Reporting directly to the Chief Accounting Officer (CAO), this role is responsible for US GAAP and Statutory tax accounting oversight and governance of the Company's foreign and domestic income tax filing requirements, indirect tax filing requirements, and tax operations. The role will also work closely, through a dotted line relationship, with the Global Head of Tax, on transactions, strategic tax planning opportunities, and solutions in a rapidly changing environment, as well as identifying efficiency opportunities in processes. This role requires a strong understanding of an effective and efficient control environment and will provide management oversight of the provision and compliance processes, including federal and state income tax, withholding, excise tax, premium tax, and tax notices/controversy. This role will collaborate closely with the Finance and Investment teams regarding tax-sensitive book accounting and be a key liaison with internal/external auditors and external firms who perform provision and compliance work.
Responsibilities:
- Oversee federal and state tax compliance and reporting, including the timely filing of US federal income tax returns and related state income and franchise tax returns, for life and non-life entities, and information reporting for all Group entities.
- Oversee and liaise with third party firms responsible for managing tax compliance and reporting calendars and ensure timely and accurate completion of all tax compliance and reporting deliverables.
- Oversee the design and execution of controls around tax reporting and compliance, minimizing risk to the company of misstated financial statements or tax returns/filings.
- Collaborate internally and with third party firms in preparing and reviewing US GAAP and STAT tax accounting and reporting deliverables, foreign and domestic tax filings, and other compliance deliverables.
- Review & approve US GAAP and Statutory interim and annual current and deferred tax journal entries.
- Oversee the interim and annual preparation and certification of legal entity tax balance sheet account reconciliations, disclosures, and controls.
- Understand quarterly and annual tax results and present to internal stakeholders and auditors.
- Work with the company's external auditors to ensure the accuracy of tax information in the financial statements and the sufficiency of the related disclosures.
- Oversee the timely processing of quarterly estimated payments and year-end extension payments, and accounting thereof; oversee and review tax projections.
- Research and respond to inquiries and notices from tax authorities and research tax issues as needed; oversee the analysis of the impacts of potential tax law changes.
- Assist with external/internal audits, including communications with the IRS or other taxing authorities upon exam and responses to income tax notices.
- Provide support and oversight of process improvement implementations to improve the efficiency and effectiveness of the tax accounting, reporting, and compliance functions.
Requirements:
- Bachelors Degree in Accounting or Finance; CPA and/or Masters in Tax/Accounting highly preferred.
- Minimum 15 years of tax reporting and compliance experience, preferably in the life insurance industry, or 10 years in a tax practice of a major accounting firm working with life insurance companies.
- Experience dealing with federal, state and local tax regulators; technical expertise and experience in life insurance tax and tax accounting (ASC 740, SSAP101) a plus.
- Technical expertise and experience in consolidated tax return regulations as well as Life/Non-Life group issues a plus.
- Superior analytical skills with ability to synthesize and summarize data; ability to clearly communicate and simplify complex financial and process-related information to management.
Salary:
$190,000 - $230,000 Plus 20% Bonus
Location:
Hybrid - Greater Hartford, CT
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