Senior Income Tax Accountant

Posted 5 Days Ago
Be an Early Applicant
Chicago, IL
54K-118K Annually
Junior
Healthtech • Insurance
The Role
The Senior Income Tax Accountant at HCSC will manage income tax compliance and accounting, including the preparation of federal and state tax returns, financial statement provisions, and tax research. This role involves collaboration within the tax department to improve processes and stay updated on tax regulations, particularly in the insurance sector.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

This Sr. Income Tax Accountant role will support most aspects of the income tax compliance and accounting cycle, including the preparation of federal and state income tax returns, quarterly financial statement tax provisions, and all other tax life-cycle processes by supporting the preparation of other federal and state compliance filing requirements. This role will have the general knowledge to support areas of tax accounting and reporting, and return-to-provision calculations with a moderate level of direction and guidance.

Job Responsibilities:

  • Preparation of monthly and quarterly income tax provisions for GAAP and Statutory companies under ASC 740 and SSAP 101, as well as related tax footnote disclosures, and supporting analytics.
  • Participate in the completion of the consolidated federal and state corporate income tax returns, including preparing pro-forma returns within income tax software, calculating book to tax differences and estimated tax calculations.
  • Perform tax research as assigned.
  • Provide fresh perspective on tax processes and identify potential improvements, including the use of tax technology and automation, where applicable.
  • Collaborate with Tax Department peers to address tax issues and meet organizational objectives.
  • Stay abreast of technical developments with the US taxation of domestic corporations including provisions specific to the insurance industry.

Required Job Qualifications:

  • Bachelor Degree in Business and 2 years experience in tax accounting or assets accounting or a combination of 6 years experience in tax accounting or assets accounting.
  • Experience with GAAP and statutory accounting.
  •  Experience with income tax returns.
  •  Experience with fixed asset related schedules for state tax returns.
  •  PC proficiency to include Word, Excel, and PowerPoint
  •  Clear, concise communication, with good grammar and word choice.
  •  Some travel required for continuing education.

Preferred Job Qualifications:

  •  Certified Public Accountant designation, and/or Master of Science in Taxation degree
  • Knowledge within the insurance industry
  • Exposure to statutory accounting principles and Statement of Statutory Accounting Principles No. 101
  • Experience with income tax technology software (e.g., Corptax, OneSource)
  • Knowledge within the insurance industry

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HCSC Employment Statement:

We are an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

Base Pay Range$53,500.00 - $118,100.00

The Company
HQ: Chicago, IL
13,563 Employees
On-site Workplace

What We Do

Imagine Something New, Something Different.

Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families.

HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development.

HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC.

Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization.



Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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