VP, Corporate Tax

Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it. Compensation Overview The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards. Salary Range $169,400.00 - $279,600.00 Target Openings 1 What Is the Opportunity? Under broad oversight, the VP, Corporate Tax is responsible for leading, adapting, and executing highly complex and strategic state and local tax functions for insurance companies. This includes oversight of insurance premium taxes, licenses, and regulatory fees, while ensuring compliance with evolving state and local tax requirements. The role requires deep expertise in insurance State taxation, strong leadership capabilities, and extensive experience managing premium tax matters across multiple states and municipalities. What Will You Do? Assist in organization-wide corporate state and local tax planning and preparation activities, including negotiation and litigation activities. Direct subordinates in a manner that minimizes the state and local tax liability and the impact of taxes on the financial statements while complying with tax law and financial accounting standards. Identify changes in state and local tax law and tax accounting rules to determine impact on the company. Oversee the preparation, research, and review of state and local tax returns consistent with management philosophy and tax law requirements. Review models and provide guidance and support to identify, analyze and assess tax risks and opportunities. Identify state and local tax effects of prior and proposed business transactions for the purpose of developing the most favorable tax position. Consultation with auditors, lawyers, and regulatory agencies on tax matters. Align and leverage enterprise resources to accomplish key objectives; assigns clear accountability for important objectives. Understands the perspectives of different functional areas in the organization; has a firm grasp of external conditions affecting the organization. Uses effective strategies to facilitate organizational change initiatives and overcome resistance to change. Seizes new opportunities and consistently generates new ideas; introduces and creates needed change even in the face of opposition. Seeks out experiences that may change perspective or provide an opportunity to learn new things. Set work objectives and goals for employees and manages performance. Fosters a collaborative, ethical, and inclusive culture/work environment. Perform other duties as assigned. What Will Our Ideal Candidate Have? A Bachelor's degree in accounting or finance. Experience with relevant tax software. Knowledge of state and local taxation of insurance companies Accountability/Credibility: Demonstrated ability to build trust and credibility with a wide range of stakeholders. Able to act in accordance with stated values; follows through on promises; uses ethical considerations to guide decisions and actions. Able to take responsibility for decisions and actions while understanding the business and responds to all related issues, concerns and problems. Business Knowledge/Partnership: Able to understand and leverage internal resources to accomplish goals and objectives. Able to achieve actionable results through others, build and maintain strong and sustainable business relationships, and interact with all levels, both internal and external, to accomplish results. Able to provide strategic solutions tailored to meet business objectives. Able to utilize strong analytical and technical skills to effectively create recommendations, influence decision-making, assess impacts, compare solutions, problem solve, and achieve business and/or technical objectives. Master relationship management, collaboration, networking and negotiation skills. Communication: Master written and verbal communication skills across all management levels, both internally and externally. Master presentation skills and proven ability to communicate persuasively and influence decision-making. Able to express ideas clearly and concisely; disseminate information about decisions, plans and activities. Financial Awareness: Able proactively assess potential financial impacts of decisions across the enterprise, makes recommendations and acts when appropriate to implement. Able to demonstrate sound cost-effectiveness. Able to drive cost-reduction measures through innovative and creative solutions. Leadership: Able to inspire and promote a vision. Able to understand the political nature of the organization and works appropriately within it; effectively establishes collaborative relationships and alliances throughout the organization. Proven ability to lead a large organization and work in a team environment. Supports management decisions and proactively acts as a change champion. Able to welcome innovative ideas and is open to other views. Able to act as a good role model for employees and keeps a positive attitude. Influence: Able to persuade and motivate others. Skilled at influencing superiors. Able to effectively influence across multiple teams, senior leaders, organizations, and the enterprise. Strong ability to influence upward and lead others into 'new' ways of doing things. Ability to negotiate across Enterprise. Planning and Project Management: Able to identify critical deliverables and establish clear priorities while keeping the overall enterprise vision in mind. Able to propose action plans that are timely, realistic and positive while meeting leadership expectations. Accountable for setting appropriate goals for the area and ensuring progress against the plan. Able to manage time and competing priorities, understands how projects fit within organization objectives, and delegates appropriately to maximize organizational effectiveness. Team Orientation: Able to lead by example, while encouraging ownership environment and consistently setting clear direction, goals and priorities for team. Able to balance organizational, team, and individual responsibilities. Able to put success of organization and team above own interest. Able to give and welcome feedback. What is a Must Have? Eleven years of relevant corporate tax experience or public accounting tax experience. 6 years of management experience. Advanced knowledge of tax concepts, research and compliance. Intermediate knowledge of computer application software, particularly spreadsheets. Ability to clearly articulate complex tax issues orally and in writing to various levels of management, as well as outside parties such as government tax auditors and various state officials. Advanced project management skills. Demonstrated advanced communication and presentation skills. Ability to interact effectively with others across functions and levels across enterprise. Demonstrated ability to influence others across functional area and potentially across enterprise. Advanced ability to think strategically. Advanced leadership skills required, including ability to leverage differences, manage in a participative manner, manage change effectively, develop employees, inspire others and promote a vision. What Is in It for You? Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment. Retirement : Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers. Paid Time Off : Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company holidays. Wellness Program : The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs. Volunteer Encouragement : We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice. Employment Practices Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. #J-18808-Ljbffr