Senior Manager, Wealth Management Taxation - Toronto or Southwest Ontario

Scotiabank • Toronto, ON

13d • Hybrid

About The Position

The Senior Manager, Wealth Management Taxation plays a key role in supporting wealth advisors, planning specialists, and banking partners across Scotia Wealth Management by providing tax planning expertise and enhancing the delivery of the Total Wealth offering. This role involves collaborating with a team of advanced planning specialists to provide tax and estate planning strategies to complex high net worth (HNW) and ultra-high net worth (UHNW) clients as part of a holistic wealth planning process. The incumbent will consult and discuss with advisors and their clients regarding tax, trust and estate, intergenerational wealth transfer, business transition and succession, insurance, philanthropy, and education planning strategies. Occasionally, the role may involve participating in business development activities and prospective client meetings, capturing and socializing success stories, and identifying opportunities to enhance service offerings.

Requirements

• Excellent verbal and written communication and presentation skills with the ability to adapt communication style based on audience, taking complex technical tax and legal concepts and communicating them in plain language when necessary
• Strong inclination towards strategic competencies – thinking, relationships, and influencing – that will support the ability to be innovative and evolve the Advanced Planning and Services offering
• The incumbent must be well suited to working independently and within a team environment
• Some national travel will be required to attend internal meetings in support of the business as well as attend conferences
• Federal and provincial/territorial income tax law pertaining to individuals, trusts, and private corporations
• Taxation of Canadian Controlled Private Corporations (CCPCs) and their shareholders, and related planning issues such as business transition and succession, corporate reorganizations, intergenerational wealth transfer, and various corporate transactions
• Tax issues related to individuals, estates and trusts, and applicable planning
• Tax strategies involving the use of life insurance for individuals and their private corporations
• Tax strategies related to philanthropy, leveraging, and education planning
• Uses and issues related to legal documents, such as wills, power of attorneys, trust agreements, shareholder agreements, franchise agreements, etc.
• The ability to read and interpret financial statements and personal, trust, and corporate income tax and information returns
• Knowledge of U.S. income, estate, and gift taxation and related issues
• University degree
• Professional designation (e.g., CPA, JD/LLB)
• CPA Canada In-Depth Tax Program or MTax degree
• At least 7 years of experience in a professional organization providing tax planning and compliance for HNW and UHNW clients

Nice To Haves

• Other professional designations (e.g., TEP, CFP, F.Pl., CLU)
• In-Depth Tax Issues for the Owner-Managed Business course
• Solid understanding of financial products and services they are helping advisors to support
• Solid knowledge of marketplace and competitive practices

Responsibilities

• Collaborating with a team of advanced planning specialists to provide tax and estate planning strategies to complex high net worth (HNW) and ultra-high net worth (UHNW) clients as part of a holistic wealth planning process that clients may then consider and implement with their own tax and legal advisors
• Consulting and discussing with advisors and their HNW and UHNW clients pointed tax information and guidance highlighting options regarding tax, trust and estate, intergenerational wealth transfer, business transition and succession, insurance, philanthropy, and education planning strategies to consider, which may then be implemented with their own tax and legal advisors
• Occasionally participating in business development activities and prospective client meetings
• Capturing and socializing success stories connected to client engagements
• Continuously identifying opportunities to enhance the Advanced Planning and Services and the Wealth Management Taxation teams’ service offerings

What This Job Offers

• Job Type: Full-time
• Career Level: Senior