Direct Tax Reporting

7 days ago


Budapest, Budapest, Hungary Flowserve Corporation Full time €40,000 - €80,000 per year

Company Overview:

If a culture of excellence, innovation and ownership is what you're searching for, consider putting your experience in motion at Flowserve. As an individual contributor, or as a leader of people, your enterprise mindset will ensure Flowserve's position as the global standard in comprehensive flow control solutions. Here, your opportunity for professional development and industry leading rewards will be supported by our foundational commitments to the values of people first, integrity and safety. Thinking beyond opportunity and reward, at Flowserve, we are inspired by working together to create extraordinary flow control solutions to make the world better for everyone

Job summary:
This position is responsible for assisting the Department Director and Managers in carrying out the provision, tax planning, compliance, and audit functions for a US-based multi-national corporation.

Reponsibilities:

  • Preparation of quarterly foreign tax packages for ASC 740 reporting including
  • Communication with foreign/BSC finance teams
  • Current income tax calculations
  • Income tax payable account reconciliations
  • Deferred tax account reconciliations
  • Preparation of quarterly and annual cash tax forecast
  • Preparation of quarterly foreign FIN 48 questionnaires and foreign audit tracking
  • In depth review of legal entity deferred tax accounts on a rotational basis
  • Develop solid expertise in Flowserve' accounting policies, practices, and systems
  • Maintain standardized and well documented work papers to facilitate review
  • Monitor developments in foreign tax laws to ensure Flowserve's compliance
  • Collaborate with other tax department members on projects
  • Continue to strengthen tax technical skills through professional education and seminars

Minimum Qualifications:

  • 1-2 years of relevant experience in ASC 740 for a US-based multinational corporation
  • Bachelor's degree in Accounting or Tax required; Master's degree preferred (or equivalents)
  • CPA or CPA candidate is preferred (or equivalents)
  • Strong understanding USGAAP, statutory GAAP, and statutory tax principles
  • Ability to gather, organize and analyze data
  • Strong problem solving and analytical skills
  • Team player, detail oriented, and organized
  • Ability to work with minimal daily supervision
  • Strong written and oral communication skills
  • Proficient with Microsoft Office products, particularly advanced Excel

Additional Qualifications Desired:

  • Tax research skills including proficiency in CCH, RIA, and/or BNA research software
  • Experience with Sharepoint, SAP BPC, and SAP ERP

What We Can Offer You

  • Competitive salary and bonus scheme
  • Career development and training opportunity
  • Life, accident and health insurance
  • Cafeteria package
  • Friendly multicultural environment and team events

If this sounds like you and you are interested in a growth mindset role with a global leader in the fluid control industry, then click APPLY with your English CV and one of our Talent Acquisition team with get in touch with you very soon.

Flowserve is a world-leading manufacturer and aftermarket service provider of comprehensive flow control systems. Join a company whose people are committed to building a more sustainable future to make the world better for everyone. With 16,000+ employees in 50+ countries, we combine our global reach with local presence. Our team challenges themselves to approach each situation with ingenuity and creativity to help provide our customers with the most innovative flow control products and services. We support 10,000+ customers worldwide, creating products to meet the needs of our customers who are supplying energy, fresh water, pharmaceuticals and other essentials to consumers, businesses and governments globally. We invite you to put your talents and career in motion at Flowserve.

Req ID
: R-16578

Job Family Group
: Finance & Accounting

Job Family
: FA Tax

EOE including Disability/Protected Veterans. Flowserve will also not discriminate against an applicant or employee for inquiring about, discussing or disclosing their pay or, in certain circumstances, the pay of their co-workers. Pay Transparency Nondiscrimination Provision

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation if you are unable or limited in your ability to use or access as result of your disability. You can request a reasonable accommodation by sending an email to In order to quickly respond to your request, please use the words "Accommodation Request" as your subject line of your email. For more information, read the Accessibility Process.


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