Fund Services Tax, Assistant Vice President

Who we are looking for

We are looking for bright, enthusiastic and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by well-developed procedures and controls. We offer you a challenging career in a rapidly expanding international company with a professional, yet casual, work environment. Focusing on tax accounting, reporting, compliance, tax research and writing, the candidate would within the team build positive client relations and identify and help in resolving a variety of tax issues.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Fund Tax services AVP you will:

• Calculates and reviews distributions (monthly, quarterly and year-end)
• Participates in special project such as funds merger distribution
• Review income estimates when needed for distribution purposes
• Review trust income tax returns and related working papers
• Research various tax issues and prepare memos
• Review year-end tax reporting slips for submission to CRA and unit holders
• Review stop loss and suspended loss reports and determine the final numbers in distribution
• Prepare year end customized client tax reporting
• Liaise with clients on various reporting deadlines
• Review CRA Notice of Assessments and determine response on Notice of Objection, T3 Adjustment and guide staff to prepare documents
• Prepare GST/HST Tax returns
• Follows up on news release on new or revised tax treaties between Canada and foreign countries
• LP products – involvement in gathering tax information from companies held in the portfolio, coordinate/liaise with Financial Reporting Analyst in computation of partnership income, communication of tax slip information to brokers and via CDS website
• Tax returns for Mutual Fund Corporation
• Reconciliation of various tax slip filings with CRA (e.g. T5s, T3s, T5008 etc.)
• Monitor tax legislation to ensure compliance
• Recommendations for improvements to tax reporting process and involvement in their implementation
• Take initiative in First Line of Defense in Risk Management
• Evaluates staffing needs while continually striving for greater efficiencies.
• Develop internal training classes with the training liaison.
• Completes other special projects or tasks assigned.
• Plays a key role in staff management.

What we value

• A professional accounting designation (CPA, CMA or CGA with TX2)
• An excellent accounting and tax background with minimum 7 plus years of experience in the public practice or financial service industry
• In-depth Income tax from CPA Institute is must
• Experience managing a team of professional tax accountants
• Additional experience related to exposure to complex tax issues surrounding the mutual fund industry
• Advanced computer skills (including Word, Excel and Taxprep and Formulatrix)
• Ability to research online with CCH tools
• Excellent communication skills that allows effective communication within the team and with the client
• Additional experience related to complex tax issues surrounding the mutual fund industry
• Sound knowledge of reorganization provisions of the Income Tax Act
• Familiar with FAPI Rules
• Familiar with Non-Resident Trust Rules

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$91,000 - $140,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

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