Senior Manager, Fund Financial & Tax Reporting

Fidelity Investments Inc.; Roanoke (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

Fidelity Investments Inc. is seeking a Senior Tax Manager to lead reviews of RIC tax workpapers, supervise staff, and ensure accurate tax provisions and disclosures for mutual funds.

The role involves handling complex derivatives taxation, collaborating with IT squads for system enhancements, and delivering timely tax deliverables in a fast-paced environment. Onsite work model is in effect; strong communication and regulatory adaptability are required.

Qualifications

• Bachelor’s degree in accounting, finance, or another business-related field.
• CPA or MST desired.
• 7+ years of experience in mutual fund tax operations, or related tax-specialty.
• Strong knowledge of Subchapter M, and common RIC book-tax differences.
• Broad knowledge of accounting and tax principles.
• Familiarity with tax research techniques.
• Ability to work in a fast-paced, deadline-oriented, team environment.
• Strong verbal and written communication skills.
• Ability to embrace and adapt to an ever-changing regulatory and technological environment.

Responsibilities

• Review detailed workpapers for Regulated Investment Companies, including tax provisions and disclosures.
• Support quarterly compliance tests and fund distribution calculations.
• Prepare 1120-RIC and Form 8613 tax returns and shareholder year-end tax deliverables.
• Share tax knowledge with staff on securities taxation and derivatives.
• Collaborate with IT Development Squads to implement system enhancements and increase efficiency.

Skills

Verbal and written communication

Deadline oriented

Team environment

Education

Bachelor’s degree in accounting/finance

CPA or MST desired

Job description

Job Description

Fidelity will not provide immigration sponsorship for this position.

The Role

The Senior Tax Manager is primarily responsible for performing detailed reviews of the workpapers for Regulated Investment Companies, including fiscal and excise tax provisions, annual financial statement disclosures, quarterly compliance tests, fund distribution calculations, 1120-RIC and Form 8613 tax returns, and shareholder year-end tax deliverables. In addition, as a Senior Tax Manager, you will share your knowledge with staff-level associates on securities taxation and complex derivatives including futures, swaps, and options. Additional responsibilities include working with our IT Development Squads to solution system enhancements and create operational efficiencies.

The Expertise And Skills You Bring

• Bachelor’s degree in accounting, finance, or another business-related field
• CPA or MST desired
• 7+ years of experience in mutual fund tax operations, or related tax-specialty
• Strong knowledge of Subchapter M, and common RIC book-tax differences
• Broad knowledge of accounting and tax principles
• Familiarity with tax research techniques
• Ability to work in a fast-paced, deadline-oriented, team environment
• Strong verbal and written communication skills
• Ability to embrace and adapt to an ever-changing regulatory and technological environment

The Team

The Tax Team is part of the Fidelity Fund and Investment Operations (FFIO) business unit, which provides accounting and investment management support services to Fidelity businesses and mutual fund shareholders. The Tax team, along with the Shareholder Reporting Team, makes up the Fund Administration Group within FFIO. The primary responsibilities of the team include providing tax compliance services for US 40-Act mutual funds, Canadian mutual fund trusts, and alternative investment products. The Tax Team works closely with several different operations teams and internal business partners including Shareholder Reporting, Compliance, Legal, and Fund Treasury.

Fidelity’s Onsite Working Model

Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

Certifications

Category:

Investment Operations

Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.