Chief Annuity Operations Specialist

2 weeks ago

Ellore, Andhra Pradesh, India beBeeAnnuity Full time ₹ 1,20,00,000 - ₹ 1,80,00,000

Job Summary:

  • Lead a team of associates and foster their professional growth.

Key Responsibilities:

  • Ensure accurate and timely tax reporting for annuity products, including policyholder premiums, payouts, interest, investment income, and return of principal.
  • Oversee the preparation and review of tax documents and filings in accordance with IRS and regulatory standards.

Tax Treatment Execution:

  • Execute daily, monthly, and quarterly activities to ensure proper tax treatment of annuity distributions.
  • Collaborate with actuarial, finance, and legal teams to ensure consistency and accuracy in tax calculations.

Death Benefits & Beneficiary Taxation:

  • Address and resolve issues related to the taxability of death benefits.
  • Ensure proper tax reporting for beneficiaries and align reporting processes with current tax laws and policy guidelines.

Risk Management & Controls:

  • Ensure adherence to internal controls and regulatory compliance.
  • Support audits with relevant documentation and insights.

Requirements:

  • Bachelor's degree in accounting or finance; CPA preferred.
  • 7-10 years of experience in tax reporting or financial operations preferably in insurance or annuity domain.
  • Proven experience in managing mid-sized teams and delivering results in a regulated environment.
  • Strong understanding of U.S. tax regulations related to annuity products and death benefits.
  • Excellent analytical, problem-solving, and communication skills.

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