Tax and Cost Basis Analyst

Confirmed live in the last 24 hours

501-1,000 employees

Integrated platform for independent financial advisors offering account

Company Overview

Altruist is a modern custodian for RIAs that combines essential technology with excellent customer service, enabling advisors to efficiently manage their practices. The company's intuitive software streamlines account opening, trading, reporting, and billing processes, making it a preferred choice for over 1,800 independent advisors. Altruist's commitment to transparency and conflict of interest disclosures, as evidenced by their detailed testimonial disclaimers, further underscores their industry leadership and dedication to ethical business practices.

Fintech

Company Stage

Series D

Total Funding

$297M

Founded

2018

Headquarters

Culver City, California

Growth & Insights

Headcount

6 month growth

↑ 31%

1 year growth

↑ 36%

2 year growth

↑ 144%

Locations

Dallas, TX, USA

Experience Level

Entry

Junior

Mid

Senior

Expert

Desired Skills

Sales

Excel/Numbers/Sheets

CategoriesNew

Sales & Account Management

Requirements

3+ years as a subject matter expert in all facets of cost basis and consolidated 1099 reporting
Experience reconciling client tax and cost basis records
Detail oriented with the ability to prioritize workload to meet daily deadlines
Proficient in using Microsoft excel
Ability to manage multiple projects and meet tight deadlines for the firm
Ability to provide support for new and existing tax/cost basis services and products

Responsibilities

Periodic reconciliation of all transactions reportable on 1099-B, INT, DIV, MISC, OID, etc
Identify and remediate cost basis breaks related to corporate actions, reclassification of income, wash sales, transfers, and other issues that may arise
Reconcile cost basis from CBRS, issue statements to non-CBRS participants, and process statements received
Process requests for updated cost basis and/or tax forms submitted by financial advisors, ensuring updates requested meet current cost basis regulations
Respond to escalated inquiries from the business
Review legislative updates, identify improvements and suggests changes to processes and procedures

Desired Qualifications

Experience with vendors like Maxit/Scivantage, Wall Street Concepts, and FIS
FINRA licenses (Series 7, 99)

About Altruist

Altruist is a fast growing fintech company that’s transforming the financial advice industry. Our mission is to make financial advice better, more affordable, and accessible to everyone. We’re a modern custodian built exclusively for registered investment advisors (RIAs). As we disrupt legacy custodians and revolutionize the $100T RIA market, we’re seeking exceptional individuals to join our team. If you embody our core values of kindness, brilliance, and grit, and are passionate about making a meaningful impact, we want to hear from you!

About the position

Altruist is entering an exciting phase, and we’re looking for experienced tax and cost basis operations analyst to help position us for future growth and success. As an Analyst in Tax & Cost Basis Operations, you will be responsible for operational processing, correcting or updating cost basis while adhering to all applicable rules, regulations, and IRS guidelines.

What you’ll do

Periodic reconciliation of all transactions reportable on 1099-B, INT, DIV, MISC, OID, etc.
Identify and remediate cost basis breaks related to corporate actions, reclassification of income, wash sales, transfers, and other issues that may arise
Reconcile cost basis from CBRS, issue statements to non-CBRS participants, and process statements received
Process requests for updated cost basis and/or tax forms submitted by financial advisors, ensuring updates requested meet current cost basis regulations
Respond to escalated inquiries from the business
Review legislative updates, identify improvements and suggests changes to processes and procedures

What you’ll bring

3+ years as a subject matter expert in all facets of cost basis and consolidated 1099 reporting
Experience reconciling client tax and cost basis records
Detail oriented with the ability to prioritize workload to meet daily deadlines
Proficient in using Microsoft excel
Ability to manage multiple projects and meet tight deadlines for the firm
Ability to provide support for new and existing tax/cost basis services and products

Nice to have

Experience with vendors like Maxit/Scivantage, Wall Street Concepts, and FIS
FINRA licenses (Series 7, 99)

Dallas, TX salary range

$79,000—$107,000 USD

Benefits

Competitive salary and stock options
Premium Healthcare, Dental, and Vision insurance plans
Generous paid parental leave
401(k) savings plan with matching contributions
Flexible paid time off

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.