Manager, Income Taxes

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Summary

This position oversees the income tax teams ensuring timely and accurate returns are filed; providing guidance and direction to team members. The position is also responsible for computations of monthly and annual global tax provisions. Assigns tasks to team and manages their development. Reviews processes and creates efficiencies, while ensuring internal controls are adequately employed.

Schedule and Location

This position is based in Johnston, RI and follows an office-based work model. Flexibility for remote work one day per week, either Tuesdays or Fridays, based on business needs.

Essential Functions and Responsibilities

Tax Compliance

Oversees the income tax team in preparation of tax return compliance including return consolidation, annual GAAP income tax provisions, global tax provision consolidation, quarterly statutory income tax provisions, estimated tax payments, regulatory matters, and related documentation

This includes coordinating and assignment of tasks, reviewing tax calculations, returns and provision work, and ensuring the timely and accurate completion of tax filings and financial reporting requirements

Provides guidance and direct support on the interpretation of complex tax rules

Projects

• Work with senior tax management on projects as needed
• Assists in the handling of internal and external tax audits
• Facilitates timely provision of information in support of federal and state audits
• Supports calculations for modeling and scenario planning

Staff Development

• Responsible for developing and maintaining the tax technical competency of the team, providing professional development opportunities for staff members
• Manages employee performance and job accountabilities against individual, division, department and corporate objectives
• Drives effective use of tax technology, including Corptax, Copilot and other automation and efficiency tools, to enhance the quality, consistency and efficiency of the tax compliance process
• Responsible for ensuring efficiencies are achieved, as well as internal control standards are met

Finance

Coordinates with other finance divisions and monitors timely preparation of tax information to support GAAP and/or statutory financial statements

Ensure financial statements reflect statutory and GAAP accounting standards

Required Education

Bachelors Degree in Finance, Accounting, Economics, Business Administration or a related field (a combination of education, professional work experience and skills will be considered in lieu of a degree)

Highly Preferred Education

Masters in Taxation/MBA/JD

CPA Designation

Required Work Experience

6+ years relevant work experience in tax

Highly Preferred Work Experience

• 2+ years lead or supervisory experience
• Professional work experience within a large size global organization
• Insurance industry experience

Required Technical Skills

Working knowledge of GAAP financial reporting

Experience with Corptax software

Strong tax technical and research skills, including the ability to interpret and apply complex federal income tax laws, regulations and other authoritative guidance to business transactions and tax return positions, and to clearly explain the technical basis and rationale for tax treatments and adjustments

Required Soft Skills

• Excellent communication skills
• Ability to read and understand tax technical language
• Analytical/critical thinking and root cause analysis

Highly Preferred Skills

Knowledge of statutory and investment accounting