AVP, State & Local Insurance Tax

The AVP, State & Local Insurance Tax at Chubb is responsible for managing and ensuring compliance with state and local insurance premium tax laws, overseeing the preparation and review of tax returns, and developing strategies for optimal tax payments. They must collaborate with other tax professionals within Chubb to ensure proper tax planning and address any controversies related to state and local premium taxes.

Candidates for the AVP, State & Local Insurance Tax position at Chubb should have significant experience in tax compliance, particularly in the insurance sector. A strong understanding of state and local tax laws, excellent analytical skills, and a demonstrated ability to work alongside both internal and external stakeholders are essential. Appropriate education credentials in finance, accounting, or related fields are also highly valued.

The AVP, State & Local Insurance Tax plays a crucial role in shaping Chubb's tax strategy by ensuring compliance with tax laws, developing tax planning strategies, and identifying potential risks. This position entails providing insights and recommendations based on the analysis of complex tax regulations, helping Chubb to optimize its tax position while minimizing liabilities.

The AVP, State & Local Insurance Tax at Chubb may handle various tax controversies, including audits from state tax authorities and disputes pertaining to premium tax assessments. This involves coordinating responses to inquiries from tax auditors and collaborating with both internal teams and external advisors to resolve issues effectively.

Essential skills for the AVP, State & Local Insurance Tax role at Chubb include strong analytical and problem-solving abilities, effective communication skills for liaising with tax auditors and business partners, and a proactive approach to research and compliance. Leadership capabilities for managing tax staff and collaborations with external partners are also crucial for success in this position.

To ensure compliance with state and local tax laws, I stay updated on current regulations, conduct thorough research, and regularly consult with both internal stakeholders and external tax advisors. I prioritize accurate filings and timely payments, implementing systems to track compliance and address potential risks proactively.

Certainly! In a previous role, I encountered a complex dispute with a state tax authority regarding premium tax assessments. By conducting detailed analyses and collaborating with internal teams, we formulated a response that clarified our position, addressing the tax authority's concerns and ultimately leading to a successful resolution.

I recommend conducting regular audits of tax filings to identify discrepancies and potential savings. Additionally, proactive engagement with tax professionals and continuous education about regulatory changes can uncover opportunities for optimization, such as tax credits or incentives that align with the company's operations.

My approach to managing tax controversies involves early identification, comprehensive research, and thorough documentation. I work closely with both internal teams and external advisors to prepare and coordinate responses, ensuring we fully address auditors' inquiries and present a well-supported case.

In previous roles, I prioritized collaboration by establishing strong communication channels with finance, legal, and operational teams. Regular meetings and updates ensured that all stakeholders were informed about tax implications and compliance requirements, fostering a team-oriented approach towards our tax strategy.

I have extensive experience preparing and reviewing state and local premium tax returns, ensuring accuracy and compliance with regulations. This has involved coordinating with third-party firms and applying analytical skills to verify that all deductions and credits are correctly reported.

I stay updated on tax legislation through various channels, such as attending industry conferences, participating in webinars, and subscribing to relevant tax journals. Additionally, I am part of professional organizations that provide insights and updates on regulatory changes pertinent to the insurance sector.

I have managed multiple tax audits from start to finish, which involved preparing documentation, liaising with auditors, and providing necessary information to support our tax filings. My goal is always to ensure transparency and compliance while defending the company's tax positions effectively.

I utilize various tax compliance software and accounting systems to streamline the preparation and filing of tax returns. Tools that analyze data for potential risks and opportunities are invaluable, enhancing efficiency and accuracy in our reporting processes.

I am particularly interested in the AVP, State & Local Insurance Tax position at Chubb because of the company's strong commitment to compliance and strategic tax planning. I am excited about the opportunity to collaborate with talented professionals while contributing to Chubb's success in navigating the complex insurance tax landscape.