Annuity Business Development Director

1 week ago

Salem, Tamil Nadu, India beBeeAnnuity Full time US$ 12,00,000 - US$ 15,00,000

**Job Title:** Annuity Operations Manager

This is an exciting opportunity to lead a team of professionals and drive success in annuity operations.

**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.

• 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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