Manager, Tax - TD Asset Management

Description

TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors.

For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management.

As of June 30, 2024, TDAM and its affiliates manage over $434 billion in assets on behalf of pension, insurance, endowment / foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

In attaining this client commitment, TDAM has built one of Canada’s largest and most respected investment management and research teams with more than 220 Portfolio Managers, Associate Portfolio Managers, Traders and Analysts.

The Investment Funds Tax team is responsible for all tax matters including tax compliance, research, advocacy and issue resolution.

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.

The Key Responsibilities / Duties :

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.

Position qualification requirements

• University degree in accounting, taxation, or a related business administration discipline. Enrolment or completion of CICA in-depth tax courses I and II is an asset.
• 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.

Hybrid : Please note employees will be going to 4 days in the office March 2025

Who We Are :

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience.

With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow.

Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.

In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals.

Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information :

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.

to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only) :

Sans Objet