Manager, Tax - TD Asset Management

Manager, Tax - TD Asset Management

Work Location: Toronto, Ontario, Canada

Hours: 37.5

Line of Business: Finance

Pay Details: $91,200 - $136,800 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

Job Description:

TD Asset Management (TDAM), a member of TD Bank Financial Group, is a leading North American investment manager offering progressive investment solutions to both institutional and individual investors. For over two decades, the organization has established competitive market positions in active, quantitative, and passive portfolio management. As of June 30, 2024, TDAM and its affiliates manage over $434 billion in assets on behalf of pension, insurance, endowment/foundation, and corporate clients, as well as high-net worth clients and retail mutual funds.

The Investment Funds Tax team is responsible for all tax matters including tax compliance, research, advocacy and issue resolution. 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.

Who We Are:

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow.

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.

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.

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.

Our Values: At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior.

Our Commitment to Diversity, Equity, and Inclusion: At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported.

Helping to Make an Impact in Communities – TD Ready Commitment: TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future.