Manager, Tax - TD Asset Management

The Toronto-Dominion Bank (Canada); Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Tax Manager responsible for compliance across various investment funds. This position demands strong analytical skills, as well as expertise in managing tax issues in a fast-paced environment. Applicants must possess a degree in accounting and relevant tax experience. The company offers a comprehensive Total Rewards package including salary, health benefits, and career development opportunities.

Benefits

Health and well-being benefits

Career development programs

Paid time off

Qualifications

• 3-5 years of investment funds related tax experience.
• Demonstrated tax experience with mutual fund corporations.
• Experience in handling tax audits with minimal supervision.

Responsibilities

• Oversee funds' distribution review process as key contact.
• Review and file T3 tax returns for TD funds.
• Assist in establishing policies and controls for tax risks.

Skills

Strong analytical skills

Tax compliance experience

Relationship building skills

Attention to detail

Self-motivated

Proficient in Microsoft Office

Education

University degree in accounting or related

Completion of CICA in-depth tax courses I and II

Tools

Microsoft Excel

Tax databases

Job description

Description

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.

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.
• 4 days required in the office

Who We Are :

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches / stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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