Product Tax Senior Manager 

This role will focus on corporate wide product tax issues. This includes tax reporting for our annuity products, tax compliance for our life insurance products (7702 and 7702A), tax implications for non-qualified pension plans, monitoring industry tax reporting issues and other company tax objectives. This role will require interaction with all our strategic business units, guiding our company’s product tax policies and playing a leading role in tax-based projects and initiatives. This corporate finance role will work closely with product managers, actuaries and our legal team to promote industry best practices and strengthen our compliance procedures.


Job Responsibilities:

•       Partner with the policyholder tax reporting personnel on questions arising out of 1035 exchanges, change of ownership on life insurance and annuities, transfer for value questions, etc. 

•       Responsibility to see that product tax issues (7702 and 7702 A) are addressed when any new life insurance products are developed (including managing tax disclosures in illustrations and notices when policies are identified as MECs)

•       Ownership of product review process for tax related issues

o       Establish product review gates

o       Review historical product portfolio

•       Identify income tax issues associated with our individual life and annuity products

•       Monitor industry developments so that we are keeping pace with new guidance from the IRS and changes in industry practices

•       Review all advertising and marketing materials with statements about income taxes

•       Track developments of new products in all areas to review for tax issues that need to be addressed. 

•       Responsible for ongoing FATCA compliance

•       Responsible for consulting on 1099 Reporting


The above statement of duties is not intended to be all inclusive and other duties will be assigned from time to time.


Job Requirements:

1.      Undergraduate degree in accounting, actuarial science, statistics, mathematics or a related field or equivalent professional related work experience.

2.      Master’s degree in Taxation, JD in Taxation or designation as CPA or CFA, FSA or FCAS Level or equivalent preferred.

3.      Ten-plus years of experience in a tax and/or actuarial setting with progressive responsibilities.

4.      Broad knowledge of insurance operations, products and emerging issues.

5.      Ability to communicate technical concepts to non-technical audiences.

6.      Ability to interact with other functional areas as required.

7.      Ability to pay attention to detail, produce accurate results and develop self-validation skills.

8.      Strong organization and time management skills.

9.      Ability to handle multiple priorities and tight deadlines.

10.     Ability to work independently or as part of a team.

11.     Ability to develop and use collaborative relationships to facilitate the accomplishment of work goals.

Benefits - Full 
Relocation Assistance Available - Possible for ideal candidate 
Bonus Eligible - Yes 
Interview Travel Reimbursed - Yes 
10+ to 15 years experience
Minimum Education - Bachelor's Degree

Location: Wisconsin