Tax Manager

Role Description

FNZ is currently developing a new wealth account platform, and this role will participate and support the development, testing, configuration and integration for the new system. The U.S. Tax Manager to join our inhouse tax team to manage the tax team with day-to-day function and analyze and process tax information and data for FNZ wealth customers where it’s needed to help the team members.  

The Tax Manager / AVP will report to the VP of Tax operation for North America and will be an important member of a tax team servicing 10,000 wealth customers comprised of a variety of accounts such as Individual, IRA, NRA, Family and Personal Trusts, Corporations, Charities, LLC, LLP, etc.   General responsibilities will be daily monitoring of withholding tax, executing tax payments to tax authorities. analysis of transactional data on corporate actions, dividend/interest payments, amortization/accretion, income allocations, wash sales, gain/loss and making proper adjustments for tax purposes and the preparation of client and 1099 reporting

• Work as part of the tax team to manage daily tax functions, such as
• Provide timely support and clear tax advice to the Group Head of Tax and the wider business.
• Review and if necessary, implement new processes/controls for tax compliance globally.

Role Responsibilities

Tax Compliance

• Involved with daily/monthly tasks: IRA, NRA, backup withholding calculations and monthly payment reconciliation,
• Analyze transactional data that impacts distribution, income related events, cost changes
• Analyze fixed income for bond discount, original issue discount (OID), MBS and REMIC reporting.
• Provide technical guidance to Op’s team in connection with taxlot cost discrepancies
• Manage annual client reporting and issuance of 1099R, RMD, 1099 and 5498
• Corporate actions: monthly Corp actions and review taxability from CCH: Request starting positions when needed
• Review DOD step up cost basis and update inherited assets.
• Ensure monthly/annual tax information is provided to external investment advisors timely and correctly
• Organize daily tax call and contribute ideas to help overall tax functions to operate efficiently and effectively

Tax Advisory

• Act as the tax point of contact for internal and external - as required with support from Group Head of Tax.

Assist on Ad-hoc projects – i.e. participate new tax build as part of onboarding new clients, etc.

Experience required

• 5+ years of tax technical knowledge and experience in wealth management tax reporting
• Experience in analysis of architecture environment. Interest in technology solutions and technology delivery of investment platforms
• An understanding of the US financial and IRS regulatory environment
• Knowledge of SQL, Maxit cost basis application would be a plus
• Excellent communication and stakeholder management skills, being able to clearly articulate your points, as well as influence and negotiate at all levels.
• Comfortable educating and training others within the business on tax related matters.
• You will have strong analytical and problem-solving skills and demonstrable experience in developing solutions
• Good organizational, administration and time management skills.
• Good written and oral communication skills
• Proficient knowledge of desktop software applications (e.g., Word, Excel, and PowerPoint etc.)
• Flexible and be able to adapt to a fast-paced environment.

What FNZ offers:

• A competitive base salary, bonus, and paid time off.  

• FNZ will match pension plan contributions at 150%, up to 4% total Employee Contribution. 

• Employer-paid medical, dental and vision insurance, and more. 

• We are mission-led - work at the heart of a purpose-led organization where you can be proud of the impact you make, every day. Where you’ll transform the way over 20 million people invest, making wealth management more accessible, sustainable and transparent to more people.

• Learning & development – Placing emphasis on a willingness to learn, to think differently, to be creative and to help drive innovation.

• Be part of a highly successful, rapidly growing, Pre-IPO global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;

• We provide global career opportunities for our best employees at any of our offices in the US, Canada, UK, Czech Republic, Asia, Australia or New Zealand

About FNZ Culture

Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites, and moves us forward.

Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers, and the wider world.

At FNZ we know that great impact is only possible with great teamwork.

That’s why we value the strength and diversity of thought in our global team.

The FNZ Way is the cornerstone of what we do. It comprises four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders worldwide.

• Customer obsessed for the long-term

• Think big and make an impact

• Act now and own it all the way

• Challenge, commit and win together. 

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.