
Senior Tax Reporting Specialist
6 days ago
The Annuity Claims Manager role is a pivotal position in the financial sector, responsible for leading a team of professionals to ensure accurate and timely tax reporting for annuity products.
Job Responsibilities:
- Manage a team of 15–20 associates to deliver results in a regulated environment.
Key Activities:
- 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 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.
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.
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