Sr. Investment Tax Analyst

Overview

The Senior Investment Tax Analyst will focus on investment taxation, managing income tax accounting and compliance for an investment portfolio that includes bonds, fixed maturities, and preferred stocks. This role involves preparing quarterly income tax provisions, federal income tax compliance workpapers, reviewing investment tax data integrity, supporting investment accounting systems, assisting with tax planning, and contributing to special projects.

Responsibilities

• Perform and review monthly tax investment data procedures to ensure accurate tax results for assets tracked within Clearwater, including purchase reviews, asset transfers, security master file reviews, corporate actions, tax data field reviews, and variance research.
• Collaborate with Clearwater to resolve discrepancies and identify opportunities for management reporting enhancements.
• Prepare income tax adjustment calculations and workpapers, including reconciliations and period-over-period analytics for quarterly current income tax provisions.
• Prepare workpapers and reconciliations supporting tax basis and deferred tax assets reported on tax basis balance sheets for life and non-life entities under ASC-740 and SSAP101.
• Conduct tax basis analytics on a period-over-period basis.
• Prepare income tax adjustment calculations and workpapers supporting federal income tax returns for life and non-life entities, including provision-to-return true-ups.
• Participate in new investment process meetings with the tax planning team.
• Assist in implementing the investment tax basis ledger and OneSource Tax Provision (OTP) software.
• Support the quarterly GAAP capital valuation allowance assessment process, including calculation, tax planning strategies, and memo preparation.
• Collaborate with the investment tax team to develop forecasting and projection procedures for invested assets, prepare investment-related tax adjustments, and analyze results.
• Maintain, test, and update custom tax fields, tag aggregates, and tax reports within Clearwater.
• Prepare quarterly tax impairment analyses, including eligibility assessments for partially worthless bad debt deductions and ensuring proper processing in Clearwater.
• Support modernization initiatives within the investment tax function, including automation of tax data review processes and deferred tax rollforwards.
• Assist with tax leakage calculations related to reinsurance transactions.
• Perform internal controls and drive continuous improvements in the investment tax control environment.
• Build investment tax dashboards, management reports, and tax department-wide reporting packages.
• Participate in and lead internal meetings with Investment, Investment Accounting, and Tax personnel.
• Contribute to special projects as assigned.

Supervisory Responsibilities

• This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.

Requirements

• Bachelor's Degree in Accounting or Finance.
• Minimum of 2 years of relevant experience in tax accounting or a related field; professional designations such as CPA, CFA, CIA, or CISA are considered.
• Experience in the insurance industry preferred.
• Experience working in a regulated environment.
• Demonstrated working knowledge of tax accounting and general accounting principles.
• Familiarity with tax accounting software systems.
• Strong analytical skills with high accuracy and attention to detail.
• Strong organizational and prioritization skills.
• Proficiency with MS Excel; familiarity with data mining/SQL and Bloomberg is a plus.
• Strong verbal and written communication skills.
• Ability to work effectively with various levels of employees and management.
• Self-motivated, able to work autonomously and in a team environment.
• Ability to identify and implement process improvements, internal control enhancements, automation, and efficiencies.
• Ability to manage multiple projects independently.
• Willingness to learn and train in skills needed to support the tax department.
• Ability to use general office equipment and sit for extended periods.
• May require minimal travel within the US (up to 10%).

Work Environment

• Primarily sedentary work involving long periods of sitting and regular computer use, with occasional standing or walking.
• Flexible work arrangements including in-office, hybrid, and remote options may be available.

Additional Information

• Regular and punctual attendance is required.
• Perform other duties and projects as assigned.