Financial Data and Reporting Ops Analyst
About The Position
This job is responsible for handling moderately complex operations processes related to credit disputes, escalations and tax reporting. Key responsibilities include analysis, research, reconciliation, reporting data validation and resolution of issues and identified customer requests which may carry high levels of risk within enterprise risk categories. Job expectations include handling moderately complex transaction processing, reconciliation, and resolution of research requests to clients, consumer reporting agencies or taxing authorities, consulting with management for support. Consumer Wealth Tax Operations, Data, Reporting & Operations Management (DROM), is responsible for multiple tax related functions to support Internal Revenue Service (IRS) and State regulatory required tax reporting and withholding payments, on behalf of consumer and wealth clients within Merrill, Private Bank, Retirement & Personal Wealth Solutions and Investment Solutions Group. The Tax Operations Payment, Filings & Solicitation Team is responsible for the daily reconciliation and tax withholding payment remittances to the Internal Revenue Service (IRS) and States for Retirement, Retail and Non-Resident accounts, ensuring the accurate and timely payment on behalf of multiple legal entities. The Associate will handle these payments as well as address withholding inquiries, processing tax withholding reversals and manual withholding adjustments to be in compliance with regulatory requirements. The Associate will also assist with tax remediations or any other team initiatives as needed working within and outside the team. This position will require overtime during tax season.
Requirements
- Strong problem solving, analytical and decision making skills
- Detail oriented with strong organization skills
- Strong oral and written communication skills and ability to interact with management
- Ability to manage multiple priorities to meet daily deliverables
- Proven effectiveness in a fast paced and demanding environment with the ability to work under pressure
- Proficient in MS Office (Outlook, Excel, Word)
- Strong interpersonal skills and ability to collaborate within and across teams
- Demonstrates initiative and a commitment to continuous learning
Nice To Haves
- Tax Withholding or related financial experience
- Understanding of IRS rules and regulations
Responsibilities
- Preparation and review of payment packets, gathering all necessary documentation to evidence accuracy and completeness
- Adherence to specific regulated payment schedules and time deadlines to ensure compliance with federal and/or state regulations.
- Reviewing, researching and responding to branch inquires in relation to withholding via email or Service Request Portal (SRP), adhering to strict service level standards.
- Reviewing and researching tax withholding reports and monthly reconciliations
- Processing manual tax withholding adjustments
- Reconcile withholding ledgers through various system checks and balances to establish daily, weekly, quarterly and/or annual liability positions
- Support year end initiatives and any tax withholding remediation initiatives
- Support legal entity summary filings with the IRS, solicitations for tax forms, handling IRS correspondence regarding refunds and penalties
- Metrics reporting and Quality Assurance Peer Reviews
- Collaborate with management and teams within and outside Tax Operations on process enhancements
- Tasks might be assigned as needed contingent to the team’s work load.
- Performs moderately complex activities supporting credit disputes, escalations, and tax reporting while following established written procedures and guidelines and ensuring accurate and timely delivery
- Researches and resolves moderately complex financial data requests or exceptions based on analysis of assembled data in an accurate and timely manner
- Performs routine analytics, report creation, and exception processing
- Identifies risk and opportunities for process improvement based on an understanding the work impacts other operational units and escalates risk concerns, as appropriate
- Provides quality service and support for internal business partners and external clients
Benefits
- access to paid time off
- resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
