Director of Tax – Acorns

30% 1-Year Employee Growth Rate | 8% 2-Year Employee Growth Rate | LinkedIn | $207M Venture Funding

What Is Employee Growth Rate & Why Is It Important?

Acorns is how everyday consumers can save & invest for the long term. By putting tools of responsible wealthmaking in everyone’s hands, Acorns has become the largest subscription service in U.S. consumer finance, serving millions of everyday Americans subscribers. Customers get automated investing in diversified portfolios, built with help from experts like Nobel Laureate economist, Dr. Harry Markowitz. Acorns easy retirement account allows customers to invest for a better life later in minutes, no expertise required. To help everyone spend smarter, Acorns introduced banking that invests with every swipe, and cash-forward rewards. And, everyday Americans may invest in their kids and get money news they can use, all from the same app. Customers have invested billions with Acorns, much of it in spare change. From acorns, mighty oaks do grow!

Reporting to the Chief Accounting Officer, the Director of Tax will oversee all aspects of Acorns’ tax function.  We are looking for a tax and accounting expert to oversee, manage and facilitate the accurate preparation and filing of our company’s state and federal tax forms, as well as oversee the quarterly and annual income tax provision. The ideal candidate is a team player who manages the tax function to greater performance, creates and implements tax plans and works with the accounting and leadership teams to identify opportunities for process improvement and potential areas of risk. The Director of Tax will ensure compliance with state and federal tax law through a series of systems and system controls that are designed to ensure accurate, timely reporting. They will monitor current and impending changes to tax regulation and make the appropriate updates to policies and strategies. The ideal candidate is single minded in their pursuit of ensuring compliance and achieves this goal through optimizing reporting procedures and driving a successful tax function.

This role has the option to be remote or based in our Irvine, CA or New York, NY offices.

Responsibilities for the Director of Tax:

• Facilitate and manage the preparation and review of company federal and state tax returns and the accurate, timely filing of all tax forms.
• Ensure accurate, timely filing of consolidated federal, state and local income tax returns and other business-related filings.
• Find and implement opportunities for process improvement in company tax procedures.
• Develop and implement strategic tax planning for all necessary federal and state taxes. Including but not limited to R&D credits, Section 382 limitations, and State Tax Nexus.
• Manage the tax function and prepare components of the company’s US federal income tax return and other tax documents.
• Plan for and develop an overall return calendar and coordinate timing and inputs with tax consultants and legal team.
• Maintain effective control procedures over all aspects of the tax process.
• Manage and facilitate IRS and state income tax audits: preparing responses, creating schedules, etc.
• Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and create strategies to capitalize on changes to taxation legislation.
• Provide support with various internal audits and special tax and legal related projects.
• Review tax returns and quarterly/yearly tax provisions and projections.
• Develop a vision for the future state of the tax function and internal resources required.
• Lead all tax due diligence of potential mergers and acquisitions.

What you will bring to Acorns:

• Extensive corporate tax knowledge, including sales and use tax, property, and other business excise taxes.
• Preparation of quarterly and annual tax provisions and forecasts
• Strong accounting, analytical, and research skills.
• Excellent written and oral communication skills.
• Strong knowledge of tax code, compliance and procedures for corporations.
• Familiarity with U.S. federal, state and local reporting requirements.
• Strong experience with a variety of tax operations and ability to drive process improvements.
• Strong ability to utilize project management and accounting best practices to organize and prioritize tasks.
• Ability to work well independently as well as the ability to work well with stakeholders and communicate the benefits of tax initiatives.
• Strong organizational and interpersonal skills.
• We are looking for a candidate with 9+ years of experience in a tax manager or public accountant role and at least 2 years of experience in a management role. Preferred candidates have a current CPA license and a college degree in an accounting discipline. The Director of Tax must be proficient with the following software/tools:
  • Strong skills and experience with Microsoft Office products
  • Familiarity with tax research and compliance tools
  • Experience with ERP platforms

What we offer: 

• Competitive salary and stock options
• A comprehensive benefits package to meet the needs of you and your family
• Flexible paid time off
• Numerous career possibilities that allow you to grow with Acorns
• Talented and motivated team members who care deeply about one another, our mission and our customers.
• The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges.

About Acorns:

Acorns is the leading micro-investing app in the U.S. It allows users to round up their daily purchases and automatically Invest the Change® into a low-cost, diversified portfolio of exchange-traded funds offered by some of the world’s top asset managers (including Vanguard and BlackRock). Founded in Newport Beach, Calif., by father and son team Walter and Jeff Cruttenden, Acorns provides a simple entry-point using the Acorns app on iPhone or Android. Customers accumulate fractional shares in one of five portfolios constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns’ smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow.

Mission:

With benevolence and courage, we look after the financial best interests of the up-and-coming; beginning with the empowering step of micro-investing.

Commitment to Diversity, Equity & Inclusion:

Acorns believes diversity, equity and inclusion are fundamental obligations that strengthen our team. We need a diverse, multi-disciplinary team to build a meaningful company and culture.

Values:

1. Lead with heart
2. Make bold decisions
3. Always build trust
4. Never stop growing
5. Find a way

Tagged as: 201-500 Employees, Hide US-Only Jobs, Venture Funded