Lead Tax and Regulatory Analyst - Hybrid

Transamerica•Cedar Rapids, IA

13d•$63,000 - $80,000•Hybrid

About The Position

Responsible for supporting the tax and regulatory functions within the life and annuity processing teams. This role involves researching complex transactions, interpreting tax law changes, and leading product enhancement initiatives impacting Information Reporting and Withholding. The analyst will also support management by implementing and monitoring team objectives, adhering to company policies, and providing performance feedback to team members. Additionally, the role includes mentoring team members to ensure correct handling and customer satisfaction.

Requirements

High School diploma or equivalent.
5+ years with annuities, insurance or financial services.
Comprehensive knowledge of processes and systems used for administration of tax regulations related to annuities; able to gather data from multiple administrative support systems, interpret, trouble shoot and answer business unit questions related to product taxation and reporting.
Lead team in problem resolutions that arise due to production system problems or customer escalations.
In depth understanding of fixed and variable annuity concepts.

Nice To Haves

Associates degree or equivalent education/experience.
Highly developed interpersonal skills and the ability to communicate effectively to a variety of audiences.
Ability to work under pressure and show effective decision making skills.
Self-motivated.
Demonstrate strong analytical, customer service, number recognition and teamwork skills.
Strong attention to detail.
Excellent verbal and written communication skills.

Responsibilities

Research complex transactions in relationship to the daily monitoring of policyholder processing.
Interpret tax law changes and identify a course of action for the various departments affected with changes in law as it relates to taxation of annuities and life products.
Maintain and support records for functions not system supported pertaining to tax law including but not limited to aggregation, cost basis manual updates, foreign reporting, and withholding.
Serve as the lead for product enhancement initiatives impacting Information Reporting and Withholding, ensuring comprehensive testing is planned, coordinated, and executed, including validation of results to support accurate, compliant, and well-controlled implementations.
Support management and department through implementing and monitoring individual and team objectives/goals while ensuring company policies and procedures are adhered to.
Provide feedback and documentation for team members regarding performance, including production and quality to meet/exceed departmental objectives.
Working with management to mentor and provide feedback to team members to ensure correct handling and customer satisfaction.
Other duties as assigned based on divisional needs.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs