Senior Tax Manager
- Boston, MA, USA
- Permanent, Full time
- MFS Investment Management
- 16 Aug 17
Whether you're an investment professional, an expert in sales or a technology specialist, you'll find a culture at MFS that supports you in doing what you do best. Our employees work together to reach better outcomes, always favoring the strongest idea over the strongest individual. We put people first and show care and compassion for our community and each other. Because what we do matters – to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.
•Performs technical tax research and analysis of domestic and international tax issues with respect to timing and characterization of income, distribution policies, and withholding taxes. Designs, implements and continually improves department procedures to facilitate pro-active identification and resolution of tax issues.
•Performs technical tax research and analysis with respect to fund transactions, such as mergers and acquisitions or liquidations, reorganizations, corporate actions and other matters affecting the funds or holdings of the funds. Makes recommendations and prepares documentation with respect to these transactions.
•Works with Treasurer, Assistant Treasurers and other interested personnel (including independent auditors, MFS Legal, MFS Compliance and MFS management) to understand and resolve complex fund tax issues as they arise.
•Monitors foreign country tax law changes and stays current on matters that may impact the Funds' tax compliance in foreign jurisdictions, including global tax withholding and reclaims.
•Reviews complex Partnership tax returns, Schedule K-1s, partnership allocations, Employee Benefit Plan Form 5500s, and related work for other alternative products.
•Proactively evaluates and revises current tax policies and procedures to take into account time and data efficiencies.
•Reviews financial statements, prospectuses, statements of additional information, proxies and other reports or material containing tax disclosure information. Ensures consistency of tax-related disclosures across all products.
•Provides assistance in the year-end reporting of income to transfer agents with respect to the source of distributions, including ordinary income, capital gain distributions, return of capital, tax-exempt amount, and percentage of income from government sources, state-by-state breakdown of tax-exempt income, AMT amount, QDI amount, foreign taxes withheld and other classifications.
•Oversees deadlines for filing tax returns required of the funds, including any returns, forms or reports due to any Federal, state, local, or foreign jurisdiction.
•Trains and develops Fund Treasury staff and others on tax matters. Provides oversight in the development, implementation and maintenance of a formal tax-training program.
•Interacts with Fund custodians in connection with the review of domestic and foreign corporate actions to determine the taxable status and any character or timing differences of income recognition for book and tax purposes.
•Performs other related responsibilities as requested.
•Bachelor’s Degree or equivalent education, preferably with a CPA, JD, or Master's Degree specializing in Taxation
•Minimum 10 years work experience, with at least 6-7 years of experience in a senior tax role. Technical experience with U.S. and international taxation issues through a public accounting firm, investment advisory organization or other similar experience. Mutual fund tax experience is required.
•Strong knowledge of Subchapter M of the Internal Revenue Code and experience as it relates to distribution requirements, tax return preparation and tax planning. Knowledge of the Investment Company Act rules and regulations and Regulation S-X.
•Strong interpersonal skills with an ability to interact in a positive manner with Fund Treasury employees as well as other MFS departments and outside Fund auditors
•Strong writing skills (including business writing), strong oral communication skills, and experience in public speaking.
•Demonstrated negotiation, managerial, and leadership skills.
•Strong problem resolution and analytical skills.
MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited.