Fund Accounting Manager, Taxation - UK Fund Accounting

The Bank Of New York Mellon ,
Manchester, Greater Manchester


Job Description

Team Description The team is responsible for providing Fund Accounting taxation services to clients in respect of various vehicles including collective investment schemes. The primary services provided are:- Corporation Tax Income tax Pricing and accounts taxation reviews VAT The team consists of 2-4 tax accountants and manages taxation deliverables for UK Fund Accounting clients in relation to OEIC, Unit Trust, Investment Trust, Life fund and equivalent investment entities. Job Purpose: The jobholder is responsible for the management of a tax team and delivery of designated taxation and associated Fund Accounting services for clients' investment vehicles, including collective investment schemes. Responsibilities: Manage a team ensuring appropriate staffing with skills in place, to deliver required Taxation services to clients. Plan and organise tax accountant activities holding regular team and One to One meetings. Monitor team performance, conducting appraisals and managing required recruitment. Ensure appropriate training and development in place for individuals Plan, organise and monitor the delivery of taxation fund servicing for allocated clients / entities, ensuring timely and accurate delivery to regulatory deadlines, agreed timetables and SLA standards and compliance with appropriate taxation / accounting regulations /standards and internal procedures Review / approve (and produce where appropriate) applicable tax deliverables allocated to team. Primary services will include returns, provisions, checks and disclosures in relation to corporation tax, income tax and VAT. Ensure effective and cooperative liaison with external and internal parties relevant to team deliverables (includes HMRC, clients, auditors, trustees, central tax group, offshore tax and operations teams). In conjunction with Head of Tax, develop key relationships as appropriate Maintain own detailed understanding of taxation regulations, industry standards, best practice and client requirements. In conjunction with Head of Tax provide analysis, communication and training to direct team and wider Fund Accounting groups as required Provide management, support and input to Fund Accounting projects and client / fund changes as required Where appropriate or required deputise for The Head of UK Taxation Services. Key deliverables: Responsible for the tax compliance of our clients' authorised investment funds (AIFs Authorised Unit Trusts, Open Ended Investment Companies and Investment Trusts) Preparation of the corporation tax computations for AIFs (Alphatax software) Calculation and instruction of quarterly CTSA payments Review/submit VAT returns and ensure any changes to the business or HMRC legislation has been included in the process Ensure the timely submission of returns, payment of all taxes due, Contribute to the preparation of the interim and year end financial statement by preparing the tax provisions, disclosures and supporting documentation Liaising with clients and/or tax advisers Overseeing the application of tax methodology in the pricing of AIFs