Tax and Investments Associate

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.

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

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• 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, and 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.

If your application is selected, you will receive an email directly from the Coaction Recruiting Team at [email protected] asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.