Financial Analyst (Level I)

About the role

Processes routine and standard transactions according to established procedures and prescribed processes. Daily responsibilities cover one or more operations functional areas such as analyses, report generation, opening new accounts, trade processing, payment processing, and data entry.

Provides quality service and effective operations support for the assigned area’s internal business partners and/or external customers and clients. May provide advice and assist with training for less experienced team members.

As part of the Cost Basis Team, the associate handles branch inquiries and update requests received from clients via New Service Gateway and email, focusing on updates and research of cost basis reflected in the Global Tax Lots system. The role also involves researching and resolving transactional breaks that result in inaccurate cost basis requiring manual updates.

Tax Reporting Operations is responsible for accurate reporting of covered securities and tax lots to the Internal Revenue Service, so the ability to update tax lot records accurately and efficiently is required.

Responsibilities

• Process routine/standard transactions in operations functional areas (e.g., analyses, report generation, account openings, trade processing, payment processing, data entry).
• Handle branch inquiries and update requests related to cost basis via New Service Gateway and email.
• Research and resolve transactional breaks causing inaccurate cost basis, requiring manual updates.
• Update tax lot records accurately and efficiently for IRS reporting.
• Provide quality service and support to internal and external clients.
• Assist with training and guidance for less experienced team members.
• Adhere to industry and IRS rules and regulations.

Requirements

• 1 year or more of relevant experience preferred.
• Experience working with financial statements and records, with strong attention to detail.
• Proficient with Microsoft Office (Outlook, Word, and Excel).
• Strong understanding of rules, regulations, policies, and standards.

Desired Skills

• Willingness to work overtime, especially during Tax Season (January – April).
• Excellent interpersonal skills and a positive, professional attitude.
• Proven ability to effectively service and resolve client inquiries.
• Strong oral and written communication skills.
• Ability to work effectively as an individual contributor in a team environment.
• Strong analytical and problem-solving skills.