Tax Reporting Lead Analyst

Bessemer Trust; Port Reading (NJ); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

401(k) profit-sharing plan

Medical, dental, vision coverage

Paid holidays, vacation, sick time

Life insurance

Disability coverage

Hybrid work environment

Job summary

Bessemer Trust is seeking a Tax Reporting Lead Analyst to join the Data & Tax Operations team. This role serves as a technical subject matter expert for the firm's nonresident alien (NRA) withholding and information reporting function, with primary responsibility for Forms 1042 and 1042-S.

The successful candidate will have extensive hands-on experience with Chapter 3 and Chapter 4 (FATCA) withholding, Forms W-8, tax treaty benefits, Form 1042/1042-S reporting, and related reconciliations.

Qualifications

• 5–7+ years in tax information reporting with NRA withholding experience.
• Deep knowledge of Chapter 3/4 withholding, W-8, and treaty benefits.
• Experience with 1042/1042-S reconciliation and IRS transcripts.
• Strong analytical and problem-solving abilities for complex issues.
• Excellent organizational skills and ability to manage deadlines.
• Proficient communication across business and tech teams.
• Advanced Excel skills and relevant degree or equivalent.

Responsibilities

• Own end-to-end Form 1042-S reporting, reconciliation, filing, and amendments.
• Perform 1042 reconciliation, withholding liabilities, and IRS transcripts research.
• Serve as SME for FATCA withholding and reporting requirements.
• Review W-8s for validity, status, withholding, and treaty eligibility.
• Provide guidance on NRA withholding in corporate actions and distributions.
• Monitor regulatory changes and assess impact on processes and systems.
• Collaborate with Operations and Technology to resolve tax issues and enhance systems.
• Provide secondary support for Forms 1099, 1099-R, and 5498.

Skills

NRA withholding

1042/1042-S reporting

FATCA

W-8 forms

tax treaty benefits

Form 1099 reporting

Excel

IRS reconciliation

data validation

cross-border tax knowledge

Education

Bachelor's degree in Finance, Accounting, or related

Tools

FIS WSC

Salesforce

Jira

PL/SQL

Automation tools (RPA)

Job description

Bessemer Trust is seeking a Tax Reporting Lead Analyst to join the Data & Tax Operations team. This role serves as a technical subject matter expert for the firm's nonresident alien (NRA) withholding and information reporting function, with primary responsibility for Forms 1042 and 1042-S.

The successful candidate will have extensive hands-on experience with Chapter 3 and Chapter 4 (FATCA) withholding, Forms W-8, tax treaty benefits, Form 1042/1042-S reporting, and related reconciliations. The role also provides secondary support for domestic information reporting, including Forms 1099, 1099-R, and 5498.

The base salary range for this position is $100,000 - $130,000 per year. This range reflects the minimum and maximum base salary we reasonably expect to pay for this role. In addition, this position may be eligible to participate in the relevant business unit's incentive compensation plan, and other compensation programs as applicable. Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution, medical, prescription dental, and vision coverage; life insurance; disability coverage; paid holidays; vacation; and sick time, subject to plan terms and Company policies.

Key Responsibilities

• Own the end-to-end Form 1042-S reporting process, including data validation, reconciliation, filing, corrections, and amendments.
• Perform Form 1042 reconciliation, including Forms 1042-S, withholding liabilities, federal tax deposits, and IRS account transcripts; research and resolve discrepancies.
• Serve as a subject matter expert on Chapter 3 and Chapter 4 (FATCA) withholding and reporting requirements, including withholding rates, recipient classifications, exemptions, and tax treaty benefits.
• Review and interpret Forms W-8 to determine documentation validity, recipient status, applicable withholding rates, treaty eligibility, and reporting requirements.
• Provide technical guidance on the NRA withholding and reporting implications of corporate actions, income distributions, and other complex or cross-border transactions.
• Monitor regulatory developments affecting NRA withholding and information reporting and assess the impact of changes on operational processes and systems.
• Partner with Operations, Technology, and other stakeholders to resolve complex tax reporting issues and support system enhancements, testing, automation, and process improvements.
• Provide secondary support for Forms 1099, 1099-R, and 5498 year-end reporting.

Required Qualifications

• 5–7+ years of directly relevant tax information reporting experience, with substantial hands-on experience in Forms 1042/1042-S and NRA withholding.
• Advanced knowledge of Chapter 3 and Chapter 4 (FATCA), Forms W-8, and applicable tax treaty and withholding requirements.
• Demonstrated experience with Form 1042/1042-S reconciliation and IRS account transcript analysis.
• Strong analytical and problem-solving skills with the ability to independently research and resolve complex tax withholding and reporting issues.
• Excellent organizational and time-management skills with the ability to manage multiple priorities and regulatory deadlines.
• Strong written and verbal communication skills with the ability to communicate complex tax matters and collaborate effectively across business and technology teams.
• Advanced Microsoft Excel skills.
• Bachelor's degree in Finance, Accounting, Business, Taxation, or a related field, or equivalent relevant professional experience.

Preferred Qualifications

• Experience supporting operational risk, controls, audits, or regulatory examinations, particularly related to nonresident withholding and information reporting.
• Working knowledge of Forms 1099, 1099-R, and 5498 reporting.
• Experience with FIS Wall Street Concepts (WSC), FIS Global Plus, Salesforce, Jira, PL/SQL, or automation technologies, including robotic process automation (RPA) and firm-approved artificial intelligence tools.
• Experience with tax reporting system enhancements, implementations, or testing.
• Participation in relevant industry organizations or forums, such as SIFMA, focused on tax information reporting and regulatory developments.

About Bessemer Trust

• Bessemer Trust is a family office, overseeing $250 billion in assets for 3,000 individuals and families of substantial wealth. Its more than 1,300 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.
• Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.
• Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer's adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

Key Facts

• For more than 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.
• Headquartered in New York's Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.
• To watch a video about Bessemer Trust's history, click here.
• To learn more about Bessemer Trust, click here.

About Our Employee Rewards And Benefits

• We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:
• Competitive base salary plus discretionary annual bonus for select positions
• A 401(k) plan with a generous annual profit-sharing contribution
• Personalized development and career opportunities, including tuition reimbursement support
• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage
• Employee assistance (EAP) and wellness programs
• Hybrid work environment: 60% in office, 40% remote for most positions
• Paid time off and paid parental leave
• Employer-paid life insurance and short- and long-term disability coverage
• Legal services and financial wellness plans at no cost to employees

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.