Tax Manager

Toronto, Canada
23 Mar 2023
31 Mar 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are:

FNZ Group is an established and rapidly growing company in the financial technology sector. We partner with the entire industry to make wealth management accessible to more people. Today, we partner with over 650 financial institutions and 8,000 wealth management firms, enabling over 20 million people across all wealth segments to invest in the things they care the most about, on their own terms. We have over 20+ offices globally with 4500 employees (and growing!).

To learn more about us and our journey, check out our careers site .

What would you accomplish as a Tax Manager ?

This Tax Manager is a brand- new role at FNZ. It is a critical managerial role on our North America n Investment Operations team . You will need to showcase s uperior team communication skills and confidence in partnering with internal and external clients. You will bring your excellent organizational, administrati ve and time management skills. You will be expected to take initiative in a client and delivery focused environment, ha ve superior analytical skills and a self-directing working style.

The Tax Manager would be responsible for daily management, control and oversight of tax operations team inc luding oversight of team tasks, client interaction, and team development. You will be an expert in the FNZ Wealth solution and client tax workshop for new platform implementations, capturing all customer configuration points in service configuration documents . You will provide propositional leadership and support for client onboarding, building capability, and providing support for other members of the team.

This Tax Manager will provide leadership , oversight, and expertise in the following areas:

  • Knowledge of US Tax regulations, US wealth management and/or financial industries , concepts of taxation on corporate actions, wash sales, IRA contribution and RMD rules and required withholding.
  • Knowledge of best practices to process and reconcile tax withholding payment s and filing with tax authorities.
  • Oversee the analysis of transactional data and adjust as necessary in prepar ation of 1099 forms and reports for wealth customers .
  • Fixed income a mortization, accretion , factoring and income recognition rules in accordance with IRS regulations.
  • Partner with external parties such as tax data providers and tax authorities to achieve desired outcomes.
  • Able to operationalize tax regulations and management of tax processes.
  • Able to articulate tax operations to various audience s (e.g., external client or internal stakeholders) .
  • Document bespoke customer requirements understanding the impact of these changes and support delivery/technology team with design solutions.

What we are looking for:

  • Bachelor's degree in finance, business management, or other related disciplines .
  • At least 5 years of experience in a US financial service and/or wealth management market .
  • Experience in Security Taxation and technology platform services, including, but not limited to :

1. IRA accounts, contributing and RMD rules

2. Cost basis and tax lot rules

3. Corporate Actions

4. Wash Sales

5. Fixed income amortization and income recognition

  • An understanding of the IRS regulatory environment and a good working knowledge of handling regulatory tax change requirements .
  • General investment/wealth/ retirement and pensions products experience within the US market.
  • Investment platform expertise .

What are the preferred skills:
  • Prior experience working in a Custody environment and/or company.

  • Working knowledge of trust accounting , UPIA and 1041 tax returns a plus.

What we offer:

  • We are mission led - work at the heart of a purpose-led organization, where you can be proud of the impact you make, every day. Where you'll transform the way over 20 million people invest, making wealth management more accessible, sustainable and transparent to more people.
  • Rapid career growth - encouraged to take on responsibility, play a part in the evolution of the company and rapidly drive your career development working on real projects that directly impact our clients and their customers.
  • Market leading technology - Build, create and evolve innovative solutions for the world's most trusted brands using the latest technologies to help change the face of investing for the future
  • Learning & development - Placing emphasis on a willingness to learn, to think differently, to be creative and to help drive innovation.
  • A competitive base salary, bonus, and paid time off.
  • FNZ will match pension plan contributions at 150%,up to 4% total Employee Contribution.
  • M edical, dental and vision insurance, and more.
  • 26 weeks of primary and secondary parental caregiver leave at full salary.
  • Fulfilling mentor and leadership opportunities.
  • A positive work environment with a sense of purpose to share knowledge and skills amongst other colleagues.

At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner without regard to gender, ethnicity/race, faith, age, nationality, gender identity, sexual orientation, marital status, socio-economic background, disability or military veteran status where all applicants and employees are valued and respected.

In addition, we want to ensure accessibility needs are well supported, if you require specific support, please advise us.
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