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Tax Specialist

Location
Birmingham
Posted
5 Aug 2022

Position Type :

Full time

Type Of Hire :

Experienced (relevant combo of work and education)

Education Desired :

Bachelor of Accounting

Travel Percentage :

0%

Are you curious, motivated, and forward-thinking? At FIS you'll have the opportunity to work on some of the most challenging and relevant issues in financial services and technology. Our talented people empower us, and we believe in being part of a team that is open, collaborative, entrepreneurial, passionate and above all fun.

About us:

Platform Securities are market leaders in the back-office outsourcing services to stockbrokers and wealth managers in UK and Europe. 

Platform Securities have been servicing the financial services industry for over 15 years. They are highly regulated and have one of the highest levels of authorisation from the UK Financial Conduct Authority.

The team:

The Tax team are responsible for US and UK operational tax reporting such as US 1042 and 1042-s return, ISA Annual Return (ISAComm100), ISA 14 Annual Statistical Return, Lifetime ISA Annual Return, Other Interest (Section 18), ISA 14 Return & Claim, ISA 10 Monthly claims, and FATCA & CRS reporting. An awareness of other corporation tax obligations including VAT would also be advantageous.  A good understanding of a platform business within the financial services sector in the context of tax reporting obligations.  Ability to work effectively across many different teams, helping to work together to achieve desired outcomes.

What you will be doing:

  • Prepares, reviews and files various reports for federal, state and local reporting as well as other areas of tax compliance (monthly, quarterly, annually).

  • Tax form validation.

  • Perform surveillance by reviewing exception reports and perform periodic reasonableness checks of W-8 forms

  • Review tax forms expiration; coordinate with internal counterparts to obtain updated forms

  • Identify situations that could arise which indicate inconsistencies between the KYC documents received and the W-8 form and Escalate when required

  • Maintains current knowledge of tax laws, updates and revisions and informs management of issues affecting FIS.

  • Investigates and reconciles discrepancies.

  • Reconciles any year-end balances and recover any tax overpayments.

  • Requests refunds for dual taxation, incorrect assessment and exempt property.

  • Assists with tax audits & year end statutory accounts (tax perspective).

  • Monitors internal reporting software database for integrity and maintenance.

  • Other related duties assigned as needed


What you bring:

  • Ideal candidate will have previously worked for one of the larger accounting / professional firms in an advisory / audit capacity.

  • Bachelor's degree in preferably in Tax, accounting or finance or the equivalent combination of education, training, or tax related work experience. Remain knowledgeable on current tax regulations.

  • Good understanding of generally accepted accounting principles as well as company accounting policies, procedures and standards

  • Understanding of U.S. tax information withholding & reporting requirements

  • Understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements; Forms 1042-S; and 1042

  • Understanding of FATCA/CRS/AEI reporting requirements

  • Up to date and demonstrable knowledge of ISA guidelines and HMRC tax reporting including Additional Permitted Subscriptions, Flexible ISA, Continuous ISA Subscriptions, JISA and LISA.

  • Communicates ideas both verbally and in written form in a clear, concise and professional manner

  • Ability to analyse and solve problems using learned techniques and tools

  • Analytical and statistical examination skills

  • Ability to understand and apply learned concepts

  • Attention to detail, accuracy and confidentiality

  • Demonstrated ability to plan and accomplish work to ensure critical deadlines are met

  • Ability to create spreadsheets and demonstrated proficiency in the use of Microsoft Office and accounting software

  • Ability to establish and maintain effective working relationships with employees, clients and public

  • Ability to manage people / projects etc where required.

What we offer you:

  • A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities

  • A broad range of professional education and personal development possibilities - FIS is your final career step!

  • A competitive salary and benefits

  • The chance to work on some of the most challenging, relevant issues in financial services & technology

  • A work environment built on collaboration, flexibility and respect

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice .

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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Details

  • Job Reference: 678772064-2
  • Date Posted: 5 August 2022
  • Recruiter: FIS
  • Location: Birmingham
  • Salary: On Application