The Vice President Tax is the head of tax for all the companies that operate under this privately held parent. The Vice President Tax will be responsible for overseeing and managing the tax function and all relationships with external and internal business partners and identify areas of risk and opportunity for the company including:
- Manage the co-sourcing agreement with the Companies’ external tax accounting firm for the preparation of the statutory and GAAP income tax provision and accrual, and the tax return preparation and compliance matters for income, premium, property and sales/us
- Manages all Companies’ tax audits and examinations and negotiates settlement of disputed issues with the Internal Revenue Service and other regulatory bodies.
- Represents the Companies at the highest levels of appeal in negotiations regarding tax deficiencies.
- Controls tax planning responsibilities for all Companies including short and long-range planning to reduce tax expenses to the legal minimum.
- Consults with senior management regarding life, annuity, disability, retirement plans, banking, and other product tax issues.
- Oversees the preparation of all tax information returns and acts as consultant on tax reporting to all areas.
- Acts as consultant to management, agents, and other associates on tax matters throughout the Companies.
- Participates at the highest management levels in the tax review of corporate acquisitions and dispositions, and reinsurance arrangements of all of the Companies.
- Participates in the development of investment policy and strategies to maximize the after-tax income of the Companies.
- Participates with and supervises the activities of the Companies’ external tax accounting firm on special projects involving tax matters.
- Oversees state and local tax incentive programs, including the Companies’ participation in the sales and use tax refund program. Negotiates contracts, establishes compliance programs, and maintains procedures to take maximum advantage of such programs.
- Engages with developers, brokers, and legal counsel to identify and contract for the procurement of premium tax credits at discounts to minimize premium tax expenses.
- Participates with personnel in the Federal Government Affairs Office to educate others on the income tax advantages of insurance and other products.
- Maintains effective working relationships with all outside contacts including the Internal Revenue Service, outside attorneys, public accountants, and government officials.
Qualifications Required
- Extensive background and technical understanding of corporate insurance tax products and services, and insurance operations
- Ability to analyze, interpret, and utilize significant data to make sound business decisions; Excellent planning and leadership skills
- Ability to effectively communicate and make presentations to corporate officials, clients, brokers, rating agencies, and community leaders
- Seasoned knowledge and background in accounting principles and practices, and ability to develop this technical knowledge in others
- Aptitude for working with complex subject matter; a feel for working with the tax law in a practical way, and decisiveness
The role requires a hands-on business executive who is a team player with good judgement and understands the importance of building business processes; and an individual who can effectively communicate strategic business options to management. The VP Tax role requires an individual with a minimum of fifteen to twenty years’ corporate and public accounting experience. A Bachelor’s in Accounting along with a CPA and/or MST Degree preferred.
Contact kat@taxconnections.com or call 858.999.0053.
Kat Jennings, TaxConnections, CEO and Founder and Advisory Team provides three areas of services: 1) Internationally recognized, retained executive search services for multinational corporations, public accounting firms, and law firms; 2) Introductions of sellers to buyers of small and medium size accounting firms; and 3) Provide brand building and education services that support and prepare accounting firm owners to buy/sell an accounting practice. We focus on educating the journey to sell a practice and how to increase firm revenue prior to any sale. Our program ensures you start years prior to a sale by learning what is expected of you during the selling process, and introducing firm Partners to cross selling opportunities that are easy to implement and reduce your workload at the same time. We introduce you to value added connections to smartly grow revenue in your accounting practice.
Kat Jennings has been retained by organizations worldwide to locate tax professionals with highly specialized tax knowledge and expertise. She has a thorough understanding of the tax business community, with a proven record of stellar performances matching professionals with organizations. Bringing two parties together to work successfully is the art of understanding personalities, cultural fit, expectations by both parties, flexible or inflexible work environments, understanding what drives and motivates each party, and revolves around the personality and ethics of each executive team.
Kat is a widely recognized expert in high level, tax executive search, as well as connecting buyers and sellers of accounting firms. TaxConnections provides and educates small to medium size accounting firms owners and Partners how to prepare and sell their firms so they can build a succession plan for their retirement. With larger firms seeking to acquire smaller accounting practices, there is a real need to help firm owners prepare to be acquired. Most firm owners are unaware they are not ready to sell when they decide to retire. TaxConnections educates firm owners’ what they need to do years in advance of selling an accounting firm practice.
Senior tax executives expect the utmost privacy when being introduced to multinational organizations about a new tax opportunity under consideration. Having said that, companies searching for a new head of tax expecting tax executive candidates to submit their resume through a resume portal, will never see a full slate of outstanding tax executives available due to a candidates’ desire for greater privacy. This is why privacy focused Uber Tax Recruiters consistently outperform in-house recruiters on tax executive searches.
We offer our clients a Performance Retainer Agreement arrangement so their HR department can still recruit and compete with the tax candidates we present on Head of Tax searches. The client pays us a partial fee upfront, and if they find a candidate they deem better than we introduce to them, we forfeit the final fee. Most of the time, they love and prefer our private introductions to tax executive candidates better than what they source through their own resume portals.
When we represent selling/buying small to medium-sized firms, firm owners/partners also demand greater privacy when considering the sale of their practice. TaxConnections provides a safe place to discuss their business needs, elevate their practices’ online reputation, and increase revenue through new streams of business development by outsourcing work and partnering with other firms. Over three decades, we have worked tirelessly to build relationships between firm owners most organizations rarely have access to in the world of tax. There are numerous possibilities you may never have considered previously to bolster the value of your practice and service offerings.
As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric,General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wal-Mart, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@taxconnections.com to request a private consultation regarding the sale of your practice, adding top talent to your organization, or merging your practice with another firm owner with a book of business. The possibilities are endless; if you have a dream of a new vision for your professional life; we will scout opportunities throughout the market to make it happen.
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