Manager Tax, Information Reporting & Withholding

Transamerica; Baltimore (MD); On-site; USD 111,000 - 132,000; Full time

Job summary

Transamerica is seeking a management professional to join the US Information Reporting and Withholding Team within Corporate Finance. The role focuses on establishing processes for US information return reporting and ensuring withholding is performed in line with IRS and state/local requirements.

The position requires leading a team, interpreting IRS guidance, and driving process improvements while coordinating with lines of business on product and transaction impacts.

Qualifications

• Bachelor's degree in accounting or equivalent work experience.
• 8 years of professional experience in tax, accounting, or equivalent area.
• Proficiency with Microsoft Office, online research tools (RIA, Westlaw), and tax/accounting software systems.

Responsibilities

• Manage activities of assigned team including supervisors and/or individual contributors.
• Adapt department plans to address resource and operational challenges.
• Understand and communicate directives from senior management.
• Review, analyze and interpret new IRS information reporting and withholding tax guidance and partner with designated lines of business to determine the impact on products and procedures.
• Monitor designated lines of businesses new products/transactions and ensure understanding of how group rules apply.
• Collaborate with business and operations areas to ensure understanding of information reporting and withholding requirements and resolve compliance issues.
• Prepare and present trainings.
• Research and respond to internal day-to-day questions from lines of businesses.

Skills

Tax knowledge

Team leadership

Communication

Education

Bachelor's degree in accounting or equivalent

Tools

Microsoft Office

RIA

Westlaw

Tax/accounting software

Job description

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Job Family

Tax

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.

Job Description Summary

This management position is part of the US Information Reporting and Withholding Team within the Transamerica Corporate Finance Department which provides centralized services and support to the organization. This group focuses on establishing and maintaining organizational processes for US information return reporting and ensures Federal, State and Local income tax withholding is performed and remitted in accordance with Internal Revenue Code, State and Local regulatory agencies.

Responsibilities

Job Description

• Manage activities of assigned team including supervisors and/or individual contributors.
• Adapt department plans to address resource and operational challenges. Operates mostly within their own function but participates in cross-functional initiatives.
• Understand and communicate directives from senior management.
• Review, analyze and interpret new IRS information reporting and withholding tax guidance (e.g., law, regulations, and rulings) and partner with designated lines of businessto determine the impact of such guidance on their products and procedures.
• Monitor designated lines of businesses new products/transactions and ensure that they understand how the current Information Reporting & Withholding group rules should be applied.
• Collaborate with business and operations areas on a regular basis to ensure a continued understanding of theInformation Reporting & Withholdingrequirements and resolve compliance issues.
• Prepare and present trainings.
• Research and respond to internal day-to-day questions from lines of businesses (e.g., questions regarding tax documentation, client types, payment source and character, requirements related to complex transactions and structures, etc.)
• Provide guidance to the lines of business on year-end tax reporting with respect to Forms 1099, 1098, 1042-S filings.
• Identify potential tax compliance issues/errors and elevate appropriately.
• Effectively manages multiple projects and deadlines and resolves conflicting priorities.
• Review, design and implement process and control improvements in area of expertise.
• Influence and lead a team in a way which aligns and promotes their given department’s strategy and values.

Qualifications

• Bachelors degree in accounting or equivalent work experience. Generally 8 years of professional experience in tax, accounting, or equivalent area. Requires working knowledge of Microsoft Office (Word, Excel), on-line research software (RIA, Westlaw), applicable tax and/or accounting software systems.

Preferred Qualifications

• Knowledge of assigned business area (for example, accounting, information reporting, investments, corporate finance).
• Strong people management skills.

Working Conditions

• Office Environment
• Fast-paced, deadline-driven environment.

Occasional Travel

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

• Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.

The Salary for this position generally ranges between $111,000-$132,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company discretion.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees

Benefits Package

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica’s Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

As of December 31, 2023