SME Cost Basis Specialist
Orion Advisor Technology
About this Opportunity:
As a Cost Basis Specialist I, you will be responsible for maintaining the accuracy and completion of cost basis and tax lot reporting for all accounts maintained by Orion. In addition, this role is responsible for ensuring compliance with all IRS and industry regulations related to the recording, retention, update, and transfer of cost basis information and participating in audits related to new development and technology releases. As we continue to evolve and live our Orion values, we are looking for someone to grow with us.
We can consider candidates for this position who are able to accommodate a hybrid work schedule and are close to one of our following offices: Omaha, NE, Berwyn, PA, Sacramento, CA, Hebron, KY, Chandler, AZ, Provo, UT, or Idaho Falls, ID. This candidate also must be available to work Monday through Friday 8am-5pm CST.
In this role, you’ll get to:
Review, analyze, maintain, and update cost basis tax lots for changes due to transactional adjustments, corporate action activity, and related systems and processes
Review and maintain quality data in cost basis system to facilitate complete and accurate information reporting
Assist in regression testing to ensure changes to cost basis system do not negatively affect other areas of costs basis or system in general
Resolves issues and ensures the client database reflects accurate and up-to-date information
Work with Account Managers to research and resolve escalated client issues and inquires; occasionally involves calls and/or in person meetings with advisors
Maintain test scenarios to cover all areas of cost basis system
Implement processes and key controls governing day-to-day activities of cost basis function to minimize operational risk
Audit cost basis functions and perform audits of statements, tax forms, and system elevations to ensure information accuracy, elevating any inconsistencies to management for investigation and resolution in order to achieve flawless execution
We’re looking for talent who:
Has general knowledge of back-office processing; account transfers, new accounts, tax reporting, statements, corporate actions, customer services, etc.
Has knowledge and understanding of Cost Basis Reporting with regards to Wash Sale Rules, Accounting Methods (i.e. FIFO), Transfer of Assets, Corporate Actions, Short Sale, Corporate Services and Tax Reporting as well as broker reporting of customer cost basis information
Has a Bachelor's degree in Business Administration, Accounting or related field
Has a minimum of 1 year of experience working in a similar or accounting-based role
Possess prior experience working in the Financial Services industry
Obtain Orion Industry Certification
Owns and manages relationships with stakeholders directly and work effectively with people at all levels in an organization
Salary Range:$17.37 - $24.46
The pay listed in this posting indicates the estimated pay at the time of this posting; however, may vary depending on geographic location, job-related knowledge, skills, and experience. In addition, Orion offers a competitive benefits package which includes health, dental, vision, and disability coverage on day one, 401(k) plan with employer match, paid parental leave, pet benefits including pawternity leave and pet insurance, student loan repayment and more.
As One-Orion, we accomplish our best work by being personally accountable to each other and the clients we serve. We are creating a welcoming environment where everyone is respected, valued, and heard. Our willingness to disrupt ourselves, and the industry ensures we stay ahead of client expectations. Thinking differently is in our DNA – we innovate, push boundaries, reject the status quo, and relentlessly pursue transformative outcomes. It is our collective will to win that drives Orion’s success and powers success for our clients and everyone at Orion.