Director, Investments Tax (Charlotte, NC (Hybrid) or Remote)

Overview

This position supports all aspects of tax accounting and compliance related to the organization’s investment portfolio. Investments include domestic and international activity across a wide range of asset classes within the General Account and Separately Managed Accounts, including real estate, derivatives, mortgages, securities, REMIC, private equity, and joint venture partnership investments.

The role reports into the Leader, Income Tax Accounting, Reporting and Compliance.

Responsibilities

• Review and/or prepare book-to-tax adjustment calculations for investments for financial statement close and in connection with preparation of federal and state income tax returns.
• Participate in preparation of the federal income tax return, including review and/or preparation of forms related to investment activity (e.g., Form 8621, Form 8949, Schedule D), return-to-provision, and tax basis balance sheets.
• Maintain tax basis balance sheets and tax basis calculations for investments, including annual validation of tax basis in bonds, stocks, partnerships, REMICs, and other investments, and maintenance of appropriate documentation.
• Perform tax technical research and evaluate the impact of investment transactions (e.g., new derivatives, exchanges), and communicate findings to impacted stakeholders.
• Support tax review of new investments, including review of side letters and partnership agreements.
• Maintain the control environment and ensure compliance with SOX requirements related to investments tax accounting and compliance.
• Participate in or lead ad hoc projects within and outside of Tax (e.g., Funding Agreement Backed Notes issuances, tax process improvements).
• Identify, manage, and document FIN 48 Uncertain Tax Positions related to investments, including technical and quantitative analysis, advice, and reporting.
• Support tax audits as needed, including preparation and/or review of responses to audit requests.
• Support tax planning, including identification, analysis, and implementation of tax planning strategies.
• Support tax advocacy through participation in ACLI and other trade organizations, as appropriate.
• Collaborate with Investment Operations and Investment Accounting teams to provide relevant tax support, ensure tax data needs are met, and communicate significant tax developments that may impact Investment Operations and Investment Accounting processes/procedures.

Requirements

• CPA (preferred).
• Master’s degree in Tax or Accounting (preferred).
• 8–12 years of investment tax experience at a life insurance or financial services company or at a nationally recognized accounting firm, or a combination of both.
• Technical acumen and experience in life insurance tax compliance and tax accounting, including Form 1120L, ASC 740, and SSAP 101.
• In-depth knowledge and understanding of US GAAP and tax accounting principles related to investments, including experience with FAS 115 and 133 and Internal Revenue Code and related regulations, IRS guidance, and case law.
• Understanding of diverse domestic and international asset types, including derivatives, PFICs, RICs, REITs, REMICs, private equity, mortgages, debt and equity securities, and joint venture partnerships.
• Proficiency with Microsoft Excel, Access, Word, and PowerPoint.
• Alteryx expertise helpful, but not required.
• Experience using CorpTax, investment accounting systems (PAM for Investments), and general ledger systems (SAP).
• Strong communication skills (oral and written).
• Strong accounting, analytical, and tax technical research skills.
• Ability to manage issues and projects across Tax and business partners.
• Ability to clearly communicate complex financial and process-related information to management.
• Ability to manage multiple complex tasks toward completion at the same time.

Compensation & Benefits

• Base salary: $160,000 to $185,000 plus competitive performance-based incentives determined by company and individual results.
• Flexible work environment: remote or in the office.
• Paid time off: minimum 20 days of paid time off and 16 paid company holidays per calendar year, plus paid volunteer time and paid study time.
• 401(k): company match up to 6% and annual company nondiscretionary contribution (3%), plus financial counseling services.
• Health and wellness: competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
• Family support: up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during an adoption, infertility, or surrogacy journey.
• Life and disability support: company-paid basic life insurance and short-term disability insurance.

Location

Hybrid work model with the option to work remotely or in the office.