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Tax Operations Associate - Wealth Management Operations - Full-time / Part-time
•30 days ago
| Hours | Full-time, Part-time |
|---|---|
| Location | baltimore, Maryland |
About this job
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.
Tax Analyst will experience a steep learning curve to master internal system functionality, processes, procedures, internal requirements to prepare for a demanding tax season requiring high performance and proficiency in a multitude of tasks and projects. Tax Analyst/Associate will be required to participate in various parts of the year end data gathering, analysis, and reporting of 1099DIV, INT, OID, B, MISC, REMIC, 1042S, 2439, Puerto Rico Form 480.6A, B & C. Tax Analyst will be responsible for validating regulatory reporting information is accurately reflected on the forms prior to mailing to our clients and transmission to the IRS. Additionally, the employee will be required to participate in various State reporting functions.
Leading up to and during Tax Season the employee will be required to handle a large amount of call volume and e-mail requests from the various business units coming into the group. They will be required to communicate on a professional level with Financial Advisors, CPAs and high net worth clients on questions related to client's accounts and regulatory year-end reporting. The employee will have to be well versed and will have to handle a wide range of complex tax reporting inquires. Tax Analyst will work with teams located in Baltimore, NY, Utah, Mexico, the UK, Montreal and other global locations.
PRIMARY RESPONSIBILITIES:
- Identifies change requirements to existing reporting system based on tax regulation changes or user functionality.
- Develops and executes functional test plans, scripts, and cases based on new software requirements/designs or existing application.
- Performs end-user functionality testing on system updates.
- Works closely with team and internal customers to research and resolve any issues with supported applications.
- Writes business requirement documents to create, change or enhance automated tax reporting systems.
- Review exception reports (Monthly, throughout the year leading up to year end)
- Oversees domestic and foreign securities set up in the internal database.
- Supports Wall Street Concepts Income Reallocation process.
REQUIREMENTS/QUALIFICATIONS:
- Bachelors degree in Accounting and/or Finance.
- 3-5 years of Tax experience.
- Proficiency with Microsoft Office applications is required.
- Strong verbal and writing skills.
- Strong research / analytical skills.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving institutional clients to create new opportunities for people to achieve their personal financial goals. Morgan Stanley has one of the largest retail brokerage networks, with numerous worldwide representatives and retail locations. Our services are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities.
Tax Analyst will experience a steep learning curve to master internal system functionality, processes, procedures, internal requirements to prepare for a demanding tax season requiring high performance and proficiency in a multitude of tasks and projects. Tax Analyst/Associate will be required to participate in various parts of the year end data gathering, analysis, and reporting of 1099DIV, INT, OID, B, MISC, REMIC, 1042S, 2439, Puerto Rico Form 480.6A, B & C. Tax Analyst will be responsible for validating regulatory reporting information is accurately reflected on the forms prior to mailing to our clients and transmission to the IRS. Additionally, the employee will be required to participate in various State reporting functions.
Leading up to and during Tax Season the employee will be required to handle a large amount of call volume and e-mail requests from the various business units coming into the group. They will be required to communicate on a professional level with Financial Advisors, CPAs and high net worth clients on questions related to client's accounts and regulatory year-end reporting. The employee will have to be well versed and will have to handle a wide range of complex tax reporting inquires. Tax Analyst will work with teams located in Baltimore, NY, Utah, Mexico, the UK, Montreal and other global locations.
PRIMARY RESPONSIBILITIES:
- Identifies change requirements to existing reporting system based on tax regulation changes or user functionality.
- Develops and executes functional test plans, scripts, and cases based on new software requirements/designs or existing application.
- Performs end-user functionality testing on system updates.
- Works closely with team and internal customers to research and resolve any issues with supported applications.
- Writes business requirement documents to create, change or enhance automated tax reporting systems.
- Review exception reports (Monthly, throughout the year leading up to year end)
- Oversees domestic and foreign securities set up in the internal database.
- Supports Wall Street Concepts Income Reallocation process.
REQUIREMENTS/QUALIFICATIONS:
- Bachelors degree in Accounting and/or Finance.
- 3-5 years of Tax experience.
- Proficiency with Microsoft Office applications is required.
- Strong verbal and writing skills.
- Strong research / analytical skills.
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