AddressRole Summary (US TAX Specialist - AM / Manager)
- Every day, we seek to improve financial security for people. Joining our Tax Team/Fund Administration within our Global Operations division means you will be a part of a passionate and supportive team that believes what we do matters to our clients and investors. You will be responsible for the preparation of all US Mutual Fund and US Alternative Investments tax returns and the calculation of dividends to be paid from these funds. This position also ensures that all mutual funds adhere to regulations outlined in IRC code section 851 and are taxed as regulated investment companies. This position will work closely with other associates to apply all tax regulations in the preparation of tax provisions for various entities.
- 6 - 10 plus years of work-ex in providing US Tax services (Mandatory)
- Bachelor's degree in business, Finance, Economics or related field. (or equivalent experience)
- Chartered Accountant/Certified Public Accountant preferred
Responsibilities :
- Ensure all tax returns (Forms 1120-RIC, 5500, 8613 and 1065) are prepared and reviewed and delivered within the agreed timelines
- Ensure all monthly, quarterly and annual dividend calculations are prepared and reviewed
- Compliance and testing as it relates to IRC Section 851
- Ensure preparation, analysis and review of specific tax adjustments (PFIC, Wash Sales, Straddles, etc) are done in a timely manner
- Ensure preparation and review of shareholder year end reporting (Form 1099-DIV, supplemental shareholder reports) is done in a timely manner
- Ensure preparation and analysis of monthly capital gain dividend estimates is done accurately within the agreed timelines
- Design, Develop, and implement process changes due to changing tax law or product initiatives
- Working closely with external vendors (fund accounting, fund auditors, foreign tax agents) to ensure that information related to tax deliverables is received on time and is accurate
Qualifications :
- Should have min 5-10 Years relevant experience managing US TAX (For manager role it should be min 4-5 years team handling experience)
- Understanding of Internal Revenue Code and Federal Tax Regulations - IRC Subchapter M knowledge preferred
- Understanding of fund accounting for mutual funds, partnerships and commingled funds
- Strong ability to prioritize, organize and work independently
- Solves and analyzes problems effectively, with a process for decision making
- Has the ability to understand and appropriately apply principles, procedures, requirements, regulations, and policies related to specialized expertise
- Proficient with Excel & VBA
- Ability to communicate clearly and build trusted relationships with others
- Exhibits ability to take on new opportunities and tough challenges with a sense of urgency and enthusiasm
- Exhibits ability to be a collaborative team player with the ability to interact well with all levels of internal and external personnel and adapt to rapidly changing requirements
Core Values :
- Strong interpersonal, oral, and written communication and collaboration skills with all levels of management
- Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,
- Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.
- Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.
- Exemplifies our customer-focused, action-oriented, results-driven culture.
- Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
- Ability to act with discretion and maintain complete confidentiality.
- Dedicated to the firm's values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.
About Russell Investments, Mumbai :
- Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world's sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai - and has opened a new office in Mumbai, India in June 2023.
- Joining the new Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be one of the first to join this new team based out of Goregaon (East) in Mumbai and be a part of creating the foundation and culture for the firm's growing operations in India. The Mumbai office operates 5-days a week from Monday to Friday with varying shifts to accommodate time zones around the world.
For more information, please visit www.russellinvestments.com.
