Bright House Financial, LLC

Director, Investments Tax (Charlotte, NC (Hybrid) or Remote)

Bright House Financial, LLC • $160K — $185K *
Charlotte, NC 28269Hybrid
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • CPA preferred.
  • Master's degree in Tax or Accounting preferred.
  • 8-12 years of investment tax experience, preferably in life insurance or financial services.
  • Technical expertise in life insurance tax compliance and accounting (e.g., Form 1120L, ASC 740).
  • In-depth knowledge of US GAAP, tax regulations, and diverse asset types including derivatives and private equity.
  • Proficient in Microsoft Excel, Access, Word, and PowerPoint; Alteryx experience a plus.
  • Strong communication, accounting, analytical, and tax research skills.

Responsibilities

  • Review and prepare book to tax adjustment calculations for financial statements and tax returns.
  • Participate in preparation of federal income tax return and related forms for investment activities.
  • Maintain tax basis calculations and documentation for investments.
  • Conduct technical tax research on investment transactions and communicate findings.
  • Support tax review of new investments and related agreements.
  • Ensure compliance with SOX regulations in tax accounting.
  • Lead adhoc projects related to tax processes or funding agreements.

Benefits

  • Flexible work environment with remote or office options.
  • Generous paid time off including 20 days and 16 holidays per year.
  • 401(k) plan with company match and annual contributions.
  • Comprehensive medical, vision, and dental plans with health savings accounts.
  • Up to 16 weeks of paid leave for new parents and family support services.
  • Company-paid life and short-term disability insurance.
Full Job Description
Where you'll work:

Our flexible, hybrid work model offers the option to work remotely or in the office.

How you'll contribute:

As an Investment Tax Director, you'll be responsible for all aspects of tax accounting and compliance with respect to the Company's investment portfolio. The Company invests domestically and internationally in a wide array of asset classes in its General Account as well as Separately Managed Accounts, including, but not limited to, real estate, derivatives, mortgages, securities, REMIC, private equity, and joint venture partnership investments. This position will report into the Leader, Income Tax Accounting, Reporting and Compliance.

In this role, you'll get to:
  • Review and/or prepare book to tax adjustment calculations for the Company's investments for financial statement close and in connection with preparation of the Company's federal and state income tax returns.
  • Actively participate in the preparation of the Company's federal income tax return, including but not limited to, review and/or preparation of forms relating to investments activity (e.g., Form 8621, Form 8949, Schedule D, etc.), return to provision, and tax basis balance sheets.
  • Maintain tax basis balance sheets/tax basis calculations with respect to the Company's investments. This will include annual validation of tax basis in bonds, stocks, partnerships, REMICs and other investments and maintenance of appropriate documentation.
  • Perform tax technical research and evaluate impact of investments transactions (e.g., new derivatives, exchanges, etc.). Communicate findings to impacted stakeholders.
  • Support tax review of new investments (e.g., review of side letters and partnership agreements, etc).
  • Maintain control environment and ensure compliance with SOX requirements with respect to Investments tax accounting and compliance.
  • Participate in or lead adhoc projects within and outside of Tax (e.g., Funding Agreement Backed Notes Issuances, tax process improvements, etc.).
  • Identify, manage, and document FIN 48 Uncertain Tax Positions related to investments, including technical and quantitative analysis, advice, and reporting.
  • Support tax audits, as needed, including preparation and/or review of responses to audit requests.
  • Support tax planning including identification, analysis, and implementation of tax planning strategies.
  • Support tax advocacy though participation in ACLI and other trade organizations, as appropriate.
  • Collaborate with Investment Operations and Investment Accounting teams, as necessary, to provide relevant tax support, to ensure tax data needs are met and/or to communicate significant tax developments which may impact Investment Operations and Investment Accounting processes/procedures.


We're looking for people who have:
  • CPA (preferred).
  • Master's degree in Tax or Accounting (preferred).
  • 8 -12 years of investment tax experience at a life insurance or financial services company or at a nationally recognized accounting firm, or a combination thereof.
  • Technical acumen and experience in life insurance tax compliance and tax accounting (i.e., Form 1120L, ASC 740, SSAP 101).
  • In depth knowledge and understanding of US GAAP and tax accounting principles as related to investments, including experience with FAS 115 and 133 and Internal Revenue Code and related regulations, IRS guidance and case law.
  • Understanding of diverse domestic and international asset types, including derivatives, PFICs, RICs, REITs, REMICs, private equity, mortgages, debt and equity securities, and joint venture partnerships.
  • Proficient with Microsoft Excel, Access, Word, and PowerPoint.
  • Alteryx expertise helpful, but not required.
  • Experience using CorpTax, investment accounting systems (PAM for Investments) and general ledger systems (SAP).
  • Strong communication skills, both oral and written.
  • Strong accounting, analytical, and tax technical research skills.
  • Ability to manage issues and projects across Tax and business partners.
  • Ability to clearly communicate complex financial and process-related information to management.
  • Ability to manage multiple complex tasks towards completion at the same time.


Leadership Competencies:
  • Thinks Strategically - Sets direction aligned to the company's strategy, applying external and global perspective to meet local and global needs.
  • Motivates People - Gains people commitment to achieve business objectives through clear communication of the company's vision and flexing leadership styles to inspire high performance.
  • Creates Partnerships - Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Seizes Opportunity - Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.
  • Grows Talent - Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.
  • Models our Values - Creates a culture that promotes the company's values and standards through role modeling, accountability and ownership of decisions.
  • Focuses on Customers - Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.
  • Drives Results - Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.


Research shows some people may not apply for a role if they don't check all the boxes of a job description. If you don't check every box listed, that's okay. We would love to hear from you.

What you'll receive:
  • Compensation - Base salary ranging from $160,000 to $185,000 plus competitive performance-based incentives determined by company and individual results.
  • Flexible Work Environment - Work remotely or in the office to better thrive in all areas of life.
  • Paid Time Off - Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time.
  • Financial Health - Work toward achieving your financial goals through our401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), and financial counseling services.
  • Health and Wellness - Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family.
  • Family Support - Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey.
  • Life and Disability Support - Gain access to company-paid basic life insurance and short-term disability insurance.


The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We'd love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

About Bright House Financial, LLC

Brighthouse Financial offers annuities and life insurance that help protect what people have earned and ensure it lasts. The company is built on a foundation of experience and knowledge, which enables it to provide the value the customers deserve. The company has over $200 billion in total assets, more than 2 million customers, and approximately 2.5 million annuity contracts and insurance policies in force. Brighthouse Financial is the brand name for Brighthouse Life Insurance Company, Brighthouse Life Insurance Company of NY, and New England Life Insurance Company. Brighthouse Financial was founded in 2017 and is headquartered in Charlotte, North Carolina.

Bright House Financial, LLC Careers

Join the dynamic team at Bright House Financial, LLC, a premier financial services provider where innovation meets expert financial guidance. We are currently expanding our talented team, offering a range of job opportunities that promise not only professional growth but also a chance to be part of a culture that values leadership and diversity.

Why Bright House Financial, LLC?

At Bright House Financial, LLC, we believe in empowering our employees to excel through comprehensive training and development programs. As a company, we are committed to fostering an inclusive environment where diverse ideas and perspectives lead to innovative financial solutions for our clients.

Explore Career Opportunities

Whether you're a seasoned professional looking for your next career challenge or a recent graduate eager to start your internship, Bright House Financial, LLC offers a variety of positions across multiple disciplines. Our team is hiring individuals who are passionate about financial services and dedicated to client success.

What We Offer

- **Professional Growth**: Advance your career with our leadership programs, diversity training, and opportunities for promotion. - **Innovative Culture**: Be part of a culture that thrives on innovation and continuous improvement. - **Competitive Benefits**: Enjoy a comprehensive benefits package that supports the health and well-being of you and your family. - **Networking and Mentorship**: Engage with industry leaders and gain valuable insights through structured networking events and mentorship.

Join Our Team

Bright House Financial, LLC is looking for curious, creative, and solution-driven team players. Explore job opportunities that match your skills and interests. We value the unique contributions of each employee and are excited to see how your skills and ideas can help shape the future of our company.

Prepare for Your Interview

Ready to join our team? Prepare your resume to highlight your relevant experience and skills. Our interview process is designed to understand your capabilities and how they align with the goals of Bright House Financial, LLC. We look forward to learning about your professional journey and discussing how you can contribute to our team.

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Discover Bright House Financial, LLC

Explore the exciting and rewarding career opportunities at Bright House Financial, LLC. See what positions are available and how you can contribute to our mission of delivering exceptional financial services.

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Join us at Bright House Financial, LLC, where your career is just as important to us as it is to you. Let’s build a brighter future together.
Learn more about Bright House Financial, LLC
Size
1,500 employees
Market Cap
$3.5 billion
Industry
Finance & Insurance
Net Income
-$1 billion
5 Year Trend
-7.1%
Revenue
$8.5 billion
NASDAQ
BHF
* Ladders Estimates

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