Banking Operations Specialist

Axelon Services CorporationJacksonville, FL

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Job Description

Summary: Work Location: Jacksonville, FL Duration: 7 Months Work Mode: Onsite Shift: 8:00 AM – 5:00 PM EST Responsibilities: Perform daily and month-end reconciliation of unclaimed general ledger accounts. Manage dormant accounts and unclaimed property filings. Support account status updates and handle IRS backup withholding processes. Manage state and federal withholding payments for IRA withdrawals. Ensure compliance with IRS regulations and support regulatory reporting accuracy. Communicate with account owners regarding unclaimed property laws and regulations. Process state and federal withholding and backup withholding payments. Reconcile unclaimed property general ledgers and internal accounts. Identify unclaimed property such as dormant accounts and outstanding checks. Conduct due diligence outreach to property owners as required by law. Prepare unclaimed property reports to state agencies accurately and on time. Provide solutions to client, branch, and banking inquiries, escalating issues when necessary. Research, review, and process 1099 corrections. Ensure timely and accurate submission of corrected forms in compliance with IRS deadlines. Investigate discrepancies related to 1099 reporting and coordinate resolutions. Maintain documentation and audit trails supporting all corrections and adjustments. Apply withholding rates and exemptions based on residency status and tax treaties. Monitor account changes that may impact tax reporting or withholding requirements. Requirements: Minimum 2 years of relevant experience in unclaimed property, tax operations, accounting, banking, or compliance-related roles. Unclaimed Property Compliance & Regulatory knowledge. State Escheatment Knowledge: Working knowledge of state escheatment laws, reporting timelines, due diligence requirements, and remittance processes. Audit & Documentation Experience with internal financial and reporting systems. Preferred Skills: Advanced Excel Skills - Reporting and data analysis, including functions such as VLOOKUP. Experience with SOVOS (unclaimed property reporting and research) tax and regulatory compliance software platform. Customer Service – outbound calls. AXEL01

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FAQs About Banking Operations Specialist Jobs at Axelon Services Corporation

What is the work location for this position at Axelon Services Corporation?

This job at Axelon Services Corporation is located in Jacksonville, FL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Axelon Services Corporation?

Employer has not shared pay details for this role.

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