Specialist - Business finops - FTE

Overview

The Specialist, Business Finops provides financial planning, analysis and reporting for Corporate, a business, or a P&L within a business. The role interprets simple internal and external business challenges and recommends best practices to improve products, processes or services.

What you'll do

• Reconcile payments as indicated on remittance documents and reconcile accounts.
• Manage daily withholding balancing and ensure tax reconciliations are balanced.
• 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, such as 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.
• Ensure proper tax reporting for beneficiaries and align reporting processes with current tax laws and policy guidelines.
• Identify and resolve discrepancies or issues in tax treatment and reporting.
• Drive process improvements and system enhancements to improve accuracy and efficiency.
• Ensure adherence to internal controls and regulatory compliance.
• Maintain proper documentation and keep procedures up to date.

What you'll need

• Graduation in any stream; Commerce Graduate preferred.
• 3+ year of working experience in the life insurance domain that required a focus on quality, including attention to details, accuracy, and accountability for your work product.
• In depth knowledge of overall accounting functions.
• Experience in General Ledger Accounting Function, reconciliations, AP, and AR.
• Working experience in setting up the federal, state and local tax withholding amount of the employees, involving compliance to US federal and state tax laws.
• Ability to develop good understanding of Client Finance processes, policies and systems.
• Ability to be hands-on with the process while resolving key process and customer issues.
• Familiarity with US accounting functions, including billings, payments, and receivables, and prior experience of working for these US accounting functions.
• Working knowledge of accounting package ERP, People Soft or alike.

Nice to have

• Commerce Graduate.

Details

• Location: Gurugram, Haryana, India.