Principal, Tax

OCC; Chicago (IL); Hybrid; USD 156,000 - 221,000; Full time

Job summary

A leading organization in equity derivatives clearing is seeking a Tax Strategy Leader to optimize tax strategy and ensure compliance with regulations. This strategic role involves managing tax provisions, conducting planning, and collaborating with stakeholders, while fostering continuous improvement in tax operations. Candidates should possess significant experience in financial services, particularly in corporate tax compliance, and strong analytical capabilities.

Benefits

Tuition Reimbursement

Student Loan Repayment Assistance

Technology Stipend

Generous PTO and Parental leave

401k Employer Match

Competitive health benefits

Qualifications

• 8-10 years of financial services experience, preferably in financial services.
• Strong expertise in ASC 740 and corporate tax compliance.
• Ability to meet deadlines, prioritize and delegate duties.

Responsibilities

• Manage and review income tax provisions in accordance with ASC 740.
• Conduct tax planning and research according to current tax laws.
• Oversee compliance with tax controls and documentation requirements.

Skills

Analytical skills

Communication skills

Problem-solving

Education

Bachelor’s degree in Accounting or related field

Master’s degree in Accounting or related field

Tools

Microsoft Office Suite

Tax technology and software

Oracle ERP

Job description

*****THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

What You'll Do:

OCC seeks a strategic leader to oversee all aspects of tax strategy, compliance and reporting for the organization. This role will focus on ensuring compliance with GAAP, federal and state regulations, while optimizing the current tax strategy. The ideal candidate will thrive in a fast-paced environment, demonstrate strong analytical skills, leverage financial and tax strategies, and optimize operational tax processes to enhance business decisions. This leader will manage relationships with internal stakeholders, external advisors and outside regulatory agencies.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Manage and review income tax provisions in accordance with ASC 740, prepare disclosures in GAAP financial statements, and review complex corporate tax calculations

• Conduct tax planning and research according to current tax laws, and advise senior management on the tax impact of current and proposed company activities and transactions

• Identify ways to minimize the organization’s tax liability each year in accordance with current tax laws

• Facilitate communication with appropriate government agencies, external partners and in-house counsel related to tax matters

• Oversee reporting and payment of all local, state and federal taxes, ensuring compliance with all tax laws

• Oversee compliance with tax controls and documentation requirements

• Implement policies, procedures and practices related to tax provision and compliance processes

• Research complex tax-related matters and implement effects of changes in tax laws and regulations

• Lead tax audits in collaboration with external partners

• Manage tax-planning projects, integrating leading practice tools and processes to mature the internal tax function

Supervisory Responsibilities

• None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• [Required] Strong expertise in ASC 740 and corporate tax compliance

• [Required] Ability to meet deadlines, prioritize and delegate duties

• [Required] Excellent communication skills, both verbal and written

• [Required] Strong knowledge of U.S. Generally Accepted Accounting Principles (GAAP)

• [Required] Ability to concurrently advance multiple tasks and projects with limited supervision

• [Required] Ability to provide effective business solutions and collaborate with senior management in problem resolution

• [Required] Ability to adapt effectively and efficiently to change (systems, processes, etc.)

• [Required] Strong analytical review and judgment, communication, organizational and project management skills

• [Preferred] Prior regulatory work environment experience

Technical Skills

• [Required] Proficient with Microsoft Office Suite

• [Preferred] Experience with tax technology and software

• [Preferred] Proficient with Oracle ERP

Certifications

• [Preferred] Certified Public Accountant

Education and/or Experience:

• [Required] Bachelor’s degree in Accounting or related field; Master’s degree preferred

• [Required] 8 - 10+ years of financial services experience, preferably in financial services

• [Required] Experience with tax issues and preparing supporting documentation for tax preparer

About Us

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

$156,200.00 - $220,500.00

Incentive Range

18% to 25%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application andattach your resume.

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer