Senior Tax Analyst, Financial Reporting and Tax - Toronto, ON MJ B

Company Information: · CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service back ...

Job description

Company Information:

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

We're always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit

Position Overview:

The Senior Tax Analyst, Financial Reporting and Tax will be responsible for the tax work required for clients and work closely with Fund Accounting, external tax advisors and auditors. This position will be able to independently research tax issues and make appropriate recommendations.

Responsibilities:

• Review distribution calculation and allocation factors prepared by Fund Accounting for all types of client Funds including complex structures.
• Work collaboratively with Fund Accounting and liaison with assigned clients, external tax advisors and auditors on the distribution calculation review process;
• Attend external audit meetings and provide responses to tax related queries;
• Initiate and review distribution related processes such as Suspended Capital Loss and Stop Loss, etc;
• Preparation and filing Trust and Corporation income tax returns and relevant tax information forms for assigned clients in a timely and accurate manner;
• Preparation of HST returns for assigned funds in a timely and accurate manner.
• Research and analyze in detail, the accounting and tax impact of corporate actions (including complex corporate actions) affecting Funds and prepare the recommended tax treatment;
• Review the work of and train Tax Analysts
• Implement process improvements and procedural enhancements to create efficiency and enhance controls of the Distribution process;
• Review Income Trust Allocations, Notional Distributions & maintain tax related Security Master data fields for all funds and ensure accurate and timely upload to Investone by IFS Central Ops;
• Handling and drafting responses to tax correspondence for assigned clients including reassessment notices and audits;
• Assist Tax Manager with research on regulatory changes and trust issues as required, providing analysis and recommendation; and
• Participate in automation and special projects as required.

Qualifications:

• University degree in Business/Accounting and must have or working towards a professional accounting designation
• Strong working knowledge of Canadian as it impacts investment funds;
• Fund Accounting experience in the investment fund industry is required;
• Excellent written and oral communication skills;
• Excellent time management skills and ability to work under tight timelines;
• Strong PC skills; MS Office and TaxPrep
• Excellent time management skills and ability to work under tight timelines;
• Ability to work with minimal supervision; and
• High degree of commitment to quality work and accuracy.

CIBC Mellon's Values:

Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards

Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward

Be One Family: Challenge, empower and recognize your colleagues

Take Ownership: Speak up, speak out, and make things better

Job Specific Competencies:

• The salary band for this position ranges between $70,000 - $110,000.

• Individual pay is determined by factors such as job-related skills, market conditions, relevant experience, education, training, and internal equity.

• Please note, our recruitment process may include the use of AI-assisted tools.
• This posting is for an existing vacancy.