Tax Reporting, AVP

About the role

The Tax Reporting AVP is responsible for executing year-end U.S. tax reporting in compliance with IRS regulations and internal controls. This role supports critical reporting functions including Forms 1099 and 1042-S, TIN validation, and withholding compliance across a wide range of financial products and client types.

Responsibilities

• Manage end-to-end year-end tax reporting processes for bank-issued products, including deposit accounts, lending products, and investment-related income streams.
• Perform IRS TIN Matching and validation processes to ensure accurate customer tax identification and minimize backup withholding risk.
• Prepare, validate, and distribute Forms 1099 and Forms 1042-S for U.S. and non-U.S. clients.
• Ensure compliance with IRS regulations, including withholding and reporting under Chapters 3 and 4 (FATCA), and backup withholding rules.
• Reconcile tax reporting data to core banking systems, sub-ledgers, and the general ledger; research and resolve discrepancies.
• Manage corrections and amended filings (1099/1042-S) and ensure proper client notification.
• Submit tax information returns and coordinate state-level reporting where applicable.
• Maintain strong audit trails and documentation supporting tax reporting processes, controls, and reconciliations.
• Partner with Compliance and Legal teams to interpret and implement regulatory changes impacting tax reporting.
• Respond to inquiries from clients, internal stakeholders, and regulators related to tax reporting and withholding.
• Identify and implement process improvements, including automation and enhanced data quality controls across reporting systems.

Requirements

• Bachelor’s degree in accounting, Finance, Tax, or related discipline.
• 2–5 years of experience in tax reporting, preferably within financial services or banking.
• Experience with IRS information reporting requirements, including Forms 1099 and 1042-S.
• Knowledge of withholding rules for U.S. persons and non-U.S. persons, including NRA withholding and FATCA classification.
• Familiarity with IRS TIN Matching, backup withholding, and due diligence requirements (e.g., W-9, W-8 series documentation).
• Experience preparing and filing Forms 1099 and 1042-S, including corrections and amendments.
• Understanding financial products and associated tax implications (interest, dividends, original issue discount, broker transactions).
• Strong data reconciliation, analysis, and problem-solving skills.
• Advanced proficiency in Microsoft Excel (large datasets, pivot tables, data validation).
• Experience with tax reporting or banking systems (e.g., FIS, Fiserv, Broadridge, Sovos, OneSource, or similar platforms).
• Working knowledge of database tools and ability to query data (SQL preferred).

Qualifications

• Detail-oriented with a high level of accuracy and control awareness.
• Strong analytical and investigative mindset.
• Able to manage competing deadlines in a highly regulated environment.
• Effective communication skills, including the ability to explain tax concepts to non-tax stakeholders.
• Strong collaboration skills across Operations, Technology, and Compliance teams.
• Proactive approach to risk identification and mitigation.

Skills

• Strong understanding of U.S. tax information reporting requirements within a banking environment.
• Knowledge of withholding rules for U.S. persons and non-U.S. persons, including NRA withholding and FATCA classification.
• Familiarity with IRS TIN Matching, backup withholding, and due diligence requirements (e.g., W-9, W-8 series documentation).
• Experience preparing and filing Forms 1099 and 1042-S, including corrections and amendments.
• Understanding financial products and associated tax implications (interest, dividends, original issue discount, broker transactions).
• Advanced proficiency in Microsoft Excel (large datasets, pivot tables, data validation).
• Experience with tax reporting or banking systems (e.g., FIS, Fiserv, Broadridge, Sovos, OneSource, or similar platforms).
• Working knowledge of database tools and ability to query data (SQL preferred).

Pay

The typical base pay range for this role is between $91K - $114K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonuses and/or incentive compensation.

Schedule

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day.