Insurance Tax Manager
Company: Securian Financial Group
Location: Saint Paul
Posted on: May 24, 2023
As Tax Manager working with our Life Insurance teams, you will use your expertise and knowledge to lead the execution and strategy of our life insurance taxation team and program.
Responsibilities include but not limited to:
-- - Quarterly calculation, analysis, and sign-off on federal tax provisions.
-- - Serve as an expert resource to business unit actuaries, CFOs, and financial reporting associates regarding tax liability and expense issues.
-- - Manage a team focused on life insurance taxation. Promote and encourage professional development, ensure prompt, accurate, and consistent performance for all tax, statutory, and financial reporting activities.
-- - Manage the annual audit of the insurance company tax provisions and the relationship with the audit team. This involves independently preparing requested work papers, answering auditor requests for additional information, and resolving interpretative differences of accounting rules or presentation of taxes on financial statements, producing the best results for MMC.
-- - Manage controls over the tax provision processes and testing of those controls under the Financial Reporting Compliance Controls (FRCC) structure.
-- - Generate tax-planning ideas (both individually and collaboratively) to reduce taxes, which contributes to the department's goal of generating annual tax savings.
-- - Potential sources of tax planning ideas include working with business units, industry contacts, insurance companies and outside consultants, as well as the interpretation of tax laws, court cases, or IRS rules and regulations.
-- - Review tax saving strategies by quantifying possible tax savings, reviewing feasibility, and assessing the tax authority supporting the approach.
-- - Anticipate potential challenges from the IRS or other taxing authority, and develop supporting documents to defend our position.
-- - Partner with business unit actuaries and CFOs on projections and goal-setting by providing expertise regarding the Federal income tax calculations.
-- - Strong understanding of Statutory and GAAP accounting principles and requirements including statutory principles related to life insurance taxation.
-- - CPA designation preferred. Strong communication/influence skills to establish favorable relationships with auditors and Home Office associates.
-- - Analytical and creative ability to develop ideas that result in lower taxes for the company and its subsidiaries. Initiative and independence to prioritize projects, handle multiple projects, and meet deadlines.
-- - Leadership and project management skills to ensure the implementation of tax planning strategies, completion of various projects, and to provide direction to actuarial interns and staff.
**Internal Securian Financial job title for this position is Tax Sr. Consultant
**This position will require travel quarterly to our Home Office in St. Paul, MN**
Physical job requirements:
-- - Ability to work at least 40 hours per week
-- - Ability to utilize keyboard, mouse and computer for up to 8 hours per day
-- - Ability to utilize telephone for approximately 1-4 hours per day
-- - Ability to perform simple grasping including handwriting, paper manipulation, sorting, folding, etc. periodically throughout entire workday
The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Securian Financial has been around for 140 years. We--------re committed to giving back to our community, donating 15,000 employee volunteer hours this past year. We also provide extensive resources to our employees for professional development and growth and a number of diverse professional and social opportunities throughout the company. There--------s a reason our employees have voted us as a best place to work year after year! In addition:
-- - Generous paid time off. We want you to take time off for whatever matters most to you!
-- - Tuition reimbursement program. We value continuous learning at Securian!
-- - Company-funded pension plan as well as 401K retirement plan -----" great resources to secure your financial future.
-- - Continuous opportunities for new challenges.
-- - Variety of health plan options as well as dental and vision plans.
-- - Paid maternity/paternity leaves.
Securian Financial Group, Inc. does not discriminate based on race, color, creed, religion, national origin, sex, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance, status in a local human rights commission, or any other status or condition protected by local, state or federal law. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by telephone 651-665-5522 (voice), 711 (telecommunications relay), or by email at EmployeeRelations@securian.com.
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