What are the responsibilities and job description for the Sr Tax Analyst position at Sammons Financial Group?
Overview :
This is a mid-level staff technical position within the Tax Department with primary tax accounting and compliance responsibilities. Prepare federal and state income tax-related filings for insurance and non-insurance entities. Responsible for all aspects of tax accounting related to quarterly and annual reporting for insurance and non-insurance entities based on applicable accounting methods (i.e. Statutory and Generally Accepted Accounting Principles (GAAP) reporting).
Responsibilities :
Prepare and review of GAAP income tax provisions and deferred balance sheets in accordance with ASC 740.
Preparation and review of Statutory income tax provisions and SSAP 101 reporting for life insurance entities.
Prepare and review of federal and state income tax returns and estimated payments for life and non-life entities in the group.
Prepare investment related schedules for the corporate income tax returns for accurate investment income and capital gain / loss reporting.
Communicate with external auditors and provide requested information as needed.
Initiate tax software automation and process improvements.
Assist in analysis of new transactions and investments as needed.
Perform tax research and make recommendations based on analysis.
Summarize foreign information reporting requirements for corporate tax returns to include Forms 926, 5471, 8865, 8991, 8992 and 8993.
Calculate tax basis of Sammons Financial Group Companies balance sheet (including investments).
Analyze tax aspects of new reinsurance treaties; assist general accounting and actuarial teams in analyzing the impact of taxes in capital and product pricing models. Support the annual business plan process.
Qualifications :
Bachelor's Degree in Accounting, Finance, Business or other related field Required
Minimum 5 years' experience working in corporate tax environment or public accounting firm Required
Previous experience in life insurance taxation (i.e. Subchapter L of the IRC) Required
Experience with tax accounting principles under US GAAP and National Association of Insurance Commissioners (NAIC) statutory accounting Required
Experience with tax accounting, compliance and financial reporting for investments including partnerships, bonds, stocks, structured securities, hedging, derivatives, real estate, mortgages and debt instruments Preferred
Intermediate level tax technical skills in corporate income tax, consolidated groups, and complex life insurance entities (including offshore captive insurance companies)
Demonstrated in depth understanding of life insurance company statutory and GAAP financial reporting
Effective written and oral communication skills with an engaging and approachable style
Advanced Microsoft Office Excel skills; working knowledge of other Microsoft Office applications
Proven ability to prioritize and handle multiple complex tasks in a fast paced environment
Advanced skills with Accounting for Income Taxes under ASC 740 and / or SSAP 101
High degree of analytical skills
Excellent attention to detail with a high level of accuracy
Demonstrated ability to research and apply tax laws and financial reporting standards
Proficient in corporate tax return preparation software (OneSource experience preferred)
Basic knowledge of internal controls over financial reporting
Desire to attain or enhance insurance-industry specific accounting, finance and tax skills
Driven, team-oriented individual interested in working in a high performance culture
Process improvement mindset
Critical thinking and problem-solving skills with the courage to challenge existing processes
CPA Preferred
FLMI Preferred
Suitability Requirements :
Criminal background check required.
Company Information :
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, were 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.)
