Assistant Director II, Treasury - Unclaimed Property & Escheatment

Description

As a Key leader in Treasury Governance, this role ensures the integrity of our Tax (1099) and Unclaimed Property programs, shaping strategy, strengthening controls and delivering excellence in high-visibility functions.

The Assistant Director II for Governance leads the teams responsible for Tax Information Reporting (including 1099 compliance) and Unclaimed Property program across the organization. The role oversees end-to-end regulatory compliance, ensures accurate and timely reporting, manages complex operational processes, and drives continuous improvement within Governance functions. This position strategically manages staff across multiple units and partners with internal and external stakeholders to maintain compliance with federal, state and jurisdictional requirements.

The leader plays a critical role in maintaining Liberty Mutual’s compliance posture in two high-risk regulatory areas – 1099 tax reporting and Unclaimed Property – while building capabilities, enhancing controls, supporting/leading audits and driving operational excellence.

• Oversees governance programs for Tax Information Reporting and Unclaimed Property, ensuring adherence to all IRS, state and jurisdictional requirements.
• Monitors legislative and regulatory changes affecting tax reporting and unclaimed property; assesses business impact and leads implementation of required process and/or system updates.
• Develops, maintains and enforces policies and business procedures to ensure regulatory compliance and strong internal controls.
• Partners with Legal, Tax, Compliance and business units to ensure alignment and consistent application of governance standards.

• Leads teams responsible for accurate execution of 1099 reporting, withholding, and TIN validation.
• Oversees the Unclaimed Property life cycle, including escheatment processing, due diligence, reporting, audits and state outreach.
• Directs the strategic offshore partnership supporting the Tax and Unclaimed Property operations.
• Ensures the daily, monthly, quarterly and annual operating activities are completed timely and accurately, including validation, reconciliation and year-end reporting.
• Maintains oversight of balancing, reconciliation and audit-ready documentation to support financial reporting, IRS audits and state unclaimed property examinations.

• Partners with Treasury Leadership to define long-term governance strategy for Tax Reporting and Unclaimed Property.
• Defines and prioritizes business and system requirements to enhance operation efficiency, reduce risk and support automation initiatives.
• Represents Governance in discussions with external agencies, regulators, financial institutions and software vendors.
• Communicates regulatory updates, emerging issues and risk assessments to senior leaders and other stakeholders.

• Uses data and analytics to identify risk trends, improve process controls, streamline manual tasks and support continuous improvement initiatives.
• Leads or participates in cross-functional projects involving system enhancements and compliance programs.
• Evaluates and implements new solutions.

• Coaches, develops and manages staff, advancing team capabilities in compliance, risk management and operational excellence.
• Fosters cross-functional collaboration across Treasury, Finance, Tax, Claims and other business units.
• Builds culture focused on compliance integrity, strong controls and high-quality customer service.
• Partners with Director to incorporate unit plans into overall Treasury/business unit(s) strategy.
• Prioritizes work of team to help execute the strategy of units, Treasury and Liberty Mutual.

• Bachelor’s or Master’s degree, preferably in Finance or Accounting
• 15 years of experience in financial role, preferably with Treasury experience
• People leadership experience required
• 1099 tax reporting and Unclaimed Property experience preferred
• Must demonstrate ability to execute thoroughly in a fast‑paced work environment, adapting quickly to changing conditions to…