Cost Basis Specialist

Job Description:

The Role

The Senior Representative, Brokerage Operations Tax supports client inquiries and maintains client cost information for purposes of providing accurate cost basis and gain/loss information on our tax statements and client channels. The Senior Representative provides cost basis research, lot cost updates, and explanation of cost basis calculations to institutional and retail clients by processing service requests and providing subject matter expertise over the telephone. We also look for ways to improve the client experience, reduce client effort, and drive efficiency.

• Working knowledge IRS cost basis/regulations and the ability to communicate them to clients
• Ability to answer client inquiries over the phone
• Ability to analyze complex positions activity and perform cost basis adjustments using spreadsheets and manual calculations
• Effective communication when resolving issues and providing exceptional customer service
• An understanding of the unique needs of each business group supported by the organization
   

The Expertise and Skills You Bring

• 1-3 years of proven experience working in financial services industry preferred
• 1+ years of inbound call center experience
• Prior cost basis reporting experience and processing in a high-volume seasonal tax environment preferred
• Strong analytical skills
• Strong customer service skills

Note: Fidelity will not provide immigration sponsorship for this position.

The Team

The Cost Basis Service team receives phone calls and processes service requests to support the tracking of tax and cost basis information, which is necessary to accurately report information on IRS form 1099 for retail, institutional, and correspondent customers. The goal of the team is to ensure accurate tax reporting while improving scalability to support a growing customer population while providing the best customer experience in the industry.

Certifications:

Category:Brokerage Operations

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.