Annuity Claims Management Specialist

1 week ago


Davangere, Karnataka, India beBeeAnnuityClaims Full time US$ 1,80,000 - US$ 2,00,000

Job Title: Annuity Claims Management Specialist

The Role:

We are seeking an experienced Annuity Claims Management Specialist to join our team. In this role, you will be responsible for leading and mentoring a team of professionals to ensure accurate and timely tax reporting for annuity products.

Responsibilities:

  • Lead a team of 15–20 associates in tax reporting and compliance for annuity products.
  • Ensure accurate and timely tax reporting for 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).
  • 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.
  • 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.

Benefits:

  • Opportunity to work with a dynamic team in a rapidly evolving industry.
  • Chance to develop and implement process improvements and system enhancements.
  • Competitive salary and benefits package.


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