Sr Investment Tax Analyst

Job Summary

The Sr. Investment Tax Analyst will have primary responsibilities in investment taxation. This position will be responsible for preparing all facets of income tax accounting and income tax compliance for F&Gs Investment portfolio including bonds fixed maturities preferred stocks and derivatives investments.

The responsibilities also include quarterly income tax provision workpaper preparation Federal income tax compliance workpaper preparation investment tax data integrity reviews investment accounting systems (Clearwater) support tax planning support and special projects.

Organization

The Senior Investment Tax Analyst will report to the Tax Manager Investments.

Duties and Responsibilities

• Perform and/or review monthly tax investment data review procedures to help ensure reasonable and accurate tax results for assets tracked within Clearwater. This includes but is not limited to the new purchase review asset transfers review security master file review corporate actions review tax data field reviews researching and identifying variances & exceptions. Work with Clearwater to resolve discrepancies and identify opportunities for management reporting package or dashboard.
• Prepare income tax adjustment calculations and workpapers including reconciliations and periodoverperiod analytics for inclusion in the quarterly current income tax provisions.
• Prepare workpapers and reconciliations to support the tax basis and deferred tax assets reported on the tax basis balance sheet for both life and nonlife entities under ASC740 and SSAP101. Perform tax basis analytics on a period over period basis.
• Prepare income tax adjustment calculations and workpapers in support of the companys life and nonlife entity Federal income tax returns. Prepare and analyze provisiontoreturn trueups.
• Actively participate in new investment process meetings with the tax planning team.
• Assist in implementing the investment tax basis ledger and OneSource Tax Provision (OTP) software
• Assist in the quarterly GAAP capital valuation allowance assessment process including calculating the capital valuation allowance developing tax planning strategies and preparing the quarterly GAAP valuation allowance memo.
• Collaborate with other members of the investment tax team to develop forecasting & projection procedures for inscope invested assets. Prepare investmentrelated adjustments for current and deferred taxes forecasting and analyze the results.
• Assist in maintaining testing and updating of custom tax fields tag aggregates and tax reports within Clearwater including reports utilized by other teams within the tax department and external partners.
• Prepare the quarterly tax impairment analysis which includes analyzing and documenting a securitys eligibility for a partially worthless bad debt deduction calculating the bad debt deduction and ensuring all tax writedowns are properly processed in Clearwater. Work with Clearwater to resolve any discrepancies.
• Provide support for ongoing modernization initiatives within the investment tax function and tax department in general including automation efforts around the monthly tax data review processes tax basis ledger and investment deferred tax rollforwards. Identify opportunities for process improvement propose and implement solutions.
• Perform proper internal controls and help drive continuous improvements to the investment tax control environment.
• Responsible for building out assigned investment tax dashboards investment tax management reports and tax departmentwide reporting packages & dashboards.
• Participate in and lead relevant internal meetings with Investment Investment Accounting and Tax department personnel.
• Contribute to special projects as assigned.

Experience and Education Requirements

• Bachelors degree required with preference in Accounting/Finance
• Minimum 2 years of experience in related field or combination of experience with a professional designation (CPA CFA CIA CISA etc. considered.
• Insurance industry experience preferred
• Professional designation in related field preferred (CPA CFA CIA CISA etc..
• Experience working in regulated environment.

Knowledge Skills & Abilities

• Demonstrated working knowledge of tax accounting and/or general accounting principles.
• Demonstrated knowledge of tax accounting software systems.
• Strong analytical skills with a high level of accuracy and attention to detail.
• Strong organizational and prioritization skills.
• Strong computer knowledge including working knowledge of tax and accounting based software (Clearwater Essbase and Oracle) spreadsheets and word processing software.
• Proficiency with MS Excel; familiarity with Data mining/SQL skills Bloomberg.
• Strong verbal and written communication skills.
• Ability to effectively work and communicate with various levels of employees and management.
• Highly motivated able to work both autonomously and in a team environment and demonstrates the willingness to take on additional responsibilities as needed.
• Highenergy and ability to thrive in a fastpaced environment.
• Ability to identify and implement process improvements internal control enhancements automation and efficiencies.
• Ability to brainstorm research and provide possible solutions to ad hoc questions from the functional areas business partners.
• Willingness and enthusiasm to learn/train in skills needed to support the Tax Department.
• Ability to manage multiple projects independently.
• Use of general office equipment and may require sitting for extended periods of time.
• May require minimal travel within the US.

Other Requirements

• Perform other functions duties and projects as assigned.
• Regular and punctual attendance.
• Ability to travel up to 10.

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