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Banking Ops Specialist III (Onsite)

Axelon Services Corporation

Jacksonville, FL

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JOB DETAILS
SKILLS
Banking Operations, Banking Services, Customer Support/Service, Data Analysis, Documentation, Due Diligence, Financial Reporting, Financial Systems, General Ledger Accounting, Legal, Legal Reports, Maintain Compliance, Property Maintenance, Property Tax, Reconciliation, Regulations, Regulatory Compliance, Regulatory Compliance Software, Regulatory Reports, State Laws and Regulations, Tax Accounting, Tax Operations, Tax Regulations, Tax Reporting, Time Management, Vlookups
LOCATION
Jacksonville, FL
POSTED
8 days ago


Summary:

  • Location: Jacksonville, FL
  • Duration: 7 Months
  • Work Mode: Onsite
  • Shift: 8:00 AM - 5:00 PM EST


Responsibilities:

  • Perform daily and month-end reconciliation of unclaimed general ledger accounts.
  • Manage dormant accounts and unclaimed property filings.
  • Support account status updates and handle IRS backup withholding processes.
  • Manage state and federal withholding payments for IRA withdrawals.
  • Ensure compliance with IRS regulations and support regulatory reporting accuracy.
  • Communicate with account owners regarding unclaimed property laws and regulations.
  • Process state and federal withholding and backup withholding payments.
  • Reconcile unclaimed property general ledgers and internal accounts.
  • Identify unclaimed property such as dormant accounts and outstanding checks.
  • Conduct due diligence outreach to property owners as required by law.
  • Prepare unclaimed property reports to state agencies accurately and on time.
  • Provide solutions to company, branch, and banking inquiries, escalating issues when necessary.
  • Research, review, and process 1099 corrections.
  • Ensure timely and accurate submission of corrected forms in compliance with IRS deadlines.
  • Investigate discrepancies related to 1099 reporting and coordinate resolutions.
  • Maintain documentation and audit trails supporting all corrections and adjustments.
  • Apply withholding rates and exemptions based on residency status and tax treaties.
  • Monitor account changes that may impact tax reporting or withholding requirements.


Requirements:

  • Minimum 2 years of relevant experience in unclaimed property, tax operations, accounting, banking, or compliance-related roles.
  • Unclaimed Property Compliance & Regulatory knowledge.
  • State Escheatment Knowledge: Working knowledge of state escheatment laws, reporting timelines, due diligence requirements, and remittance processes.
  • Audit & Documentation Experience with internal financial and reporting systems.


Preferred Skills:

  • Advanced Excel Skills - Reporting and data analysis, including functions such as VLOOKUP.
  • Experience with SOVOS (unclaimed property reporting and research) tax and regulatory compliance software platform.
  • Customer Service - outbound calls.

About the Company

A

Axelon Services Corporation