Head of Tax (Charlotte, NC (Hybrid) or Remote)

Brighthouse Financial • Charlotte, NC

7d • $275,000 - $310,000 • Hybrid

About The Position

As the Head of Tax you will report directly to the Chief Accounting Officer and will be responsible for ensuring compliance with all federal and state tax laws and regulations, development and implementation of appropriate tax planning strategies, oversight of tax audits and controversies, and active participation in the Company's tax advocacy efforts. In this role, you'll get to: Develop and implement tax strategies to optimize the Company's tax position in partnership with key business stakeholders (e.g., Treasury, FP&A, Investment Management, Legal) Serve as a thought leader and actively participate in trade associations, such as the American Council of Life Insurers Collaborate with Government Relations to support advocacy for tax matters of importance to the Company. Monitor new and proposed tax law changes, evaluate and communicate impacts to business partners. Advise the Finance leadership, Legal, and other business partners on tax reporting issues for the Company's financial activities. Provide leadership of interim and annual GAAP (ASC740) and STAT (SSAP101) provision processes, including management of effective tax rate, review of valuation allowance analyses, and other related activities Supervise indirect tax accounting. Oversee preparation and filing of all Federal and state tax returns, including but not limited to, income tax, premium, retaliatory and municipal tax, sales and use tax, product withholding tax, and personal property tax. Guide tax audit activity, including review of audit responses and collaboration with outside counsel or other advisors. Maintain strong working relationship with Company's external auditors, outside counsel, and other advisors. Ensure strong control environment in compliance with SOX and MAR requirements. Coach and develop a team of tax professionals, at all levels.

Requirements

• Minimum 12 - 15 years of tax reporting and compliance experience in the life insurance industry or in a tax practice of a major accounting firm working with life insurance companies; CPA required
• Experience dealing with federal, state and local tax regulators
• Technical expertise and experience in life insurance tax and tax accounting (ASC 740, SSAP 101), consolidated tax return regulations, and Life/Non-Life group issues
• Strong oral and written communication skills
• Strong accounting and analytical skills
• Ability to manage issues and projects across Tax and business partners
• Ability to clearly communicate complex financial and process-related information to management
• Ability to manage multiple complex tasks towards completion at the same time
• Seasoned leader with track record of growing talent and developing strong teams
• Bachelor's Degree, ideally in Accounting or Finance, required

Nice To Haves

• Masters in Tax/Accounting, highly desirable

Responsibilities

• Develop and implement tax strategies to optimize the Company's tax position in partnership with key business stakeholders (e.g., Treasury, FP&A, Investment Management, Legal)
• Serve as a thought leader and actively participate in trade associations, such as the American Council of Life Insurers
• Collaborate with Government Relations to support advocacy for tax matters of importance to the Company.
• Monitor new and proposed tax law changes, evaluate and communicate impacts to business partners.
• Advise the Finance leadership, Legal, and other business partners on tax reporting issues for the Company's financial activities.
• Provide leadership of interim and annual GAAP (ASC740) and STAT (SSAP101) provision processes, including management of effective tax rate, review of valuation allowance analyses, and other related activities
• Supervise indirect tax accounting.
• Oversee preparation and filing of all Federal and state tax returns, including but not limited to, income tax, premium, retaliatory and municipal tax, sales and use tax, product withholding tax, and personal property tax.
• Guide tax audit activity, including review of audit responses and collaboration with outside counsel or other advisors.
• Maintain strong working relationship with Company's external auditors, outside counsel, and other advisors.
• Ensure strong control environment in compliance with SOX and MAR requirements.
• Coach and develop a team of tax professionals, at all levels.

Benefits

• Compensation - Base salary ranging from $275,000 - $310,000 plus competitive performance-based incentives determined by company and individual results.
• Flexible Work Environment - Work remotely or in the office to better thrive in all areas of life.
• Paid Time Off - Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
• Financial Health - Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services.
• Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
• Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 1,001-5,000 employees