BB&T Securities Tax Reporting/Cost Basis Specialist
Posted on: 6 Apr 2021
Richmond, VA
Job Description
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Assist with tax reporting and cost basis functions to ensure compliance with all federal and state tax regulations. Work with various teams within the organization, external vendor partners, and regulatory bodies to provide the highest level of service in support of the client relationship.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Ensure compliance with Internal Revenue Service (IRS) and state regulations related to brokerage tax reporting and documentation.
2. Assist with all retail brokerage tax form production processes and requirements (e.g. form 1099-B, 1099-DIV, 1099-INT).
3. Process various types of federal and state tax withholding including deposits, reconciliations, and the filing of periodic returns.
4. Review and resolve cost basis exception reports on a daily basis.
5. Review various periodic tax related exception reports to identify and resolve errors to ensure accurate information reporting.
6. Review, maintain, and update departmental policies and procedures.
7. Research and respond to financial advisor and other client facing staff inquiries including processing of necessary corrections.
8. Assist in gathering material and documentation for both internal and external audits.
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree or equivalent education, training and work-related experience
2. Provide high-quality client service
3. Ability to handle multiple assignments; work under pressure in a fast paced environment
4. Attention to detail with emphasis on accuracy and quality
5. Strong organizational, verbal and written communication skills
6. Demonstrate proficiency in Microsoft Office software products
Preferred Qualifications:
One (1) year of brokerage industry experience
SunTrust Banks
Atlanta, GA
SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions. This segment also offers residential mortgage products in the secondary market.
The Wholesale segment provides capital markets solutions, including advisory, capital raising, and financial risk management; asset-based financing solutions, such as securitizations, asset-based lending, equipment financing, and structured real estate arrangements; cash management services and auto dealer financing solutions; investment banking solutions; and credit and deposit, fee-based product offering, multi-family agency lending, advisory, commercial mortgage brokerage, and tailored financing and equity investment solutions. This segment also offers treasury and payment solutions, such as operating various electronic and paper payment types, which comprise card, wire transfer, automated clearing house, check, and cash; and provides services clients to manage their accounts online.
The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2018, it operated 1,218 full-service banking offices located in Florida, Georgia, Virginia, North Carolina, Tennessee, Maryland, South Carolina, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
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IndustryBanking/Financial Services
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No. of Employees22,899
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Website
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Jobs Posted2598
