Corporate Tax Director
Apply NowCompany: Eastern Bank
Location: Boston, MA 02115
Description:
Job Description
The Tax Director is primarily responsible for the tax provision, tax compliance, tax planning and research, and monitoring tax-credit investments. The Director will work closely with the outside tax accountants and taxing authorities as necessary.
PROBLEM SOLVING & DECISION MAKING:
This position is responsible for understanding and accounting for income taxes, as well as the understanding the requirements for compliance reporting. The Tax Director functions with limited direction and makes independent recommendations for changes to the systems and processes including tax automation systems.
Education and Experience
Skills/Knowledge
About Us
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.
The Tax Director is primarily responsible for the tax provision, tax compliance, tax planning and research, and monitoring tax-credit investments. The Director will work closely with the outside tax accountants and taxing authorities as necessary.
- Preparation of the Tax Provision in Accordance with ASC 740
- Oversee and manage the tax department staff:
- Making employment decisions, reviewing performance, and making salary recommendations;
- Assigning work and advising subordinates when necessary
- Resolving personnel problems when they occur
- Review and approve all staff work related to the tax provision, tax return workpapers, tax credit investments, disclosures, etc..
- Review the Corporate Income Tax Returns Prepared by Outside Tax Accountants
- Ensure all income tax extensions and returns are filed timely
- Oversee the information request list provided by outside tax accountants
- Make quarterly estimated tax payments in a timely manner
- Respond to inquiries, including but not limited to examinations, from various tax jurisdictions
- Review Tax-Credit Investments
- Ensure the Company can utilize tax credits
- Review accounting treatment (i.e. proportional amortization method)
- Review cashflows and track investment performance over the life of the investment.
- Collect K-1s and track book/tax basis
- Work closely with the Community Development Lending group to obtain necessary approvals for tax credit investments (i.e. internal approvals, Division of Banks, FDIC, etc.)
- Provide Corporate Income Tax Planning and Analysis
- Manage the Quarter-end and Month-end Income Tax Process Including Regulatory and Internal Disclosures and Deliverables.
PROBLEM SOLVING & DECISION MAKING:
This position is responsible for understanding and accounting for income taxes, as well as the understanding the requirements for compliance reporting. The Tax Director functions with limited direction and makes independent recommendations for changes to the systems and processes including tax automation systems.
Education and Experience
- Bachelor's degree in accounting
- 10+ years of job-related experience.
- CPA required
- Master's degree in taxation desirable
Skills/Knowledge
- Strong technical tax accounting skills
- Excellent organizational skills, problem solving and analytical skills
- Ability to effectively manage vendor relationships
- Exceptional verbal and written communication skills
About Us
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.