Tax and Investments Associate

LE003 Coaction Specialty Management Company, Inc.; Morristown (NJ); Hybrid; USD 55,000 - 70,000; Full time

Job summary

Coaction Specialty Insurance Group in Morristown, NJ, seeks an entry-level Tax & Investment Associate to support both Tax and Investment Accounting teams. You will work on corporate income tax, insurance tax compliance, and investment reporting for a multi-entity group, gaining exposure to GAAP and statutory tax accounting.

Responsibilities include tax provision support, premium tax processing, and investment reconciliations; the role is hybrid with office presence required several days weekly.

Qualifications

• Bachelor's degree in Accounting required.
• 0–2 years of relevant experience in public accounting, corporate tax, or finance.
• Strong proficiency in Microsoft Excel; comfortable with large data sets.
• Attention to detail, organizational skills, and eagerness to learn.
• Ability to manage multiple deadlines and communicate with internal teams and external advisors.

Responsibilities

• Support income tax provision and compliance for the consolidated group.
• Assist in statutory tax reporting for insurance entities.
• Reconcile tax data with the investment portfolio and assist audit requests.
• Track premium tax returns and payments; maintain tax calendar.
• Perform monthly custodian reconciliations and assist investment valuations.

Skills

Excel proficiency

Attention to detail

Organizational skills

Communication skills

Time management

Education

Bachelor's degree in Accounting

Job description

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

About the Role

Coaction Specialty Insurance Group is seeking a Tax & Investment Associate to join its Finance Department. This is an entry-level position supporting both the Tax and Investment Accounting teams, with a primary focus on corporate income tax, insurance tax compliance, and investment‑related tax reporting for a multi‑entity consolidated insurance group. Investment accounting focus will primarily be on custodian bank reporting and reconciliations, expense processing, investment valuations and cash flow. This role offers broad exposure to the tax life cycle of a specialty insurance company — from quarterly provision through annual compliance — working directly with Tax and Investment directors, as well as external advisors. It is well suited to a candidate early in their career who wants hands‑on experience across GAAP and statutory tax accounting, federal and state compliance, and investment tax data.

Key Responsibilities — Tax

• Tax Income Tax Provision & Compliance Support Assist in the preparation of the quarterly and annual income tax provisions under ASC 740 (including interim reporting under ASC 740-270) for the consolidated group
• Support statutory income tax reporting under SSAP 101 for the group's insurance entities
• Assist in analyzing book‑tax differences related to the investment portfolio
• Assist in documenting provision workpapers and responding to auditor requests
• Support the preparation and review of federal and state income tax returns prepared by the group's external tax preparer, including gathering data, preparing PBC (prepared‑by‑client) items, and tracking open requests

Premium Tax Processing & Compliance

• Tracking Process premium tax returns and estimated payments prepared by the group's external premium tax provider, including routing for review, signature, and funding, and record all filings and payments in the department's tax compliance tracking system
• Reconcile the tax compliance tracker to the general ledger on a recurring basis and maintain the tax calendar across federal, state, and specialty filing deadlines

Key Responsibilities — Investment Team Support

• Account Reconciliations Perform monthly custodian par and general ledger account reconciliations.
• Alternative Investment Valuations Support periodic valuations of limited partnership and structure note holdings.
• Investment Expense Processing Process investment manager and custodian bank invoices.
• Statutory Deposit Management Maintain and monitor statutory state deposits, track balances against regulatory requirements and supporting additions, substitutions, or releases as needed.
• Investment Cash Flow Track private placement fundings and limited partnership capital calls and distributions, supporting timely and accurate settlement Monitor custodian cash activity and projected cash flows, communicating funding needs and available balances to the Investment team

Qualifications

• Bachelor's degree in Accounting
• 0–2 years of relevant experience in public accounting, corporate tax, or a finance/accounting role; new graduates with relevant internship or coursework experience are encouraged to apply
• Strong proficiency in Microsoft Excel; comfort working with large data sets
• Strong attention to detail, organizational skills, and willingness to learn
• Ability to manage multiple deadlines and communicate clearly with internal teams and external advisors

This role must sit in our Morristown, NJ office on our hybrid schedule, being in office no less than 3 days a week.

Salary range specific to for this role : $55,000-$70,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

Coaction Specialty Insurance Group (Coaction) is a privately‑owned, specialty property and casualty (P&C) insurance company headquartered in Morristown, New Jersey, with additional offices in Glendale, California, and New York City. Founded in 2009 as ProSight, the company completed a go‑private transaction with investment management firm, TowerBrook Capital Partners (TowerBrook), and private‑equity firm, Further Global Capital Management (Further Global), in August of 2021. Today, Coaction is a full specialty underwriter across five major product verticals: property, casualty, entertainment, executive liability, and multi‑line. Through these verticals, Coaction provides a range of coverages to customers across the U.S. via both open brokerage and delegated underwriting authority platforms. Coaction’s authentic, collaborative, and results‑oriented culture is reflected in the focused approach the company takes to fulfilling the needs of each individual customer by combining product, analytics, and underwriting capabilities with strong industry knowledge and partnerships to develop real‑world solutions. Through data‑driven insights and collaboration with partners, the company co‑acts with customers and partners to rationally manage risk so businesses and communities can build a more ambitious, confident, and sustainable future.