Director of Mutual Tax Fund

Full time
$200k - $250k and up to 80% bonus
illinois 01/11/2017   Full time $200k - $250k and up to 80% bonus

Over $ 200b AUM and a global asset management and investment advisory division, with expertise in fixed income, equity, and alternative strategies is currently looking for Director of Mutual Fund Tax.

Job Description

Company is seeking an exceptional candidate to join its mutual fund administration team as the Director of Mutual Fund Tax, reporting to the Managing Director of Mutual Fund Administration. This person will be responsible for all aspects of mutual fund tax, including compliance, strategy and planning, liaison with business units and oversight of 3rd party tax service providers. The ideal candidate will have an extensive background in 1940 Act fund taxation. Main duties and responsibilities will include:

  • Direct all aspects of the 1940 Act Funds' ("Funds") tax matters
  • Coordination and oversight of the 3rd party tax service provider utilized by the Funds
  • Act as primary tax liaison with outside tax advisors, consultants, auditors, and fund administrators
  • Keep current on emerging tax issues that impact the Funds, actively participate in the industry
  • Coordinate with internal departments to ensure that the tax issues, policies and guidelines are understood and implemented correctly
  • Develop a strong working relationship with portfolio management teams and pro-actively
  • provide the teams with the necessary reporting to assist in the dividend / excise tax management of the Funds
  • Ensure the appropriate level of documentation is created and maintained to support analyses performed, decisions made and conclusions reached
  • Prepare/review tax disclosure for insertion in financial statements
  • Assist in monitoring book/tax differences such as PFICS, wash sales, straddles, contingent debt, equity/debt determination, REITS, MLP's etc.
  • Review adequacy of tax provisions on taxable MLP funds
  • Perform tax research, advice and analysis for current and potential products (i.e. swaps, publically traded partnerships, derivatives, etc.) including keeping appraised of developments and industry issues; draft tax position memos as needed
  • Perform FIN 48 analysis Review and maintain monthly and quarterly tax compliance, IRC diversification, income tests, etc.
  • Enhance/develop internal tax policies/procedures and automation solutions
  • Assist in the training and development of portfolio administration staff on tax matters

Submit your resume today and Tom Smith will review within 48 hours of submittal. If you are deemed suitable, you can expect a callback within 72 hours of submission.

The Successful Applicant

In return for a competitive remuneration package, you will possess the following:

  • A minimum of 15 years of mutual fund taxation experience with at least 5 years in a management / leadership capacity
  • Undergraduate degree in accounting and CPA certification is required.
  • A masters in tax or
  • LLM is desirable
  • Financial services industry experience is highly preferred
  • Demonstrated ability to research tax issues
  • Knowledge of financial product taxation issues (e.g., taxation of derivatives, PFICs, REITs,
  • Debt, etc)
  • Ability to apply common sense understanding to specific tax matters
  • Strong technical skills
  • Effective written and oral communication skills
  • Proficiency in Excel and Word

What's on Offer

  • $ 200,000 to $ 250,000 base salary as a rough guide.
  • Up to 80% bonus
  • Extremely competitive benefits
  • Director title
REF: MP/1259496
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