Manager, Tax- Investments

Job Summary

The Manager, Tax – Investments is responsible for the management of investment taxation. This includes working as a subject matter expert for investment taxation and managing an investment tax team. This position will be responsible for all facets of income tax accounting, income tax compliance, tax data quality, and tax reporting for F&G's fixed maturity, equity securities, and derivatives portfolios.

The Manager, Tax - Investments will report to the AVP, Tax and will have 2-3 direct reports.

Duties and Responsibilities

• Serve as the tax technical lead including research, document and interpret the tax accounting treatments on specific new investments.
• Lead tax function for the fixed maturity, equity securities and derivatives held by the Company.

• Responsible for the accuracy of investment tax calculations and adjustments included in the Company's 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 fixed maturity, equity securities, and derivatives.
• Ensure completeness of investment tax provision deliverables, providing detail review of investment tax adjustments for the fixed maturity, equity securities, and derivatives.
• Oversee data quality and integrity review processes of investment tax data stored within Clearwater.
• Responsible for the timely and accurate delivery of investment tax compliance workpapers for specified Federal life and non-life entity tax returns. Provides detail review of book-tax adjustments for incorporation into these tax returns. Performs detail review of tax forms prepared and/or reviewed by Investment Tax, when applicable.
• Responsible for the quarterly valuation allowance assessment processes for GAAP capital deferred tax assets. This includes coordinating sign offs of management assertions for the Hold to Recovery strategy, preparation & review of the overall valuation allowance calculation, and preparation/review of the supporting memorandum.
• Drive tax accounting, tax data quality, and tax compliance process improvements in relevant investment types.
• Build relationships and partner with key external partners, including Clearwater and Blackstone.

• Collaborate with Manager, Tax - Alternative Investments in the implementation of the investment tax basis ledger and maintain the investment tax basis ledger on a go-forward basis.
• Coordinate and review investment tax deliverables for annual and ad-hoc business plan updates.
• Ensure 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.
• Serve as a mentor to staff; assist in managing contractors.
• Remain current on Statutory and U.S. GAAP tax accounting principles and accounting treatment of investments to ensure book-tax investment adjustments are being properly treated.

Experience and Education Requirements

• Bachelor's degree in Accounting or equivalent degree
• Certified Public Accountant required
• Minimum of 7 years of tax experience required with 2 years in a corporate tax department or public accounting firm
• Minimum of 3 years investment-related tax experience managing and analyzing investment portfolios from an income tax perspectives
• Insurance industry experience is a plus
• Experience managing and analyzing investment portfolios from an income tax perspective
• Experience working in regulated environment

Knowledge, Skills & Abilities

• Demonstrated working knowledge of tax accounting principles
• Demonstrated working knowledge of tax 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, 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
• 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 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%)

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