The Corporate Tax & Insurance Manager is responsible and accountable for all activities pertaining to the tax and insurance functions, including the commercial business insurance program.
Responsibilities:
Knowledge of the business, business concepts and government regulations
Familiarity with the legal entity ownership structure
Familiarity with the nature of the business of each business segment/unit
Familiarity with pharmaceutical industry, including system of distribution and supply chain
Compliance with all federal and state tax laws, in all jurisdictions
Ensure all tax returns and reports are accurately and timely prepared and filed (e.g., income, franchise, property, sales & use)
Ensure all taxes and tax-related fees are timely paid
Keep informed about tax laws; monitor regulatory and legislative developments, as well as judicial cases and decisions
Calculation of the income tax provision for the financial statements
Calculate the provision for income taxes in accordance with U.S. GAAP for the timely closing of the accounting books and inclusion in the financial statements
Prepare appropriate footnote disclosures and analytical commentary for inclusion in the financial statements
Review the income tax provision calculations and footnote disclosures with the independent auditors in connection with year-end audits and quarterly reviews
Management of the corporate insurance program
Review and evaluate the adequacy and appropriateness of insurance coverage
Lead the insurance renewal process, ensuring sufficient lead time for senior management review and approval of renewals
Maintain and update records and files of all insurance policies
Ensure that Certificates of Insurance are received and maintained current from all applicable contracting parties (e.g., CDMO clients, service providers)
Ensure that Certificates of Insurance are sent to only those parties that have a current right to receive it. (Coordinate with insurance broker and our internal accounting/finance staff)
Direct and manage third-party service providers (e.g., tax advisor, SaaS, insurance broker)
Primary point of contact for communications and exchange of data and information
Assess and evaluate the performance of third-party service providers, to ensure the necessary services and value are being received
Monitor compliance and adherence to contractual agreements with third-party service providers
Review and approval of third-party service provider invoices
Maintenance and administration of tax records and files
Maintain and update records and files of all tax returns and reports, including income tax returns, property tax returns, and sales/use tax returns
Maintain written policies and procedures (SOPs)
Prepare/update Policy documents, including for the following: Federal Taxes, State Taxes, Commercial Banking, Customer Credit, Commercial Insurance Program
Prepare/update Standard Operating Procedures (SOPs) documents, including for the following: Preparation and Filing of Tax Returns, Calculation of the Provision for Income Taxes, Documentation of Tax Issues and Positions, Payment Processing, Establishing and Reviewing Customer Credit Limits, Renewal of Commercial/Business Insurance coverage/policies
Projects and tasks as may be assigned or delegated by the CFO
Qualifications:
Bachelor’s degree in Accounting, Finance or Business Administration; concentration in taxation preferable.
Advance degree in taxation desirable.
Minimum of 8-10 years of experience working in the tax practice of a major public accounting firm, with responsibility for tax compliance, tax research and tax planning.
Thorough understanding of U.S. corporation taxation (Federal and States; Income and Sales & Use).
Working knowledge of U.S. GAAP for accounting for tax matters, including knowledge of ASC 740.
General knowledge of commercial banking, cash management and credit management.
General knowledge of commercial business insurance and risk management.
Skilled at reading, interpreting and applying laws, regulations, policies and procedures.
Skilled at reading and understanding complex material, including commercial contracts/agreements.
Adept in critical thinking and analytical reasoning.
Skilled in accurately, concisely and clearly communicating (in “layman’s terms”) information in both written and oral presentation formats.
Ability to initiate, build and maintain cooperative internal and external business relationships.
