Financial Operations Manager

2 days ago

Bengaluru, Karnataka, India beBeeFinancialOperations Full time US$ 90,000 - US$ 1,20,000

Job Title: Financial Operations Manager

### Job Description

As a Financial Operations Manager, you will lead and manage a team of 15-20 associates in ensuring accurate and timely tax reporting for annuity products. This includes policyholder premiums, annuity payouts, interest and investment income, and return of principal.

Key Responsibilities:

1. Team Leadership & Oversight:

  • Lead, mentor, and manage a team of 15-20 associates.

2. 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.
  • Oversee preparation and review of tax documents and filings as per IRS and regulatory standards (e.g., 1099-R).

3. Tax Treatment Execution:

  • 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.

4. Death Benefits & Beneficiary Taxation:

  • 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.

5. Issue Resolution & Process Improvement:

  • Identify and resolve discrepancies or issues in tax treatment and reporting.
  • Drive process improvements and system enhancements to improve accuracy and efficiency.

6. Risk Management & Controls:

  • Ensure adherence to internal controls and regulatory compliance.
  • Support audits, both internal and external, with relevant documentation and insights.

### Required Skills and Qualifications

A successful candidate will possess the following qualifications:

  • 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

This role offers a dynamic work environment, opportunities for growth and development, and a competitive salary package.

### Others

If you are a motivated and detail-oriented professional looking to take on a leadership role in financial operations, we encourage you to apply.

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