Alpaca is a fast-growing series B fintech company that’s raised over $120 million in funding.
Alpaca is an API-first stock and crypto platform that enables developers and businesses across the world to build trading algorithms, applications, and brokerage services.
Our globally distributed team consists of developers, traders, and brokerage specialists, and is backed by a group of prominent investors and highly experienced industry angel investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Eldridge, Positive Sum, Elefund, and Y Combinator.
And, of course, we are very enthusiastic about open source contributions as well as community building.
The Alpaca Team:
We have 150+ globally distributed (remote) team members who love to work from their favorite places in the world. We have team members based in the USA, Canada, Hungary, Japan, Brazil, Spain, Philippines, Nigeria, UK, and more! We love candidates who have a passion for making a global difference in financial services and technology, by impacting local communities and becoming a part of our hyper-growth company.
Your Role:
The Operations Associate I - IRA Specialist will ensure timeliness and accuracy of IRA Tax statements, required annual IRA notifications, and other IRA processing and reporting such as contributions and distributions oversight. Knowledge of the IRA Publications 590-A and B are valuable for this position. A CIP (Certified IRA Professional), CISP (Certified IRA Securities Professional) or equivalent designation is a plus. The IRA specialist will work closely with the Global Tax Manager on several initiatives. A knowledge of retail tax statements, new accounts, monthly customer statements, and escheatment are a plus.
Qualifications:
- Knowledge of IRA documents/prototypes
- Experience with IRA Tax Reporting Forms
- Knowledge of IRA portability rules
- Working knowledge of IRA Transfer and Rollover processing and documents
- Understanding of IRA types
- Working knowledge of contribution deadlines
- Familiar with Prohibited transactions within an IRA
- Familiar with domestic retail and foreign account tax withholding and reporting
- Familiar with Escheatment processing and reporting
- Familiar with IRS Liens and Levies
- Familiar with monthly customer account statements
- FINRA Series 7 or 99 or the ability to obtain these licenses is a plus
Duties:
- Ledgie and ETC portal navigation
- Customer support for IRA related issues
- Audit of IRA account books and record activity versus the year to date tax statement which includes:
- Review of the appropriate reportable contribution and/or distribution codes
- Review of the cash transactions
- Review of stock movements
- Fair Market Value audit
- Calculation of RMD upon customer request
- Aide in potential testing as needed for future code versions
- As necessary, coordinate with the Cashiering Department for use of IRA distribution/contribution codes
- Review of Excess Contributions for courtesy customer reporting
- Communicate and coordinate any necessary data corrections or tax document corrections with ETC.
- Process and report escheatment assets for unclaimed property
- Process IRS Liens and Levies
- Preliminary and post monthly customer statement testing
- Assist New Accounts as needed
- Assist with additional operations duties as needed.
- Competitive Salary & Stock Options
- Benefits: Health benefits start on day 1. In the US this includes Medical, Dental, Vision. In Canada, this includes supplemental health care. Internationally, this includes a stipend value to offset medical costs.
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
- Work with awesome hard working people, super smart and cool clients and innovative partners from around the world
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
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What We Do
Alpaca's mission is to unlock asset management for the people. We are a technology company that modularizes the world’s asset management activities. Alpaca’s products enable anyone to build and connect applications and algorithms to buy and sell stocks with zero commissions. We believe that everyone should have fair access to financial markets, regardless of who we are or where we are from. *Securities are offered through Alpaca Securities LLC (alpaca.markets)*
