Lead, Investment Tax

Fidelity And Guaranty Life Insurance Company • Des Moines, IA

443d • Remote

About The Position

The Lead, Investment Tax is responsible for overseeing tax accounting and compliance processes for various asset classes within Clearwater. This role involves managing processes, reviewing tax provisions, and ensuring compliance with tax regulations. The position also includes onboarding new investment deals, conducting research on investment tax issues, and documenting tax positions and processes. The Lead, Investment Tax will report directly to the Director of Investment Tax.

Requirements

• Bachelor's degree in Accounting or equivalent degree.
• Certified Public Accountant or eligible to sit for the CPA exam.
• Minimum of 5 years experience working in a corporate tax environment and/or public accounting firm.
• Demonstrated working knowledge of tax accounting principles.
• Strong analytical skills with a high level of accuracy and attention to detail.
• Proficiency with MS Excel and familiarity with Data mining/SQL skills, Bloomberg.

Nice To Haves

• Prior experience with investment taxation preferred, but not required.
• Experience in the insurance tax industry strongly preferred, but not required.
• Prior hands-on experience with the Clearwater Analytics platform preferred, but not required.

Responsibilities

• Prepare and/or review quarterly income tax provision workpapers for tax adjustments related to income earned on securities and gain/loss on securities.
• Perform and document analytical analysis of quarterly results.
• Prepare and/or review deferred tax asset workpapers, including rollforwards, for Clearwater assets.
• Coordinate the incorporation of alternative investment deferred adjustments into the overall investment tax workpapers.
• Responsible for the operational onboarding of new investment deals, collaborating with the tax planning team.
• Develop, implement, and lead processes to identify, document, and onboard non-RAP investments with tax-specific treatments.
• Research relevant existing and emerging investment accounting tax issues.
• Document significant investment tax accounting positions and processes as applicable.
• Manage the quarterly GAAP capital valuation allowance assessment process.
• Serve as the main point of contact on modeling & analysis for the multi-year business plan.
• Collaborate with Clearwater, Investment Accounting, asset managers, and external consultants to address tax requirements.
• Ensure proper internal controls are being performed and align investment tax procedures with overall tax department control procedures.
• Manage compliance procedures for identified tax straddles and other tax hedges.
• Prepare and/or review book-to-tax adjustments for in-scope investments for tax return filings.
• Lead implementations for process and automation improvements within the position's scope.
• Participate in and/or lead relevant internal meetings with various departments.
• Assist in coaching, mentoring, onboarding, and training others on the team.

Benefits

• Flexible work arrangements (in-office, hybrid, remote)
• Life insurance
• Employee-centric work environment

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree