Tax Accountant 4
Essential responsibilities include the following:
Assist with interpretation of tax rules for all tax onboarding, withholding, and reporting purposes and/or for highly specialized tax return tax issues (including REMICs, Partnerships, and WHFIT/Grantor Trusts).
Ensures all tax compliance adheres to tax rules and regulations
Assist with management of tax product function by driving tax projects across CTS and continuously improving the tax and compliance environment
Help serve as subject matter expert on various tax reporting matters – examples such as FATCA, NRA reporting, Cost Basis, Original Issue Discount, structured product issues and supports tax team on tax matters
Assist with identification of tax risks and planning opportunities from knowledge of the business and the businesses tax reporting and tax attributes
Ensure the positions taken are thoroughly and contemporaneously documented
Partner closely with business leaders to ensure that they understand and implement the requirements for achieving business tax objectives and tax withholding, reporting and compliance policy
Maintain regulatory awareness and support regulatory initiatives
Monitoring new and proposed legislation, identifying the impact of proposed changes on CTS, and effectively communicate results
Serve as a tax subject matter expert on CTS initiatives
Address client escalated tax issues
Develop and facilitate training as needed to ensure compliance with all applicable tax laws and tax reporting requirements
Participate in the development and implementation of tax process standards that provide control and mitigate risk to Wells Fargo, including the implementation of systems enhancements and procedures to gain efficiencies, enhance controls and ensure compliance with tax rules
Review contract language associated with new business or amendment activity to ensure tax responsibilities are properly documented and risk understood and addressed.
This position will help the Tax Product Manager and the tax leadership team develop successful partnerships within the CTS group, as well as develop and maintain effective communication and strong working relationships – specifically with the Corporate, Municipal & Escrow Services group, Structured Product Services group, Shareowner Services, Corporate Trust Operations, Corporate Tax, Legal, Risk Management and other internal and external parties.
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.
- 5+ years of tax and accounting experience
Other Desired Qualifications
- Bachelor’s Degree, Juris Doctorate, Masters of Taxation or Certified Public Accountant (CPA) or equivalent certification
- U.S. Tax reporting expertise and expertise in US tax rules
- Experience with tax reporting obligations
- Excellent Tax Research and Documentation skills
- Strong influence and negotiation skills
- Demonstrated ability to analyze issues, recognize and support alternatives, and make or propose well-reasoned, supported decisions and plans
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
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