Tax Business Analyst – CONTRACT

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Analyze and document business requirements related to cost basis processing, tax reporting, and regulatory compliance.

• Act as a subject matter expert on cost basis regulations for equities, mutual funds, fixed income, and options.

• Convert IRS regulations, tax guidance, and industry rules into business requirements, functional specifications, and process enhancements.

• Collaborate with compliance, tax, operations, and technology teams regarding regulatory and tax-driven modifications.

• Assess processes to uncover gaps, risks, control issues, opportunities for automation, and improvements in efficiency.

• Assist in system enhancements for cost basis calculations, wash sales, corporate actions, transfers and ACATS activity, tax lot accounting, and reporting on covered/non-covered securities.

• Develop business requirements documents, functional specifications, process flows, test cases, and user stories.

• Lead or assist in UAT, regression testing, and validation efforts.

• Investigate production issues, discrepancies, and tax reporting anomalies.

• Work together on data quality, lineage, reconciliation, and controls.

• Provide support for regulatory and internal audits as well as compliance reviews.

• Keep track of regulatory developments and inform stakeholders of their implications.

• Establish process controls and governance frameworks.

• Deliver stakeholder updates, status reports, and track issues.

⛳️ Requirements

• A Bachelor’s degree in Finance, Accounting, Business, Economics, Information Systems, or a related field is preferred.

• Over 5 years of experience as a Business Analyst in financial services, brokerage, wealth management, asset servicing, or tax operations.

• Extensive knowledge of cost basis accounting and tax lot processing.

• Familiarity with covered and non-covered securities, IRS cost basis regulations, Form 1099-B reporting, wash sale rules, corporate actions, and securities transfers.

• Understanding of broker-dealer operations, post-trade processing, custody, and securities lifecycle events.

• Proven experience in translating regulatory requirements into business and system specifications.

• Competence in gap analysis, process mapping, root cause analysis, and impact assessments.

• Experience in UAT, defect management, test planning, and validating financial/tax reporting systems.

• Ability to handle large datasets, perform reconciliations, and conduct exception analysis.

• Familiarity with Agile, Scrum, or hybrid delivery methodologies.

• Proficiency in SQL, Excel, JIRA, Confluence, Visio, or similar tools.

• Exceptional written and verbal communication skills.

• Strong organizational abilities and capacity to manage multiple priorities in a deadline-driven context.

• Experience with cost basis platforms, brokerage back-office systems, or tax reporting systems is advantageous.

• Knowledge of ACATS, DTCC processing, corporate actions, and securities reference data is beneficial.

• Professional certifications such as CBAP, PMP, CPA, or CFA are a plus.

• Experience with enterprise transformation or modernization initiatives is a nice addition.

🏝️ Benefits

• Flexible and accountable working environment.

• Opportunities for professional development.

• Educational opportunities including formal classes, training programs, and events.

• Access to over 8,500 online courses through LinkedIn Learning.

• An inclusive and healthy workplace atmosphere.

• Reasonable accommodations during the application and hiring process.