO & Employment Eligibility

Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status.  Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA.  Pfizer is an E-Verify employer.

Finance & Accounting

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