Job Description

WHO WE ARE:

Zinnia is the leading technology platform for accelerating life and annuities growth. With innovative enterprise solutions and data insights, Zinnia simplifies the experience of buying, selling, and administering insurance products. All of which enables more people to protect their financial futures. Our success is driven by a commitment to three core values: be bold, team up, deliver value – and that we do. Zinnia has over $180 billion in assets under administration, serves 100+ carrier clients, 2500 distributors and partners, and over 2 million policyholders.

WHO YOU ARE:
The Specialist, Business Finops will play a crucial role and will be responsible for providing financial planning, analysis and reporting for Corporate, a business, or a P&L within a business. Interprets simple internal and external business challenges and recommends best practices to improve products, processes or services. Stays informed of industry trends that may influence work.

WHAT YOU’LL DO:
• Reconciling financial records: Reconcile payments as indicated on remittance documents and reconcile accounts.

• Managing Tax reporting process: Manage daily withholding balancing and ensure tax recs are balanced.

Tax Reporting & Compliance
• 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 (e.g., 1099-R).
Tax Treatment Execution
• 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.
Death Benefits & Beneficiary Taxation
• 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.
Issue Resolution & Process Improvement
• Identify and resolve discrepancies or issues in tax treatment and reporting.
• Drive process improvements and system enhancements to improve accuracy and
efficiency.
Risk Management & Controls
• Ensure adherence to internal controls and regulatory compliance.

• Maintaining documentation: 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 (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. Should have experience in General Ledger Accounting Function, reconciliations, AP, AR
• Should have 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 and will require being hands-on with the process while resolving key process and customer issues
• Familiar with US accounting functions (billings, payments, and receivables) and have prior experience of working for these US accounting functions.
• Working knowledge of accounting package ERP, People Soft or alike.

WHAT’S IN IT FOR YOU?
We’re looking for the best and brightest innovators in the industry to join our team. At Zinnia, you collaborate with smart, creative professionals who are dedicated to delivering cutting-edge technologies, deeper data insights, and enhanced services to transform how insurance is done. Visit our website at www.zinnia.com for more information. Apply by completing the online application on the careers section of our website. We are an Equal Opportunity employer committed to a diverse workforce. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability.