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.
For External Candidates:
Candidates must work in-office at one of the following locations for at least 3 days per week: Omaha, NE.
For Internal Candidates:
All internal employees, regardless of their current work arrangement (remote or in-office), are encouraged to apply.
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
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Salary Range:
$19.82 - $26.16The 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.
About Us
At Orion, we achieve our best work when we support one another, staying personally accountable to each other and the clients we serve. We create a welcoming environment where everyone is respected, valued, and heard. Our commitment to create raving fans ensures we consistently exceed client expectations. Thinking differently is in our DNA—we innovate always, push boundaries, and reject the status quo to deliver transformative outcomes. Together, we support one another and see it through to success, driving our collective achievements and those of our clients.
Top Skills
What We Do
Orion is a wealthtech powerhouse delivering an integrated suite of fully connected, disruptive technology and investment solutions on an open architecture platform.
Our tech-enabled fiduciary process empowers financial advisors to seamlessly attract new clients, connect planning goals to investment strategies, and help achieve each investor’s unique definition of financial success.
Orion is committed to understanding the needs of growth-minded advisors which directs our M&A and product development strategies. We’ve made it our goal to seamlessly connect each stage of the advisor-client relationship with solutions that are fully connected yet provide the flexibility and choice to be adopted in its entirety or as stand-alone components that complement existing capabilities.
Combined, our brand entities, Orion Advisor Tech, Orion Portfolio Solutions, Brinker Capital Investments, Redtail Technology, and TownSquare Capital, create a complete offering that empowers firms to broaden their offering, increase efficiency, and spur growth.
Supporting over 5 million technology accounts and thousands of independent advisory firms, Orion is the platform of choice for all growth-focused advisory firms looking to strengthen their client relationships, gain a competitive edge in a crowded marketplace, and build strong, profitable businesses
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Orion is committed to having a diverse and inclusive workforce. Individuals seeking employment at Orion are considered without regards to age, color, disability status, ethnicity, genetic information, national origin, race, religion, gender, sexual orientation, gender identification, veteran status or any other factor protected by law.
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