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Job Title: Tax Operations Specialist

Duration: 13 Months

Business Overview:

The ITO Tax Operations Group is responsible for establishing operational procedures and controls to comply with IRS regulations regarding US information reporting (i.e. 1099 and 1042S reporting).

Tax Operations is responsible for maintaining tax documentation (i.e. W-8's and W-9's), withholding and remitting taxes to the IRS, and generating 1099 and 1042s reporting to clients and the IRS. The group collaborates with US Corporate Tax to assess the impact of new tax legislation and requirements and engages with cross-functional resources to develop plans to respond and/or comply with new regulations. To the extent a new business process is required, Tax Operations develops business requirements and ensures local IT and operational procedures are enhanced to support new regulations. In addition, Tax Operations supports cost basis, transfer reporting and corporate action events by managing client data in the GENEVA portfolio accounting system.

Responsibilities:

+ Validate taxability of corporate actions using CCH, identifying impacts on Cost basis

+ Update Cost basis engine for all voluntary corporate actions based on taxability

+ Manage monthly 1099B reconciliation for all reportable transactions

+ Management of daily Front Office inquiries regarding cost basis, taxability and reporting

+ Provide support for remediation of cash reconciliation breaks in portfolio account system to support daily client reporting inquiries, as well as daily bookings of Corporate Actions events for client reporting

+ Help validate/update cost basis on incoming transfer statements via CBRS or paper statements

+ Assist with generation of transfer statements for all deliveries to external brokers via CBRS or paper

+ Assist with generation of request statements for all incoming positions

+ Support year-end cost basis reconciliation

+ Adjust portfolio accounting system to reflect reclassification of income

+ Assist with review of all transfer bookings between books and records vs Cost basis engine

+ Crosstrain and provide support to other divisions of the ITO Tax Operations department

Minimum Required Qualifications:

+ BA required

+ Proficient computer skills, particularly in the use of Microsoft Office Access, Excel and/or other business related software programs.

+ Quick learner, taking detailed notes as references

+ Driven by client needs and satisfaction

+ Proactive, motivated and willing to comprehend new concepts

+ Strong verbal and written communication skills

+ Highly attentive to detail

Preferred Qualifications:

+ 5 years of tax information reporting, withholding, and tax documentation management experience in the financial services industry

+ Strong knowledge and comprehension of **Internal Revenue Code Chapter 61**

+ Knowledge of Broadridge systems/products such as BPS, TMS (Tax Managed Services) and TDS (Tax Data Solutions), or similar settlement and reporting systems

+ Experience validating client tax docs (Forms W-8 series, Forms W-9) using MD3, and updating back office static data and referential data systems

+ Proven track record of contributing to team-oriented tasks and strategies, with the ability to identify client driven enhancements

+ Control orientated mindset

+ Advanced Microsoft Excel experience

About US Tech Solutions:

US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com (http://www.ustechsolutionsinc.com)

US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.