Finance Manager (Annuity/Death Claims/ U.S Tax Transactions/IRS)

Title: Business Financial operations Manager (Annuity/Death Claims/U.S Tax Transactions/IRS)

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

Duration: Full Time Permanent

Shift – 12.30 p.m – 9.30 p.m 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.

Job Responsibilities:

Team Leadership & Oversight:

• Lead, mentor, and manage a team of 15–20 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:

• 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.