Tax Administrator

Northern Trust • Chicago, IL

1d

About The Position

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust provides innovative financial services and guidance to the world’s most successful individuals, families, and institutions, adhering to enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, the company serves sophisticated clients using leading technology and exceptional service. This position within the Nonresident Alien (NRA) tax team will be responsible for reviewing and preparing complex tax products in compliance with tax laws and regulations for all Northern Trust areas except Banking and Benefit Payment Services. The team communicates with colleagues and clients worldwide and is responsible for ensuring NRA clients have proper documentation on file.

Requirements

• 1-3 years of accounting or tax experience.
• Ability to work independently and as a team member where accuracy and timeliness of data are critical especially from January through April.
• Must have effective written and verbal communication skills.
• Proficient in using Microsoft products such as Excel, Word and Access.
• Problem solving skills/process oriented.
• Ability to pick up on new applications.

Nice To Haves

• College degree preferred or equivalent work experience.
• Project experience would be beneficial.
• Prefer familiarity with Thomson ONESOURCE.

Responsibilities

• Validates US tax documentation (Forms W-8BEN, ECI, EXP and IMY) using a software-based checklist.
• Communicates issues regarding the validity of tax documentation with relationship and account managers.
• Performs a review of activity in assigned accounts to check the classification of income and the calculation of withholding.
• Makes adjustments and corrections of income classifications and related withholding.
• Reconciles income and related withholding entries across multiple software platforms.
• Prepares annual tax reporting for assigned client accounts on Form 1042-S.
• Participates in testing software upgrades and enhancements.
• Participates in assigned special projects.
• Maintains a thorough understanding of applicable tax laws and regulations.
• Create docket items for system enhancements and responsible for ensure proper tests are completed.

Benefits

• Retirement benefits (401k and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts and disability)
• Paid time off
• Parental and caregiver leave
• Life & accident insurance
• Other voluntary and well-being benefits
• Discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees