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Manager Tax, Cryptocurrency Reporting in New York at PayPal

Date Posted: 9/3/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    New York
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/3/2021
  • Job ID:
    R0071744

Job Description

At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. We’re a purpose-driven company, and our beliefs are the foundation of how we conduct business every day. We’re guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Collectively, these values inspire us to work together as One Team with our customers at the center of everything we do, and to take care of ourselves, each other, and the communities in which we live and work. We challenge the status quo, ask questions, and find solutions. Join us as we enable the hopes, dreams, and ambitions of millions of people around the world.

As the Customer Information Reporting Manager for PayPal’s Blockchain, Crypto and Digital Currencies (BCDC) unit, you will help shape the foundation for the next generation of financial services. You will work with a globally distributed, diverse, cross-functional team to create a more accessible, efficient, and inclusive way to perform commerce. In this role, you will ensure overall compliance with reporting, remediation and change management initiatives related to the preparation and filing of IRS 1099-B Forms and other tax reporting requirements in Canada, UK and other jurisdictions We are looking for someone with the ability to work with cross-functional partners to prepare and review forms submitted to customers, the Internal Revenue Service and local revenue authorities.

Responsibilities:

  • Oversee data preparation, review, processing and distribution of information returns related to cryptocurrency products in all countries where products are offered.
  • Act as a subject matter expert in the production and review of IRS 1099-B, Forms, Canadian T5008 and other transaction reports and local tax filings for cryptocurrency reporting.
  • Ensure compliance with IRS information reporting requirements and electronic filings, corrections, B-notices.
  • Develop process and procedures to ensure compliance with cryptocurrency and digital asset transfers across geographies, product and business lines.
  • Maintain highly effective partnerships with impacted business areas and related processes that impact compliance related to cryptocurrency reporting.
  • Develop and oversee quality assurance measures to ensure accuracy of data submitted to customers and revenue authorities.
  • Support initiatives related to system development and remediation activities to ensure regulatory compliance, process improvements and risk mitigation.
  • Effectively assess external customer and internally directed complaints and inquiries for potential compliance impacts and work with the appropriate Compliance contacts, customer response teams, and/or line of business associates to identify regulatory issues and help businesses resolve customer concerns.

Qualifications

  • BS/BA from an accredited institution and CPA, MBA or JD preferred.
  • 10 years experience with IRS rules, regulations, and guidance relating to all types of US and global information reporting and/or withholding regimes.
  • Detailed knowledge of processes used to fulfill IRS information reporting requirements and electronic filings, corrections, B-notices, calculation of basis and gains and losses.
  • Cryptocurrency/blockchain experience required
  • Proven experience using data to inform decision making.
  • Strong project management skills.
  • Analytical and verbal and written communications skills.
  • Ability to work and communicate well with various levels of management
  • Proficiency with Excel, Teradata, SQL.

For more than 20 years, PayPal has remained at the forefront of the digital payment revolution. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, our open digital payments platform gives PayPal’s 400 million active account holders the confidence to connect and transact in new and powerful ways. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying, or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

R0071744