Vice President, Corporate Tax

Last updated 10 days ago
Location:Riverwoods, Illinois

Discover. A brighter future.

With Discover, you’ll have the chance to make a difference at one of the world’s leading digital banking and payments companies. From Day 1, you’ll do meaningful work you’re passionate about, with the support and resources you need for success. We value what makes each employee unique and provide a collaborative, team-based culture that gives everyone an opportunity to shine. Be the reason millions of people find a brighter financial future, while building the future you want, here at Discover.

Job Description

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Discover has grown to become one of the top five direct banks in the United States since its founding in 1986, and today is well positioned to pursue its vision to be the leading direct bank and payments partner. The company issues the Discover card and is a leader in other banking products that include private student loans, personal and home equity loans, checking and savings accounts, as well as certificates of deposit. It also operates the Discover Global Network, which is comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world.

Discover has established a strong track record of performance since becoming an independent, publicly traded company in 2007. For 10 years, it was the top-performing stock in the S&P 500 Financials Index and the company has grown total loans from $48 billion in 2007 to $96 billion in 2019, deposits from $25 billion to $73 billion, network volume from $186 billion to $403 billion, and net income from $0.6 billion to $2.9 billion.

Discover’s performance is driven by 18,000+ employees who are united by shared values and who are committed to making a difference every day for our customers, owners, communities and one another. Thanks to these employees, Discover receives awards and recognition year-in and year-out for innovative products and features, workplace quality, corporate citizenship, and for providing an industry leading customer experience based on 100% U.S.-based customer service.

The Position:

The Vice President, Corporate Tax is a key leadership position in the Finance organization. In addition to ensuring compliance with Federal, State, Local and International tax laws, this roles objective is to maximize global profitability and sustainability by minimizing tax liability. This individual will lead a team of tax professionals and look for ways to continuously improve core functions and create efficiencies.

Key Responsibilities:

Research and Planning:

  • Develop appropriate tax planning initiatives/strategies and recommendations to ensure the most effective tax position for the company

  • Provide analysis of the tax impact of proposed transactions and develop tax efficient approaches for each transaction

  • Direct the activities of outside counsel and advisors on tax related issues

  • Identify and lead the implementation of tax strategies that will help to reduce the company’s overall effective tax rate

  • Summarize and present tax information to various areas of the company and respond to inquiries from the business areas

  • Provide guidance on proposed or enacted tax legislation, including staying current on emerging issues

Compliance:

  • Ensure all required returns, reports and payments are filed correctly, timely and with appropriate documentation to support tax calculations and positions taken.

  • Determine proper treatment and documentation of transactions in the US (and certain foreign jurisdictions on a limited basis)

  • Ensure that intercompany transfer pricing are properly documented and supported

Audits and Tax provisions:

  • Oversee the identification of tax exposures and ensure that appropriate considerations are made in determination of tax provisions communicated to the Board of Directors, CFO and disclosed publicly as appropriate

  • Managing relationships with taxing authorities, audits, appeals, tax related litigation and approve any settlements

  • Direct staff that will develop responses to inquiries from tax authorities

Ensuring all tax returns are complete, carefully reviewed and timely filed; and leading a staff of employees

Qualifications:

  • Bachelors degree in Finance, Accounting or Economics. Masters in Business administration degree highly preferred

  • 10+ years of broad and deep finance and tax experience

  • Extensive U.S. Federal and State income and transaction tax knowledge

  • Extensive experience in identifying, analyzing, and communicating complex tax issues and their impact on the company and its operations to key stakeholders, and executive leaders

  • Strong analytical skills

  • Has superb written and verbal communication skills

  • Track record as a trusted advisor and business partner - driving business insights, actions, and accountability, with a customer service-oriented attitude

What are you waiting for? Apply today!

The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.

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What are you waiting for? Apply today!

The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.