Corporate Tax Counsel

Location

US-IL-Bloomington

Job Category

Legal, Compliance, and Risk Management

Position Type Regular Full Time

Req ID

42518

Overview

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. Come join a #1 team and do some good!

Work Location : Bloomington, IL-Corporate

Hybrid Work arrangement : A "Hybrid" position means selected candidates will be assigned to a facility and will spend some time working both in office and from their home.

At State Farm®, our mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm has held its own as the number one insurer of auto, home, and life in the nation.

Responsibilities

The position is within the Tax, Reinsurance and Financial Counseling unit of the Corporate Law Department. The unit advises on insurance tax, and general corporate tax issues. 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 advises on international tax issues, acquisitions and reinsurance matters. The unit also advises on estate planning and financial counseling issues in support of State Farm's advanced planning area.

The primary focus of the Counsel / Attorney position in the Tax, Reinsurance and Financial Counseling unit 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 4 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 and international 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

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 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

Travel may be required via commercial transportation or driving to job related activities

May work irregular hours due to workload and nature of the work

This position is classified as a hybrid role, meaning that the work arrangement calls for hours in the office and virtually. Everyone in a hybrid role is required to spend some time in office. Work arrangements could change over time based on business needs.

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 : $135,000 - $195,000

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 of up to 24% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

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.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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