
A seasoned Annuity Claims Professional
1 week ago
Annuity Claims Manager Role Summary
We are seeking an experienced Annuity Claims Manager to lead our team and oversee tax reporting and compliance for annuity products. The successful candidate will have a strong understanding of US tax regulations and experience in managing mid-sized teams.
Key Responsibilities:
- Lead, mentor, and manage a team of 15-20 associates.
- 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).
- 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.
- 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.
- Drive process improvements and system enhancements to improve accuracy and efficiency.
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 US 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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