Revenue Recognition Senior Accountant at ICF providing analytics and support for revenue recognition team. Collaborating on compliance, documenting processes, and participating in audits from Reston, VA office.
About the role
- Senior Group Benefits Tax Accountant managing tax compliance for group benefits like life and disability. Overseeing reporting and regulatory adherence while collaborating with finance teams.
Responsibilities
- As a Senior Group Benefits Tax Accountant, you’ll play a key role in Pacific Life’s growth and long-term success by leading tax compliance and financial support for our group benefits products, including disability, life, supplemental health, dental, and vision.
- You'll be responsible for overseeing the tax treatment of disability claims, ensuring accurate tax reporting and remittance, and serving as the division’s subject matter expert on benefits taxation.
- Perform and review complex pre- and post-disability earnings calculations.
- Calculate partial earnings for claimants returning to part-time work.
- Verify claim taxability at the employer/policy level and request annual documentation.
- Ensure accurate benefit payments and net amounts based on tax status.
- Conduct financial audits within the EIS system to validate benefit calculations, offsets, and payment integrity.
- Identify and correct underpayments or overpayments.
- Recalculate FICA withholdings when taxability changes occur.
- Issue corrected W-2s (W-2Cs) for prior-year adjustments.
- Oversee the financial recovery process and develop long-term strategies for fund recovery.
- Validate daily, quarterly, and annual tax withholdings and remittances.
- Ensure timely and accurate remittance to federal and state tax agencies.
- Lead year-end tax reporting for claimants (W-2, 1099) and employers based on tax support agreements and elections.
- Provide expert guidance on tax-related matters beyond standard claims processing.
- Support call center staff with tax inquiries and develop annual FAQs for W-2, 1099-LTC, and 1099-INT forms.
- Respond to tax questions from claimants, employers, and brokers.
- Manage policy-level taxability corrections and Tier 1 policyholder tax reports.
- Prepare and distribute FICA consent letters for prior-year overpayment refunds.
- Partner with Finance to establish financial controls and robust reporting mechanisms.
- Collaborate with Training to develop financial training programs to improve accuracy.
- Identify and implement process improvements to enhance tax compliance and operational efficiency.
Requirements
- Minimum 8+ years of relevant experience in finance, tax, or compliance roles within the insurance or group benefits industry.
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field (or equivalent experience).
- Deep knowledge of federal and state tax regulations related to disability benefits, sick pay, and group insurance products.
- Experience managing multi-state tax compliance and understanding of state-specific disability and PFML programs.
- Strong analytical and auditing skills, with the ability to interpret complex financial and tax data.
- Proficiency in Microsoft Excel; familiarity with business intelligence tools (e.g., Tableau, PowerBI) and claims systems (e.g., EIS) is a plus.
- Excellent communication and collaboration skills, with a customer-service mindset.
Benefits
- Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs.
- Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
- Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
- Paid Parental Leave as well as an Adoption Assistance Program
- Competitive 401k savings plan with company match and an additional contribution regardless of participation
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