Tax Operations Specialist

About Us:-

Since its founding in 2017, Prometheum has leveraged its deep expertise in securities law, blockchain and trading to create a compliant ecosystem for digital asset securities that enables all investors to seamlessly invest in digital assets securities. Prometheum has relied on its strong diverse team to build the tools to service digital asset securities. To date, Prometheum has built multiple broker-dealers traversing novel areas and a large technology stack (intersecting trading, blockchain, compliance, etc.). We continue to grow and are looking for hardworking individuals that can contribute to our already great fintech company culture as we traverse new and exciting areas that require excellent problem solving skills.  

Role:- 

Tax Operations Specialist (Fixed Term Contract - 6 months)

Location:-
New York City, NY (Hybrid)

Salary:-
$200,000 (Pro Rata)

Responsibilities:-

Primarily responsible for management of Client Tax Reporting for Prometheum Capital 

• Leading the firm’s ongoing assessment of client tax reporting requirements and related underlying processes supporting client tax reporting, and the subsequent implementation of identified requirements, including:
  • Defining tax reporting requirements for US and Foreign clients, including applicable withholding/remittance requirements
  • Ensuring that transactions, including corporate action events, trading activity, etc., are processed and recorded appropriately within the Firm’s back office system
  • Classification of transactions to reflect appropriate tax reporting, including contributing to assessment and mapping of transactional data as it populates downstream to tax reporting vendor systems
  • Functioning as point of contact for vendors supporting cost basis and tax reporting
  • Partnering with internal stakeholders, particularly Product Delivery Managers, to coordinate assessment or required implementation actions
  • Review and/or draft related operational desktop procedures and policies 

• Management of Client Tax Reporting processes as implemented
  • Establishment of internal processes and controls designed to ensure:
    • Ongoing complete and accurate 1099 reporting of client transactions
    • The Firm’s compliance with all applicable IRS client identification and withholding/remittance requirements
    • Appropriate vendor oversight
  • Establishment of related KPI and management reporting

• Provide business analysis for Operations-owned initiatives and serve as liaison with IT on both Operations and firmwide initiatives
• Assist in the creation of technical business requirements in driving operational efficiencies, mitigating risk/errors, leveraging technology, implementing industry best practices, monitoring contractual risk, and enhancing the client experience
• Review existing processes, identify process improvement or automation opportunities to drive operational efficiency

Qualifications:-

• 5+ years of experience support tax information reporting, withholding and tax document management 
• Understanding and expert knowledge of: 
  • Reporting Requirements supporting IRS Forms 1099 series, and IRS Forms 1042 series
  • IRS TIN requirements and associated forms (W-9, W-8); 
• Experience working with compliance on Tax and/or Regulatory inquiries.
• Bachelor's degree or equivalent work experience.
• FINRA Series 7 and 99, and/or FINRA Series 27 (or capability to acquire  within 3-6 months of hire)
• Intermediate to advanced experience with MS Office applications, or equivalent Google Applications
• Intermediate to advanced understanding of Broker-Dealer back office functions and associated regulatory requirements
• Strong validation skills for reviewing large data sets to identify data integrity issues and patterns
• Experience with Shadow Suite is a plus
• Experience and/or in-depth understanding of Digital Assets a plus

Benefits:-

• Competitive salary based on experience
• Excellent benefits including:- Health, Vision & Dental Insurance

Prometheum is an equal opportunity employer.

For questions around this or other employment opportunities with Prometheum please contact [email protected]