Banking Ops Specialist

GlobalchannelmanagementJacksonville, Florida

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

On-site

Job Description

Banking Ops Specialist needs 2 years of relevant experience Banking Ops Specialist in unclaimed property, tax operations, accounting, banking, or compliance related roles

Banking Ops Specialist requires:

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: Internal financial and reporting systems Top 3 Nice-To-Haves (Hard and/or Soft Skills)
Advanced Excel Skills - Reporting and data analysis, including functions such as VLOOKUP.
SOVOS (unclaimed property reporting and research) tax and regulatory compliance software platform.
Customer Service – outbound calls

Banking Ops Specialist duties:

• Communicates and corresponds with account owners regarding questions regarding unclaimed property laws and regulations, while ensuring compliance with said laws and regulations.• Processes state and federal withholding and backup withholding payments in compliance with IRS and state regulations.• Reconciles unclaimed property general ledgers and internal accounts to ensure accuracy of all financial records and identifies and resolves discrepancies.• Identify unclaimed property (e.g., dormant accounts, outstanding checks, credit balances).• Perform account research to determine owner eligibility and dormancy status.• Conduct due diligence outreach to property owners as required by law.• Prepare unclaimed property reports to state agencies accurately and on time.• Provides solutions to client, branch, and banking inquiries, and escalates issues when necessary.• Research, review, and process 1099 corrections (e.g., name/TIN changes, amount adjustments, reclassifications).• Ensure timely and accurate submission of corrected forms in compliance with IRS deadlines and requirements.• Investigate discrepancies related to 1099 reporting and coordinate resolutions with internal business partners.• Maintain documentation and audit trails supporting all corrections and adjustments.• Apply appropriate withholding rates and exemptions based on residency status and tax treaties.

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FAQs About Banking Ops Specialist Jobs at Globalchannelmanagement

What is the work location for this position at Globalchannelmanagement?

This job at Globalchannelmanagement is located in Jacksonville, Florida, 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 Globalchannelmanagement?

Employer has not shared pay details for this role.

What employment applies to this position at Globalchannelmanagement?

Globalchannelmanagement lists this role as a Full-time position.

What experience level is required for this role at Globalchannelmanagement?

Globalchannelmanagement is looking for a candidate with "Senior-level" experience level.

What is the process to apply for this position at Globalchannelmanagement?

You can apply for this role at Globalchannelmanagement either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.