Tax Business Analyst (CONTRACT) REMOTE

Key Responsibilities

• Analyze and document business requirements related to cost basis processing, tax reporting, and regulatory compliance.
• Serve as a subject matter expert for cost basis rules across various asset classes, including equities, mutual funds, fixed income, and options.
• Interpret and translate IRS regulations, tax guidance, and industry rules into business requirements, functional specifications, and process improvements.
• Partner with compliance, tax, operations, and technology teams to support implementation of regulatory and tax-driven changes.
• Evaluate current-state processes and identify gaps, risks, control issues, and opportunities for automation and efficiency.
• Create and maintain business requirements documents, functional specifications, process flows, test cases, and user stories.
• Support design and testing of system enhancements related to: Cost basis calculation methods, Wash sale processing, Corporate actions, Transfers and ACATS activity, Tax lot accounting, Covered and non-covered securities reporting.
• Lead or support UAT, regression testing, and validation efforts for cost basis and tax reporting initiatives.
• Investigate and resolve production issues, breaks, and reporting discrepancies involving cost basis data and tax forms.
• Collaborate with data, operations, and technology teams to ensure data quality, lineage, reconciliation, and controls are in place.
• Support readiness for regulatory audits, internal audits, and compliance reviews by maintaining documentation and evidencing controls.
• Monitor industry and regulatory developments affecting cost basis and tax reporting, and communicate impacts to stakeholders.
• Provide stakeholder updates, status reporting, and issue tracking across projects and enhancements.

Preferred Qualifications

• Bachelor’s degree in Finance, Accounting, Business, Economics, Information Systems, or a related field.
• 5+ years of experience as a Business Analyst in financial services, brokerage, wealth management, asset servicing, or tax operations.
• Strong knowledge of cost basis accounting and tax lot processing.
• Direct experience with tax and regulatory requirements impacting cost basis reporting, including: Covered vs. non-covered securities, IRS cost basis regulations, Form 1099-B reporting, Wash sale rules, Corporate action impacts on basis, Securities transfers and basis reporting requirements.
• Understanding of broker-dealer operations, post-trade processing, custody, and securities lifecycle events.
• Experience translating complex regulatory requirements into clear business and system requirements.
• Prior experience performing gap analysis, process mapping, root cause analysis, and impact assessments.
• Experience with UAT, defect management, test planning, and validation of financial/tax reporting systems.
• Strong analytical skills with the ability to work with large datasets, reconciliations, and exception analysis.
• Familiarity with Agile, Scrum, or hybrid project delivery methodologies.
• Proficiency with tools such as SQL, Excel, JIRA, Confluence, Visio, or similar BA and data analysis tools.
• Excellent written and verbal communication skills with the ability to present to both technical and non-technical audiences.
• Strong organizational skills and ability to manage multiple priorities in a deadline-driven environment.

Nice-to-Have Qualifications

• Experience with cost basis platforms, brokerage back-office systems, or tax reporting systems.
• Knowledge of ACATS, DTCC processing, corporate actions, and securities reference data.
• Exposure to regulatory change management and audit support.
• Professional certifications such as CBAP, PMP, CPA, or CFA are a plus.
• Experience working in large-scale enterprise transformation or modernization programs.