Contractor - Cost Basis Associate

Job Title

Candidates MUST be local to Scottsdale, AZ or Valley Forge, PA - Role will be 100% Remote

Job Description

Summary:

Uses advanced cost basis acumen and skills gained through experience to provide superior client service on the most complex accounts, through accuracy, timeliness and department standards. Independently researches, provides analysis and recommendations on processing strategies with utilization of various systems, procedures and tactical techniques. Provides guidance, research assistance and training to Cost Basis associates. Provides assistance with statements audits, correspondence creation, analysis of reports and unit initiatives.

Duties & Responsibilities:

• Reviews client requests for accuracy, good order and adherence to regulatory guidelines for items of the highest complexity. Interacts with other areas of the division, as needed, to complete the client request timely and accurately.
• Calculates and maintains cost basis information for client holdings using proprietary software programs in accordance with Internal Revenue Service regulations and established Vanguard legal requirements and department procedures.
• Analyzes historical records and information provided by clients and other investment firms in order to reconstruct and/or verify the accuracy of cost basis information.
• Assesses corporate actions and determines the resulting cost basis implications. Validates systematically generated output to ensure accuracy and makes adjustments when disparities occur. Validates that cost basis data is maintained accurately in client facing resources and materials.

Qualifications:

Undergraduate degree or equivalent combination of training and experience preferred. Accounting/finance background, brokerage industry experience preferred. Brokerage product expertise preferred. Upskilling will be required in the reconciliation of Corporate Actions, Options, Margin accounting, Fixed Income, Convertible Securities, and other specialized brokerage products.

Ability to function as part of a team, learn quickly and adapt in a dynamic environment. Strong interpersonal skills. Excellent time management, problem resolution, research and communication skills. Computer proficiency required, ability to learn and utilize proprietary software programs preferred. Outstanding positive attitude with ability and willingness to effectively work within a team environment and give/receive constructive feedback. Ability to prioritize and handle multiple tasks in a rapidly changing environment.