Taxation Manager (Annuity/ Death Claims/IRS/1099-R)

Title: Taxation Manager (Annuity/Death Claims)

Location: Gurugram Haryana India or Noida (Hybrid, 3 days onsite and 2 days remote)

Duration: Full Time Permanent

Shift 12.30 p.m 9.30 p.m IST & 5.30 PM - 2.30 AM IST (but should be comfortable if asked to work evening shift as per client need).

P.S Early joiners would be appreciated. This role is for finance profile but would work with Ops team. Need to come from insurance background.

Job Responsibilities:

Team Leadership & Oversight:

• Lead, mentor, and manage a team of 1520 associates.

Tax Reporting & Compliance:

• Ensure accurate and timely tax reporting for annuity products, including:
• Policyholder premiums
• Annuity payouts
• Interest and investment income
• Return of principal
• Oversee preparation and review of tax documents and filings as per IRS and regulatory standards (e.g., 1099-R).

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.

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.
• 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.

Risk Management & Controls:

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

Requirement:

• Bachelors degree in accounting, Finance, or a related field; CPA or equivalent preferred.
• 710 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.