Director, Tax

Munich Re; Old Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Director of Tax to lead income and commodity tax provisions in a dynamic environment. This role is pivotal, managing compliance and governance while ensuring strategic alignment with tax laws. The ideal candidate will have a strong background in insurance taxation and a passion for process improvement. Join a forward-thinking company that values diversity and innovation, where your expertise will drive transformative change in the life insurance sector. If you are ready to embrace challenges and make an impact, this opportunity is perfect for you.

Benefits

Professional Development Opportunities

Inclusive Work Environment

Flexible Work Arrangements

Qualifications

• 8-10 years of post-designation tax experience required.
• Post-secondary education and recognized accounting accreditation (CPA, CA/CPA, CMA, CGA).

Responsibilities

• Manage all corporate income and commodity tax provisions.
• Respond to external audit and government domestic tax audit queries.
• Monitor and analyze strategic tax activities.

Skills

Tax Compliance

Tax Governance

Audit Management

Strategic Tax Analysis

Excel Proficiency

Accounting Accreditation (CPA, CA/CPA, CMA, CGA)

Insurance Taxation Knowledge

Time Management

Process Improvement

Education

Post-secondary education

Completion of CICA In-depth tax course

Tools

MS Word

Taxprep software

Job description

The Director, Tax will be responsible for all income and commodity tax provisions and returns and report to the VP, North American Tax Life & Health. This role is responsible for the local tax authority domestic audit deliveries and requirements, along with research of various tax related topics and providing or assisting in interpretation. The Director, Tax (Insurance) also manages or provides assistance in a variety of tax compliance and governance/administration functions.

Key Accountabilities

Tax Compliance and Governance

• Manage all quarterly and annual corporate income and commodity tax provisions
• Manage the annual return and supporting schedules for the Life Branch and Management Service Company and other related companies
• Manage the tax investment schedules including the preparation of the Canadian Investment Fund
• Gather and verify all supporting documentation from various departments
• Manage and review all tax reporting requirements to Head Office group tax
• Manage and review the income tax and commodity tax continuity schedules and tax rate table
• Analyze provision to return differences
• Responsible for corporate tax installment remittances process
• Participate in Tax Compliance and Governance projects as required

Domestic Tax Audits

• Responsible for responding to annual external audit and government domestic tax audit queries
• Project manage audit query responses including the coordination with various departments making significant connections between various parties to present a cohesive representation of the information
• Develop strong relationships with Tax authorities
• Maintain organized audit ready files with appropriate documentation that are fully referenced and supported

Strategic

• Monitor and analyze various strategic tax activities (Branch Tax Election and SFFO)
• Assist in tax related special projects, research and analysis (Payroll, Pension, Group Tax)
• Contribute to various other projects (Solvency II, Investment Duration analysis, M&A due diligence)
• Continuous development of process improvements and automation to the tax compliance process
• Perform research and analysis independently to support tax positions
• Provide technical support to ensure compliance with federal and provincial and applicable foreign and domestic tax laws and regulations

Risks, Controls and Operational Excellence

• Assist in the management or manage tax legal matters to resolution (Items in Appeals/Courts)
• Partner with various departments to develop and create efficiencies
• Establish process alignment and improvements (Technical Accounting, Reporting, Data Analytics)
• Create and maintain documentation that supports the company's tax position

Required Knowledge, Skills, and Experience

• Post-secondary education and recognized accounting accreditation (CPA, CA/CPA, CMA, CGA)
• Completion of CICA In-depth tax course is required
• 8-10 years post designation tax experience required (9-12 years post-graduation)
• Knowledge of Insurance taxation is required (Life or P&C)
• Demonstrated passion for establishing best practices and embraces opportunities for change through process and technology efficiencies
• Well-developed time management skills with ability to prioritize tasks and work efficiently under tight deadlines
• Ability to present financial information in a clear and concise manner
• Advanced skills in Excel. Strong proficiency with MS Word, Excel and Taxprep software

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [e-mail] as soon as practical so that suitable accommodations can be arranged.