Tax Operations Analyst

Tax Operations Analyst

On behalf of our client in the Banking Sector, PROCOM is looking for a Tax Operations Analyst.

Tax Operations Analyst – Job Description

• The Analyst will provide a range of analytical/process support, reporting, analytics and assist in the generation of various tax slips and filings with Canada Revenue Agency (CRA) and Revenue Quebec (RQ)

• The Analyst will also work to investigate, improve, and redesign existing processes and pain points within the Registered Plans and Mutual Funds Tax production space

• Support and assist in the generation of ad hoc queries, monthly reporting for various reconciliations, and work with Operations, Wealth Partners, Technology and Vendors to scope, test, and review Tax UAT and production cycles and leverage available technologies

• Generate various Tax slips and filings with CRA/RQ as required and provide Partners with necessary calculations related tax financial information

• Support and assist in the production of various registered plans and Mutual Funds tax products, gathering of RRSP withdrawals, RIF payments or mutual fund income payment data and tax allocation information from Fund Accountants for various Tax reporting

• Process Optimization:

• Drive continuous improvement of the current state Tax Production model service level agreements (SLA) to enhance the client experience and operational efficiencies

• Analyze current state processes and perform root cause analysis for any breaks and gaps in process, including but not limited to:

• Finding Data integrity or quality issues

• Independently drive change and solutions for all identified root causes

• Take a risk-based approach in applying innovative solutions to unique problems in differing lines of business and tax products

• Liaise and drive change between multiple stakeholders (Technology, Business Architecture, Operations, Wealth Business lines etc.)

• Recommend and summarize improvements to Management and senior leadership

Tax Operations Analyst – Mandatory Skills

• Understanding of the Federal and Provincial Tax Act as it pertains to income reporting.

• Data literacy, process optimization, data technology tools

• Intermediate-Advanced Level Excel: formulas, manage data, able to find easier way to complete work, creativity and willing to learn

• Drive change and solutions for root causes that they identify

• Data integrity issues and fix data, provide recommendations

• Drive continuous improvements and perform root cause analysis (find data integrity issues, identify outdated processes and technology used)

• 1-3 years’ work experience in analytical roles (data analysis, Operations Analyst, data validation, reporting, and analytics techniques) can be new graduate with some experience and very strong technical skills

• A general understanding of Banking Operations and interest in financial services

• Experience with registered estate Tax reporting 1+ years

• Understanding of Canadian Federal and Provincial Tax Act as it pertains to registered and non-registered tax products, such as T550, T3GR, RC249, RRSP Contribution Receipts, 60J, 60L, TFSA, T4RSP/REL2, T4RIF/REL2, T4A/REL1 for RESP and RDSP, T3/REL16, T5/REL3 & T5008/REL18 for Mutual Funds/Structured Notes

• Knowledge of Canadian tax reporting requirements (Death of an TFSA/RRSP/RRIF annuitant, non-qualified investments held in a registered account, Unclaimed property and Uncashed cheque)

• Experience in using TaxPrep software to prepare tax forms and/or T3 tax returns

• Withholding tax remittances and reconciliations with CRA/RQ

• Strong knowledge of VBA macros and other programming languages is a must

• Education: computer science, business, mathematics, stats or related field, accounting, finance

• 1-3 years’ experience as business analyst or related

Tax Operations Analyst - Nice to Have Skills

• Experience in using ISM, RPM, SEI, Unitrax (GIF II), and Baycom (SMS and Primebase) system would be an asset

Tax Operations Analyst - Assignment Start Date

ASAP – 18 months to start

Tax Operations Analyst - Assignment Location

Toronto, ON – Work Hybrid