Operations Tax Specialist

Fidelity Canada; Toronto; On-site; CAD 50,000 - 70,000; Full time

Job summary

A leading financial services firm in Toronto is seeking an Analyst for their Tax Reporting team. The role involves tax slip production, document review, and liaising with tax authorities to ensure compliance with regulatory obligations. Candidates should have operational experience, knowledge of tax reporting processes, and strong communication skills. This position offers opportunities for career development in an inclusive working environment.

Qualifications

• 1-2 years of operational experience.
• Knowledge of Canadian and/or US reporting/filing processes.
• Experience in the brokerage industry or a clearing firm.

Responsibilities

• Timely and accurate tax slip production and distribution.
• Document review as needed for various tax forms.
• Interfacing with tax authorities for correspondence and audits.

Skills

Problem-solving skills

Client service skills

Communication skills

Attention to detail

Proficiency with Microsoft Excel

Education

University Degree or equivalent work experience

Tax related courses

Tools

Microsoft Excel

Broadridge's Dataphile platform

Job description

Job Description

Who We Are:

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and expertly.

Your Opportunity:

Fidelity Clearing Canada (FCC), founded in Toronto in 2009, provides Canadian registered brokerage firms and portfolio managers with trade execution, clearing, custody and back-office support.

The Tax Reporting team at FCC manages all aspects of tax reporting for our clients, including CDN plan/nonplan/estate reporting, QI obligations, US reporting, and FATCA/CRS obligations & reporting.

The team has 3 main areas of focus:

• Plan/Estate reporting
• Non Plan reporting
• QI/FATCA/CRS obligations & reporting

The Analyst, Tax Reporting executes on various functions in 1 or more of the 3 main areas of team focus and is expected to have some level of expertise in tax reporting. The role primary works with other analysts and senior analysts within the team but does liaise with other internal groups to ensure efficient and accurate processes that make the most sense from a client and regulatory aspect. The role will also get involved with Policy & Procedure creation/update, risk reporting, cross training, and other tasks as assigned.

What You Will Do:

Primary Functions

The Tax Reporting team is responsible for:

• Timely and accurate tax slip production & distribution to all clients, and filing with regulators
• Document review as needed (QI, NR, RC forms)
• Withholding tax remittance
• Various reconciliations to ensure appropriate and accurate tax reporting
• Interfacing with tax authorities for ongoing correspondence & audits.

The team also gets involved with projects, ranging from area specific to organization wide. They liaise with internal &/or external groups as applicable, to ensure efficient and accurate processes that make the most sense from a client and regulatory perspective. The roles within the team provide an excellent client experience and are responsible for ensuring FCCs brand and reputation are protected by adhering to Fidelity's compliance and risk framework.

Compliance and Risk Framework

The roles within the team follow procedures/guidelines and take proactive steps to:

• Maintain satisfactory internal and external Audit/Regulatory/Risk Ratings and Reviews
• Ensure all reporting is completed accurately on or before regulatory deadlines
• Stay current with regulatory environment governing tax responsibilities
• Identifying issues and risks (financial & regulatory)
• Ensure all internal and external tax accounts are reconciled

What We Are Looking For:

• 1- 2 years of operational experience
• Knowledge of Canadian &/or US reporting / filing processes, an asset
• Knowledge of QI/FATCA/CRS obligations/filing processes an asset
• Work within the brokerage industry or a clearing firm an asset.
• University Degree completed, or equivalent work experience
• Tax related courses, an asset.
• Industry courses such as CSC, CMH, CPA, etc., an asset.

What You Bring:

• Excellent problem-solving skills
• Excellent client service skills
• Excellent communication skills, written and oral
• Accurate, and detailed oriented
• Proficiency with Microsoft Excel
• Ability to work independently, and to manage competing priorities effectively
• Knowledge of Broadridge's Dataphile platform an asset

Fidelity Canada is an equal opportunity employer. Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process: Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process.