Job Detail

  • Job ID 123085

Job Description

#Tax #Analyst

Job title:

Tax Analyst




$49.28 – 52.12 per hour

Job description

Job Description

  • Validate taxability of corporate actions using CCH, identifying impacts to 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
  • 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
  • Cross-train and provide support to other divisions of the ITO Tax Operations department
  • 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.
  • Results and Impact.
  • Impacts division and influences peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Relies on limited guidance for most complex decision making.
  • Is responsible for driving outcomes which have meaningful effect on team or department.
  • Leadership and Collaboration.
  • Creates trust with department leaders.
  • Acts in leadership capacity for large projects, processes, or programs for a team.
  • Client, Customer and Stakeholder Focus.
  • Able to build relationships with a mix of intermediate and senior colleagues or clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to persuade and influence stakeholders at the team level.
  • Compliance Culture and Conduct.
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.


  • 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.


  • 5 -8 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 Client 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 and skills.
  • Ability to perform multiple tasks and meet established deadlines in a fast-paced work environment with minimal supervision.
  • Solutions oriented thinker who can generate creative ideas.
  • Effective analytical, organizational, and problem resolution skills.

As an equal opportunity employer, ICONMA prides itself on creating an employment environment that supports and encourages the abilities of all persons regardless of race, color, gender, age, sexual orientation, citizenship, or disability.


Jersey City, NJ

Job date

Fri, 24 Jun 2022 04:33:08 GMT