Cost Basis & Tax Reporting Operations Analyst

Bank of America; Pennington (NJ); On-site; USD 65,000 - 90,000; Full time

Job summary

Bank of America in Pennington, NJ is seeking a Cost Basis Operations Analyst to support accurate reporting of cost basis and tax lots for IRS and clients. This role requires strong analytical skills, attention to detail, and the ability to work on complex tax scenarios within a collaborative team.

You will handle service requests, resolve tax reporting issues, and contribute to projects during tax season. The position emphasizes compliance with IRS rules, client service, and cross-team

Qualifications

• Proficient with Microsoft Office, Outlook, Word and Excel.
• Strong understanding of rules and regulations, policies and standards.
• Excellent excel skills including the ability to run v-lookups, pivot tables, run macros etc
• Excellent customer service, interpersonal, oral, and written communication skills
• Proven ability to effectively service/resolve client inquiries
• Strong analytical and problem-solving skills
• Ability to work effectively and efficiently as an individual contributor in a team environment
• Positive and professional attitude in a team oriented fast paced work environment
• College Degree preferred
• At least 1‑2 years experience in a Financial Analyst role or similar

Responsibilities

• Handles Service Request Portal/email requests related to Cost Basis updates for complex cost basis scenarios including EXSOP, Versus Purchase, ACAT Transfers, and Corporate Actions
• Research and resolve transactions via exceptions report processing
• Maintains current tax lots and for unrealized and realized gains/losses
• Liaison between internal units/departments and Branch Offices in the immediate
• Resolution of escalations and all issues related to Cost Basis and Tax Reporting
• Lead/Support project-based work including SII remediations and tax season processes
• Assist with cross‑training, new hire training, and mentoring
• Overtime may be offered to support business needs, especially during Tax Season (Jan – Apr)
• Be able to adhere to the industry and IRS rules and regulations

Skills

Attention to Detail

Customer and Client Focus

Oral Communications

Prioritization

Problem Solving

Account Management

Analytical Thinking

Coaching

Written Communications

Mentoring

Research

Result Orientation

Education

College Degree preferred

Job description

Bank of America in Pennington, NJ is seeking a Cost Basis Operations Analyst to support accurate reporting of cost basis and tax lots for IRS and clients. This role requires strong analytical skills, attention to detail, and the ability to work on complex tax scenarios within a collaborative team.

You will handle service requests, resolve tax reporting issues, and contribute to projects during tax season. The position emphasizes compliance with IRS rules, client service, and cross-team