Tax Manager - Tax Consolidations

Nashville, TN, USA Req #451
Monday, August 29, 2022

Fortitude Re is a liability-led reinsurer of legacy insurance portfolios complemented by sophisticated investment capabilities. In 2016, AIG created a “Legacy” portfolio as a separate non-core segment representing insurance reserves associated with discontinued lines of commercial Property & Casualty and Life & Annuity insurance businesses. The following year, AIG formed a Bermuda-domiciled composite reinsurer, now Fortitude Re, to house the Legacy portfolio in a separate, distinct, well-capitalized balance sheet with a dedicated management team. In 2018, the company entered into a series of L&A and P&C reinsurance transactions with AIG and received an initial capitalization of ~$3 BN. The transactions represented ~$37 BN of reserves supported by ~$40 BN of invested assets. During this time, AIG also entered into a long-term partnership with The Carlyle Group, with Carlyle acquiring 19.9 % ownership. Then in 2019, The Carlyle Group and T&D announced acquisition of majority interest in Fortitude Re from AIG. This allowed for a new long-term shareholder base for the company while maintaining a strong capital position for supporting reinsurance obligations. Click here for more information about Fortitude Re.

Position Summary:

This role reports to the AVP, Tax Consolidations, and will be responsible for managing the consolidated tax provision of the company and related control framework.  The individual in this role will also assist with all tax integration efforts with respect to subsidiary acquisitions and third-party reinsurance arrangements.

 

 

Key Responsibilities:

  • Assist in consolidation of the company’s life and non-life quarterly and annual tax provisions under ASC 740 and SSAP 101
  • Develop a significant working knowledge of the tax profile for each group
  • Demonstrate a working knowledge of technical ASC 740 positions, including FIN 48, FAS 5, and valuation allowance considerations
  • Demonstrate a working knowledge of NAIC SSAP 101
  • Manage tax integration efforts with respect to subsidiary acquisitions and third-party reinsurance arrangements
  • Demonstrate a working knowledge of the tax code and tax regulations and assist in review of company’s consolidated U.S. federal income tax return
  • Demonstrate knowledge of U.S. international tax principles
  • Assist with requests from any tax service providers
  • Assist in developing, and regularly reviewing all tax controls and other protocols at the consolidation level, including the preparation of any necessary documentation
  • Assist in the tax projection process and quarterly estimated tax payments
  • Assist with general tax planning and other ad-hoc projects, as requested

 

The Ideal Candidate Should Have:

  • A CPA or Masters of Tax required
  • Minimum of 6 to 8 years’ experience in a corporate tax department or Big 4 audit firm
  • Insurance tax experience and familiarity with tax issues for multinational financial institutions
  • Must be a self-starter and a problem solver
  • Must possess efficiency, honest/integrity, organizational and planning skills
  • Must follow-through on commitments; be intelligent, and possess strong analytical skills
  • Attention to detail, proactive, flexibility/adaptability, and enthusiastic
  • Strong work ethic, listening skills, openness to criticism and new ideas
  • Excellent written and verbal communication skills
  • Foster a collaborate team environment and work effectively with lead tax teams and other departments in the company and its outside advisors
It has been and will continue to be the policy of Fortitude Group Holdings, LLC, its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories. 
                                                                                                                                                 
At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Other details

  • Job Family FA - Finance
  • Pay Type Salary
Location on Google Maps
  • Nashville, TN, USA