Analyst V responsible for providing regulatory support on product tax compliance. Collaborating with business partners on tax reporting and withholding initiatives.
Responsibilities
Perform complicated research and data analysis to identify and strengthen tax reporting controls and product tax practices
Supports various aspects of the product tax compliance model
Develop system requirements and schedules for compliance initiatives
Conduct compliance reviews on withholding and information reporting processes
Provide detailed verbal and written compliance guidance to business partners
Support transactional research, forms review, tax reporting, unclaimed property, and claims
Respond to internal/external inquiries and research product tax issues
Build strong relationships with business partners to resolve complex tax issues and ensure alignment on compliance initiatives
Provide clear, actionable compliance guidance to business partners; communicate complex tax rules in understandable terms
Requires extensive experience in product tax and tax information reporting and withholding (IRW)
Applies best practices and knowledge of internal/external business issues to improve tax compliance
Strong understanding of annuity and life insurance product development and regulatory compliance
Solves complex problems with innovative, flexible approaches
Leverages data analytics to identify trends in product tax and reporting
Supports, coach and guide team members creating a productive team environment
Works independently with minimal supervision
Requirements
Bachelor’s degree in a related field
Minimum 7 years of experience in product tax, tax information reporting, and accounting experience
FLMI and/or CPCU designation preferred
In-depth knowledge of tax reporting concepts, practices, and procedures
Expertise in federal tax laws Chapters 3, 4, 61 regulations and filing requirements for Forms 1099, 5498, 945, 1042, 1042-S
Demonstrated ability to prioritize workload and manage most conflicts to successful resolution in a fast-paced environment
Demonstrated good written and verbal communication skills and ability to translate technical tax information into understandable and actionable information
At least 3 years of leadership experience; preferably on a product tax and information reporting compliance team
Prior experience with process re-engineering, design and automation.
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