Tax Planning Lead at MassMutual

| Greater Boston Area
!Sorry, this job was removed at 11:29 a.m. (EST) on Tuesday, March 24, 2020

Financial Statement Optimization (FSO) is a new team within Financial Planning and Analysis composed of professionals with diverse backgrounds in actuarial science, capital management, consulting, investment banking and tax planning, among other disciplines. FSO is responsible for identifying and executing opportunities to optimize MassMutual’s financial position and results and to create enduring value through capital markets transactions, reinsurance, structured transactions, tax planning and similar initiatives. FSO is a vital partner to MassMutual’s enterprise strategy, corporate development and competitive market intelligence team.

FSO is also building an enterprise cost of capital framework and developing returns measures, including return on equity and return on invested capital, to inform future capital allocation and planning.

Tax planning is a core component of the FSO solution. The Tax Planning Lead will lead various U.S. and international tax planning projects, including reorganizations, strategic business initiatives and other actions that affect MassMutual’s income tax provision.

This is a unique opportunity for in-depth technical training. Development will be a key focus in this role as we look to broaden our tax planning expertise in FSO. The candidate will spend a significant amount of time on research and in 'shadowing' the Tax Planning Leader in support of this goal. A high degree of intellectual curiosity and creativity are required to be successful in this position.

This individual should excel at working collaboratively and across functions with both peers and leaders within and outside the finance function. This individual needs to be able to distill and translate complex tax and financial issues into 'plain English' while answering the 'so what?'. Finally, things move very quickly at MassMutual and especially within Financial Planning and Analysis, and so this individual must be able to 'roll with it'.

KEY RESPONSIBILITIES:

  • Lead internal and external reorganizations, tax planning and tax consulting initiatives
  • Research tax legal and tax accounting impacts and document conclusions in writing; present to senior leadership as needed
  • Prepare tax impact models and work closely with the tax compliance group to ensure proper reporting of tax planning initiatives and non-routine transactions
  • Draft tax technical and accounting memorandums for highly significant transactions and planning initiatives
  • Meet with external auditors to present and discuss impacts of planning and potential transactions on MassMutual’s tax returns and income tax provision
  • Prepare related tax return disclosure documents
  • Focus on continuous learning and keeping up-to-date on all relevant tax law changes
  • Identify tax related risks and opportunities and propose solutions

QUALIFICATIONS:

  • Ten or more years of total experience (or the equivalent) with 'Big 4' accounting or major law firm experience preferred
  • MBA, JD and-or related degree
  • Able to serve as a trusted advisor to C-suite on complex, 'high dollar' tax considerations across a wide range of accounting, capital management, investments, mergers and acquisitions, domestic and international activities
  • Excellent analytical and organizational skills with prior experience leading important reorganizations, tax planning and tax consulting initiatives
  • Excellent verbal and written communication skills, including prior experience writing tax memorandums, with the ability to express his or her ideas in an articulate, organized and persuasive manner
  • Performs well in a matrix organization and able to bridge different working styles and help to resolve conflicts between team members and others
  • Able to assume team leadership responsibilities in the future
  • Strong knowledge of ASC 740 tax accounting concepts
  • Knowledge of U.S. international tax law preferred
  • Proficient in Microsoft Excel, PowerPoint and Word
  • Able to work well under pressure and manage multiple deliverables
  • Experience working closely with tax attorneys is also a plus

Read Full Job Description

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • .NETLanguages
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    • KotlinLanguages
    • PythonLanguages
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    • ExpressFrameworks
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    • Microsoft SQL ServerDatabases
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    • IllustratorDesign
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    • PhotoshopDesign
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    • Aha!Management
    • BasecampManagement
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    • WordpressCMS
    • HubSpotCRM
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Location

We currently have two Boston office locations at both 470 Atlantic Ave and One Marina Park.

An Insider's view of MassMutual

What’s the vibe like in the office?

We work in an open floor plan, so there is a lot of opportunity for networking across roles, teams and levels. Everyone is very friendly and welcomes the opportunity to get to know other people on the floor.

Kristina

Digital Adoption Team Lead

What's the biggest problem your team is solving?

You don’t think of insurance as a hotbed for innovation but the very nature of our organization, Digital Experience, is to reimagine how a 168-year old company does business with its customers. Our Design team takes pride in an inclusive design process with everyone invited to provide feedback, from Product to Engineering to QA.

Maria

Digital Lead - Design

What makes someone successful on your team?

Successful people on my team are: passionate, curious, receptive, and engaged. Each team member is expected to be passionate about the work that they do, and the domains in which they practice. They are always solving unique problems and must be curious about finding new solutions.

David

Digital Lead

How do you empower your team to be more creative?

I encourage my team to embark on ‘deep work’ at least once a week on a ‘meeting-free’ designated day. We have design reviews to brainstorm alternative ways to solve business problems from a software engineering point of view. We consider self-reflection and brainstorming to be fundamental components of creativity.

Mike

Head of Data Science Software Engineering

How do your team's ideas influence the company's direction?

One of our projects is an application we built for our Investment Mgmt team called ViPER (Visualizing Investment Portfolio Enhanced Reporting). The application makes it easy to manage reports and get insights from Data Science models. Now with ~150 active users, it reflects how we’re using DS to facilitate data driven decision processes across MM.

Jasmine

Head of Data Science - Investments Domain

What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Culture
Volunteer in Local Community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with Nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity.
Intracompany Committees
Daily Stand-up
Team-Owned Deliverables
Open Office Floor Plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly Diverse Management Team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Unconscious Bias Training
Diversity Manifesto
Someone's Primary Function is Managing the Company's Diversity and Inclusion Initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability Insurance
For details on short term and long term disability insurance please visit https://www.massmutual.com/-/media/files/employee_benefits.pdf
Dental Benefits
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision Benefits
Health Insurance Benefits
To learn more about our Health and Welfare Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Life Insurance
For more information about our Life Insurance Benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) Matching
Performance Bonus
Match Charitable Contributions
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Child Care & Parental Leave Benefits
Child Care Benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous Parental Leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Flexible Work Schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Family Medical Leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid Volunteer Time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid Holidays
Paid Sick Days
Occasional illness: up to 5 days per calendar year.
Perks & Discounts
Casual Dress
Commuter Benefits
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and Learns
Cross-Functional Training Encouraged
Promote from Within
Online Course Subscriptions Available
Customized Development Tracks
Paid Industry Certifications

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit: https://www.massmutual.com/-/media/files/employee_benefits.pdf

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