Tax Operations Coordinator | Tax Reporting Analyst

Responsibilities

• Review transactions for IRS compliance with Form series 1099 and 5498.
• Escalate reporting issues for correction in a timely manner.
• Provide training to departments based on correction analysis.
• Update quarterly and annual online postings and client mailings.
• Identify, propose, and implement policy/process improvements to enhance efficiency and mitigate risk.
• Analyze data trends and report insights to senior team members.
• Maintain compliance records and documentation aligning with IRS and company policies.
• Generate reports for management review.
• Collaborate with vendors to produce 1099 and 5498 tax forms.
• Address internal and external tax inquiries promptly and professionally.
• Escalate complex client concerns to senior team members when necessary.
• Ensure adherence to IRS regulations and company policies regarding 1099 and 5498 reporting.
• Maintain and update Standard Operating Procedures (SOPs).
• Absorb and respond to audit responses and regulatory reviews.
• Recommend and implement process improvements for efficiency.
• Organize team discussions to optimize best practices.
• Identify and report departmental financial and operational risks.
• Identify team development opportunities in collaboration with senior members.
• Work closely with internal and external colleagues to achieve goals.
• Assist in training and onboarding tax team members.
• Initiate and manage tax-related projects and initiatives.
• Develop a tax communication library and online tax guide.
• Manage transactional reviews in the SIMPLE Tax system.
• Implement updates based on regulatory changes in 1099/5498 reporting.
• Oversee form corrections, research requests, and trend analysis.
• Conduct training sessions and maintain SOP updates.
• Generate management reports and facilitate tax improvement projects.
• Handle IRS/State Tax Board inquiries and compliance matters.

Qualifications

• Experience: Four or more years in 1099/5498 tax reporting within broker-dealer or financial institutions.
• Education: Bachelor's degree preferred.
• Availability: Must be available for overtime.
• Certifications: Series 6 and 26 preferred.