Tax Analyst
Manulife, Boston, MA, United States
Overview
Under manager supervision, completes complex tax compliance work for the mutual funds, which involves preparation and review of federal and state tax provisions and returns. Responsibilities
Prepares and reviews more complex fiscal year-end tax provision/audit workpapers along with all supporting schedules, worksheets, and documentation needed to support determination of fiscal and calendar distribution requirements. Prepares and reviews more complex income and excise tax returns for the mutual funds. Reviews portfolio holdings for PFIC, REIT, partnership, complex and derivative securities. Analyzes the tax treatment of complex derivative securities, partnerships, trusts, REITs, and PFICs. Maintains a schedule of identified securities that have special tax treatment. Responsible for earnings and profit calculations for assigned mutual funds as required. Analyzes tax adjustments such as RIK, wash sales, POL, OID, market discount, CLCFs, PFICs, REITs, ROC, straddles and hedges, options, futures, and forwards. Reviews adjustments including 988 and 1256 adjustments, deferred compensation, partnership, and other security level and fund level adjustments. Analyzes book/tax differences for impact on distributions for excise and fiscal years. Performs review of custodial bank’s corporate action adjustments summary to ensure proper treatment and cost allocation. Assists in strategic planning, scheduling of workflow assignments and procedural reviews. Interacts with Treasury, Financial Reporting, Investment Operations, custodian banks, Compliance, and Portfolio Managers. Supports IT and Project Management Group to develop software solutions for Tax. Assists Fund Tax managers in the development and implementation of internal controls for risk mitigation, including preparation of written policies and procedures. For each fund’s semi-annual period end, updates the tax disclosure and tax sections in the shareholder report as directed and reviewed by Tax Manager. Responsible for calculating/reviewing qualified dividend distribution calculations, foreign tax credit and impact of securities lending for assigned mutual funds as needed. Prepares foreign tax returns as necessary. Responsible for preparing schedules for any potential fund mergers, including pre and post security holdings analysis, analysis required under IRC Sections 381-384, capital gain/loss carry-over analysis and built in gains or loss analysis. Responsible for preparation and/or review of RIC qualification for all assigned mutual funds. Trains Tax Analysts as needed and serves as mentor for complex tax accounting issues and questions. Analyzes and completes year end 1099 and shareholder reporting data. Responsible for staying current in the area of taxation and recognizing possible impacts of new tax law. Performs research of complicated tax issues to reach sound conclusions. Proactively identifies and makes recommendations for tax strategies. Participates in committees or task-force groups. Complies with all internal controls. Qualifications
Bachelors degree in Accounting or Finance. 2-4 years prior tax or mutual fund accounting experience necessary. Knowledge And Skills
Ability to understand financial statements and related reports and spreadsheets. Proficiency in Microsoft Excel, use of macros, and Word required. Understanding of mutual fund related tax code sections, forms and elections, and tax adjustments of securities. Must be able to demonstrate knowledge of standard RIC tax adjustments. Ability to communicate well across all mediums and with both internal and external relationships. Organizational skills necessary to meet deadlines, prioritize projects, and process several projects simultaneously. Strong analytical skills and ability to work well in a changing environment. Manulife is an Equal Opportunity Employer.
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Under manager supervision, completes complex tax compliance work for the mutual funds, which involves preparation and review of federal and state tax provisions and returns. Responsibilities
Prepares and reviews more complex fiscal year-end tax provision/audit workpapers along with all supporting schedules, worksheets, and documentation needed to support determination of fiscal and calendar distribution requirements. Prepares and reviews more complex income and excise tax returns for the mutual funds. Reviews portfolio holdings for PFIC, REIT, partnership, complex and derivative securities. Analyzes the tax treatment of complex derivative securities, partnerships, trusts, REITs, and PFICs. Maintains a schedule of identified securities that have special tax treatment. Responsible for earnings and profit calculations for assigned mutual funds as required. Analyzes tax adjustments such as RIK, wash sales, POL, OID, market discount, CLCFs, PFICs, REITs, ROC, straddles and hedges, options, futures, and forwards. Reviews adjustments including 988 and 1256 adjustments, deferred compensation, partnership, and other security level and fund level adjustments. Analyzes book/tax differences for impact on distributions for excise and fiscal years. Performs review of custodial bank’s corporate action adjustments summary to ensure proper treatment and cost allocation. Assists in strategic planning, scheduling of workflow assignments and procedural reviews. Interacts with Treasury, Financial Reporting, Investment Operations, custodian banks, Compliance, and Portfolio Managers. Supports IT and Project Management Group to develop software solutions for Tax. Assists Fund Tax managers in the development and implementation of internal controls for risk mitigation, including preparation of written policies and procedures. For each fund’s semi-annual period end, updates the tax disclosure and tax sections in the shareholder report as directed and reviewed by Tax Manager. Responsible for calculating/reviewing qualified dividend distribution calculations, foreign tax credit and impact of securities lending for assigned mutual funds as needed. Prepares foreign tax returns as necessary. Responsible for preparing schedules for any potential fund mergers, including pre and post security holdings analysis, analysis required under IRC Sections 381-384, capital gain/loss carry-over analysis and built in gains or loss analysis. Responsible for preparation and/or review of RIC qualification for all assigned mutual funds. Trains Tax Analysts as needed and serves as mentor for complex tax accounting issues and questions. Analyzes and completes year end 1099 and shareholder reporting data. Responsible for staying current in the area of taxation and recognizing possible impacts of new tax law. Performs research of complicated tax issues to reach sound conclusions. Proactively identifies and makes recommendations for tax strategies. Participates in committees or task-force groups. Complies with all internal controls. Qualifications
Bachelors degree in Accounting or Finance. 2-4 years prior tax or mutual fund accounting experience necessary. Knowledge And Skills
Ability to understand financial statements and related reports and spreadsheets. Proficiency in Microsoft Excel, use of macros, and Word required. Understanding of mutual fund related tax code sections, forms and elections, and tax adjustments of securities. Must be able to demonstrate knowledge of standard RIC tax adjustments. Ability to communicate well across all mediums and with both internal and external relationships. Organizational skills necessary to meet deadlines, prioritize projects, and process several projects simultaneously. Strong analytical skills and ability to work well in a changing environment. Manulife is an Equal Opportunity Employer.
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