Lead Counsel – Investment and Corporate Tax

  • MassMutual
  • Springfield, MA, Boston, MA
  • Aug 22, 2022
Full time Finance Insurance

Job Description

COMPANY BACKGROUND

 Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.

 A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.

 Together, we’re stronger.

 Ranked No. 100 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, May 2020), MassMutual has been recognized as a World’s Most Ethical Company by Ethisphere. We are guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policy owners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources and rely on each other when it counts.

POSITION DESCRIPTION

Do you want to be part of a team that encourages your growth, supports your ambitions and makes it a priority for you to reach your goals? Is helping people part of who you are? At MassMutual, we help millions of people find financial freedom, offer financial protection and plan for the future. We do this by building trust with our customers by being knowledgeable problem solvers and prioritize their needs above all else. We Live Mutual.

As a member of MassMutual’s Law Department, the Lead Counsel, Investment and Corporate Tax is responsible for providing legal advice and counsel to help minimize the domestic and global tax burden of the parent organization and its subsidiaries.  This attorney will be an integral part of MassMutual’s corporate law team, which is responsible for supporting the legal needs of MassMutual’s corporate units, including the investment management, venture capital and corporate finance areas.

The successful candidate is required to be proficient in, and to engage in the practice of, certain areas of federal income tax law. In this individual contributor role, the successful candidate will join an engaged team of tax professionals who work to reduce the Company’s exposure to tax risk, ensure ongoing Company compliance with applicable state and federal tax laws, consult regularly with the Company’s business teams and other members of the Law Department to maintain a cohesive Company tax strategy, and ensure adequate programs are developed and implemented within MassMutual to mitigate potential tax issues that may negatively impact the Company.  At MassMutual we promote an environment that fosters and supports diversity, equity and inclusion and reflects MassMutual’s mission and goals. We will consider a remote position for a highly qualified candidate.

What you’d be doing as Lead Counsel, Investment and Corporate Tax

  • Support MassMutual’s business strategy, goals and objectives by providing high quality legal advice with particular focus on the Company’s domestic and foreign investment management business and Human Resources matters
  • Provide legal support for certain tax matters relating to the domestic and foreign investment management business, including taxation of financial instruments such as debt instruments and derivatives, as well as private equity and venture capital investments
  • Provide legal support for all tax matters relating to MassMutual’s Human Resources department (including matters relating to worker classification, payroll reporting/withholding compliance, employment tax, FICA, and various benefits) as well as certain executive compensation matters
  • Provide legal support relating to domestic and international tax withholding and reporting matters
  • Provide legal support for all tax matters relating to MassMutual’s Aviation Department
  • Provide MassMutual’s Corporate Tax Department with research, planning and legal advice to develop a comprehensive company tax strategy and to minimize MassMutual’s tax exposure, and help develop sound tax return positions
  • Manage various operational tax inquiries and issues as they develop within MassMutual’s business operations
  • Collaborate with other tax colleagues to provide technical support to the MassMutual Federal Government Relations team to evaluate the potential impact of proposed federal tax legislation and Treasury regulations on MassMutual and its subsidiaries’ business interests
  • Collaborate with other tax colleagues to actively participate in life insurance industry forums and committees, such as the American Council of Life Insurers, and present and advocate MassMutual’s views on pending legislation and regulatory activity
  • Collaborate effectively and build trust with legal and business professionals across all divisions of the company
  • Develop a network of national tax advisors, including representatives of tax law firms and accounting firms, who will assist in providing excellent and efficient tax advice and who will support MassMutual’s diversity, equity, and inclusion goals

REQUIREMENTS

  • Must have significant tax law experience relating to the tax matters described in “Primary Responsibilities” above; prior experience with financial institutions and products is a plus
  • JD degree from an ABA accredited U.S. law school
  • Admitted to a state bar; must be admitted to Massachusetts bar or registered as in-house counsel within 6 months of start date
  • Minimum 7 years legal experience in a respected law firm(s), government and/or corporate tax law department OR minimum 5 years of such legal experience and a minimum of 4 years of relevant tax, audit, compliance or finance work with an insurance company, consulting or accounting firm
  • Experience advising high level corporate executives or clients
  • Excellent judgment and legal and business acumen; ability to think like a business person, to integrate legal and business issues and to partner with business leaders
  • Strong ability to develop professional relationships with clients, legal colleagues and business leaders across the organization
  • Commercially minded, but with a keen attention to risk and ethics
  • Demonstrated leadership, integrity, professionalism and collegiality
  • Strategic, creative and innovative
  • Capable of inspiring confidence in others
  • Excellent oral and written communication skills
  • Team orientation; works well with others and is someone who fosters and encourages teamwork across organizations and functions
  • Responsive to client and team member needs
  • Ability to travel (less than 15%)
  • Authorized to work in the US without sponsorship now or in the future

 CORE VALUES                                                              

 ·        Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.

·        Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies. 

·        Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential. 

·        Work Collaboratively:  We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, and one brand.

·        Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.

COMPENSATION  

 We pay competitive base salaries and we reward performance. Our salary structure is commensurate with experience. In addition, you will be eligible to participate in our comprehensive benefits program including medical insurance and 401(K).