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SalaryAbout Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
TAX ADMINISTRATOR, NONRESIDENT ALIEN (NRA) TAX TEAM
OH: R120874
The Global Client Tax Services Group provides tax preparation and reporting services to affluent individuals and families, foundations, endowments, estates, and corporations. 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 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.
Major Duties:
1. Validates US tax documentation (Forms W-8BEN, ECI, EXP and IMY) using a software-based checklist.
2. Communicates issues regarding the validity of tax documentation with relationship and account managers.
3. Performs a review of activity in assigned accounts to check the classification of income and the calculation of withholding.
4. Makes adjustments and corrections of income classifications and related withholding.
5. Reconciles income and related withholding entries across multiple software platforms.
6. Prepares annual tax reporting for assigned client accounts on Form 1042-S.
7. Participates in testing software upgrades and enhancements.
8. Participates in assigned special projects.
9. Maintains a thorough understanding of applicable tax laws and regulations.
10. Create docket items for system enhancements and responsible for ensure proper tests are completed.
Knowledge/Skills:
The successful candidate will benefit from having the following competencies:
OH: R120874
The Global Client Tax Services Group provides tax preparation and reporting services to affluent individuals and families, foundations, endowments, estates, and corporations. 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 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.
Major Duties:
1. Validates US tax documentation (Forms W-8BEN, ECI, EXP and IMY) using a software-based checklist.
2. Communicates issues regarding the validity of tax documentation with relationship and account managers.
3. Performs a review of activity in assigned accounts to check the classification of income and the calculation of withholding.
4. Makes adjustments and corrections of income classifications and related withholding.
5. Reconciles income and related withholding entries across multiple software platforms.
6. Prepares annual tax reporting for assigned client accounts on Form 1042-S.
7. Participates in testing software upgrades and enhancements.
8. Participates in assigned special projects.
9. Maintains a thorough understanding of applicable tax laws and regulations.
10. Create docket items for system enhancements and responsible for ensure proper tests are completed.
Knowledge/Skills:
- 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.
- Prefer familiarity with Thomson ONESOURCE
The successful candidate will benefit from having the following competencies:
- 1-3 years of accounting or tax experience.
- College degree preferred or equivalent work experience.
- Project experience would be beneficial.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at
MyHRHelp@ntrs.com
.We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
