Senior Tax Accountant

Westfield-Insurance; Westfield Center (OH); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Westfield-Insurance is seeking a Tax Senior Accountant to coordinate tax data for timely returns and tax accounting duties. The role analyzes federal, state, and local income and premium tax returns, reserves, and assists with reviews of related tax filings.

Mentoring paraprofessionals and conducting tax research are part of the responsibilities. The position involves collaboration during audits, and is hybrid with in-office expectation several days per week.

Qualifications

• 5+ years of experience in Tax, Accounting, Finance, or a related field.
• Bachelor's degree in Business, Accounting, Economics, or a related field. CPA preferred added in Licenses/Certifications.

Responsibilities

• Prepares monthly federal tax provision based on SAP and GAAP, including calculation of current income tax expense and tax payable.
• Maintains knowledge of SAP and GAAP accounting practices as they relate to tax.
• Assists in preparation and review of multi-state, multi-tier partnership tax returns and related calculations.
• Prepares and/or reviews financial statements, reports, and records by analyzing information and trends.
• Assists with document requisitions during financial audits and regulatory audits.
• Performs tax research on recent tax developments and significant legislation impacting the company.
• Maintains monthly, quarterly, or annual reconciliations for tax accounts.
• Performs minor bookkeeping duties including posting monthly journal entries and data migration to tax software.
• Works on quarterly and annual GAAP and statutory income tax provisions and annual financial statements.
• Mentors tax paraprofessionals and tax accountants in basic tax support tasks.
• Conducts tax research during regulatory audits.

Skills

Taxation knowledge

Tax preparation

Tax planning

Financial analysis

Software proficiency

Audit & compliance

GAAP knowledge

Tax research

Tax and fiscal knowledge

Education

Bachelor's degree in Business, Accounting, Economics, or related field

Tools

SAP

Tax software

Job description

Job Summary

The Tax Senior Accountant, working under minimal supervision, is responsible for organizing and coordinating tax data for the accurate and timely completion of business tax returns and tax accounting duties. This role analyzes and prepares complex federal, state, and local income and premium tax returns and reserves and assists with review of basic federal, state, and local income and premium tax returns, estimates, and extensions prepared by tax department paraprofessionals and tax accountants. This role mentors and guides tax paraprofessionals and tax accountants in completing various basic tax support tasks. The role also conducts tax research as needed while assisting with data gathering and analysis during regulatory audits.

This role is not eligible for visa sponsorship.

Job Responsibilities

• Prepares monthly federal tax provision based on SAP and GAAP, including calculation of current income tax expense, federal tax payable, and deferred taxes.


• Maintains ongoing maintenance, monitoring, and knowledge of SAP and GAAP accounting practices, developments, and procedures as they relate to tax.


• Assists in the preparation and review of multi state, multi-tier partnership tax returns, addressing contributions, distributions, allocation of tax items, capital account analysis, loans, special allocations, sales of partnership interest or assets, credit, and depreciation calculations, and winding up and dissolution of partnerships.


• Prepares and/or reviews financial statements, reports, and records by collecting, analyzing, and summarizing information and trends.


• Assists with gathering and executing document requisitions during financial audits and federal, state, and local regulatory audits.


• Performs tax research on recent tax developments and prominent legislation that may be impactful to the company and its affiliates.


• Maintains and oversees the preparation of monthly, quarterly, or annual account reconciliations for selected tax accounts maintained within the tax department.


• Performs minor bookkeeping duties including posting monthly journal entries, ad hoc querying of accounts, data migration from general ledger to tax software.


• Works on quarterly and annual GAAP and statutory income tax provisions and annual financial statement presentation.


• Mentors and guides tax paraprofessionals and tax accountants in completing various basic tax support tasks.


• Conducts tax research as needed while assisting with data gathering and analysis during regulatory audits.

Job Qualifications

• 5+ years of experience in Tax, Accounting, Finance, or a related field.


• Bachelor's degree in Business, Accounting, Economics, or a related field and/or commensurate experience.

Location

Hybrid - defined as working three or more days per week in the office

Licenses and Certifications

• Certified Public Accountant (CPA) (Preferred)


• Accredited Tax Advisor (ATA) (Preferred)

Behavioral Competencies

• Collaborates


• Communicates Effectively


• Customer Focus


• Decision Quality


• Nimble Learning

Technical Skills

• Taxation Law


• Tax Preparation


• Tax Planning


• Financial Analysis


• Software Proficiency


• Audit & Compliance


• Tax Accounting


• Tax Research


• Generally Accepted Accounting Principles (GAAP)


• Tax and Fiscal Knowledge

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.