Direct Tax Reporting & Compliance Staff

Posted:
11/20/2025, 4:00:00 PM

Location(s):
Budapest, Hungary

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Legal & Compliance

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 Corporation

Website: https://www.flowserve.com/

Headquarter Location: Irving, Texas, United States

Employee Count: 10001+

Year Founded: 1997

IPO Status: Public

Last Funding Type: Post-IPO Equity

Industries: Energy ⋅ Industrial ⋅ Industrial Automation ⋅ Machinery Manufacturing ⋅ Manufacturing ⋅ Oil and Gas