Director of US Tax, SoFi
$160-275k
+ Bonus + Long Term Incentive
Mobile & online personal finance services
Be an early applicant
Mobile & online personal finance services
1001+ employees
Be an early applicant
$160-275k
+ Bonus + Long Term Incentive
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- Education: Bachelor’s degree in Accounting, Finance, or a related field required. Master of Science in Taxation (MST) or Certified Public Accountant (CPA) designation required
- Experience: 10-15+ years of progressive corporate tax experience, with a portion in a leadership role within a multinational public company or a large public accounting firm serving multinational clients
- Deep expertise in ASC 740 principles and SEC reporting requirements for income taxes
- Extensive knowledge of US federal, state, and local income/franchise tax laws and regulations
- Proven experience with international and multistate tax issues
- Proficiency with tax technology solutions (e.g., OneSource Tax Provision) and financial modeling tools (e.g., Alteryx, Power BI, Tableau)
- Proven leadership and team management experience, with a track record of building, developing, and mentoring high-performing tax professionals
- Exceptional ability to lead and drive complex projects to successful completion in a deadline-driven environment
- Demonstrated ability to think strategically, analyze complex tax issues, and develop practical, business-oriented solutions
- Strong analytical, problem-solving, and organizational skills with high attention to detail
- Excellent written and verbal communication skills, with the ability to articulate complex tax concepts clearly and concisely to diverse audiences, including senior executives and non-tax professionals
- Strong interpersonal skills and the ability to build effective relationships and collaborate seamlessly with cross-functional teams
- Self-starter, highly collaborative, and possesses a strong work ethic
- Inventive, resourceful, and adaptable to competing demands, organizational changes, and new responsibilities
- Dedication to providing high-quality work and driving continuous improvement
- Financial and/or Tech Sector experience preferred
What the job involves
- We are seeking a highly experienced and strategic tax professional to lead our US tax operations, SEC reporting, and compliance functions
- Reporting directly to the Global Head of Tax, this pivotal role will be responsible for setting US tax strategy, driving tax forecasting and modeling initiatives, and ensuring comprehensive tax compliance and optimization across the organization
- The successful candidate will be a proactive leader, collaborating extensively with cross-functional teams to integrate tax considerations into business decisions and foster a culture of excellence within the tax department
- Develop, articulate, and execute the overall US tax strategy in alignment with the company's global tax objectives and overarching business strategy
- Identify, analyze, and implement strategic US tax planning opportunities to optimize the company's tax position while ensuring compliance with all applicable tax laws
- Proactively monitor and analyze proposed and enacted US tax legislation, regulatory changes, and judicial developments, assessing their impact on the company and recommending strategic adjustments
- Oversee and manage the accurate and timely preparation and filing of all US federal, state, and local income/franchise tax returns, estimates, and extensions, ensuring compliance with all applicable tax laws and regulations
- Lead and drive tax compliance transformation initiatives, leveraging technology and process improvements to enhance efficiency, accuracy, and scalability of US tax operations
- Manage and lead all US federal, state, and local tax audits and inquiries, developing effective audit defense strategies and negotiating resolutions
- Provide oversight and strategic direction for the accurate and timely preparation and review of the global tax provision (ASC 740) for SEC reporting purposes, including related financial statement disclosures
- Establish, maintain, and continuously improve robust SOX 404 tax accounting controls, ensuring compliance and mitigating risks
- Lead the US tax forecasting process, providing accurate and timely projections of effective tax rates, cash taxes, and tax-related financial metrics
- Develop and implement sophisticated tax modeling capabilities to analyze the tax implications of various business initiatives, legislative changes, and strategic alternatives
- Serve as a tax liaison and strategic partner to various internal departments, including Finance (CFO, FinLeads, FP&A), Accounting (Controller, Accounting Operations), Legal, Human Resources (compensation, benefits), Treasury, and Business Units
- Provide expert tax advice and ensure tax considerations are integrated into business decisions and processes across the organization
- Communicate complex tax concepts in a clear and concise manner to non-tax professionals and senior leadership
- Lead the tax due diligence and integration efforts for mergers, acquisitions, and divestitures, assessing tax implications and structuring transactions efficiently
- Lead, mentor, and develop a high-performing US tax team, fostering a culture of continuous learning, collaboration, and excellence
- Manage team performance, provide coaching, and support professional growth
- Provide expert technical tax guidance and thought leadership on complex US tax matters, preparing comprehensive technical memorandums to support tax positions and advising senior leadership
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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