Counsel, Tax Planning

About the role

Verizon is seeking an experienced Tax Counsel to join their Tax Planning team. The ideal candidate will have significant experience in mergers, acquisitions, joint ventures, business combinations and divestitures and tax controversy matters, as well as experience with capital markets and corporate treasury transactions.

Responsibilities

• Provide support for special projects which may include acquisitions, dispositions, financings, and captive insurance.
• Identify, design, and implement tax planning opportunities and/or tax risk mitigation strategies consistent with the tax risk profile of the company.
• Partner with Verizon’s tax accounting and compliance teams as needed.
• Partner with the business units to provide tax support for new products and business initiatives while identifying potential tax issues and developing practical solutions that achieve both the desired business outcome and mitigation of tax risks.
• Partner with tax audit teams to respond to information requests and develop technical arguments in support of Verizon’s positions if challenged by a tax authority.
• Assess the impact of new US Federal income tax legislation, Treasury Regulations, and IRS guidance, and work with the Income Tax Operations team to determine the cash and ETR impacts.
• Determine the US Federal income tax impacts of restructuring Verizon legal entities; review and comment on transaction documents to effectuate these transactions.
• Support Verizon’s head of transfer pricing as needed, and the state and local tax team as needed.

Requirements

• J.D. or LL.M. degree and six or more years of experience in a top law firm, public accounting firm, and/or the tax department of a multinational company.
• Active license in good standing from a state bar in at least one state (if not New Jersey, then eligibility for New Jersey In-House Counsel Limited Licensure).
• Experience with tax research and analysis skills and a willingness to learn different areas of tax law, which may include state, local, and international income taxes as well as non-income taxes.
• Knowledge of ASC 740 (FIN 48) and ASC 450 (FAS 5) to assess potential tax exposures, establish appropriate reserves, and draft memorandum supporting Verizon’s tax positions.

Qualifications

• LL.M. in Taxation or Masters in Taxation.
• Experience with international tax concepts (US and non-US), state and local tax concepts, and intercompany transfer pricing.
• Excellent interpersonal skills and ability to build and maintain relationships within a large dynamic organization.
• Outstanding written and oral communication skills adaptive to, and effective for, different audiences.
• A strong work ethic, intellectual curiosity and a mindset that embraces working through complex issues.
• Ability to execute items independently, not just high-level oversight of personnel and/or outside advisors.
• Proven ability to prioritize multiple responsibilities and work in a fast-paced environment, including the ability to identify issues, develop creative/practical solutions, and implement them.
• Ability to collaborate among multiple disciplines within the Verizon Tax Organization while also independently exercising sound judgment.

Skills

• Strong business acumen.
• Solutions-oriented mentality.
• Desire to help the business achieve its objectives while mitigating tax risks for the company.

Benefits

• Health and wellness benefits including medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance, identity theft protection, pet insurance and group home & auto insurance.
• Matched 401(k) savings plan.
• Up to 8 company paid holidays per year and up to 6 personal days per year.
• Paid parental leave.
• Adoption assistance and tuition assistance.
• Other incentives.

Pay

The annual salary range for the location(s) listed on this job requisition based on a full-time schedule is: $161,000.00 - $280,000.00. This is an incentive based position with the potential to earn more.

Schedule

This is a hybrid role, with a defined work location that includes working from home and a minimum of three days per week in the office, which will be set by your manager.