STATE OF NEW HAMPSHIRE
CLASSIFICATION: INSURANCE TAXATION OFFICER
Class Code: 5297-21 Date Established: 01-13-81
Occupational Code: 7-2-4 Date of Last Revision: 12-28-01
BASIC PURPOSE: To collect insurance taxes and fees from companies, brokers, and insureds in accordance with insurance laws and regulations; audit annual tax returns and financial statements; and recommend revocation or restriction of company and/or brokers' licenses.
CHARACTERISTIC DUTIES AND RESPONSIBILITIES:
· Reviews insurance company annual reports and tax returns in order to apply state and municipal tax laws to various lines of insurance and to ensure tax payments for insurance sales are accurate and timely.
· Supervises both billing procedures and clerical staff to collect taxes from domestic insurance companies and surplus line brokers.
· Advises the insurance industry, out-of-state brokers, and the general public regarding the preparation and filing of tax returns and the payment of taxes and fees.
· Collects delinquent taxes, imposes statutory penalties and fines and assesses retaliatory taxes against companies domiciled in states which tax domestic companies operate.
· Gathers information and initiates investigations into unauthorized insurance practices and recommends hearings concerning license revocations and/or restrictions and fines.
· Recommends cancellation of license for companies that cease sales within the state.
· Prepares detailed statistical reports regarding insurance business in the state.
· Discusses and explains state tax laws as they apply to the insurance industry and advises companies, attorneys, brokers, and the general public as to proper application of the law.
Skill: Requires skill in developing formats and procedures for special applications OR in investigating and reviewing the use of equipment and data for a specialized function.
Knowledge: Requires knowledge of business practices and procedures or technical training in a craft or trade, including working from detailed instructions, to apply knowledge in a variety of practical situations.
Impact: Requires responsibility for achieving direct service objectives by assessing agency service needs and making preliminary recommendations for the development of alternative short-term program policies or procedures. Errors at this level result in incomplete assessments or misleading recommendations causing a disruption of agency programs or policies.
Supervision: Requires direct supervision of other employees doing work which is related or similar to the supervisor, including scheduling work, recommending leave, reviewing work for accuracy, performance appraisal, or interviewing applicants for position vacancies.
Working Conditions: Requires performing regular job functions in a controlled environment with minimal exposure to disagreeable job elements and little risk of hazard to physical or mental health.
Physical Demands: Requires light work, including continuous walking or operating simple equipment for extended periods of time as well as occasional strenuous activities such as reaching or bending.
Communication: Requires summarizing data, preparing reports and making recommendations based on findings which contribute to solving problems and achieving work objectives. This level also requires presenting information for use by administrative-level managers in making decisions.
Complexity: Requires coordinating a combination of diverse job functions in order to integrate professional and technical agency goals. This level also requires considerable judgment to implement a sequence of operations or actions.
Independent Action: Requires objective assessment in analyzing and developing new work methods and procedures subject to periodic review and in making decisions according to established technical, professional or administrative standards.
Education: Associate's degree from a recognized college or university with major study in business or accounting. Each additional year of approved formal education may be substituted for one year of required work experience.
Experience: Four years' experience at an insurance company with work related to taxes or in other tax related work. Each additional year of approved work experience may be substituted for one year of required formal education.
License/Certification: None required.
RECOMMENDED WORK TRAITS: Considerable knowledge of arithmetic including fractions and percentages. Considerable knowledge of office practices and procedures. General knowledge of the insurance industry. Ability to review financial reports and draw conclusions. Ability to communicate effectively in oral or written form. Ability to organize and supervise work of others. Ability to establish and maintain effective working relationships with professional and clerical personnel and the public. Must be willing to maintain appearance appropriate to assigned duties and responsibilities as determined by the agency appointing authority.
DISCLAIMER STATEMENT: This class specification is descriptive of general duties and is not intended to list every specific function of this class title.
Last Updated 01/07/03