Job Description:
Senior Manager, Brokerage Tax
The Role
The Brokerage Tax Operations Manager is responsible for leading the tax operations department to deliver timely and accurate brokerage tax information to Green Pier’s Brokerage and Retirement customers. They will oversee processes and technology for cost basis, product tax reporting, withholding and filing. They hold a high standard of delivering operational excellence and superior service in a variety of simple and complex brokerage tax processes, projects and technology road maps. They bring a sense of urgency to the customer, a desire to lead in a collaborative culture, and a mindset to protect customers and the firm.
Apply a deep understand of IRS tax regulations to the on-going brokerage tax processes and technology to ensure we are in continued compliance, and information is accurate and delivered timely
Build a strong service-oriented and risk-averse culture
Provide on-going scalable solutions, transparent reporting and data-driven decisions
Think and work across the organization and build strong business relationships across the firm
The Expertise and Skills You Bring
10+ years understanding of financial services brokerage product and tax operational workflows
College degree or equivalent work experience, advanced degree and/or account/industry certifications a plus
Deep understanding of cost basis, broker dealer required tax forms including 1099 series, 5498 as well as issuing 990-T forms
Working knowledge of tax regulations such as 1441, 1446(a) and (f) and 6045
Strong understanding of brokerage products and operations, including equity, mutual funds and alternatives, trading, margin, corporate actions tax and dividends
Ability to make risk-based decisions in adherence of strict regulatory environment
Commitment to communicate complex processes in a simplified manner to senior levels
Create an environment for continuous process improvement
The ability to provide clear requirements to technology partners
Working knowledge of cost basis regulations
Knowledge of IRS withholding and remittance files
Series 7 or 99 required or willingness to obtain within 180 days
The Team
Green Pier Fintech LLC is a division of the Fidelity Center for Applied Technology (FCAT). The Green Pier and Green Meadows team is bringing new technology and processes to life that will enable Fidelity to target new markets and customer segments; a business squarely executing on not one or two but four Fidelity operating principles - next generation platforms, efficiency and reduction of unit costs, new sources of revenue, and high quality customer experiences - and which embodies the Fidelity leadership principle of taking risks and valuing pace over perfection.
The base salary range for this position is $71,000-$120,000 per year.Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.