Counsel 2 - Tax (Hybrid)

Transamerica•Cedar Rapids, IA

19h•Hybrid

About The Position

As Counsel, you will provide legal advice relating to the taxation of life insurance and other financial products according to internal law department needs and, to the needs of certain in-house constituents.

Requirements

JD from an ABA accredited law school, LLM a plus
Two years of relevant legal experience
Licensed or eligible to practice in the applicable state
Ability to effectively communicate, both written and oral, with the intended audience
Ability to exercise sound judgment in a fast paced environment
Ability to exercise agility and adaptability in providing legal advice
Comfortable in a rapidly changing corporate environment
Solid understanding of life insurance taxation, specifically, IRC Code Section 7702 and other related sections and regulations
Ability to analyze IRS guidance and advise the Company regarding impacts of new or pending legislation.
Focuses on creating an environment of honesty, inclusion and respect for others, is open to and champions differing ideas and perspectives, and collaborates in a fully inclusive manner
Understanding of the tax impact of our various financial products on individuals, trusts, estates, and entities.
Understanding of information reporting and withholding requirements related to our products.

Nice To Haves

Experience with life insurance taxation
Financial services or insurance industry experience preferred

Responsibilities

Assist in providing legal advice to Transamerica’s business units regarding the tax implication of the ongoing administration, servicing and management of life insurance products.
Work on issues where analysis requires identification and evaluation of multiple factors and taking into account the related information reporting and withholding.
Effectively communicate complex tax issues to individuals with little or no background in tax.
Conduct legal research to provide support to more senior members of the legal team.
Collaborate on matters with outside counsel and in-house counsel and tax professionals.
Participate in departmental and cross-functional working groups.
Review and draft contracts, memoranda, policies and procedures and other documentation relating to the administration and servicing of life insurance products.
Provide legal analysis and advice relative to enterprise initiatives, including process improvements and product development.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs