What are the responsibilities and job description for the Banking Ops Specialist position at Axelon Services Corporation?
Summary
- Work Location: Jacksonville, FL
- Duration: 7 Months
- Work Mode: Onsite
- Shift: 8:00 AM - 5:00 PM EST
- Perform daily and month-end reconciliation of unclaimed general ledger accounts.
- Manage dormant accounts and unclaimed property filings.
- Support account status updates and handle IRS backup withholding processes.
- Manage state and federal withholding payments for IRA withdrawals.
- Ensure compliance with IRS regulations and support regulatory reporting accuracy.
- Communicate with account owners regarding unclaimed property laws and regulations.
- Process state and federal withholding and backup withholding payments.
- Reconcile unclaimed property general ledgers and internal accounts.
- Identify unclaimed property such as dormant accounts and outstanding checks.
- Conduct due diligence outreach to property owners as required by law.
- Prepare unclaimed property reports to state agencies accurately and on time.
- Provide solutions to client, branch, and banking inquiries, escalating issues when necessary.
- Research, review, and process 1099 corrections.
- Ensure timely and accurate submission of corrected forms in compliance with IRS deadlines.
- Investigate discrepancies related to 1099 reporting and coordinate resolutions.
- Maintain documentation and audit trails supporting all corrections and adjustments.
- Apply withholding rates and exemptions based on residency status and tax treaties.
- Monitor account changes that may impact tax reporting or withholding requirements.
- Minimum 2 years of relevant experience in unclaimed property, tax operations, accounting, banking, or compliance-related roles.
- Unclaimed Property Compliance & Regulatory knowledge.
- State Escheatment Knowledge: Working knowledge of state escheatment laws, reporting timelines, due diligence requirements, and remittance processes.
- Audit & Documentation Experience with internal financial and reporting systems.
- Advanced Excel Skills - Reporting and data analysis, including functions such as VLOOKUP.
- Experience with SOVOS (unclaimed property reporting and research) tax and regulatory compliance software platform.
- Customer Service - outbound calls.
Salary : $25 - $26