Digital Asset Tax Operations Specialist

5 days ago


New York, New York, United States Prometheum Full time

About Us

Prometheum is a fintech company that has been at the forefront of digital asset securities since its founding in 2017. With a strong diverse team, we have built a compliant ecosystem that enables all investors to seamlessly invest in digital assets securities.

Our focus on innovation and problem-solving skills has driven us to grow exponentially, and we are now looking for hardworking individuals who can contribute to our great fintech company culture as we traverse new and exciting areas.

Role Overview

We are seeking a highly skilled Digital Asset Tax Operations Specialist to join our team. This is a fixed-term contract position lasting six months, with a competitive salary of $200,000 (pro rata). The successful candidate will be based in New York City, NY, and will work in a hybrid environment.

Responsibilities

  • Tax Reporting Management: You will be responsible for managing Client Tax Reporting for Prometheum Capital. This includes leading ongoing assessments of client tax reporting requirements and implementing identified requirements.
  • Transaction Processing: You will ensure that transactions, including corporate action events and trading activity, are processed and recorded accurately within our back office system.
  • Data Classification: You will classify transactions to reflect appropriate tax reporting, contributing to the assessment and mapping of transactional data as it populates downstream to tax reporting vendor systems.
  • Vendor Management: You will function as the point of contact for vendors supporting cost basis and tax reporting.
  • Process Improvement: You will partner with internal stakeholders to coordinate assessment or required implementation actions, review and draft related operational desktop procedures and policies.

Management of Client Tax Reporting Processes:

  • Internal Processes: You will establish internal processes and controls to ensure complete and accurate 1099 reporting of client transactions, compliance with IRS client identification and withholding/remittance requirements, and appropriate vendor oversight.
  • KPIs and Reporting: You will establish related KPIs and management reporting.

Business Analysis and IT Liaison:

  • Operations- Owned Initiatives: You will provide business analysis for Operations-owned initiatives and serve as liaison with IT on both Operations and firmwide initiatives.
  • Technical Requirements: You will assist in creating technical business requirements to drive operational efficiencies, mitigate risk/errors, leverage technology, implement industry best practices, monitor contractual risk, and enhance the client experience.

Qualifications:

  • Experience: You must have 5+ years of experience supporting tax information reporting, withholding, and tax document management.
  • Reporting Knowledge: You must have expert knowledge of reporting requirements supporting IRS Forms 1099 series and IRS Forms 1042 series, as well as TIN requirements and associated forms.
  • Regulatory Compliance: You must have experience working with compliance on Tax and/or Regulatory inquiries.
  • Education: You must have a Bachelor's degree or equivalent work experience.
  • FINRA Certification: You must have FINRA Series 7 and 99, and/or FINRA Series 27 (or capability to acquire within 3-6 months of hire).
  • Microsoft Office: You must have intermediate to advanced experience with MS Office applications, or equivalent Google Applications.

Benefits:

  • Salary: $200,000 (pro rata)
  • Benefits Package: Competitive benefits package including health, vision, and dental insurance.

About Prometheum:

Prometheum is an equal opportunity employer. We are passionate about fostering a diverse and inclusive workplace where everyone feels valued and empowered to contribute their best work. If you share our values and are excited about the opportunity to join our team, please apply today



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