Corporate Tax Counsel (RELOCATION AVAILABLE)

State Farm; Chicago, Northern (IL, KY); On-site; USD 185,000 - 280,000; Full time

Benefits offered by this job

Hybrid work arrangement

Relocation assistance

Educational benefits and tuition aid

Health and wellbeing benefits

Job summary

State Farm is opening a satellite office in Chicago and seeks an experienced attorney to join the Tax, Reinsurance and Financial Counseling unit of the Corporate Law Department.

The role focuses on federal, international, state and local corporate tax matters, with responsibilities spanning audits, compliance, and complex transactions. Hybrid work in Chicago, IL; relocation support available.

Qualifications

• Understanding of insurance company taxation is helpful.
• Experience with mergers & acquisitions, reinsurance and tax credits is helpful.
• Law degree from ABA-accredited law school with excellent academics.
• Active license to practice law in at least one state and in good standing.

Responsibilities

• Provide legal advice on federal and state audits and controversy work.
• Advise on tax compliance.
• Advise on transactions including mergers, acquisitions, reinsurance and tax credits.
• Advise on issues for the State Farm Mutual Automobile Insurance Company and affiliates.
• Analyze legal problems and interpret laws and regulations.
• Approach matters and litigation creatively.
• Serve as a resource for the organization on complex issues.

Skills

Tax knowledge

Mergers & acquisitions experience

Insurance tax knowledge

Education

ABA-accredited law degree

Active state bar license

Job description

Overview

State Farm is excited to announce the opening of a satellite office in Chicago. We are seeking particular subject matter expertise to supplement our Bloomington, IL-based Corporate Law team.

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

LOCATION: Chicago, IL Corporate Law Department Satellite Office

HYBRID WORK ARRANGEMENT: A "Hybrid" position means selected candidates will be required to work in our Chicago, IL Corporate Law Department Satellite Office and will spend some time working both in office and from their home. Work arrangements could change over time based on business need.

RELOCATION: Assistance is available, if necessary.

Responsibilities

The Opportunity

At State Farm, our Law Department is more than a legal function—we are trusted business partners who help shape strategy, manage risk, and support one of America's most recognized brands. Our attorneys are challenged with sophisticated legal issues, empowered to make meaningful contributions, and supported by a collaborative culture that has been a hallmark of State Farm since 1922. This position is within the Tax, Reinsurance and Financial Counseling unit of the Corporate Law Department, located in our new satellite office in Chicago's West Loop.

The unit advises on insurance-related tax, and general corporate tax issues. It also focuses on tax and ERISA issues concerning State Farm benefit programs and all financial services products offered by State Farm. The unit also advises on international tax issues, acquisitions, reinsurance matters, and financial matters in support of State Farm's advanced planning area.

The primary focus of the Counsel position is to advise on federal, international, state and local corporate tax matters. This position entails not only advising on federal, state/local and international tax matters, but also a wide variety of additional responsibilities.

• Provide legal advice related to federal and state audits and other controversy work;
• Advise on tax compliance;
• Provide legal advice on issues involving various company transactions including mergers and acquisitions, reinsurance and federal and state tax credits;
• Provide legal advice to appropriate representatives of the State Farm Mutual Automobile Insurance Company and its affiliates;
• Provide legal services on behalf of the State Farm Mutual Automobile Insurance Company and its affiliates;
• Analyze legal problems, and interpret laws and regulations;
• Approach legal matters and/or litigation resolution in creative ways; and
• Serve as a resource for the organization on complex issues.

Qualifications

What We Are Looking For

Candidates with 7 or more years of federal and state corporate income tax experience preferably at a medium to large-size law firm, national office of a prominent accounting firm, or in-house corporate legal department.

• An understanding of insurance company taxation is helpful.
• Experience with various company transactions including mergers and acquisitions, reinsurance and tax credits is helpful.
• Law degree from ABA accredited law school and excellent academic credentials.
• Must have active license to practice law in at least one state and a member in good standing of the bar.
• Advanced knowledge of legal principles and practices related to the subject matter of the attorney's area of practice and/or leadership management skills.
• If not already licensed to practice law in Illinois, you will need to obtain at least an in-house limited license for this role, submit an application to the Illinois Board of Admissions within 90 days from your start date, actively pursue the licensure, and keep your supervisor informed throughout the process.
• Proactive mindset, anticipates and responds effectively to client's needs and actively assists clients by practicing preventive law.

Qualified applicants must possess: a commitment to providing quality legal advice, learning agility (including a demonstrated willingness to develop expertise in new subject matters), and a history of enthusiastic participation in a team environment.

Additional Details

• Other than as authorized by the General Counsel or her designee, employees are not permitted to handle any legal business outside of State Farm except authorized pro bono work.
• Newly hired employees must cease all outside practice and all suit involvement before joining State Farm.
• Limited travel may be required via commercial transportation or driving to job related activities and occasional travel to Corporate Headquarters in Bloomington, IL.
• May work irregular hours due to workload and nature of work
• Relocation benefits may be available depending on eligibility and position.

Our Benefits

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $185,000 - $280,000
  • Starting salary will be based on skills, background, and experience
  • High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 30% of base salary

Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.

Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!

Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.

Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!

Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!

Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.

Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.