MassMutual Financial Group State and Local Tax Director in Boston, Massachusetts
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we’re stronger.
Reporting to Head of Life Company Tax, who in turn, reports to the Head of Tax. Primary responsibilities include management, preparation, and oversight of the Company’s state tax work, both tax compliance and financial reporting. State tax work includes premium tax, income tax, property tax, sales and use tax, and guaranty fund assessments (excludes payroll related taxes). Financial reporting consists of internal and external statutory and GAAP financial reporting associated with state and local tax. Secondary responsibilities include federal tax work including statutory and GAAP financial reporting.
State Tax Compliance
Responsible for the timely and accurate tax filings throughout the year in accordance with state and local laws and regulations
Coordinate and oversee state tax compliance sourced to outside accounting firm
Ensure accuracy of and compliance with tax calendar and internal controls
Monitor changes in organizational charts, legal entity status, and state tax legislation to ensure appropriate calculation of state taxable income & apportionment and proper tax filings in appropriate jurisdictions
Coordinate periodic nexus studies
Manage the distribution of state tax compliance and projects to the staff and vendor to meet internal and external deadlines
Responsible for the coordination, preparation, and processing of the annual premium tax filings and associated compliance
Responsible for the review of internal and external statutory and GAAP financial reporting associated with state and local tax
Serve as primary resource for both technical and procedural matters arising from state and local tax filings and associated compliance
Maintain up-to-date knowledge of state tax developments
Provide information and support to business areas, including product pricing information
Advise on non-routine transactions impacting state filings, including acquisitions and dispositions
Manage state and local tax audits
Responsibilities will likely expand to include federal tax work once new target operating model is achieved
Prepare / Review Premium Tax Accrual for three life insurance companies
Review and approve journal entries
Review internal and external statutory and GAAP financial reporting associated with the Tax, Licenses & Fees tax accruals
Review General Ledger Reconciliations
Prepare / review Annual Statement Schedule T
Assist with state legislative and regulatory initiatives
Coordinate and work with State Government Relations and internal SALT attorney on legislative and regulatory matters
Incorporate changes in law to process and procedures
Actively participate in industry groups to influence development of rules and outcomes on important issues
Assist with state planning initiatives
Guaranty Fund compliance
Utilize technical knowledge in working on special projects
Develop a strong working relationship with internal and external clients, including vendor relationships
Identify, implement and maintain new Target Operating Model designed to effectively and efficiently handle work, consistent with CFO talent strategy
Undergraduate degree in Accounting/Finance
8+ years state tax experience (preferably in an insurance environment)
Strong knowledge and experience related to state and local taxation
Strong computer skills, including tax compliance software, GL systems and research software
Strong time and project management skills
Excellent oral and written communication skills
Ability to see the “big picture”
Ability to identify issues and recommend effective solutions
Strong interpersonal skills
Demonstrated ability in past work history to become a subject matter expert in a one or more areas of taxation
Must be eligible to work in the US without sponsorship now or in the future.
10+ years state tax experience (preferably in an insurance environment)
CPA or MST highly desirable
Previous management experience highly desirable
Working knowledge of Microsoft Access desirable
*Position can be based in Boston or Springfield, MA (Corporate Headquarters)*
Ranked No. 93 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2018) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.
Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.
Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.
Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.
Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.
For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.
• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)
• National Association for Female Executives Top Company for Executive Women (2018)
• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2018)
• Working Mother Media 100 Best Company (2017)
• Military Friendly Employer (2018)