Product Analyst Specialist - Tax Reporting

FIS; United States; Remote; USD 170,000 - 287,000; Full time

Job summary

Join FIS as a Product Analyst Specialist, where you will oversee the design and management of tax reporting solutions for critical financial services. This role combines industry expertise with innovative product development, ensuring compliance with IRS regulations while enhancing client relationships. Ideal candidates will possess a bachelor's degree and demonstrate knowledge of fixed income instruments and tax code regulations.

Benefits

Career development opportunities

Collaborative work environment

Competitive salary and benefits

Diversity and inclusion initiatives

Qualifications

• In-depth knowledge of debt instruments like OID and Contingent Payment Debt.
• Strong understanding of IRC sections related to tax reporting.
• 10 years experience in tax information reporting or fixed income markets is a bonus.

Responsibilities

• Design, develop, and manage products related to fixed income instruments.
• Oversee data processing and tax-related operations.
• Collaborate with QA to ensure product quality.

Skills

Knowledge of debt instruments

IRS tax reporting

Client relationship management

Problem-solving

Communication skills

Education

Bachelor’s degree in mathematics, accounting, or a related field

Tools

Microsoft Office Suite

Confluence

TeamSupport

ActivCollab

Job description

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.

#pridepass