Policy Tax Specialist

National Life Insurance Company • Montpelier, VT

8d

About The Position

Come join one of America’s fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.
Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.
We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.
Please note that we do not offer visa sponsorship for this position.
Incumbent will be responsible to input and quality check the 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.

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

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

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!
• The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered.
• The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive programs, subject to the rules governing such programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees