What are the responsibilities and job description for the Tax Operations Coordinator position at Crossroads Staffing?
Job Description
The Tax Operations Coordinator is responsible for production, delivery and compliance of client annual tax reporting to the IRS. This position is tasked with ensuring that the organization meets IRS reporting requirements while minimizing organizational risks. The ideal candidate has a deep understanding of broker dealer transactions, IRS reporting requirements and tax rules, and knowledge of all aspects of 1099 and 5498 document creation. You will be responsible for managing relationships with existing vendors identifying new requirements for tax reporting updating policies and procedures to effectively address IRS rules and regulations working with the internal technology department on updates researching of back office transactions for discrepancies managing a tax project team working with operations departments to identify trends and solutions in reporting gaps executing and coordinating quarterly reconciliation of vendors 1220 report and verifying back office systems reflect accurate Cost Basis information. Review transactions to ensure they are in compliance with established IRS guidelines of information reporting on forms series 1099 and 5498. Conduct timely and relevant escalation of issues to departments for reporting corrections. Provide training to departments based on correction analysis. Update quarterly annual online postings and client mailings. Identify, propose and implement policy process changes to ensure process efficiency and mitigate company risk. Create, analyze and identify trends and report to senior team members. Maintain, organize and document compliance with IRS company policies and regulations. Generate management reports for management review. Work with vendors to generate series 1099 and 5498 forms. Ensure compliance with relevant IRS regulations regarding series 1099 and 5498 tax forms company and department policies. Ensure SOPs are relevant and updated. Respond to audits and regulatory reviews. Propose implement process improvem Skills Required
4 yrs of tax exp, specifically with 1099 and 5498 tax reporting. Tax background with a brokerdealer or financial institution. Skills Preferred
Bachelors Degree a plus. Series 6 and 26 or willingness to obtain.
Salary : $75,000 - $85,000
