Michael Wedig
About Michael Wedig
Michael Wedig serves as the Vice President and Tax Director at The Cincinnati Insurance Company, where he has worked since 2007. He has extensive experience in tax management, having previously held positions at American Financial Group and AIG American General Life.
Work at The Cincinnati Insurance Companies
Michael Wedig has served as Vice President and Tax Director at The Cincinnati Insurance Company since 2007. In this role, he has been instrumental in organizing the initial tax department for Cincinnati Financial Corporation. His responsibilities include overseeing the GAAP and statutory financial reporting process for income tax accounting, which is essential for SEC and NAIC annual statement filings. Prior to his current position, he worked as Assistant Vice President, Tax Director at the same company from 2004 to 2007.
Education and Expertise
Michael Wedig holds a Bachelor of Business Administration (BBA) in Accounting from the University of Cincinnati, where he studied from 1978 to 1983. He furthered his education by obtaining a Master of Science (MS) in Taxation from the same institution, completing his studies from 1985 to 1991. His academic background supports his extensive expertise in tax planning and financial reporting.
Background
Before joining The Cincinnati Insurance Company, Michael Wedig accumulated significant experience in the tax field. He worked as a Tax Manager at American Financial Group from 1990 to 2001, followed by a position as Tax Director at AIG American General Life from 2001 to 2003. His career has been primarily based in the Cincinnati, Ohio area, with a brief period in Houston, Texas.
Achievements
Michael Wedig has effectively utilized the 2017 Tax Cuts and Jobs Act to secure permanent tax savings for his organization, resulting from a 14 percent tax rate decrease. He consistently adds value through strategic tax planning, which positively impacts the financial performance of the company. Additionally, he has contributed to academia as a part-time adjunct professor at the University of Mount St. Joseph, teaching individual and corporate tax for three academic years.