Director, Tax Planning & Senior Tax Counsel, Lockheed Martin, Bethesda, MD
Lockheed Martin -
Bethesda, MD,
US
Director, Tax Planning & Senior Tax Counsel
Date Posted: 2024-06-24
Job description
Job Description
Lockheed Martin's Corporate Tax organization within Enterprise Operations is seeking candidates for one of the Tax Counsel Director positions. If you're looking for a change and thrive on strategic thinking, people development, leading change management and proactive solutioning, we want to talk to you.
This position will be responsible for, but not limited to the following:
Tax research and planning regarding the U.S. and foreign tax aspects of the Corporation's business operations and activities.
Develop, document and implement tax-efficient structures for acquisitions, dispositions, JVs, partnerships, financings, and restructurings, including interaction with Corporate and business unit management, Lockheed Martin's outside counsel, investment bankers, and counsel for the other party to the transaction where appropriate.
Defend tax controversies (including IRS Audit and state income tax audits) and prosecute tax refund proceedings in administrative appeals and litigation.
Monitor, model and advise on tax legislation/regulations/other tax guidance that could impact the Corporation's business operations.
Under the leadership of the V.P, Taxes & General Tax Counsel and in coordination with Government Affairs, coordinate and direct the Corporation's tax legislative strategy.
Advise business units on legal and contractual structure of contracts and business operations to minimize tax liabilities and enhance competitiveness of the Corporation's. operations.
Oversee tax advice to international programs via the IBNS system and recommend appropriate organizational structures to obtain the most favorable tax consequences in each country where business is or proposed to be conducted by Lockheed Martin.
Direct ASC 740 and ASC 450 evaluations of uncertain positions, including assessment of reserve analysis and interaction with Corporate Accounting in tax reserve analysis.
Advise management, Human Resources, Shared Services and Corporate Legal regarding tax aspects of executive compensation and employee benefits, including section 162(m) (million-dollar cap), 280G (golden parachutes), 409A (nonqualified deferred compensation), and the deductibility, withholding & reporting, and includability of benefits and compensation. This does not include responsibility for ERISA or plan qualification issues, which are handled in the Law Department.
Lead the direct efforts of three tax attorneys and possibly a couple tax accountants and actively develop their technical skills and Full Spectrum Leadership qualities.
Where applicable, direct the efforts of outside counsel and consultants.
Basic Qualifications
JD degree from accredited law school
Admitted in good standing to bar of at least one state
Substantial knowledge of and experience with US & foreign tax laws
Experience advising multinational corporations on tax efficient structures under US and foreign law
Familiarity with rules governing accounting for income taxes
Effective verbal and written skills
High level of personal and professional integrity
Transactional and litigation experience
Ability to work in collaborative environment
Proven decision-making ability
Demonstrated ability to multi-task and handle multiple, sometimes conflicting priorities
Leadership experience managing tax attorneys and/or tax accountants; leading large scale projects
Desired skills
Major law firm training or Big 4 accounting firm training and large company tax department experience
Experience with recent (2017 forward) tax reform implementation and OECD Pillar 1 and Pillar 2 familiarity
Experience with indirect taxation (VAT/GST)
Some experience in book and tax accounting
Aerospace/defense industry knowledge and experience
15 years' tax experience strongly preferred
EEO
Lockheed Martin is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
*
Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. They're dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about.
As a leading technology innovation company, Lockheed Martin's vast team works with partners around the world to bring proven performance to our customers' toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories.
Other Important Information
By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.
Ability to work remotely
Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.
Work Schedule Information
Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.
Colorado Pay Statement
Pay Rate:
The annual base salary range for this position in California and New York (excluding most major metropolitan areas), Colorado, or Washington is $180,000 - $300,000 . Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.
This position is incentive plan eligible.
Premium Pay Statement
Pay Rate:
The annual base salary range for this position in most major metropolitan areas in California and New York is $180,000 - $300,000. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
This position is incentive plan eligible.#J-18808-Ljbffr
Lockheed Martin's Corporate Tax organization within Enterprise Operations is seeking candidates for one of the Tax Counsel Director positions. If you're looking for a change and thrive on strategic thinking, people development, leading change management and proactive solutioning, we want to talk to you.
This position will be responsible for, but not limited to the following:
Tax research and planning regarding the U.S. and foreign tax aspects of the Corporation's business operations and activities.
Develop, document and implement tax-efficient structures for acquisitions, dispositions, JVs, partnerships, financings, and restructurings, including interaction with Corporate and business unit management, Lockheed Martin's outside counsel, investment bankers, and counsel for the other party to the transaction where appropriate.
Defend tax controversies (including IRS Audit and state income tax audits) and prosecute tax refund proceedings in administrative appeals and litigation.
Monitor, model and advise on tax legislation/regulations/other tax guidance that could impact the Corporation's business operations.
Under the leadership of the V.P, Taxes & General Tax Counsel and in coordination with Government Affairs, coordinate and direct the Corporation's tax legislative strategy.
Advise business units on legal and contractual structure of contracts and business operations to minimize tax liabilities and enhance competitiveness of the Corporation's. operations.
Oversee tax advice to international programs via the IBNS system and recommend appropriate organizational structures to obtain the most favorable tax consequences in each country where business is or proposed to be conducted by Lockheed Martin.
Direct ASC 740 and ASC 450 evaluations of uncertain positions, including assessment of reserve analysis and interaction with Corporate Accounting in tax reserve analysis.
Advise management, Human Resources, Shared Services and Corporate Legal regarding tax aspects of executive compensation and employee benefits, including section 162(m) (million-dollar cap), 280G (golden parachutes), 409A (nonqualified deferred compensation), and the deductibility, withholding & reporting, and includability of benefits and compensation. This does not include responsibility for ERISA or plan qualification issues, which are handled in the Law Department.
Lead the direct efforts of three tax attorneys and possibly a couple tax accountants and actively develop their technical skills and Full Spectrum Leadership qualities.
Where applicable, direct the efforts of outside counsel and consultants.
Basic Qualifications
JD degree from accredited law school
Admitted in good standing to bar of at least one state
Substantial knowledge of and experience with US & foreign tax laws
Experience advising multinational corporations on tax efficient structures under US and foreign law
Familiarity with rules governing accounting for income taxes
Effective verbal and written skills
High level of personal and professional integrity
Transactional and litigation experience
Ability to work in collaborative environment
Proven decision-making ability
Demonstrated ability to multi-task and handle multiple, sometimes conflicting priorities
Leadership experience managing tax attorneys and/or tax accountants; leading large scale projects
Desired skills
Major law firm training or Big 4 accounting firm training and large company tax department experience
Experience with recent (2017 forward) tax reform implementation and OECD Pillar 1 and Pillar 2 familiarity
Experience with indirect taxation (VAT/GST)
Some experience in book and tax accounting
Aerospace/defense industry knowledge and experience
15 years' tax experience strongly preferred
EEO
Lockheed Martin is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
*
Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. They're dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about.
As a leading technology innovation company, Lockheed Martin's vast team works with partners around the world to bring proven performance to our customers' toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories.
Other Important Information
By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.
Ability to work remotely
Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.
Work Schedule Information
Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.
Colorado Pay Statement
Pay Rate:
The annual base salary range for this position in California and New York (excluding most major metropolitan areas), Colorado, or Washington is $180,000 - $300,000 . Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.
This position is incentive plan eligible.
Premium Pay Statement
Pay Rate:
The annual base salary range for this position in most major metropolitan areas in California and New York is $180,000 - $300,000. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
This position is incentive plan eligible.#J-18808-Ljbffr