Director, Tax Investments

Job Summary

The Director, Tax – Investments will be a subject matter expert with primary responsibilities in investment taxation. This position will be responsible for all facets of income tax accounting, income tax compliance, tax data quality, and tax reporting for F&G’s Alternative Investment portfolio, including partnership investments, investments in disregarded entities, mortgage loan investments , and derivatives portfolios.

The Director, Tax - Investments will report to the AVP, Tax and will have direct reports. 

Duties and Responsibilities

• Serve as a tax technical expert in tax accounting and tax compliance for alternative investments and derivatives.
• Oversee tax function for the partnership investments, investments in disregarded entities, mortgage loan investments and derivatives held by the Company.
• Responsible for operationalizing all new investments and collaborating with Director, Investment RAP in developing and implementing the Investment tax strategy and process for the organization.
• Oversee partnership AFSI adjustments for CAMT and stay current with tax law changes in CAMT.
• Oversee foreign tax credit calculation and ensure accurate tax forms are completed for tax returns.
• Responsible for the accuracy of investment tax calculations and adjustments included in the Company’s current income tax provisions, the accuracy of tax basis for invested assets, and the accuracy of the investment deferred tax assets as determined under ASC 740 and SSAP 101 for the company’s alternative investment portfolio, including partnership investments, investments in disregarded entities, mortgage loan investments , and derivatives. Ensure accurate deferred tax inventory is maintained for investments in OTP.
• Oversee timely and accurate delivery of investment tax compliance workpapers and specified Federal forms for life and non-life entity tax returns and life/non-life consolidated return.
• Proactively identify and implement process improvements, increase automation, and enhance digital analytics using existing and emerging technology solutions.
• Build and maintain relationships with key partners, including cross-functional teams, Clearwater and asset managers
• Coordinate and oversee investment tax deliverables for quarterly business plan updates.
• Oversee that proper internal controls are performed.
• Participate in relevant internal meetings with Investment, Investment Accounting, and Tax department personnel, including new investment onboarding (RAP) meetings.
• Provide support and mentor to staff ; assist in managing contractors

Experience and Education Requirements

• Bachelor’s degree in Accounting or equivalent degree
• Certified Public Accountant required
• Minimum of 8 years of tax experience required with 2 years in a corporate tax department or public accounting firm
• Insurance industry experience is a plus
• Experience with tax transactions, accounting and reporting for investment types other than securities, including partnerships, LLCs, real estate debt and equity, derivatives.
• Experience working in regulated environment

Knowledge, Skills & Abilities

• Expertise in analyzing differences between the tax basis and Statutory or GAAP basis of accounting for various investment types
• Expertise in tax accounting principles and partnership taxation
• Expertise in managing and analyzing investment portfolios from an income tax perspective
• Expertise in tax accounting principles and partnership taxation
• Demonstrate knowledge of tax accounting software systems
• Strong analytical skills with a high level of accuracy and attention to detail
• Strong organizational and prioritization skills
• Strong computer knowledge including working knowledge of tax, accounting, and investment based software (Clearwater, Essbase and Oracle, OTP), spreadsheets and word processing software.
• Proficiency with MS Excel; familiarity with Data mining/SQL skills, Bloomberg
• Excellent verbal and written communication skills
• Ability to effectively work and communicate with various levels of employees and management
• Highly motivated, able to work both autonomously and in a team environment, and demonstrates the willingness to take on additional responsibility(ies) as needed.
• High-energy and ability to thrive in a fast-paced environment
• Willingness and enthusiasm to learn/train in skills needed to support the Tax Department
• Ability to work under pressure and manage multiple projects

Other Requirements

• Perform other functions, duties and projects as assigned
• Regular and punctual attendance
• Some travel required (less than 10%)

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