What are the responsibilities and job description for the Withholding Tax Analyst position at Sammons Financial Group?
Analyze and apply all federal and state statutory withholding requirements, and unclaimed property for all Companies and lines of business. Executing federal and state withholding deposits, and unclaimed property filings and required mailings according to statutory requirements. Recognize, research and recommend resolution to tax withholding issues. Assist with filing of Information Reporting Forms (1099R, 5498, 1042S, 1099LTC,1099MISC,1099INT, Puerto Rico Series). Utilize technology and drive projects in support of regulatory changes, team objectives, and for continuous process improvement. Work with all related Sammons Financial Group Companies' teams across all locations collaboratively reflecting our corporate shared values while maintaining strict confidentiality over appropriate information.
What You'll Do In This Role
• Apply extensive knowledge of Internal Revenue Service (IRS) and State regulations to research and resolve various tax reporting, and unclaimed property issues.
• Accountable for timely and accurate completion of Internal Revenue Service (IRS), all State, and Puerto Rico withholdings filings, including tracking and receiving back of refunds, and balancing of subsidiary accounts.
• Accountable for timely and accurate completion of State Unclaimed Property Filings, maintaining any necessary work papers and subsidiaries.
• Assist in the preparation of Internal Revenue Service (IRS) filings for 1099R, 5498, 1042S, 1099LTC, 1099MISC, 1099INT, Puerto Rico series information reporting forms, including coordination of mailing, printing, and imaging for all Companies.
• Direct communication with regulatory bodies (IRS or State Regulatory bodies) and coordinate with and support communications, including any auditors, in areas of responsibility.
• Communicate effectively with areas outside of Corporate Accounting to identify and implement projects that impact state and federal withholding, unclaimed property, as well as, tax form 1099 Series, 1042S, 5498, Puerto Rico Series, 972CG and CP2100.
• Apply extensive knowledge of Sammons Financial Group technology platforms, programming jobs, or new technology in order to effectively implement changes in the organization that impact federal and state withholding, unclaimed property, and tax form 1099 Series, 1042S, 5498, Puerto Rico Series, 972CG and CP2100.
• Apply knowledge of the Sammons Financial Group entities, business units, chart of accounts, processes and controls in order to effectively implement changes in the organization that impact federal and state withholding and unclaimed property.
• Produce various analytical reports, research items or trends that are unusual and communicate findings to manager.
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• Support the PAIRUP team in special assignments and projects as deemed necessary to meet departmental goals.
What We're Looking For
Bachelor's Degree in Accounting or relevant business field Preferred
2-4 years' experience in accounting or relevant business area Preferred
• High degree of analytical skills and judgment
• Strong organizational skills
• Strong mathematical ability
• Ability to work independently to identify and resolve complex issues
• Ability to prioritize multiple projects and allocate time as needed
• Ability to adapt to change and learn quickly
• Demonstrates effective use of Microsoft Office and company specific software applications
• Desire to attain or further insurance-industry specific skills in tax reporting and product knowledge
• High degree of professionalism, motivation and intellectual curiosity
• Effective written and verbal communication skills; ability to work with and communicate with senior leaders outside of Corporate
• Accounting, external auditors, and other regulatory bodies
Other Requirements
• Criminal background check required.
• FINRA regulations require fingerprinting for this position.
What you can expect when you join Sammons Financial Group
• Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
• Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
• Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
• Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
• Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Work Authorization/Sponsorship
At this time, we’re not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)
