Tax-Retirement Analyst III

UMB Bank; Milwaukee (WI); On-site; USD 56,890 - 83,080; Full time

Benefits offered by this job

Paid Time Off

401(k) matching program

Tuition reimbursement

Fitness reimbursement

Job summary

UMB Bank seeks a Tax-Retirement Analyst III in Milwaukee, Wisconsin. The role involves mentoring junior analysts, managing tax reporting processes, and leading projects to enhance efficiency.

Qualified candidates need a Bachelor's Degree and experience in operations or tax within financial services, along with knowledge of mutual funds and IRA transaction reporting.

Competitive benefits are offered, including a 401(k) matching program, paid time off, and comprehensive insurance coverage.

Qualifications

• Experience in an Operations or Tax related capacity within financial services.
• Knowledge of financial products related to 1099 reporting.

Responsibilities

• Monitor and resolve exception items efficiently.
• Manage year-end tax reporting deadlines.
• Lead projects involving new system designs.
• Act as a backup to department manager.

Skills

Financial services industry experience

Knowledge of mutual funds

Knowledge of IRA transaction processing

Knowledge of 1099 reporting

Education

Bachelor's Degree

Job description

UMB Registered Fund team, which manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients.

Tax-Retirement Analyst III

You will assist in training and act as mentor for associates in Tax and Retirement Analyst I and II positions. You will review the work of Tax and Retirement Analyst I associates for accuracy and completeness while providing constructive feedback and represent the Tax Department within the transfer agency on conversions, fund startups and regulatory projects.

How You Will Spend Your Time

• Monitor and resolve exception items to ensure resolution within acceptable time frames
• Document/review workflow and procedures
• Manage and resolve year-end tax reporting deadlines, including the preparation of forms 1042/945 for fund clients, and shareholder 1099 and 1042 S preparation/filings
• Process adjustments to cost basis reporting related to the 1099 and corrections process
• Manage the annual fund reclassification processes
• Lead the team in streamlining reporting and withholding processes as well as remediation tasks
• Manage outside vendor relationships
• Review invoices received from outside vendors and reconcile back to tax form production
• Lead projects which include designing and testing of new systems and programs, the converting or de-converting of clients
• Ability to partner with other departments
• Ability to manage and maintain partnerships with outside vendors as it relates to tax form processing
• Act as back up to department manager

We’re excited to talk with you if

• Bachelor's Degree
• Financial services industry experience in either an Operations or Tax related capacity.
• Knowledge of mutual funds and alternative investments products as related to 1099 reporting
• Knowledge of IRA transaction processing and Federal and State withholding rules, or 1099 reporting requirements including cost basis calculations
• Knowledge of mutual funds and alternative investments products as related to 1099 reporting

Compensation Ranges

• US Employees in California, Washington DC, New Jersey, and New York: $62,310 - $90,760
• US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin: $56,890 - $83,080
• US Employees in all other states not listed above: $51,480 - $75,410

The posted compensation range on this listing represents UMB’s good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to [e-mail] to let us know the nature of your request.

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