*Hi,*
*
*
*Duration : 12 months*
*
*
*
*
*1st requirement:*
*Business Analyst with 1009 tax or Tarp or government regulatory reporting.*
* *
The 1099 is a form issued by a broker or barter exchange that summarizes the
proceeds of all stock transactions. The sale of a stock will be accompanied
by a gain or loss, which must be reported to the IRS when you file your
taxes. Specifically, figures from form 1099-B are used on IRS Form 1040
The client needs to provide a solution for the regulatory requirement to
provide cost basis reporting information on Form 1099-B. This is a
regulatory requirement beginning January 1, 2011. The client needs to
provide a process that will reconcile Year-End ("Y/E") transactions.
The IRS has mandated a new Cost Basis Reporting ("CBR") requirement to be
phased in over three years for various security types. The first class of
securities of this phased-in approach identifies Equities (Foreign /
Domestic) and Foreign Mutual Funds as covered securities beginning January
1, 2011
Looking for someone with business background from a Brokerage perspective in
Year End Tax (1099B) reporting. Knowledge of the new IRS regulations for
Cost Basis reporting in 2011 is a plus along with some knowledge of Cost
Basis portfolio systems. The position would be as Product/Project manager
with a myriad of responsibilities.
- Business Analyst/Requirements writing skills
- Process Client product enhancement requests
- Day-to-Day support of Y/E product
- Day-to-Day Client production support
- Product testing in coordination with Product Assurance area
- Staying on top of new regulations in the Industry
- Supporting other BR business areas, i.e. Sales, Conversions,
Account Management
We are specifically working on a project right now that encompasses the
incorporation of Cost Basis data into our Y/E 1099B reporting. The
consultant we bring in would be dedicated to that project. We are
specifically looking for that person to help with the following:
• Looking for someone that is experienced in documentation that
can assist with user manual updates, Year End Publication, Mock ups of
reports. An added plus would be if they had some technical background but
not required. Will also be trained in reading and interpreting the files
associated with Cost Basis to further assist and support Client’s during
UAT, QA and Production.
Must have solid communication skills…
*2nd Requirement: Back Office-Settlement BA *
* *
Will have settlements background, DTC, DTC Settlements, Back Office
Functions, Settlement Systems, Securities Transfers, Bank Loans, Prime
Brokerage Systems, Cash Account MGMT System, HTH Funds Wiring.
*The potential position in settlements area would also require a candidate
that possesses the aforementioned Product Manager skills with particular
focus on:*
* *
*-DTCC clearance and settlement*
*- Physical settlements – knowledge of ESS and New York Window*
*- DTCC (DRS) and Physical Transfer*
*- CNS and non-CNS buy-ins*
*-Prime Broker processing*
*-DTCC Bank Loan*
*-Stock Loan/Stock borrow*
*
*
*
*
*Kindly send matching profiles to ras...@sag-inc.com*
--
You received this message because you are subscribed to the Google Groups
"American Vendor--IT Consulting" group.
To post to this group, send email to sap-vendor@googlegroups.com.
To unsubscribe from this group, send email to
sap-vendor+unsubscr...@googlegroups.com.
For more options, visit this group at
http://groups.google.com/group/sap-vendor?hl=en.
