
Annuity Tax Specialist
2 days ago
Job Title: Annuity Claims Expert
Key Responsibilities:
- Lead a team of 15-20 associates and mentor them to achieve excellence.
- 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 issues related to the taxability of death benefits and ensure proper tax reporting for beneficiaries.
- Identify and resolve discrepancies or issues in tax treatment and reporting.
- Drive process improvements and system enhancements to improve accuracy and efficiency.
- Ensure adherence to internal controls and regulatory compliance and support audits 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:
- Professional growth and development opportunities.
- Collaborative and dynamic work environment.
- Competitive salary and comprehensive benefits package.
Other Opportunities:
- Participate in continuous learning and skill enhancement programs.
- Contribute to company-wide initiatives and projects.
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