Corporate Actions Senior Team Lead Tax services Tampa, FL ref

Corporate Actions Senior Team Lead Tax services Tampa, FL ref

Skills: IRS Publication 15 & Publication 17, 1099 and 1042S reporting, 1446(f), 305c, and 871m regulations
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Experience level: Mid-senior Experience required: 10 Years Education level: Bachelors degree Job function: Finance Industry: Financial Services Compensation: View salary Total position: 1 Relocation assistance: No Visa : Only US citizens and Greencard holders
Job Description:

Being a member of the Tax Services Operations Team, the Corporate Actions Senior Team Lead coordinates and oversees all processing and reporting of tax-related services.
The Tax Information Service group supports, maintains, and enhances the DTCCs various domestic tax products, including the US Tax Withholding Service, Domestic Tax Reporting (DTax), 2439 Reporting, and W-9 compliance.
The area works closely with Product Management and the General Counsel to market these products and ensure compliance with current Treasury Department Legislation.
Responsibilities:

Determine general division of workload, delegate, review, monitor, and approve staff outputs
Train staff and perform all aspects of performance management
Interact with internal and external clients as needed
Create and maintain relationships with Mutual Fund and Real Estate Investment Trusts Issuers/Agents as well as their respective lobbying organizations to obtain the needed year-end tax reclassifications, utilized in 1099 reporting, in a timely manner. Represent DTCC at various functions.
Monitor and identify new products and work with Tax Counsel and Product Management when required to determine withholding impact and correlate all changes to tax legislation enacted during the year by reading and understanding the various new regulations, to include Section 302 Reporting/Withholding and their impact to the industry contained in IRS Publication 15 & Publication 17
Provide tax technical support for Asset Services with respect to new issue prospectus review and event classification
Monitor and control reconciliation of all tax adjustments to the collected funds. Updates tax tables allowing proper withholding on all security types as well as the various tax components including Section 302 Reporting/Withholding
Ensure that tax funds are remitted to the IRS according to the IRS-imposed schedule
Prepare and reconcile the Asset Services Division 1042-S and 1042 forms and provide the 1042 for filing
Manage the process of 2439 reporting and W-9 compliance
Other duties as assigned
Qualifications:

Thorough understanding of 1099 and 1042S reporting requirements
Knowledge of 1446(f), 305c, and 871m regulations
Ability to synthesize complex regulations into easily understood terms without losing intent of regulations
Strong organization, analytical, coaching and communication skills
Ability to problem-solve and oversee daily operations
PC skills and general knowledge of mainframe applications