TaxConnections


Carl Cochrane, JD, LL.M, CPA

Global Tax Leader

Eli Global
Durham, North Carolina, USA

Corporation - Privately-Held

Professional Summary

Financial manager and tax attorney with accomplishments with three of the Big Four KPMG, Ernst & Young, Price Waterhouse / Coopers & Lybrand. Experienced leader of acquisitions with public accounting firms and international insurance holding companies. Harmonized taxes, operations, and transaction structures to optimize profitability and cash flow.

• Used IRS examination and ruling process to qualify non-DOI regulated companies as insurance companies for federal tax purposes to accelerate approximately $100 million in deductions and partially remove income from being subject to state income tax.
• Created tax structure increasing future NOLs/807(f) deductions from $20M to $100M, saving $28M over a period of years.
• Restructured purchase agreements to preserve $20M tax deductions for Universal American Corp (UA) related to potential golden parachute payments.

Key skills: Outstanding motivator, driving out-of-the-box thinking. Persuasive leader and exceptional team player. Strategic thinker, quick to act and creating a sense of urgency in others. Self-motivated visionary, enjoying challenges and competition. Action-oriented problem-solver moving forcefully to get results. Strong written communicator.

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Languages

  • English

Industry Experience

    • Insurance, Life
    • Insurance
    • Financial Services

Interests/Hobbies

  • Woodworking
  • Bridge
  • Chess

Experience

Eli Global
Durham, North Carolina, USA 27713
Global Tax Leader
Corporation - Privately-Held
2018 - 2019
Eli Global is a privately held international conglomerate with US and European insurance investments as well as other commercial interests. I was hired to oversee the tax aspects of the entire conglomerate while focusing on the insurance operations. In May of 2019 the US companies after ELI Global agreed to sell the primary insurance company and all the US insurance companies entered voluntary rehabilitation under the MI and NC DOIs it was decided that my services were no longer needed.
Universal American Corporation
White Plains, New York, USA
Senior Vice President Tax, Tax Counsel
Corporation - Publicly-Held
1998 - 2018
Overseaw tax organization formulating and implementing Universal American’s tax strategies. The emphasis is on minimizing the company’s tax expense without undue risk. Responsible for:1) all aspects of tax accounting including preparation of all financial statements; 2) all tax compliance on an enterprise-wide level (regional, country, and state); and 3) tax planning with the goal of improving tax efficiency reducing both the effective tax rate and cash taxes paid. Enterprise focus, ensuring that tax planning is global and aligning tax practices and policies with business processes and overall business strategies. Responsible for monitoring the company’s compliance with applicable tax laws; coordinating tax optimization with risk management and developing strategies and initiatives that result in significant, bottom-line impact.
Work closely with the financial team and business unit management, assisting them to develop and implement targeted tax planning strategies within their respective business units. Responsible for ensuring compliance and financial statement provisions while minimizing the overall effective tax rate. Responsible for managing all aspects of state and IRS examinations (LMSB), including implementation of preventative tax planning, implementation of proactive controversy management techniques and negotiations to ensure resolution of contested issues with the IRS examination team.
KPMG
Kansas City, Missouri, USA
Senior Tax Manager, Financial Services
Public Accounting Firm - Big Four
1997 - 1998
Managed tax needs of insurance and banking clients. Performed provision calculation and review, return preparation and review, succession planning, company and executive tax planning, IRS audit assistance, and mergers/acquisition tax planning.
Financial Holding Corporation
Kansas City, Missouri, USA
Director of Tax, Assistant Treasurer
Corporation - Publicly-Held
1992 - 1997
Prepared and reviewed federal and state income, premium and franchise tax returns and statutory and GAAP income tax provisions. Supervised IRS audits and prepared partnership agreements for investment partnerships. Performed due diligence and contract review for acquisition candidates.
Ernst & Young
Dallas, Texas, USA
Senior Tax Manager
Public Accounting Firm - Big Four
1989 - 1992
Performed tax consulting for all insurance clients in Texas and bordering states until two major clients were acquired
PriceWaterhouseCoopers
New York, New York, USA
Tax Manager
Public Accounting Firm - Big Four
1983 - 1989
Responsible for Insurance and tax exempt clients in New York City office until graduation from NYU Law School with LLM.

Education

BS, Business Administration
George Mason University
Fairfax, Virginia, United States
JD, Tax
University of Virginia School of Law
Charlottesville, Virginia, United States
LLM, Tax
New York University
New York, New York, United States

Professional Certifications

Certified Public Accountant(CPA)
Active

Bar Admissions

Texas
Active
1993

Washington, DC
Active
1993


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