
Annuity Tax Specialist
1 day ago
The Annuity Claims Manager oversees daily, monthly, and quarterly activities to ensure proper tax treatment of annuity distributions.
- Team Leadership & Oversight:
- Lead, mentor, and manage a team of 15–20 associates, fostering a collaborative environment and promoting professional growth.
- 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, adhering to IRS and regulatory standards (e.g., 1099-R).
- Oversee preparation and review of tax documents and filings, guaranteeing consistency and accuracy in tax calculations.
- Tax Treatment Execution:
- Collaborate with actuarial, finance, and legal teams to implement tax treatment strategies and ensure alignment with current tax laws and policy guidelines.
- Death Benefits & Beneficiary Taxation:
- Address and resolve issues related to the taxability of death benefits, ensuring proper tax reporting for beneficiaries.
- Drive process improvements and system enhancements to optimize accuracy and efficiency in tax treatment and reporting.
- Risk Management & Controls:
- Ensure adherence to internal controls and regulatory compliance, supporting audits with relevant documentation and insights.
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