Job Description

Our client is one of the largest securities firms and investment banks in the nation. They provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. The Company has over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.  

The Securities Processing Division in our New York office is seeking a Tax Reporting and Cost Basis Senior Analyst to join our team. The Senior Analyst is expected to be a subject matter expert for IRS tax reporting requirements, cost basis concepts, financial products and broker-dealer operations.

Responsibilities include, but are not limited to:

• Perform investigation and resolution of cost basis, tax withholding, and position reconciliation breaks identified through reports
• Perform investigation and resolution of client tax reporting and cost basis queries
• Perform investigation and resolution of 1099 & 1042-S reporting breaks
• Ensure 1099, 1042s & 1042 reporting is completed before IRS deadlines with maximum accuracy and minimal corrections needed
• Ensure timely remittance of withheld taxes
• Lead process-enhancement and risk-reduction initiatives
• Manage information requests from internal and external auditors
• Develop and maintain relationships with internal and external stakeholders
• Create and distribute daily KPIs and KRIs for management attention
• Identify and perform timely escalation of tax and cost basis related risks
• Coordinate resolution of breaks across stakeholders within Operations, resolve technical issues with vendors, and lead tax-related projects
• Provide guidance and leadership for junior analysts, demonstrate initiative in process enhancement and risk-reduction initiatives, and collaborate with peers across business functions to improve cross-functional efficiency
• Perform other tasks and duties as assigned

Experience and Skills

• Bachelor's Degree from an accredited university preferred; or 5-10 years of equivalent relevant work experience in place of the degree
• Advanced knowledge of the Maxit cost basis engine, Phase 3 and BETA accounting systems, and Wall Street Concepts’ Compliance Plus system
• Strong technical skills related to MS Excel and SQL databases
• Proficient with MS Word, Outlook, Access and PowerPoint
• Excellent math, reading comprehension, verbal and written communication skills
• Professional presentation and effective interpersonal skills is a must
• Aptitude for numbers and demonstrated problem solving abilities required
• Experience working with Refinitiv/TAXL or FIS/Scivantage preferred