Product Analyst Specialist - Tax Reporting

FIS; New York (NY); On-site; USD 170,000 - 287,000; Full time

Job summary

Join FIS as a Product Analyst Specialist for Tax Reporting, responsible for managing and developing tax reporting solutions for the financial industry. This role offers an opportunity to work with compliance-focused products and collaborate with diverse teams. A Bachelor's degree is required, along with a strong knowledge of tax regulations and debt instruments. Competitive compensation and benefits await you!

Benefits

Competitive salary and benefits

Opportunities for learning and development

Collaborative work environment

Qualifications

• Bachelor's degree in mathematics, accounting, or a related field required.
• In-depth knowledge of various debt instruments like OID and REMICs.
• Typically, 10 years of experience in tax information reporting or fixed income markets.

Responsibilities

• Responsible for design, development, and management of the FICB solution.
• Manage relationships with data providers and maintain client-facing documentation.
• Oversee tax reporting operations and monitor industry developments.

Skills

Knowledge of debt instruments

Understanding of Internal Revenue Code

Proficiency in Microsoft Office Suite

Strong problem-solving skills

Excellent communication skills

Education

Bachelor's Degree

Tools

SQL

Confluence

TeamSupport

ActivCollab

Job description

Product Analyst Specialist - Tax Reporting

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Product Analyst Specialist - Tax Reporting

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Type Of Hire

Experienced (relevant combo of work and education)

Education Desired

Bachelor's Degree

Position Type

Full time

Type Of Hire

Experienced (relevant combo of work and education)

Education Desired

Bachelor's Degree

Travel Percentage

5 - 10%

Job Description

We are FIS. Our technology powers the world’s economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. If you’re ready to start learning, growing, and making an impact with a career in fintech, we’d like to know~ Are you FIS?

About The Team

We manage the Tax Information Reporting Suite (formerly Wall Street Concepts), which provides comprehensive tax reporting solutions specifically designed for the financial services industry. Our principal product, FIS’s Tax Reporting Manager (formerly Compliance Plus), supports a wide range of reporting needs. We also offer the Fixed Income Cost Basis (FICB) solution, tailored for Cost Basis Service Providers, Service Bureaus, brokerage firms, and other institutions subject to tax reporting under Internal Revenue Code (IRC) Section 6045.

What You Will Be Doing

The Product Analyst Specialist is responsible for the design, development, and management of the FICB solution and other FIS products related to fixed income instruments. This role spans the full product lifecycle – from definition and planning through production, release, and retirement.

• Develop and document product requirements for enhancements, client-specific solutions, new IRS regulations, and integration with other FIS products, including Tax Reporting Manager
• Manage relationships with data providers and maintain client-facing documentation, encompassing user manuals and service announcements
• Provide responsive client support through inquiry resolution and occasional on-site visits
• Oversee tax reporting operations, such as data file management and the processing of tax-related information
• Monitor industry developments, participate in relevant meetings, and recommend service improvements based on regulatory changes, client feedback, and innovation opportunities
• Guide the data team in configuring financial instruments with the necessary data fields for federal income tax reporting, with special attention to the complexities of fixed income instruments
• Collaborate with the Quality Assurance team to test new data processing modules, particularly those involving calculated components such as reportable income
• May lead or coordinate the work of other team members
  
  

What You Bring

• Bachelor’s degree in mathematics, accounting, or a related field, or an equivalent combination of education, training, and professional experience
• In-depth knowledge of various debt instruments, in particular Contingent Payment Debt, Original Issue Discount (OID), Variable Rate Debt, REMICs, WHFITs, and TIPS
• Strong understanding of relevant Internal Revenue Code (IRC) sections, including Sections 171 and 1272–1278, as well as familiarity with Tax Information Reporting regulations under Chapters 61, 3, and 4, and Cost Basis reporting under IRC Section 6045
• Proficiency with tools such as Confluence, TeamSupport, ActivCollab, and Microsoft Office Suite
• Established industry expert with a demonstrated leadership presence and the ability to independently resolve highly complex issues
  
  

Added Bonus If You Have

• Typically, 10 years of experience in tax information reporting or fixed income markets
• Outstanding writing skills with a strong grasp of drafting clear and comprehensive business and technical requirements
• Familiarity with systems and desktop programming, such as SQL, or a background as a tax analyst
  
  

What We Offer You

A career at FIS is more than just a job. It’s the change to shape the future of fintech. At FIS, we offer you~

• A voice in the future of fintech
• Always-on learning and development
• Collaborative work environment
• Opportunities to give back
• Competitive salary and benefits
  
  

FIS is committed to providing its employees with an exciting career opportunity and competitive compensation. The pay range for this full-time position is $170,550.00 - $286,520.00 and reflects the minimum and maximum target for new hire salaries for this position based on the posted role, level, and location. Within the range, actual individual starting pay is determined by additional factors, including job-related skills, experience, and relevant education or training. Any changes in work location will also impact actual individual starting pay. Please consult with your recruiter about the specific salary range for your preferred location during the hiring process.

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 .

EEOC Statement

FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available here

For positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer~ In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.

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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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Research, Analyst, and Information Technology

• Industries

  IT Services and IT Consulting and Financial Services

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