The Senior Manager, Investment Tax (Sr. Manager) oversees cross-border trading tax matters for Dimensional’s global investment products including monitoring treaty entitlements. The tax scope will be primarily the US products but will also include international tax matters encompassing a range of entity types and jurisdictions. This role manages and oversees projects with internal clients and external service providers.
Responsibilities:
Investment/Fund Tax
- Manages Article 63 (EU Reclaim) process with external tax advisors to ensure timely filing with respective EU country and proper allocation of refunds received.
- Leads preparation and review of US and international tax surveys, filings and checklists.
- Recommends investment product solutions through thoughtful analyses for client interest in Dimensional’s global product offerings.
- Stays abreast of current tax, accounting and reporting developments in the asset management industry
- Researches complex tax matters and determines impact to global trade operations.
- Communicates effectively with internal Accounting/Finance group members.
- Works with both the sales and portfolio management teams in creating client responses to investment related or security specific inquiries.
- Collaborates with Fund Finance to ensure invoices are allocated to the appropriate investment product.
- Manages delivery of key portfolio management information to internal parties including preparation of Investment Committee materials.
- Creates tax educational resources for the firm as part of a value-add initiative.
- Manages and contributes to ad hoc projects, as needed.
- Provides analysis of the tax impact to the funds in relation to management of the portfolio and investment strategy.
- Reviews and provides guidance, as necessary, with final recommendations for any inquiries related to trading and/or corporate action or complex transactions and assists portfolio management including review of all supporting documentation requirements.
- Leads planning and maintenance of global regulatory initiatives, i.e., FATCA, CRS, and BEPS
- Represents the investment tax team and provides guidance as part of new product or fund launch.
- Partners with Head of Investment Tax in special projects related to both US and non-US jurisdictions.
People Management
- Builds positive working relationships with third-party service providers to achieve consistent results.
- Leads, manages, and motivates employees. Supports a positive employee experience/engagement and culture.
- Establishes and effectively communicates the team’s objectives and goals. Includes setting individual employee objectives/goals and aligning them with the team’s goals.
- Plans and organizes workflows. Schedules, assigns, and delegates work/projects to members of the team or external vendors accordingly.
- Manages performance. Monitors progress and ensures goals are met. Trains, develops, and coaches team members. Assures the team adheres to company values and policies. Provides feedback; addresses unsatisfactory employee performance, behaviors, and/or attendance.
- Rewards and recognizes employee performance and accomplishments. Provides input into compensation decisions.
Process Improvement and Quality Management
- Develops and communicates standards.
- Identifies opportunities to streamline processes and improve controls to create a more efficient operating model.
- Ensures a safe and secure work environment.
- Enforces systems, policies, procedures, and productivity standards.
- Leads the team through the design and adoption of standard operating procedures and best practices. Drives to continuous business/process improvement and efficiency.
- Collaborates with the Fund Finance Management team to evolve investment tax services to better meet the needs of the business today and into the future, assists in trade-off decisions and team dynamics.
- Ensures both procedural and process documentation are complete and current.
- Innovates through new and existing technologies, along with experimenting with digitization solutions.
- Aids in planning and development of systems supporting tax calculations for global fund structures.
Project Management and Outcomes
- Ensures deliverable/results are achieved on time with high quality.
- Assigns work and deploys talent. Develops time management best practices.
- Delegates effectively.
- Fosters teamwork and collaboration.
- Manages relationships with key stakeholders
- Monitors and/or reviews tax reporting and compliance as prepared by tax service providers and fund administrators.
- Serves as a key point of contact for external communication related to client inquiries as well as internal explanations of complex tax concepts.
- Assists in the annual and semiannual financial reporting cycles with Fund Finance with respect to the independent auditors and matters relating to cross border trading.
Financial Management
- Manages vendor relationship utilization.
- Ensures timely processing of vendor invoices.
- Coordinates vendor contract approval process with the Legal Department.
Qualifications:
- CPA preferred, but not essential.
- Bachelor’s Degree in Finance, Accounting, or Tax.
- 10-12+ years of experience in a tax specialist role in the Investment Management industry.
- Strong working knowledge of US mutual fund and ETF structure and operations regulated under the 1940-Act, Subchapter M of the Internal Revenue code.
- Exposure to non-US fund structures including Canadian, UK, Irish, and Australian fund structures.
- Ability to work in a dynamic fast paced environment.
- Excellent verbal and written skills, with the ability to articulate and present a clear point of view on technical matters in clear, concise, and meaningful communications for various levels of the organization.
- Excellent time management and organizational/project management skills. Demonstrated ability to manage multiple projects and deadlines.
- Successful history of executing on strategic and operational initiatives
- Advanced Microsoft/Excel skills with ability to drive high quality financial presentations.
- Stays current and adapts to changes in the regulatory and technological environment.
- Strong research and analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making. Exercises independent judgment.
- Experience managing/leading employees with a track record of building, leading, and developing high-performing teams.
- Demonstrated ability to handle confidential, sensitive, and non-public information with discretion.
- Ability to build key relationships within Finance and other professionals across the organization. Highly motivated, participative, and collaborative team player with strong interpersonal skills.
