Senior Investment Tax Specialist hybrid

Profile

Senior Investment Tax Specialist (Hybrid)
The candidate will be hands-on Leader of the year-round tax reporting and compliance work for gains and losses from Securities investments of the MassMutual life insurance companies and its non-life subsidiaries. Monitor and track tax data quality and performance of Securities tax results tracked in the Eagle processing system, including from periodic software release changes. Participate in daily, cross-functional Eagle operating governance meetings and other meetings that discuss, analyze, and track system issues and changes in Securities across the investment data ecosystem. Compute quarterly tax provision Statutory-to-tax differences (“Schedule M-3 adjustments), reclasses between realized capital gain (RCG) and net investment income (NII), and associated management reporting analysis. Complete Securities-RCG processing for annual Federal tax return, including consolidation of RCGs for all investment asset classes. Reconcile deferred tax balances for Securities investments reported on Schedule D of NAIC Statutory Annual Statement, collaborating with Securities-NII Lead. Coordinate closely with International Tax group in the Corporate Tax Department to insure completeness and accuracy of tax compliance for Schedule D PFICs, CFCs, and foreign partnerships (“Schedule D pass-throughs”). Cross-train with Securities-NII Lead on tax reporting and compliance work for Securities-NII in order to prevent single person dependencies, facilitate assignment flexibility, and enhance learning/development opportunities. Identify new Schedule D pass-through investments and have them tagged in Eagle. Prepare wash sales analysis. Analyze transactions for tax impairments, including coordination with Barings investment analysts and related document review. Tag impairments in Eagle. Prepare analysis involving Securities-RCG for SSAP 101 tax planning strategies. Analyze exchange transactions to determine if taxable or non-taxable. Analyze tax cash flows on structured securities each quarter to achieve correct processing of tax amortization in Eagle. Stay current with tax law changes in general and impacting securities transactions. Proactively identify and implement process improvements, increase automation, and enhance digital analytics using existing and emerging technology solutions.

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