Compliance Accounting Specialist
Nova 401(k) Associates
Financial Data and Reporting Operations Representative
Bank of America
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteSalary
💰 $24 - $28 per hour
Job Level
Mid-LevelSenior
About the role
- Completion of standard operations processes related to consumer credit disputes, escalations and tax reporting
- Data entry, reporting data validation, case investigation, reconciliation requests, and client inquiry workflows
- Support standard transaction processing, reconciliation, and resolution of research requests to clients, consumer reporting agencies and taxing authorities
- Daily reconciliation and tax withholding payment remittance to the IRS and States for Retirement, Retail and Non-Resident accounts
- Ensure accurate and timely payment of tax withholding to the IRS on behalf of multiple legal entities
- Support withholding inquiries, reversals and manual withholding adjustments to ensure compliance with regulatory requirements
- Reconcile withholding ledgers through various system checks and balances to establish liability positions
- Preparation and review of tax payment packets, gathering documentation to evidence accuracy and completeness
- Adherence to specific regulated payment schedules and deadlines to ensure compliance with federal and/or state regulations
- Reviewing, researching and responding to branch inquiries in relation to withholding adhering to strict service level standards
- Metrics reporting and Quality Assurance Peer Reviews
- Support year end initiatives and tax withholding remediation initiatives
- Perform standard activities supporting credit disputes, escalations and tax reporting while following established written procedures and guidelines
Requirements
- Strong problem solving and decision making skills
- Detail oriented with strong organization skills
- Must possess strong oral and written communication skills
- Ability to manage multiple priorities to meet daily deliverables
- Proven effectiveness in a fast paced and demanding environment with the ability to work under pressure
- Proficient in MS Office (Outlook, Excel, Word)
- Strong interpersonal skills and ability to collaborate within and across teams
- Demonstrates initiative and a commitment to continuous learning
- Financial Services and/or tax related experience (desired)
- Money Movement & Reconciliation experience (desired)
- This position will require overtime during tax season
