US Tax Reporting Consultant

Position Title: US Tax Reporting Consultant
Location: Washington Boulevard, Jersey City, NJ 07310
Duration: 6 months starting from November
 
Job description:
The consultant will be based at our NJ office and will have to come in person at least 4 days a week and could work from home for one day.
Responsibilities include performing tax-related reconciliations, data validation, issue resolution, and control activities to maintain reporting accuracy and operational integrity. The role involves user testing for the FIS Tax Reporting Solution, reviewing FATCA/ NRA tax withholdings, consulting with the Tax Documentation department, and supporting the tax team in ensuring compliance with tax reporting requirements.
 
Basic Qualifications:

• Minimum 5 years of experience in US Tax Reporting in financial services operations, specifically forms US Tax forms 1099 and 1042-S
• Bachelor’s Degree

• Extensive knowledge of US tax reporting (1099 & 1042-S) requirements as it pertains to the banking industry
• Understanding of FATCA/ NRA US tax withholding requirements
• Knowledge of W8 and W9 tax form requirements and validation, including W8-IMY Non-Withholding foreign partnership structure and requirements
• Strong MS Excel skills

• Experience with automating reporting processes and improving data quality controls
• Preferred experience with FIS Tax Reporting Module

• Perform tax-related reconciliations, data validation, issue resolution, and control activities to maintain reporting accuracy and operational integrity
• Perform user testing for FIS Tax Reporting Solution, examining source input/files vs. vendor produced output files and validating expected 1099 and 1042-S results
• Review FATCA/ NRA tax withholdings, including blended rates for intermediary entities, vs. vendor reporting output
• Consult with the Tax Documentation department to ensure documentation issues that may impact tax reporting and withholding are remediated prior to year-end
• Support the tax team in performing controls on data extracts from source systems to ensure accuracy and compliance with 1099, 1042-S, and K1 nominee reporting