Tax Analyst – Fixed Assets
Overview:
Founded in 1898 and headquartered in Chicago, IL, GATX Corporation (NYSE: GATX) is an industry leader with 125+ years of success—success that is powered by our people. We are proud of our high-performance culture, hard-working and enthusiastic management team, and beautiful office space in the Willis Tower.
At GATX, we hire the best and offer our employees a dynamic, energetic, collaborative environment to enable them to make an impact from day one. Enjoy the perks and benefits of a global company with the close-knit culture and community of a much smaller one. In the same way we strive to empower our customers to propel the world forward, we are dedicated to providing our people with the tools and resources they need to advance in their careers.
The Tax Analyst–Fixed Assets will be responsible for administering the tax depreciation system (TDS), reviewing quarterly depreciation and gain/loss calculations, and performing full reconciliations of all Domestic fixed assets twice a year. This person will review the reports provided by TDS, analyze the additions and dispositions for correct depreciation and gain/loss presentation. They will provide reconciled reports to the applicable target parties for use in reporting. This person will also support the Domestic, International, and Indirect tax groups by helping with the completion of related compliance in connection with GATX subsidiaries and joint ventures.
Qualified candidates who are currently Wells Fargo Rail employees will be given priority consideration over other external applicants.
Responsibilities:
The Tax Analyst – Fixed Asset will interact internally with senior analysts and managers from Corporate Tax and Business Unit accounting departments, from Treasury, and occasionally with other staff functions such as Financial Planning and Analysis, IT, Internal Audit, HR, and Legal. There will also be external party contact with the PwC service providers who manage the TDS system.
- Analyzing and reconciling fixed assets ledgers for tax purposes. Performing quarterly depreciation and gain/loss calculations and complete fixed assets reconciliations between SAP and TDS of all domestic fixed assets transactions twice a year, including preparation and maintenance of well-documented fixed assets related workpapers. The Analyst will monitor the fixed assets depreciation system and ensure that tax depreciation and tax gain/loss on retirements are appropriately calculated.
- Assist with Domestic and International tax compliance as needed for the filing of required annual tax returns.
- Monitor tax law changes related to fixed asset tax accounting.
- Work with the Indirect Tax group for asset process improvements for property tax.
Qualifications:
- A bachelor’s degree in accounting or finance with three or more years of corporate income tax experience (preferably 1 year or more working on fixed assets) with a major corporation or public accounting firm.
- CPA and/or MST a plus but not required.
- Working knowledge of various tax research engines.
- Prior experience working with software support, either as a client or provider.
- Experience with Microsoft Office suite applications, and CorpTax (or comparable) tax software required.
- Experience with SAP, TDS, or similar fixed asset system is a plus.
- Experience with Data Analytics systems (Power BI, Alteryx) is a plus but not required
This is a hybrid position that will require the employee to work in the office at least 3 days a week throughout the year. The employee may work remotely the balance of the time, apart from quarter and year-end close, when work is fully in-office.
Salary range:
As of the post date, the salary range for this position is:68600.00 USD - 91800.00 USD
This range is a reasonable estimate and takes into account several factors that are considered in making compensation decisions, including, but not limited to, geographic location, skill set, experience, education, training, internal equity, and other business needs.
This role may be eligible to participate in the Company’s short-term incentive plan, the details of which will be provided to the applicant upon hire.