Assistant Manager - Insurance Premium Tax

Basic Function

• Proficient in Financial Accounting & Reporting, Taxation & Compliance, Financial Analysis, Client Engagement
• Proficient in Microsoft Office applications, Workday, GAAP
• Onshore stakeholder management and internal team management

Essential Functions

·          Prepare Withholding& SUTTax Returns, support the team members in query resolution.

·          Preparation of annual premium tax returns, estimates and other miscellaneous filings for US based entities.

·          Performing a review of filings prepared by other team members for accuracy, completeness and technical proficiency.

·          E filings of returns via OPTins and making the required payment to the state authority.

·          Performing transaction testing for five different types of transactions – New Business, Renewal, Reinstatement,

·          Cancellation and Endorsement, while using required applications.

·          Preparing federal and state workpapers for tax returns and extensions with the primary data provided by client.

·          Preparation of federal, state and local tax returns including extensions for US based Partnerships, Corporations, and S. Corporation using software's like Go System, OneSource etc.

·          Creating e-file XMLs of returns on platforms/software/applications approved by Internal Revenue Services (IRS).

·          Work on client’s portfolio to ascertain PFIC determination and various taxable impacts.

·          Perform Research on the open items and resolve them in timely manner.

·          Assist team to prepare internal reports, provide support in Audits and report deficiencies to offshore team.

·          Provide support to onshore team with tax audits as they arise

·          Co-ordinate within the team for training, resolving complex issues, seeking advice etc.

·          Provide support in preparation of MBR/QBR’s.

Primary Internal Interactions

·                Team members for the purpose of seeking co-operation & clarification on process-related matters & providing support when required

·                QCA for the purpose of feedback and audit

Primary External Interactions

·          Client trainers, SMEs and Operations for the purpose of delivering day to day activities/deliverables.