Tax Processing

Goldman Sachs Bank AG; Salt Lake City (UT); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Healthcare & Medical Insurance

Financial Wellness & Retirement

On-site health centers

Job summary

Goldman Sachs Bank AG in Salt Lake City seeks an Associate in Tax Operations-Information Reporting to support tax data analysis, 1099/1042-S reporting, and regulatory filings for US and Canadian clients, collaborating with teams across Global Banking & Markets, Asset & Wealth Management, Platform Solutions, and Advisory Solutions.

Ideal candidates hold a Bachelor’s degree with 3 years of relevant experience; strong Excel and analytical skills are required along with the ability to coordinate

Qualifications

• Bachelor’s Degree required for role.
• 3 years relevant work experience in Operations, Taxation, Accounting, Auditing, or related field.
• Strong analytical and problem-solving skills with an ability to understand complex workflows.
• Results oriented with ability to balance time-sensitive projects while maintaining a longer term focus.
• Excellent communication skills with an ability to influence senior stakeholders.
• Strong attention to detail and ownership mindset.
• Questioning mindset with ability to flag risks to managers.
• Ability to learn quickly and work across teams.
• Intermediate/advanced Excel skills are essential.

Responsibilities

• Reviewing and responding to client information reporting tax inquiries with timely analysis.
• Providing tax-related operational support to Investment Professionals, Client Service Reps, and clients.
• Reviewing and responding to inquiries from Tax Authorities and Regulators.
• Complex corporate actions analysis.
• Supporting US and State tax regulatory filings.
• Ensure data accuracy and integrity of regulatory tax filings.
• Reviewing and solving breaks and exceptions from upstream data.

Skills

Strong analytical & problem-solving

Excellent communication

Excel skills

Cross-team collaboration

Education

Bachelor’s Degree

Tools

SQL

Alteryx

Job description

Tax Operations-Information Reporting-Salt Lake City-Associate location_on Salt Lake City, UT, United States

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Operations individuals are critical thinkers who partner with groups across the firm to ensure accurate tax withholding and reporting for the firm and our clients. This is an excellent opportunity to work on a diverse team in a fast-paced and constantly changing environment. You will assist in creating and supporting scalable processes to support the firm’s global business segments in Global Banking & Markets, Asset & Wealth Management, Platform Solutions, and Advisory Solutions. You will gain extensive exposure and knowledge of US regulations around 1099, 1042-S, and Canadian tax reporting including corporate action tax processing, 871(m) withholding on certain derivative investments, Backup Withholding, Chapter 3 Withholding, and Chapter 4 Withholding.

OUR IMPACT

Tax Operations is responsible for maintaining the integrity of the firm’s compliance with reporting authorities around the globe and managing related inquiries from a variety of the firm’s business segments across Global Banking & Markets, Asset & Wealth Management, Platform Solutions, and Advisory Solutions. Day-to-day team functions include accurate and timely tax data analysis and processing, including Cost Basis tracking; reconciliations of firm and client withholding obligations, client information reporting to the US and Canadian tax authorities, reviewing and responding to client inquiries around unique tax situations, 871(m) withholding and reporting on certain derivatives, and regulatory filings.

RESPONSIBILITIES

• Reviewing and responding to client information reporting tax inquiries with timely and accurate analysis of the facts and circumstances
• Providing tax-related operational support to the firm’s Investment Professionals, Client Service Reps, and clients
• Reviewing and responding to inquiries from Tax Authorities and Regulators
• Complex corporate actions analysis
• Supporting US and State tax regulatory filings
• Ensure data accuracy and integrity of regulatory tax filings
• Reviewing and solving breaks and exceptions arising from inconsistencies with upstream data producers

BASIC QUALIFICATIONS

• Bachelor’s Degree
• 3 years relevant work experience in Operations, Taxation, Accounting, Auditing, or related field
• Strong analytical and problem-solving skills with an ability to understand complex workflows
• Results orientated with the ability to balance time-sensitive projects while maintaining a longer term, strategic focus
• Excellent communication skills with an ability to influence senior business stakeholders and make decisions
• Strong attention to detail
• Proactive and self-starting individual with high level of ownership
• Questioning mindset with an ability to recognize potential risk and flag to managers
• Flexibility and ability to learn quickly
• Ability to work across various teams to complete time-sensitive tasks
• Intermediate/advanced Excel skills essential

PREFERRED QUALIFICATIONS

• Accounting, auditing, or reconciliations background is preferred, with an understanding of large-scale reporting
• Understanding of NRA, FATCA, and Backup withholding rules
• Prior exposure to IRS Forms 945, 1042, 1099, and 1042-S
• Prior exposure to Canadian Forms T5 and T5008
• SQL and Alteryx skills

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.