Sr Tax Analyst, Wealth 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.

Are you ready to join a company with a strong purpose and a winning culture? Start your Voyage – Apply Now

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 on distributions from and contributions to retirement plans and products including 401(a), 401(k), 403(b), Governmental and non-governmental 457(b) plans and Traditional, Roth, SEP and Simple IRAs.  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 more narrow focus, such as developing expertise in the taxation of distributions from Puerto Rico qualified plans. 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

• Support internal customers with accurate and timely responses to inquiries

• 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 various Products, such as Qualified Plans, Non-Qualified Plans, IRAs, Non-Qualified Annuities, Puerto Rico Qualified Plans, Employee Benefits including Life Insurance

• 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

• 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.

Minimum Knowledge & Experience:

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

• 5 or more years’ experience with 401(a)/(k), 403(b), Governmental 457(b). Non-governmental 457(b), and 409A plans’ Traditional, Roth, SEP and SIMPLE IRAs; Non-Qualified Annuities;  Employee Benefits, with emphasis on tax withholding and reporting requirements. 

• Experience with Forms 1099-R, W-2, 1042-S, 5498, 1099-MISC and 1099-NEC and the associated federal and state withholding rules relating to distributions from retirement plans and 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 correspondence

• Ability to effectively present information and respond to questions from managers and business units

• Ability to identify and resolve problems in a timely manner

• Willingness to make decisions, support and explain reasoning for decision and include appropriate individuals in decision-making process

• Reacts well under pressure, treats others with respect, accepts responsibilities for own actions and follows through on commitments

• Knowledge of Microsoft Office, including Outlook, Word, and Excel

• Demonstrates accuracy and thoroughness, looks for ways to improve and promote quality

• Volunteers readily, undertakes self-development activities, seeks increased responsibilities, asks for and offers help when needed

• Desired: Experience responding to tax reporting and withholding questions from a shared e-mail box.

• Desired: Familiarity with Puerto Rico Form 480.7C and the associated Puerto Rico withholding requirements.

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Compensation Pay Disclosure:

Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.

The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.

Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

Be Well. Stay Well.

Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.

What We Offer

• Health, dental, vision and life insurance plans
• 401(k) Savings plan – with generous company matching contributions (up to 6%)
• Voya Retirement Plan – employer paid cash balance retirement plan (4%)
• Tuition reimbursement up to $5,250/year
• Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
• Paid volunteer time — 40 hours per calendar year

Learn more about Voya benefits (download PDF)

Critical Skills

At Voya, we have identified the following critical skills which are key to success in our culture:

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Learn more about Critical Skills

Equal Employment Opportunity

Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.

Reasonable Accommodations

Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.

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