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FATCA & Withholding Tax Specialist

AT Santander US
Santander US

FATCA & Withholding Tax Specialist

Miami, FL

FATCA & Withholding Tax Specialist

Miami, United States of America

Position Summary:

The FATCA & Withholding Tax Specialist is responsible for ensuring compliance with FATCA, NRA, and Backup withholding regulations. The FATCA & Withholding Tax Specialist reviews and summarizes financial data for the preparation of various tax forms and client reporting.

The FATCA & Withholding Tax Specialist to the FATCA & Withholding Tax Manager.

Position Duties / Responsibilities

• Conduct reviews of FATCA and NRA related documentation to ensure accuracy and completeness. This includes reviewing W-8 Form documentation for both individual and entity clients to determine their documentation status.

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• Prepare workpapers and ensure timely payments to the IRS in compliance with FATCA and NRA regulations. This involves withholding the correct amounts from payments to foreign clients and submitting these withholdings to the IRS. This position is also responsible for reversals over withholding of taxes and client accounts.

• Reconcile general ledger with actual transactions recorded in the journal entries. Any discrepancies identified during this process are corrected through manual adjustment.

• Collaborate with the Commercial Team to clarify questions related to FATCA, NRA and Back UP Documentation, withholding and Reporting.

• Review documentation for deceased accounts and account closures to verify proper withholding.

• Maintain tax policies and procedures, including proper operational and data documentation procedures.

• Assist with tax audits and special tax projects.

• Other duties as assigned or requested by immediate supervisor.

Education:

Bachelor's degree required or equivalent experience

Business Experience:

0 - 2 years of relevant experience or demonstrated required level of proficiency

Specialized and/or Technical Knowledge:

• Tax research.
• Ability to effectively use on-line tax databases.
• Knowledge of relevant legal, regulatory and tax issues.
• Proficiency in Microsoft Excel.
• Versatile and flexible that can manage a number of transactions/projects at the same time, is accommodative to change and can deliver against deadlines.
• Very good written and oral communications skills
• Ability to work closely and co-operatively in a small team environment.
• Self-motivated with the ability to work under own initiative and with little supervision.

Languages:

English and Spanish.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

Primary Location: Miami, FL, Miami

Other Locations: Florida-Miami

Organization: Banco Santander International
Salary: $44,250 - $69,000/year
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO

Client-provided location(s): Miami, FL, USA
Job ID: Santander_Bank-Req1406645
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • HSA With Employer Contribution
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • Pet Insurance
    • Mental Health Benefits
  • Parental Benefits

    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
    • Adoption Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
  • Work Flexibility

    • Work-From-Home Stipend
    • Four-Day Work Week
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • Holiday Events
  • Vacation and Time Off

    • Personal/Sick Days
    • Volunteer Time Off
    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Performance Bonus
    • Financial Counseling
  • Professional Development

    • Internship Program
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
    • Lunch and Learns