Brighthouse Financial is on a mission to help people achieve financial security, specializing in annuities and life insurance products. The Tax Consultant will support all aspects of the tax function, focusing on investment tax and income tax matters, including compliance and accounting/reporting responsibilities.
Responsibilities
- Document and apply tax technical concepts to relevant investment areas such as fixed maturity and structured securities, equity securities, residential and commercial mortgages, real estate, joint ventures, leveraged leases and derivatives
- Calculate and maintain accurate tax basis for all investment asset classes, such as derivatives, mortgages, securities, and partnerships
- Prepare required tax forms with respect to partnership investments owned by the Company including but not limited to Forms 926, 8621, and 8865
- Prepare federal and state income tax returns (separate, consolidated, unitary/combined) and related workpapers for life and nonlife entities, along with quarterly and year-end estimated and extension payment calculations and vouchers for income and franchise tax filings
- Prepare state franchise tax filings and other Secretary of State annual reports
- Prepare interim and annual US GAAP and Statutory income tax provisions and related disclosures in accordance with ASC 740 and SSAP 101, including book-tax differences, ETR analysis, current/deferred taxes, reserves, reconciliations, and financial statement footnotes
- Support SOX requirements for interim and annual reporting
- Support federal and state income tax audits (internal/external), including data gathering an analysis and drafting responses for information requests, as needed
- Support ad hoc projects and the indirect tax function, as needed
Skills
- Bachelor's or master's degree in accounting or finance
- Minimum 1-3 years of income tax accounting and compliance experience
- Strong communication skills, both oral and written
- Strong accounting and analytical skills
- Ability to manage multiple complex tasks towards completion at the same time
- Working proficiency with tax software (e.g. Corptax)
- Certified Public Accountant (CPA) or eligibility/desire to become certified is a plus
- Experience in a tax practice of a major accounting firm would be preferred
- Synthesize large data sets to present in a clear, logical manner using MS Excel, Access, Alteryx, PowerBI, or other similar tools is highly desirable
- Experience with life insurance Industry and tax accounting (ASC 740, SSAP 101)
- Experience with tax accounting and compliance for a wide range of investment types
- Experience using investment accounting systems (PAM for Investments) and general ledger systems (SAP)
Benefits
- Flexible Work Environment – Work remotely or in the office to better thrive in all areas of life.
- Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
- Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%) and financial counseling services.
- Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
- Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
- Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance.
Company Overview
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