• Director - Tax Reporting

    Boston Mutual Life Insurance (Canton, MA)


    All Boston Mutual employees who interact with our policyholders, our producers, and our BML associates embrace the principles of our brand and service philosophy. We are all brand ambassadors. Both our words and our behaviors matter. We share a common service philosophy and pride ourselves in living the BML brand promises every day, one interaction at a time.

     

    The following statements represent what Boston Mutual stands **_“FOR”_** – it is what makes us **_different_** and **_better_** in the market we serve.

     

    + We are **_FOR_** being a progressive life insurance company dedicated to offering financial peace of mind to working Americans and their families.

    + We are **_FOR_** providing practical and affordable products designed for those we serve.

    + We are **_FOR_** making it easy to secure a level of financial protection with a portfolio of products – beginning with life insurance – via enrollment and billing options at the workplace.

    + We are **_FOR_** providing a personalized customer experience to our policyholders and producers.

    + We are **_FOR_** acting in the best interests of our policyholders, producers, employees and the communities in which we live and serve – representing the goodness of mutuality in all we do.

    We do our best to:

    + Demonstrate a desire to assist

    + Listen for understanding and respond empathetically

    + Explain things in a manner that is easy to understand

    + Be knowledgeable students of our business

    + Take full ownership to resolve questions and issues

    + Be professional, polite and courteous

    + Leave our customers and associates “better than where we found them”

     

    Statement of Position

     

    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 Director 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 Director - Tax 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.

    + Solely 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).

    + Perform other related duties as assigned.

    Qualifications

    Education: Bachelor’s Degree with a concentration in Accounting or Finance required.

     

    Experience: 8+ years of experience relevant to the key responsibilities of the position. Public accounting and insurance industry experience strongly desired.

     

    Certifications/Licensures: CPA or Enrolled Agent desired.

     

    Hybrid Work Model

     

    At our Canton location, employees will be on site Monday - Thursday starting 5/1/23. At our Omaha location, employees will be on site 2 days per week.

     

    Boston Mutual is an equal opportunity employer, and does not discriminate on the basis of race, color, age, religious creed, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, disability, military service, veteran status, family status, pregnancy, or any other characteristic protected by federal or state laws. Boston Mutual is a drug-free workplace.

     

    \#LI-Hybrid