Job Information
Magna Analyst, Compliance & Economic Development (Tax Focus) in Troy, Michigan
Analyst, Compliance & Economic Development (Tax Focus)
Job Number: 59597
Group: Magna Corporate
Division: Magna Services of America (Troy Office)
Job Type: Permanent/Regular
Location:
Troy, MICHIGAN, US, 48083
Job Number: 59597
Group: Magna Corporate
Division : Magna Services of America (Troy Office)
Job Type: Permanent/Regular
Location: TROY
Group Description
At Magna, we create technology that disrupts the industry and solves big problems for consumers, our customers, and the world around us. We’re the only mobility technology company and supplier with complete expertise across the entire vehicle.
We are committed to quality and continuous improvement because our products impact millions of people every day. But we’re more than what we make. We are a group of entrepreneurial-minded people whose collective expertise gives us a competitive advantage. World Class Manufacturing is a journey and it’s our talented people who lead us on this journey.
Role Summary
The Magna Government Affairs Department is committed to identifying and realizing all available economic incentives. The Compliance & Economic Development Analyst – Tax Focus will work closely with the Director of Economic Development and Regulatory Compliance, the Magna Government Affairs Compliance team, and all Magna corporate functions, groups, and divisions to develop, evaluate, and implement positive economic development outcomes to further Magna’s strategic goals and business interests. As a member of the Government Affairs Department, the Compliance & Economic Development Analyst will collaborate and coordinate across all Magna functions, Groups, and Divisions to ensure all economic incentive projects are properly reported and are compliant with all aspects of Magna’s Group, Division and Joint-Venture economic incentive and government contracts including reviewing property valuations to identify property tax savings opportunities in using the various approach analyses.
Key Responsibilities
Review property valuations and assessments to identify property tax savings opportunities and, in coordination with relevant Magna corporate, group, and division personnel, develop and implement strategies and tactics to realize such property tax savings
Manage communications and respond to inquiries from government entities regarding property tax issues and ensure compliance with relevant laws
Ensure economic incentive projects, particularly those related to property tax savings, remain compliant with relevant contractual obligations
Prepare offer summaries of property tax savings opportunities, review and summarize economic incentive agreements/contracts, provide project status updates, and ensure compliance with reporting deadlines
Analyze unclaimed property reporting processes and understand how relevant unclaimed property statutes and/or regulations impact Magna
Monitor and ensure that the unclaimed property claims are documented, reviewed, and accurately prepared
Update relevant incentive information in the Magna Government Affairs CRM database
Analyze and review government economic incentive activities to enhance and promote Magna’s strategic goals and business interests
Facilitate drafting of reports, including editing, prior to submission, to ensure that all required documents are complete, compliant, well-organized, and professionally presented
Develop and maintain working relationships with internal and external subject matter experts to determine Magna’s needs for overall growth and development plans
Work cross-functionally all Magna functions, Groups, and Divisions to gather information and understand all project parameters needed to support economic development discussions and negotiations
Act as a point of contact for various internal and external partners and effectively use an internal escalation path for all inquires
Research, analyze, and prepare data-focused reports, plans, and other materials, exercising independent judgment as to content, accuracy, and completeness
Gather and analyze economic incentive data to drive all Magna function, Group, and Division decisions for site selection and expansion efforts
Manage project budget and invoicing
Work with the Government Affairs team on any other assignments and/or reports, as requested.
Lead various projects and perform other duties, as required
Key Qualifications/Requirements
Bachelor’s degree or certificate program in paralegal studies; or any equivalent combination of experience and training which provides the required knowledge, skills, and abilities
Previous experience in a professional, fast pace corporate environment preferred
3+ years of experience in state and local taxes, economic incentives, finance, or other corporate compliance related discipline
Knowledge of tax credits and property tax experience
Financial analysis and/or project management experience preferred
1-3 years of Compliance or paralegal experience
Excellent analytical and problem-solving skills
Ability to develop professional relationships with key stakeholders
Exceptional organizational and prioritization skills
Excellent written and verbal communication skills
Must be able to identify conflicts in a timely manner and suggest potential alternatives
Additional Information
Knowledge/Skills:
Good judgment skills are critical and the ability to work independently, take initiative, and not be afraid to ask questions and seek answers when follow-up is required
Proven ability to handle multiple assignments simultaneously and be comfortable in a fast-paced, dynamic environment
Proficient in Microsoft Excel, Word, and PowerPoint required
Strong flexibility is a requirement in this role
Ability to identify and be responsive to changing priorities within the business
A positive attitude and a ‘can do’ approach to the position
Ability to work autonomously
Responsible for own actions, outcomes, and deliverables
Awareness. Unity. Empowerment.
At Magna, we believe a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.