Manager, Taxation

Onex; Toronto; On-site; CAD 115,000 - 180,000; Full time

Job summary

An established industry player is seeking a Tax Manager to join its dynamic team in Toronto. This role involves overseeing tax compliance and reporting for various investment funds, collaborating with external advisors, and ensuring adherence to tax regulations. The ideal candidate will have a strong background in tax, excellent analytical skills, and a commitment to continuous improvement. Join a forward-thinking company that values collaboration and diversity while providing opportunities for professional growth and development in the financial services sector.

Qualifications

• 4+ years of relevant experience in a tax role.
• Proficiency in tax compliance and reporting.
• Strong communication skills and attention to detail.

Responsibilities

• Oversee external tax administrators for Canadian and U.S. tax reporting.
• Prepare quarterly tax provisions for corporate financial statements.
• Collaborate with external tax advisors on compliance and reporting.

Skills

Tax Compliance

Tax Reporting

Microsoft Excel

Tax Analysis

Attention to Detail

Education

University degree in Accounting

CPA designation

Tools

Tax Prep Software

Job description

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Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe.Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms, Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, public credit and public equity strategies. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high net-worth individuals. In total, Onex has $51.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. We generate value for our shareholders through two segments: Investing and Asset Management.

THE OPPORTUNITY:

Reporting to the Director, Tax based in Toronto, the Tax Manager will be a valued member of a team of tax professionals responsible for tax compliance for Onex Corporation, Onex management companies and Onex investment funds. As Tax Manager, your focus will be responsible for fund tax reporting for various Onex asset management investors and corporate tax support for Onex Corporation.

WHAT YOU WILL DO:

• Oversight of our external tax administrators for outsourced tax services including: Canadian and U.S. tax reporting (partnerships, trusts, corporations, foreign reporting).
• Collaborate internally on the delivery of tax slips/reports to investors.
• Work collaboratively with the fund administrators on tax cost adjustments and oversight on tax reporting produced by fund transfer agents (T3, NR4, RL16).
• Provide ad-hoc tax analysis and tax advice related to product initiatives.
• Document and review policies/procedures and recommend/implement process improvements as required.
• Lead and manage annual outsourced tax deliverables.
• Liaise with various external parties such as external auditors, external tax advisors, Investment Advisors, and Investment Dealers.
• Review and resolve tax correspondence received from tax authorities (including CRA, IRS, etc.).
• Corporate Taxation:
• Prepare quarterly tax provisions to support tax position on publicly issued consolidated corporate financial statements
• Collaborate with external tax advisors and internal finance and tax team members in the development and preparation of Pillar II tax analysis
• Communicate with government auditors and financial statement auditors and respond to audit requests.
• Support team to analyze and model the Canadian tax implications of foreign affiliate (‘FA’) transactions including foreign affiliate dissolution planning
• Coordinate internal and external teams (tax and legal advisors) of professionals to ensure timely and accurate implementation of FA transactions.
• Calculation and review of calculations of foreign accrual property income (FAPI)
• Assist with Canadian/international tax compliance and reporting including surplus & ACB calculations, excluded property analysis, T1135 and T1134 forms review.
• Review Canadian and U.S. partnership tax reporting for Onex Private funds as prepared by tax advisors.
• Review of HST filings for Onex entities/funds, including annual SLFI filings.

WHAT YOU WILL BRING:

Professional Characteristics

• CPA designated or successfully passing the CFE is preferred
• University degree in accounting, finance, mathematics, business or commerce
• Ideally possess a minimum 4 plus years of relevant experience in a tax role or a strong interest in tax
• Attention to detail and good communication skills necessary
• Proficiency in Microsoft Excel is preferred
• Experience with Tax Prep suite of products or another tax preparation software considered an asset
• Ability to self-start, multi-task, and meet deadlines
• A willingness to learn
• Entrepreneurial, team-oriented work ethic and personality

Personal Characteristics

• Judgment and Flexibility: Thinks about issues and develops solutions that thoughtfully take the broader context into account. Positively deals with shifting demands for time, priorities, and the rapid change of your environment
• Ownership and Initiative: Takes ownership for and “rolls up sleeves” to meet objectives
• Excellence: Demonstrates accuracy and thoroughness. Ensures quality and demonstrates strong attention to detail and follow-through.
• Commits to implementing best practices and continuous improvement
• Presentation: Clearly and confidently communicates and presents complex concepts, analysis, ideas, and information internally and externally
• A pattern of excellence, both personally and professionally, demonstrated by the individual’s education, career track record, intellect, and professional reputation
• A high standard of integrity and ability to maintain the highest degree of confidentiality
• A strong work ethic and seeks to complete work effectively and efficiently

Onex is led by our CEO, Bobby Le Blanc, as well as experienced leaders at each of our businesses. We have over 120 investment professionals across all platforms, supported by approximately 170 professionals dedicated to our corporate functions and investment platforms, including our institutional and high net worth relationship professionals. Consistent with our One Onex approach, the teams share and leverage sector expertise, and sourcing and origination opportunities across all business lines.

Our culture is guided by our strong commitment to accountability, intellectual honesty and respect for all our partners and stakeholders. Onex was formed on principles of entrepreneurialism and responsible investing and our team is united in recognizing the value of collaboration, diversity of perspective and background, and an inclusive environment. Our team is a critical factor in our success, and attracting and retaining the best people and strongest investors are an important competitive advantage.

Also crucial to our long-term success is the alignment of interests between the Onex management team, shareholders and clients. Members of our management team have a significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both clients and shareholders.

Diversity Equity & Inclusion:

Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investor and asset manager. We believe that diverse perspectives create better outcomes for us and our stakeholders, including the companies we invest in, our shareholders, investors and clients, as well as the communities we serve.

Onex’ commitment to diversity and inclusion includes increasing our focus on attracting and retaining employees from diverse backgrounds, creating additional awareness of diversity issues and benefits, fostering and inspiring a more supportive environment where inclusivity is expected and prioritized, and embedding accountability for diversity throughout the firm.

Onex’ Diversity & Inclusion Leadership Council, which is co-chaired by our President and our Head of Shareholder Relations and Communications, includes representation from across all business platforms and geographies. The Council is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.

As a public company, we are committed to delivering value for all of our stakeholders – our shareholders, investors, employees, operating companies and the communities in which we operate. Responsible governance throughout Onex and across our platforms is fundamental to the success of our organization. We hold ourselves to the highest standards of good governance, which builds trust and confidence in our stewardship of capital.

Consistent with our long-held belief that responsible investing is both the right approach to investing, as well as a driver of meaningful stakeholder value, we continue to make enhancements to our environmental, social and governance (“ESG”) program. Recent initiatives include the addition of resources to our ESG team and progress on our efforts to measure carbon emissions across Onex and our investment platforms. To remain aligned with emerging best practices, we participate in several industry initiatives, including the ESG Data Convergence Initiative, Initiative Climat International (“iCI”), the Principles for Responsible Investment (“PRI”), the IFRS Sustainability Alliance and FCLT Global, among others. We expect our program to continue to expand in line with this rapidly evolving area, while remaining rooted in our founding principle of responsible investing.

Onex is committed to fostering an inclusive and accessible workplace. If you require accommodations at any stage of the recruitment process, please contact [e-mail].

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Investment Management and Financial Services

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