Sr. Tax Analyst, Health Solutions

Together we fight for everyone’s opportunity for a better financial future.

We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future.  We know that reaching this future depends on our actions today.

Like our Purpose Statement, Voya believes in being bold and committed to action.  We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.

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Get to Know the Opportunity:

The Sr. Tax Analyst is responsible for specific tasks relating to compliance with federal and state tax rules associated with tax reporting and withholding related to Employee Benefits including Life Insurance, Short Term/Long Term Disability and PFML.  Able to interpret and explain rules associated with the calculation and application of federal and state tax withholding.  The role may include broad responsibilities or require a narrower focus, such as developing expertise in the withholding and reporting for Non-Resident Aliens, or other specific tax areas. The Sr. Tax Analyst may be responsible for training less experienced associates and running complex tax processes with managerial oversight.

The Contributions You'll Make:

• Monitor and communicate legislative and regulatory developments impacting tax withholding and reporting

• Update existing Tax reporting and withholding Policies and Procedures and identify opportunities for new Policies and Procedures

• Functional knowledge of performing and completing state filings and federal filings, including quarterly reconciliations and federal tax returns, including 945, 941 and 1042. 

• Functional knowledge of responding to and maintaining compliance for federal tax notices, including Notice CP2100 and Notice 972-CG. 

• Effective communication skills, both verbal and written, with all employee and management levels, in order to clearly communicate tax policies and guidance, ensure mutual understanding and provide education.

• Support internal customers with accurate and timely responses to inquiries, including regarding federal and state withholding and reporting

• Provide periodic feedback on inquiry activity and emerging trends

• Identify and implement process improvement ideas to increase efficiency and reduce risk

• Provide technical expertise for the development of internal training materials and external communications

• Provide accurate and timely Procedure reviews for internal partners

• Provide accurate distribution forms review and guidance

• Provide Tax reporting and withholding guidance for Employee Benefit Products, including Life Insurance, Short Term/Long Term Disability and PFML.

• Support both team projects and enterprise-wide projects that have tax components

• Actively participate in industry groups such as ACLI

• Contribute to continuous improvement initiatives, including development of standard work and constructive participation in huddles, root cause problem solving, process confirmations and coaching sessions

Minimum Knowledge & Experience:

• Bachelor's degree in accounting or related field (e.g., Business, Economics)

• 5 or more years’ experience with Employee Benefits, including Life Insurance, Short Term/Long Term Disability and PFML with emphasis on tax withholding and reporting requirements, including Social Security and Medicare tax

• Experience with Forms W-2, 1099-MISC. 1099-R, and 1042-S, and Puerto Rico Form 499R-2/W-2PR and the associated federal and state withholding rules relating to distributions from employee benefit products 

• Ability to read, analyze and interpret tax laws and regulations and determine impact on both the Tax team and the enterprise organization

• Ability to write memos, procedures and other co