Tax Compliance and Reporting Analyst

As a Tax Compliance and Reporting Analyst at Genworth, your primary responsibilities include preparing and reviewing federal, state, and international tax returns for various legal entities. You will also handle quarterly and annual GAAP and STAT tax provisions, serve as a lead process owner in technical areas of tax provision and compliance, and assist in gathering necessary documentation related to tax provisions. Additionally, you will analyze and reconcile general ledger tax accounts and support various projects to enhance our tax processes.

To be considered for the Tax Compliance and Reporting Analyst position at Genworth, candidates should possess a BS in Accounting, Finance, or a related field, along with 2-5 years of relevant work experience in tax accounting, compliance, and reporting. Candidates should also have knowledge of GAAP and ASC 740, strong analytical skills, attention to detail, and excellent organizational abilities. Experience with tax research databases and the ability to communicate effectively across all organizational levels are essential.

At Genworth, the Tax Compliance and Reporting Analysts benefit from a robust training program designed to enhance technical, analytical, and business skills. Regular training sessions ensure that you remain up-to-date with the latest tax compliance regulations and best practices, enabling you to thrive in your role and advance your career in the finance domain. This commitment to employee development helps create a knowledgeable and effective team dedicated to delivering high-quality tax services.

Genworth embraces diversity and inclusion as a core value and actively fosters a workplace where all employees can bring their authentic selves to work. For Tax Compliance and Reporting Analysts, this means working in an environment where unique perspectives and experiences are valued, allowing for collaborative problem-solving and a sense of belonging. Genworth also engages in community involvement and supports initiatives that promote inclusivity within the team and the wider community.

Genworth offers a comprehensive benefits package for Tax Compliance and Reporting Analysts, including competitive compensation, healthcare coverage, a generous 401(k) savings plan, wellness support, and paid time off. Additionally, employees receive support for professional development through tuition reimbursement, student loan repayment assistance, and training opportunities, ensuring a fulfilling and rewarding work experience.

When answering this question, highlight your relevant work experience, emphasizing specific roles where you prepared tax returns, handled provisions, or worked with cross-functional teams. Discuss the types of compliance you have worked on, and if possible, provide examples of challenges you've overcome or improvements you've implemented in past positions.

In your response, discuss your attention to detail and systematic processes. Mention any specific software or tools you utilize for checking accuracy, as well as your methods for data reconciliation. It’s beneficial to provide an example of a time when your diligence led to a successful outcome in your work.

Explain your methods for staying informed, such as subscribing to industry newsletters, joining professional organizations, attending webinars, or participating in training programs. Emphasize the importance you place on continuous learning and adapting to new regulations to ensure compliance in your work.

Provide a clear example of how you tailored your communication to make technical tax concepts understandable to non-specialists. Discuss the outcomes of your efforts and how effective communication helped foster collaboration or understanding within your organization.

Discuss the specific tax software tools you've used, such as ONESOURCE or similar programs, and describe your level of proficiency. Mention how these tools have enhanced your efficiency in tax compliance and reporting tasks, as well as your ability to learn new software quickly.

Provide a framework or specific strategies you use for prioritization, such as identifying urgent versus important tasks. Share an example of a time you effectively managed multiple deadlines in your previous roles and the outcomes of your prioritization efforts.

Articulate your grasp of Generally Accepted Accounting Principles (GAAP) and their role in ensuring the accuracy and consistency of financial reporting. Discuss your experience with GAAP in relation to tax reporting and how adhering to these principles ensures compliance and mitigates risk.

Use a specific example to demonstrate your analytical skills and problem-solving abilities. Explain the complexity of the issue, the steps you took to research it, and how you arrived at a solution while ensuring compliance with relevant regulations.

Articulate your method for investigating and resolving discrepancies, emphasizing your analytical skills and attention to detail. Provide a specific example where you successfully identified and resolved a data discrepancy to improve accuracy in tax reporting.

When answering, connect your career goals with the mission and values of Genworth. Discuss how your skills and passion for tax compliance align with Genworth's commitment to community and quality service, and how you envision contributing to the company's success.