Operations Associate, Tax in Saint Petersburg, Florida at Webull Financial

About Webull Financial

What you"ll do

• Work with tax vendor to prepare and submit accurate tax documents to retail investors.
• Responsible for reporting and remittance to the IRS, state, and federal taxation authorities
• Stay updated on changes in tax laws and regulations to ensure compliance and accuracy in reporting.

• Oversee the calculation and reporting of cost basis for various financial instruments, including stocks, ETFs, bonds, options, futures, mutual funds, and more.
• Ensure adherence to IRS cost basis reporting requirements, including cost basis adjustments, corporate actions, and wash sales.
• Collaborate with internal stakeholders to resolve discrepancies and reconcile cost basis data.

• Maintain accurate and up-to-date records of tax and cost basis information in internal systems and databases.
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• Develop and implement processes to streamline data collection, validation, and reporting workflows to limit the time from identifying breaks to resolving them.
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• Conduct periodic audits to verify the integrity and completeness of tax and cost basis data.

• Serve as a subject matter expert on tax and cost basis reporting for internal teams and external clients.
• Address inquiries and resolve issues related to tax reporting requirements, cost basis calculations, and related matters in a timely and professional manner.
• Improve desk procedures to make daily tasks easier. Explain technical details to the development team.
• Keep up with tax rules and industry standards. Find and fix compliance issues before they become problems.

Qualifications

• Series 7 or Series 99 license, CPA or other relevant professional certifications
• Bachelor's degree in Accounting, Tax Law, Economics, Business, or Finance
• 3+ years of experience in clearing broker dealer operations, with a focus on tax and cost basis reporting.
• Experience with CBRS and Silver Management Group or similar tax vendors
• SME in 1099-B, 1099-DIV, 1099-INT, 1099-MISC, 1099-OID, 1099-Q, 1099-R, 1042-S, 2439, 5498, 480.6A, PR 480.6B, PR 480.6D
• Thorough understanding of tax laws, regulations, and reporting requirements, particularly as they pertain to financial services.
• Strong analytical skills with the ability to interpret complex financial data and identify discrepancies.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders.
• Ability to prioritize tasks and manage multiple deadlines in a fast-paced environment.