Tax Operations Analyst
Tax Operations Manager
The foundation of any success in a tax operations group is the ability to identify the client and assess their structure and residency for tax purposes. To properly build a tax profile for a client, the appropriate static information must be captured and maintained and relevant documentation must be collected, vetted, retained and re-solicited when required. This must then feed to all the necessary tax engines within operations as well as to required front office systems.
Leading on from client documentation are the processing tasks. Equity Finance initiates various strategic arbitrage structures, which require accurate calculation of PL and withholding tax. The understanding of market tax treaties and documentation requirements is imperative to receive beneficial tax rates against income distributions. In addition there is a need to ensure the entity complies with the Manufactured Overseas Dividend Regulations in accordance with the HMRC and the 1441 regulations and FATCA with the IRS. This means working on a team to accurately process the Manufactured Dividends tax matching for the MLI entity and other entities. Will be responsible for the accurate posting and reporting of stock loan pL and the accruing and reporting the firms tax credits, reverse/primary charges and tax reclaims and reporting figures to various.
Furthermore, there will be regulatory reporting to the IRS, in the form of 1099 and 1042 reporting, and ensuring the firms preparedness for FATCA implementation.
Responsibilities:
Manufactured dividend tax matching of MLI stock borrow/loan dividends Accurately accrue and report withholding tax credits/debits on firm positions Accurately accrue and report PL figures inclusive of all reverse/primary charges etc Provide assistance to dividend teams on manufactured dividends, ie market rules, taxation, documentation. ·
To reconcile and report to the IRS any income that falls under the QI/1441 regulations Ensuring that US tax documentation for new clients is valid. Monthly Balance sheet substantiation
Client queries Liaising with CSRs to Make monthly tax adjustments on behalf of Intermediaries Classification of new clients for the yield business.
To discuss this role further, please do not hesitate to contact me.
Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the TC's, Privacy Policy and Disclaimers which can be found at hays.co.uk
Leave a Reply
You must be logged in to post a comment.