Tax Manager

The Tax Manager reports directly to the Treasurer, EVP Finance, Investments & HR.

This position is primarily responsible for the management of the tax department personnel and the organization’s compliance with all tax-related reporting requirements of federal and state jurisdictions.

The Tax Manager interacts internally with all levels of the organization and externally with the company’s public accounting firm, federal and state tax authorities as well as tax-related third-party service providers.

The Tax Manager is expected to:

• Manage the preparation and review of the quarterly and annual federal income tax and non-federal tax provisions for financial statements.
• Prepare and file federal and state income tax returns and estimates for consolidated group. Determine taxability and treatment of items related to new subsidiaries, LLCs, etc. Calculate and record tax return true-ups and provide explanations as needed.
• Prepare annual federal income tax and non-federal tax forecasts for BML and its subsidiaries.
• Coordinate communications with all tax authorities as required.
• Responsible for the premium tax return processes, including maintaining detail of Guaranty Fund Assessments. Will prepare premium tax returns using TriTech and Optins software.
• Coordinate and review all municipal tax filings of the company.
• Reconcile Guaranty Fund Assessment account and Premium Tax Receivable account on a quarterly basis. Reconcile State Tax Withholding accounts for Third Party Sick pay on a monthly basis.
• Serve as Third Party Benefits subject matter expert. Includes quarterly and annual filings and responding to notices and inquiries from taxing authorities and other departments at the company.
• Prepare and e-file information returns to Hacienda Department of Revenue. Serve as company contact for Puerto Rico tax issues.
• Oversee and manage the company’s reporting requirements for informational returns that include Forms 1099-R, 1099-INT, 1099-MISC, 1099-NEC (income for convention attendees, policy exchanges, surrenders, etc.) as well all reporting requirements for Puerto Rico. Coordinate with IT and other departments in assembling the data required for 1099 reporting and the filing thereof. Lead all communication efforts with the company’s third party service provider (SOVOS).
• Responsible for quarterly reporting on tax exhibts and quarterly tax estimates.
• Responsible for tax budget provision and tax budget exhibits.
• Perform tax research when appropriate and act as the tax expert for internal stakeholders.
• Lead tax software implementation.
• Perform other related duties as assigned.

JOB REQUIREMENTS AND QUALIFICATIONS:

• Education: Bachelor’s Degree with a concentration in Accounting or Finance required.
• Experience: 5-9+ years of experience relevant to the key responsibilities of the position. Public accounting and insurance industry experience strongly desired.
• Certifications/Licensures: CPA desired. Advanced degree in Taxation preferred.