Voya Financial

Sr. Tax Analyst, Health Solutions

United States

Voya Financial Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting, Taxation, or a related field, and have at least five years of progressive tax experience, preferably within the health solutions industry. Strong knowledge of federal and state tax rules related to employee benefits, including life insurance, short-term and long-term disability, and PFML, is required, along with the ability to interpret and explain these rules. Familiarity with tax reporting and withholding, including 945, 941, and 1042 filings, is also necessary.

Responsibilities

The Sr. Tax Analyst will 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. They will be responsible for functional knowledge of performing and completing state filings and federal filings, including quarterly reconciliations and federal tax returns, and responding to and maintaining compliance for federal tax notices. Furthermore, the role involves supporting internal customers with accurate and timely responses to inquiries regarding federal and state withholding and reporting, and providing periodic feedback on inquiry activity.

Skills

Tax compliance
Federal and state tax rules
Tax filings (945, 941, 1042)
Tax notices (CP2100, 972-CG)
Legislative and regulatory monitoring
Policy and procedure updates
Federal and state reconciliation
Federal tax returns
Responding to tax notices
Communication skills
Training and process management

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

Key Metrics

New York City, New YorkHeadquarters
2014Year Founded
IPOCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Benefits

Health Savings Account (HSA)
Flexible Spending Accounts (FSA)
Rally wellness program
Employee Assistance Program (EAP) and Work Life Services
Behavioral Health Family Support Program
Livongo support for diabetes, hypertension, and weight management
AccessHope cancer support
Wellthy caregiving assistance
Back-up child care and elder care
Health Advocate
ABLE accounts
Legal insurance
Identity theft protection
Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.
Operational challenges in integrating OneAmerica's business could affect service quality.
Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.
The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.
Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.
The financial wellness market's growth offers significant opportunities for Voya's programs.
AI integration in investment management can enhance Voya's strategies and client outcomes.

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