Policy Tax Representative I
Summary
Incumbent will be responsible to input and quality checkthe tax reporting on all policy-based disbursements, including surrenders, death claims, 1035 exchanges, policy changes and lapses. In addition, you will perform calculations and updates to our tax reporting system for each disbursement and facilitate the mailing of tax forms, including audit controls.
Key Responsibilities
- Inputting and quality checking the tax reporting upon insurance, annuity, and pension distributions
- Taxpayer identification number processing to comply with IRS guidelines
- Calculate cost basis and gain for all policy and annuity disbursements and exchanges
- Facilitate all tax importing and tax form production
- Facilitate annual mailings to clients to comply with IRS guidelines
Job Requirements
- Bachelor’s degree in related discipline a plus
- Mathematical calculation skills, analytical skills and experience preferred.
- Must be able to comply with IRS deadlines.
- 2-5 years of business experience in the life and annuity industry preferred
- Demonstrates customer focus and a keen appreciation for the needs and interests of our clients
- Proficient in the use of Microsoft Office Suite (Word, Excel, Outlook)
- Strong written and verbal communication skills and effectiveness in a collaborative work environment
- Attentiveness to detail and the ability to work independently under pressure
- Demonstrates commitment to expanding personal knowledge of life insurance operations (ex., successful completion of LOMA courses – 280/281 & 290/291)
- Ability to pass a background check that may include fingerprinting
The base compensation range represents the low and high end of the range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to qualifications, skills, competencies, location, and experience. The range listed is just one component of our total compensation package for employees.
Other rewards may include an annual bonus, quarterly bonuses, commissions, and other long-term incentive compensation, depending on the position. National Life offers a competitive total rewards package which includes: a 401(k) retirement plan match; medical, dental, and vision insurance; a company funded wellness account for director and below employees; 10 paid holidays; a generous paid time off plan (22 days of combined time-off for non-exempt employees and exempt employees have discretion in managing their time, including scheduling time off in the normal course of business, but in no event will exempt employees receive less sick time than required by state or local law); 6 weeks of paid parental leave; and 6 weeks of paid family leave after a year of full-time employment
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.
Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.
National Life Group
1 National Life Dr
Montpelier, VT 05604
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