Tax Reporting & Cost Basis Analyst (Contract)

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Job Description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

We are currently hiring for a contract Tax Reporting and Cost Basis Analyst for a remote opportunity with our firm. The successful person in this role is responsible for processing all aspects of the IRS 1099 & 1042s Tax Reporting functions, as well as ensuring accuracy of Cost Basis and P/L data. The Analyst is also responsible for responding to advanced tax and Cost Basis related client queries, coordinating resolution of breaks across stakeholders within Operations, resolving technical issues with vendors, and leading tax related projects.

Responsibilities include, but are not limited to:

• Daily investigation and resolution of Cost Basis, tax withholding, and position reconciliation breaks identified through reports
• Investigation and resolution of client Tax Reporting and Cost Basis queries
• Investigation and resolution of 1099 & 1042-S reporting breaks
• Ensuring 1099, 1042s & 1042 reporting is completed before IRS deadlines with maximum accuracy and minimal corrections needed
• Ensuring timely remittance of withheld taxes
• Developing and maintaining relationships with internal and external stakeholders
• Creation and distribution of daily KPIs and KRIs for management attention
• Identification and timely escalation of tax and Cost Basis related risks
• Perform other tasks and duties as assigned

Experience and Skills

• Bachelor's Degree from an accredited university, preferably in Math, Business, or related field preferred
• Proficient with MS Office, specifically an advanced level in Microsoft Excel
• Advanced knowledge of the Maxit Cost Basis engine, Phase 3 and BETA accounting systems, and Wall Street Concepts' Compliance Plus system
• Knowledge of SQL a plus, but not required
• Excellent math, reading comprehension, verbal and written communication skills
• Professional presentation and effective interpersonal skills is a must
• Aptitude for numbers and demonstrated problem solving abilities required

What We Offer

Wedbush Securities offers robust benefits to our colleagues.

• Comprehensive medical, dental, and vision coverage with multiple health plan options for you and your family
• Health Savings Account with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• Pre-Tax Commuter Benefits
• 401(k) plan with discretionary, competitive company matching and profit-sharing contributions
• Tuition reimbursement up to $5,250/year
• 3 weeks of Paid Time Off
• 2 weeks of Paid Sick Time (may vary by location)
• 10 Paid Holidays
• Charitable Donation Matching Contributions
• Paid Leave (Military, Jury Duty, Volunteer Time Off, Disability, etc.)
• FINRA License Sponsorship
• Travel & Employee Assistance and Employee Discount Programs

Decisions regarding compensation are determined on a case-by-case basis and are dependent on a variety of factors including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The hiring salary range for this role is $54,000-$72,000. Colleagues may be eligible for additional, discretionary incentive compensation based on the colleague's and the firm's performance.

Wedbush Securities (WS) is proud to be an Equal Employment Opportunity employer. WS does not discriminate based on race, religion, color, creed, sex, sexual orientation, gender, gender identity or expression, national origin, ancestry, citizenship status, registered domestic partner status, uniform service member status, marital status, pregnancy, age, medical condition, disability, genetic information, family care or medical leave status, or any other consideration made unlawful by applicable federal, state, or local laws, or on the basis that an applicant or Colleague is perceived to have these characteristics or is associated with someone who is perceived to have these characteristics. WS aims to foster a culture of inclusion where all Colleagues are valued for their unique contributions to the firm as well as provided equal opportunities to succeed.

Wedbush uses E-Verify, an Internet-based system, to confirm the eligibility of all newly hired employees to work in the United States. Learn more about E-Verify, including your rights and responsibilities here https://www.e-verify.gov/employees/e-verify-overview