Tax Governance and Compliance Specialist

4 weeks ago


Hartford, Connecticut, United States Career Moves, LLC Full time

Reporting directly to the Chief Accounting Officer, this role oversees US GAAP and Statutory tax accounting governance and compliance of the Company's foreign and domestic income tax filing requirements, indirect tax filing requirements, and tax operations.

About This Role:
  • This position will work closely with the Global Head of Tax on transactions, strategic tax planning opportunities, and solutions in a rapidly changing environment.

The successful candidate will provide management oversight of provision and compliance processes, including federal and state income tax, withholding, excise tax, premium tax, and tax notices/controversy.

This role collaborates closely with the Finance and Investment teams regarding tax-sensitive book accounting and serves as a key liaison with internal/external auditors and external firms performing provision and compliance work.

Main Responsibilities:
  1. Oversee federal and state tax compliance and reporting, including 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.
  2. 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.
  3. Design and execute controls around tax reporting and compliance, minimizing risk to the company of misstated financial statements or tax returns/filings.
  4. Prepare and review US GAAP and STAT tax accounting and reporting deliverables, foreign and domestic tax filings, and other compliance deliverables.
  5. Review and approve US GAAP and Statutory interim and annual current and deferred tax journal entries.
  6. Prepare and certify legal entity tax balance sheet account reconciliations, disclosures, and controls.
  7. Understand quarterly and annual tax results and present to internal stakeholders and auditors.
  8. Work with external auditors to ensure accuracy of tax information in financial statements and sufficiency of related disclosures.
  9. Process quarterly estimated payments and year-end extension payments, and accounting thereof; oversee and review tax projections.
  10. Research and respond to inquiries and notices from tax authorities and research tax issues as needed.
  11. Assist with external/internal audits, including communications with taxing authorities upon exam and responses to income tax notices.
Requirements:
  • Bachelor's Degree in Accounting or Finance; CPA and/or Master's 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.
Estimated Salary:

$212,000 - $262,000 Plus 20% Bonus

Location:

Hybrid - Greater Hartford, CT



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