What are the responsibilities and job description for the US Tax Reporting Consultant position at Ampcus, Inc?
Ampcus Inc. is a certified global provider of a broad range of Technology and Business consulting services. We are in search of a highly motivated candidate to join our talented Team.
Job Title: US Tax Reporting Consultant
Location(s): New York, NY
(Hybrid: Onsite at least 4 days per week, with 1 day working from home)
Job Summary
We are seeking an experienced US Tax Reporting Consultant to support tax reporting operations for approximately six months. The ideal candidate will have at least 5 years of US tax reporting experience within financial services, with strong expertise in Forms 1099 and 1042-S. Excellent Microsoft Excel skills are essential for performing tax reconciliations, data validation, user testing, and reporting controls.
Responsibilities
- Perform tax-related reconciliations, data validation, issue resolution, and control activities to maintain reporting accuracy and operational integrity.
- Conduct user testing for the FIS Tax Reporting Solution by examining source input files against vendor-generated output files and validating expected 1099 and 1042-S results.
- Perform tax season checkout by comparing source input files with vendor-generated output files and validating results for Forms 1099-B, 1099-INT, 1099-DIV, 1099-MISC, and 1042-S.
- Review FATCA and non-resident alien (NRA) tax withholdings, including blended rates for intermediary entities, against vendor reporting outputs.
- Collaborate with the Tax Documentation team to ensure documentation issues affecting tax reporting and withholding are resolved before year-end.
- Support the tax team in performing controls on data extracts from source systems to ensure accuracy and compliance with 1099, 1042-S, and K-1 nominee reporting requirements.
- Identify opportunities to automate reporting processes, improve data quality controls, increase operational efficiency, and reduce costs.
Required Qualifications
- Minimum 5 years of US tax reporting experience in financial services operations, specifically involving Forms 1099 and 1042-S.
- Extensive knowledge of US tax reporting requirements applicable to the banking industry.
- Strong understanding of FATCA and NRA US tax withholding requirements.
- Knowledge of W-8 and W-9 tax form requirements, including validation procedures.
- Understanding of W-8IMY requirements, particularly non-withholding foreign partnership structures.
- Excellent Microsoft Excel skills for data analysis, reconciliation, validation, and reporting.
- Strong problem-solving, analytical, and organizational skills.
- Ability to interpret complex tax requirements and explain technical tax matters to technical and non-technical audiences.
- Ability to prioritize multiple tasks and work effectively under deadlines.
- Strong written and verbal communication skills.
- Bachelor's degree.
Preferred Qualifications
- Experience with the FIS Tax Reporting Module.
- Proficiency in Microsoft Access.
- Experience automating reporting processes and strengthening data quality controls.
Ampcus is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veterans or individuals with disabilities.
Ampcus is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, national origin, age, protected veterans or individuals with disabilities.