Nassau Financial Group
AVP or 2VP Finance (Tax Compliance Reporting)
Nassau Financial Group, Hartford, Connecticut, us, 06112
AVP or 2VP Finance (Tax Compliance Reporting)
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AVP or 2VP Finance (Tax Compliance Reporting)
role at
Nassau Financial Group
Job Summary Reporting directly to the Chief Accounting Officer (CAO), this role is responsible for US GAAP and Statutory tax accounting oversight and governance of the Company’s foreign and domestic income tax filing requirements, indirect tax filing requirements, and tax operations. The role will also work closely, through a dotted line relationship, with the Global Head of Tax, on transactions, strategic tax planning opportunities and solutions in a rapidly changing environment, as well as identifying efficiency opportunities in processes.
This role requires a strong understanding of an effective and efficient control environment and will provide management oversight of the provision and compliance processes, including federal and state income tax, withholding, excise tax, premium tax, and tax notices/controversy. It will collaborate closely with the Finance and Investment teams regarding tax-sensitive book accounting and serve as a key liaison with internal/external auditors, and external firms who perform provision and compliance work.
Principal Duties And Responsibilities
Oversee federal and state tax compliance and reporting, including the timely filing of US federal income tax returns and related state income and franchise tax returns, for life and non-life entities, and information reporting for all Group entities
Oversee and liaise with third party firms responsible for managing tax compliance and reporting calendars and ensure timely and accurate completion of all tax compliance and reporting deliverables
Oversee the design and execution of controls around tax reporting and compliance, minimizing risk to the company of misstated financial statements or tax returns/filings
Collaborate internally and with third party firms in preparing and reviewing US GAAP and STAT tax accounting and reporting deliverables, foreign and domestic tax filings, and other compliance deliverables
Review & approve US GAAP and Statutory interim and annual current and deferred tax journal entries
Oversee the interim and annual preparation and certification of legal entity tax balance sheet account reconciliations, disclosures and controls
Understand quarterly and annual tax results and present to internal stakeholders and auditors
Work with the company’s external auditors to ensure the accuracy of tax information in the financial statements, and the sufficiency of the related disclosures
Oversee the timely processing of quarterly estimated payments and year-end extension payments, and accounting thereof
Oversee and review tax forecast process and tax expense budget
Provide expert advice to other business groups within the organization
Research and respond to inquiries and notices from tax authorities and research tax issues as needed
Oversee the analysis of the impacts of potential tax law changes
Assist with external/internal audits, including communications with the IRS or other taxing authorities upon exam and responses to income tax notices
Provide support and oversight of process improvement implementations to improve the efficiency and effectiveness of the tax accounting, reporting, and compliance functions
Knowledge, Skills And Abilities
Bachelor’s Degree in Accounting or Finance
CPA and/or Master’s in Tax/Accounting highly preferred
Minimum 15 years of tax reporting and compliance experience, preferably in the life insurance industry, or 10 years in a tax practice of a major accounting firm working with life insurance companies
Experience dealing with federal, state and local tax regulators
Technical expertise and experience in life insurance tax and tax accounting (ASC 740, SSAP101) a plus
Technical expertise and experience in consolidated tax return regulations as well as Life/Non-Life group issues a plus
Superior analytical skills with ability to synthesize and summarize data
Ability to clearly communicate and simplify complex financial and process-related information to management
Ability to manage and execute on multiple, time-sensitive tasks and projects to meet required deadlines
Availability to work extended hours during financial close cycles and as business needs dictate
Compensation The base salary for this position falls within Nassau’s salary band G: $190,000-$230,000 depending on experience.
Equal Employment Opportunity Statement Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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AVP or 2VP Finance (Tax Compliance Reporting)
role at
Nassau Financial Group
Job Summary Reporting directly to the Chief Accounting Officer (CAO), this role is responsible for US GAAP and Statutory tax accounting oversight and governance of the Company’s foreign and domestic income tax filing requirements, indirect tax filing requirements, and tax operations. The role will also work closely, through a dotted line relationship, with the Global Head of Tax, on transactions, strategic tax planning opportunities and solutions in a rapidly changing environment, as well as identifying efficiency opportunities in processes.
This role requires a strong understanding of an effective and efficient control environment and will provide management oversight of the provision and compliance processes, including federal and state income tax, withholding, excise tax, premium tax, and tax notices/controversy. It will collaborate closely with the Finance and Investment teams regarding tax-sensitive book accounting and serve as a key liaison with internal/external auditors, and external firms who perform provision and compliance work.
Principal Duties And Responsibilities
Oversee federal and state tax compliance and reporting, including the timely filing of US federal income tax returns and related state income and franchise tax returns, for life and non-life entities, and information reporting for all Group entities
Oversee and liaise with third party firms responsible for managing tax compliance and reporting calendars and ensure timely and accurate completion of all tax compliance and reporting deliverables
Oversee the design and execution of controls around tax reporting and compliance, minimizing risk to the company of misstated financial statements or tax returns/filings
Collaborate internally and with third party firms in preparing and reviewing US GAAP and STAT tax accounting and reporting deliverables, foreign and domestic tax filings, and other compliance deliverables
Review & approve US GAAP and Statutory interim and annual current and deferred tax journal entries
Oversee the interim and annual preparation and certification of legal entity tax balance sheet account reconciliations, disclosures and controls
Understand quarterly and annual tax results and present to internal stakeholders and auditors
Work with the company’s external auditors to ensure the accuracy of tax information in the financial statements, and the sufficiency of the related disclosures
Oversee the timely processing of quarterly estimated payments and year-end extension payments, and accounting thereof
Oversee and review tax forecast process and tax expense budget
Provide expert advice to other business groups within the organization
Research and respond to inquiries and notices from tax authorities and research tax issues as needed
Oversee the analysis of the impacts of potential tax law changes
Assist with external/internal audits, including communications with the IRS or other taxing authorities upon exam and responses to income tax notices
Provide support and oversight of process improvement implementations to improve the efficiency and effectiveness of the tax accounting, reporting, and compliance functions
Knowledge, Skills And Abilities
Bachelor’s Degree in Accounting or Finance
CPA and/or Master’s in Tax/Accounting highly preferred
Minimum 15 years of tax reporting and compliance experience, preferably in the life insurance industry, or 10 years in a tax practice of a major accounting firm working with life insurance companies
Experience dealing with federal, state and local tax regulators
Technical expertise and experience in life insurance tax and tax accounting (ASC 740, SSAP101) a plus
Technical expertise and experience in consolidated tax return regulations as well as Life/Non-Life group issues a plus
Superior analytical skills with ability to synthesize and summarize data
Ability to clearly communicate and simplify complex financial and process-related information to management
Ability to manage and execute on multiple, time-sensitive tasks and projects to meet required deadlines
Availability to work extended hours during financial close cycles and as business needs dictate
Compensation The base salary for this position falls within Nassau’s salary band G: $190,000-$230,000 depending on experience.
Equal Employment Opportunity Statement Nassau provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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