Tax Manager/Assistant Vice President, Tax

Tax Zionsville/Indianapolis, Indiana


Description

Position at Group1001

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Company Overview

Group1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary

The Tax Manager/Assistant Vice President, Tax is a leadership role providing executive finance and tax strategy for all planning and compliance tax functions, including, but not limited to research, planning; and compliance, including the oversight and management of all income tax returns and tax accounting and reporting pursuant to both GAAP and Statutory accounting rules for Delaware Life Insurance and its subsidiaries.  This includes the federal consolidated return; related state consolidated or combined returns as well as other offshore insurer returns.  This role is also responsible for premium and sales and uses taxes, along with policyholder-related tax requirements and reporting of withholdings.

Main Accountabilities

  •  Uses strategic planning to assess new requirements; analyze critical issues; assess tax impacts for proposed transactions and provide options to implement strategic and process initiatives that maximize US GAAP net income and NAIC surplus.
  • An expert tax professional with mastery of complex tax issues
  •  Responsible for timely and accurate review and analysis of all monthly, quarterly, and annual income tax provisions and income tax returns and payments in accordance with regulations for all Delaware Life associated companies.  Tax provisioning is required on an NAIC and US GAAP basis
  • Responsible for the review and analysis of monthly, quarterly, and annual premium tax provisions, sales and use taxes, and guarantee fund assessment provisions and tax returns and payments in accordance with regulations for all Delaware Life associated companies
  • Provide guidance to third-party administrators regarding company policy for treatment of policyholder tax withholding and compliance issues
  • Provide oversight of third-party administrator compliance with policyholder withholding, remittances, and tax reporting and ensure appropriate withholding, remittances, and tax reporting is performed for employee payroll and any policyholder taxes not completed by third-party administrators
  • Collaborate with insurance product development as necessary to provide expertise about policyholder taxation and with investment management regarding tax-advantaged investments
  • Develops, directs, plans, and evaluates the organization tax policy, conducts research to ascertain optimal tax minimization
  • Assists with and coordinates various tax-related audits of company records including working with external auditors, various departments of insurance personnel, and federal and state revenue agents
  • Maintains current understanding of tax requirements of the various authorities.
  • Maintain current knowledge of prospective changes in tax regulations
  • Participate in industry groups as appropriate
  • Has strong leadership skills to ensure appropriate staffing and organizational structures are in place for their area and ensures bench strength and succession planning.
  • Manage and develop staff by providing challenging assignments while ensuring compliance requirements are met at all times
  • Maintains a balance between day-to-day high-level operational execution and the development of the strategic direction for the area and enterprise

Qualifications

  • Minimum of a bachelor’s degree in Accounting/Finance; advanced degree preferred
  • 6+ years of experience in corporate taxation including significant life insurance tax knowledge; Strong understanding of and experience with GAAP and Statutory tax accounting
  • J.D., CPA, or MST is highly desirable
  • Strong PC skills, including tax compliance and research software
  • Strong time and project management skills
  • Excellent organizational skills