Director, Tax Investments
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Job Location:
Des Moines, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Summary
The Director Tax Investments will be a subject matter expert with primary responsibilities in investment taxation. This position will be responsible for all facets of income tax accounting income tax compliance tax data quality and tax reporting for F&Gs Alternative Investment portfolio including partnership investments investments in disregarded entities mortgage loan investments and derivatives portfolios.
The Director Tax - Investments will report to the AVP Tax and will have direct reports.
Duties and Responsibilities
- Serve as a tax technical expert in tax accounting and tax compliance for alternative investments and derivatives.
- Oversee tax function for the partnership investments investments in disregarded entities mortgage loan investments and derivatives held by the Company.
- Responsible for operationalizing all new investments and collaborating with Director Investment RAP in developing and implementing the Investment tax strategy and process for the organization.
- Oversee partnership AFSI adjustments for CAMT and stay current with tax law changes in CAMT.
- Oversee foreign tax credit calculation and ensure accurate tax forms are completed for tax returns.
- Responsible for the accuracy of investment tax calculations and adjustments included in the Companys current income tax provisions the accuracy of tax basis for invested assets and the accuracy of the investment deferred tax assets as determined under ASC 740 and SSAP 101 for the companys alternative investment portfolio including partnership investments investments in disregarded entities mortgage loan investments and derivatives. Ensure accurate deferred tax inventory is maintained for investments in OTP.
- Oversee timely and accurate delivery of investment tax compliance workpapers and specified Federal forms for life and non-life entity tax returns and life/non-life consolidated return.
- Proactively identify and implement process improvements increase automation and enhance digital analytics using existing and emerging technology solutions.
- Build and maintain relationships with key partners including cross-functional teams Clearwater and asset managers
- Coordinate and oversee investment tax deliverables for quarterly business plan updates.
- Oversee that proper internal controls are performed.
- Participate in relevant internal meetings with Investment Investment Accounting and Tax department personnel including new investment onboarding (RAP) meetings.
- Provide support and mentor to staff ; assist in managing contractors
Experience and Education Requirements
- Bachelors degree in Accounting or equivalent degree
- Certified Public Accountant required
- Minimum of 8 years of tax experience required with 2 years in a corporate tax department or public accounting firm
- Insurance industry experience is a plus
- Experience with tax transactions accounting and reporting for investment types other than securities including partnerships LLCs real estate debt and equity derivatives.
- Experience working in regulated environment
Knowledge Skills & Abilities
- Expertise in analyzing differences between the tax basis and Statutory or GAAP basis of accounting for various investment types
- Expertise in tax accounting principles and partnership taxation
- Expertise in managing and analyzing investment portfolios from an income tax perspective
- Demonstrate 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 accounting and investment based software (Clearwater Essbase and Oracle OTP) spreadsheets and word processing software.
- Proficiency with MS Excel; familiarity with Data mining/SQL skills Bloomberg
- Excellent 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 responsibility(ies) as needed.
- High-energy and ability to thrive in a fast-paced environment
- Willingness and enthusiasm to learn/train in skills needed to support the Tax Department
- Ability to work under pressure and manage multiple projects
Other Requirements
- Perform other functions duties and projects as assigned
- Regular and punctual attendance
- Some travel required (less than 10%)
#LI-JB1
#LI-Remote
Additional Information
Work Environments
F&G believes in an employee-centric flexible environment which is why we offer the ability for in-office hybrid and remote work arrangements. During the hiring process youll work with your leader to decide what works best for your role.
F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities unless such accommodation would cause an undue hardship for F&G. If reasonable accommodation is needed to participate in the job application or interview process please contact
Join our employee-centric hybrid work environment: F&G Careers
About F&G
Since 1959 Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during lifes unexpected events.
As a national Top Workplace1 an Iowa Top Workplace2 and a proud equal opportunity employer F&G team members are empowered collaborative dynamic and authentic. We believe that by embracing these values we will continue to build and strengthen the company while continuing to be a great place to work.
1Top Workplaces USA
2Des Moines Register Top Workplaces
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Required Experience:
Director
Key Skills
- Tax Experience
- Accounting Software
- GAAP
- QuickBooks
- Accounting
- Sage
- Account Reconciliation
- Analysis Skills
- Research Experience
- SOX
- Microsoft Excel
- Financial Analysis
About Company
F&G offers life insurance and annuities to help you plan and protect your future. We value collaboration, authenticity, dynamics and empowerment.
