Tax Operations Analyst

Tax Operations Analyst

Job Level:  Analyst

Location: New York, NY, US, 10172

Employment Type:  Full Time

Requisition ID:  7569

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $68,000.00 and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC Tax Operations is seeking a new member to join its team. The successful candidate will be responsible for supporting global Tax Operation functions (documentation, Information Reporting & Withholding Tax). You will also be responsible for analyzing new tax rules, process changes and supporting overall regulatory compliance for the firm.

Role Objectives:

• Assist with review and validation of the various IRS forms (e.g. W9 & W8 series)
• Assist in annual preparation and filing of forms 1099, 1042 and 8966 with the IRS
• Provide support for international tax reporting (ex. FATCA, CRS, etc.) and work with vendors to ensure accurate and timely reporting.
• Perform weekly IRS tax remittance and remediation. Will assist with reconciling tax withholding and filing of annual 1042 forms across all entities.
• Will be responsible for processing reports and gathering data to meet various reporting deadlines and regulatory standards.
• Respond to internal and external client and third-party inquiries
• Review sales and use tax returns for multiple jurisdictions
• Review business analysis on global regulatory changes, new rules, and process improvements, and understand any impact they may have on our processes and procedures.
• Will take part to streamline and automate existing processes, including working with potential vendors and performing system testing when needed.
• Perform other duties and responsibilities assigned by management

Qualifications and Skills

• 4+ years of experience, primarily in information reporting and withholding tax
• Sales & Use tax experience preferred
• Experience with IRS withholding and information reporting rules
• Ability to identify, escalate, and resolve problems/issues
• Excellent interpersonal, written, and verbal communication skills
• Ability to work under pressure in a deadline driven environment

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law.

Nearest Major Market: New York City