Manager, Tax - TD Asset Management

TD•Toronto, ON

5d•Hybrid

About The Position

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and alternative investments (including real estate, infrastructure and private debt). Asset management businesses at TD manages more than $400 billion in assets. The Investment Funds Tax team is responsible for all tax matters including tax compliance, research, advocacy and issue resolution. Position Summary: The Tax Manager is responsible for tax compliance for more than 260 funds including mutual funds, pooled funds, segregated funds, limited partnerships, exchange traded funds and a mutual fund corporation administered by a third-party administrator. This is a hands-on position that primarily focuses on investment funds in Canada and reports to the Head of Tax- Investment Fund. Development opportunities will be available for offshore alternative funds.

Requirements

University degree in accounting, taxation, or a related business administration discipline.
3-5 Years investment funds related tax experience in a major accounting firm, asset manager or fund administrator.
Demonstrated tax experience with mutual fund corporations, partnerships, trusts, regulated investment entities, various security types and derivatives.
Experience in handling tax audits and resolving tax issues with minimal supervision
Strong technical research, analytical and problem-solving skills.
Strong communication, teamwork and relationship building skills.
Strong organizational skills and ability to consistently meet tight compliance deadlines.
Self-motivated person who can take initiative to improve tax related processes and procedures.
Proficient with Microsoft Excel, Word and MS office applications; and with tax databases and applications.

Nice To Haves

Enrolment or completion of CICA in-depth tax courses I and II is an asset.

Responsibilities

Responsible for overseeing funds' mock and year-end distribution review process by acting as a key contact person to liaise with fund administrator, external tax advisors, and internal wealth management business partners.
Understand the fund accounting and the implication to tax distribution.
Review and file T3 tax returns and related tax forms for TD funds prepared by external tax advisor.
Knowledge of the investment fund industry and familiarity with various asset classes including mutual fund trusts and mutual fund corporations.
Review HST returns and PFIC factors.
Primary contact for foreign tax agents and ensure tax compliance in foreign jurisdiction.
Track and maintain proper audit trail of tax issues and matters.
Ensures proper follow through and issues resolution.
Reviews certain corporate actions for proper treatment.
Provide advice on the proper handling of complicated corporate actions.
Work closely with external auditors on year end and interim audits from a tax perspective, and with tax authorities on notice of assessments, audits and other tax matters.
Assist in reviewing tax-related disclosures in fund prospectuses, offering documents, and related legal documents.
Respond to tax inquiries from internal business partners. This includes maintaining strong relationships with TD Corporate Tax and TD Wealth Tax Operations.
Assist in establishing and maintaining proper policies, procedure and ensure controls are executed in managing tax risks.
Work with vendor manager to handle engagement letters, fee approvals and vendor performance.
Keep abreast of and provide timely notification of upcoming, pending, and approved tax legislative changes.
Strong attention to detail and ability to work with precision and meet tight deadlines.