Manager - Financial Operations

About the job

Responsibilities:

Team Leadership & Oversight:

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

- Provide coaching, performance feedback, and professional development guidance.

- Drive a high-performance culture with a strong focus on accuracy, timeliness, and compliance.

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., 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.

WHAT YOU'LL NEED:

- Bachelor's/ Master'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