Serves as a subject matter expert for tax implications related to ETF share class within a mutual fund.
Supports portfolio management to employ tax-loss harvesting techniques to manage capital gains and optimize after-tax returns
Provides analysis of the tax impact to the funds in relation to management of the portfolio and investment strategy.
Ensures all corporate action activity is properly booked within the respective fund accounting systems.
Manages the delivery of key portfolio management information to internal parties, i.e., PFIC determinations, gain/loss reporting, wash sale data, distribution requirement considerations, etc.
Builds positive working relationships with third-party service providers (custodian, fund administrators and accounting firms) to achieve consistent results.
Monitors and/or reviews tax reporting and compliance as prepared by tax service providers and fund administrators.
Works closely with other departments within Dimensional including Portfolio Management, Investment Operations, Marketing, Fund Finance, the Global Client Group (sales), and Legal.
Jointly coordinates and manages both annual and semiannual financial reporting cycles with Fund Finance with respect to the independent auditors.
Conducts thorough analysis and review of workpapers 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.
Represent the Investment Tax team and provides advice accordingly as part of new product or fund launches.
Stays abreast of current tax and accounting developments in the investment management industry.
Ensures both procedural and process documentation are complete and current.
Proactively identifies and implements process improvements, increased automation, and enhanced digital analytics using existing and emerging technology solutions.
Partners with the Senior Manager of Investment Tax on special projects related to both US and non-US jurisdictions.
Provides guidance and training to team members on tax laws, regulations, and procedures to promote continuous learning and development.
Requirements
Bachelor's Degree in Finance, Accounting, or Tax.
3-5 years of experience in Investment Management industry. ETF experience desired.
CPA or CPA Candidate preferred, but not required.
Working knowledge and experience with US investment structures (specifically 1940 Act products).
Must have strong grasp on how ETF structures, such as in-kind redemptions and rebalancing, can lead to greater tax efficiency compared to traditional mutual funds
Understand multi-class implications related to distribution calculations
Strong understanding of tax treatments of various securities transaction types. 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.
Self-starter with the ability to take initiative, resolve problems effectively, and exercise independent judgement
Excellent time management and organizational/project management skills. Demonstrated ability to manage multiple projects and deadlines. Assists with projects and takes ownership. Ability to execute on strategic and operational initiatives.
Ability to build key relationships within Finance and other professionals across the organization. Highly motivated, participative, and collaborative team player with strong interpersonal skills.
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.
Advanced in Microsoft Office Suite.
Demonstrated ability to handle confidential, sensitive, and non-public information with discretion.
Experience with tax technology tools preferred, e.g., Alteryx, PowerBI and similar solutions
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Benefits
Vision insurance
Additional Information
Job Description:
The Manager, Investment Tax is responsible for identifying and resolving technical, investment tax issues. The tax scope will be primarily the US ETFs and Mutual Funds and will also include international tax matters encompassing a range of tax entity types.
The Manager, Investment Tax will apply their knowledge and expertise to improve processes contributing to the overall efficiency of the tax team.
Dimensional · Austin