Financial Analyst (Level I)

The ideal candidate has experience working with financial statements, transaction records, or operational data and can provide effective support to internal business partners and external clients in a fast-paced environment. Maintain accurate tax lot records to support the reporting of covered securities and tax lots to the Internal Revenue Service (IRS).

Position Title: Financial Analyst
Pay Rate: $25.90/hour on W-2, paid weekly
Location: 1400 Merrill Lynch Drive, Pennington, NJ 08534
Contract Duration: 5 months, with potential for contract-to-hire
Target Start Date: ASAP, approximately 3 weeks after offer acceptance
Work Arrangement: Hybrid
Training Schedule: Onsite 5 days per week during training
Regular Schedule: Hybrid, with a minimum of 3 days onsite per week

Position Summary:

We are seeking a detail-oriented Financial Analyst to join the Cost Basis Team within Tax Reporting Operations. This role focuses on researching and resolving cost basis discrepancies, processing client and branch requests, and maintaining accurate tax lot records in the Global Tax Lots system.

The successful candidate will review financial records and transaction details, process routine operational requests, and ensure that cost basis information is updated accurately and efficiently. This position requires strong analytical skills, attention to detail, and the ability to follow established procedures, industry standards, and IRS regulations.

The ideal candidate has experience working with financial statements, transaction records, or operational data and can provide effective support to internal business partners and external clients in a fast-paced environment.

Key Responsibilities:

• Process routine operational transactions according to established procedures and guidelines.
• Review and respond to branch inquiries and cost basis update requests submitted by clients and Front Line Units through the New Service Gateway and email.
• Research and investigate cost basis discrepancies within the Global Tax Lots system.
• Analyze transaction records and resolve transactional breaks that result in inaccurate cost basis information.
• Perform manual updates to tax lot records to ensure accuracy and completeness.
• Review financial statements and related documentation to support research and resolution activities.
• Maintain accurate tax lot records to support the reporting of covered securities and tax lots to the Internal Revenue Service (IRS).
• Provide timely, accurate, and efficient operational support to internal business partners and external clients.
• Escalate complex issues to the Operations Team Manager or Supervisor when necessary.
• Follow established policies, procedures, industry standards, and applicable IRS rules and regulations.
• Collaborate with team members to maintain service quality and meet operational deadlines.

Preferred Qualifications: 

• Proficiency in Microsoft Office applications, particularly Outlook, Word, and Excel.
• Strong understanding of rules, regulations, policies, procedures, and operational standards.
• Excellent attention to detail and commitment to data accuracy.
• Ability to review records, identify discrepancies, and follow established processes.
• Strong organizational skills and ability to manage multiple tasks efficiently.

Desired Qualifications and Skills: 

• At least 1 year of relevant professional experience, preferably in financial operations, transaction processing, data analysis, or record management.
• Experience working with financial statements, financial records, transaction data, or tax lot information.
• Excellent analytical, research, and problem-solving skills.
• Proven ability to investigate and resolve client inquiries effectively.
• Strong written and verbal communication skills.
• Excellent interpersonal skills and a customer-service-oriented approach.
• Ability to work independently while contributing effectively within a team.
• Positive and professional attitude in a fast-paced, team-oriented environment.
• Ability to follow industry requirements and IRS rules and regulations.
• Flexibility to work overtime as needed to support business demands, particularly during tax season (January–April).

At Tailored Management, we help people get jobs and take pride in their work, so we better take pride in ours too. Not every company has the opportunity to meaningfully and directly impact individuals in a way that makes their lives tangibly better. To better support our employees, we offer a wide variety of benefit options to support you. We offer:

• Medical Coverage – HDHP, PPO, and Surest plan options
• Minimum Essential Coverage (MEC)
• Dental Insurance
• Vision Insurance
• Short-Term Disability (STD)
• Long-Term Disability (LTD)
• Life & AD&D Insurance
• Critical Illness Insurance
• Accident Insurance
• Employee Assistance Program (EAP)

#TMCA
- Be able to adhere to the industry and IRS rules and regulations