Global Tax Analyst - Reclaims

U.S. Bank • Saint Paul, MN

14h • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. U.S. Bank has a new position opening within our fast-growing Global Custody Operations group. The Global Tax Treaty Services team serves customers, who invest in ADRs or foreign securities, by offering technical assistance and document signing services, aimed to reduce clients’ administrative burden and minimize Global taxation, through double taxation treaties. Responsible for the maintenance of client information and tax relief opportunities. Collaborates with internal business lines and clients to obtain documentation. Files relief at source and reclaim documentation as necessary. Develops and maintains tax strategies to minimize tax liability. Prepares and develops reports for management or for regulatory authorities. Responds to inquiries regarding eligible tax rates and opportunities for reclamation. Maintains adequate accounting and control for an assigned area.

Requirements

• Three years or more of related experience

Nice To Haves

• Bachelor's degree
• Knowledge of or the ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)
• Ability to multitask and meet established deadlines in a dynamic work environment
• Exhibits analytical, problem-solving, decision-making, and organizational skills
• Exhibits customer relation skills, interpersonal, and verbal and written communication skills
• Understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients
• Proficient in Microsoft Office applications, preferably Excel

Responsibilities

• Research, analyze, and resolve withholding tax rate discrepancies to ensure correct tax treatment and recovery.
• Develop and maintain a thorough understanding of client organizational structures, purposes, and legal entities to accurately allocate taxes, request required documentation, report beneficial owner details to tax authorities, and process foreign tax documentation.
• Monitor tax reclaims through final payment, ensuring timely follow-up and resolution of outstanding items.
• Liaise with local market experts, tax agents, and depositories to interpret tax requirements and adapt internal processes as market practices evolve.
• Educate clients and internal business partners on tax reclaim, documentation requirements, and market-specific rules.
• Coordinate, manage, and complete multiple concurrent duties and assignments accurately and within established timelines.
• Understand, monitor, and consistently meet established Service Level Agreements (SLAs).
• Ensure compliance with departmental policies, procedures, and internal control standards.
• Act as a Subject Matter Expert by assisting with the review, maintenance, and enhancement of departmental procedures.
• Obtain, review, and maintain accurate client profile information within designated client profile systems to support tax reclaim processing and compliance.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level