
Annuity Tax Leadership Specialist
1 day ago
Job Title: Annuity Tax Leadership Specialist
Job Summary:
We are seeking an experienced leader to manage our annuity tax operations in the United States. As a key member of our team, you will be responsible for ensuring accurate and timely tax reporting, leading a team of professionals, and collaborating with cross-functional teams.
Key Responsibilities:
Team Leadership & Oversight
- Lead, mentor, and manage a team of 15–20 associates.
Tax Reporting & Compliance
- Ensure accurate and timely tax reporting for annuity products, including policyholder premiums, annuity payouts, interest and investment income, and return of principal.
- Oversee preparation and review of tax documents and filings as per IRS and regulatory standards (e.g., 1099-R).
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.
- Identify and resolve discrepancies or issues in tax treatment and reporting.
Risk Management & Controls
- Ensure adherence to internal controls and regulatory compliance.
- Support audits, both internal and external, with relevant documentation and insights.
Requirements:
- Bachelor's degree in accounting, Finance, or a related field; CPA or equivalent 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.
- Proficient in MS Excel, tax systems, and reporting tools.
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