Senior Accountant - Fund Tax Administration
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,100 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of June 30, 2018, Northern Trust Corporation had:
- $135 billion in banking assets
- $8.1 trillion in assets under custody
- $10.7 trillion in assets under custody/administration
- $1.1 trillion in assets under management
- Senior Tax Accountant is responsible for the preparation and/or review of tax provisions including determination and documentation of Funds’ compliance with the requirements of Subchapter M of the Internal Revenue Code.
- Duties include calculation and/or review of related tax disclosures required in fund shareholder reports.
- Senior Tax Accountant is also responsible for review of Funds’ income tax and excise tax returns and supporting work papers.
- Additional duties include assisting in the preparation of various compliance and/or management reports.
- Senior Tax Accountant will interface with the Funds’ independent auditors and their tax associates as well as other departments within Northern including but not limited to: portfolio managers, legal, those individuals responsible for setting fund dividends and the other Fund Administration groups.
- Training and oversight of Staff and Interns.
- Detailed review of tax schedules and reports prepared by the Staff and Interns.
OTHER ESSENTIAL DUTIES AND RESPONSIBILITIES: The following duties are generally representative of the nature and level of work assigned and are not necessarily all inclusive.
- Analyze Fund portfolios to identify issues arising from various investment strategies including: tax straddles, tax hedges, and written covered calls.
- Prepare and/or supervise preparation of income and excise tax return filings.
- Prepare and/or supervise preparation of tax provisions and footnote disclosure for approximately 100 regulated investment companies.
- Assist in ascertaining that each of the funds complies with the provisions of Subchapter M of the Internal Revenue Code.
- Support filing of Federal and State tax returns and extensions.
- Prepare certain management reports for the investment company portfolio managers.
- Participate in research and problem solving as issues arise.
- Assist in determining year-end income and capital gain distributions.
- Assist in reviewing data required to be disclosed on Form 1099 and other year end shareholder literature.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s degree in Accounting or Finance.
- 5 years of experience in the accounting/financial administration aspects of mutual funds.
- Knowledge of tax principles and policies applicable to mutual funds and securities in which they invest preferred.
- Compliance and technical tax research skills, including practical application of tax law/findings preferred.
- Strong written and verbal communication skills.
- Ability to work both independently and as a team member.
- Adaptability and flexibility to work flow.
- Ability to work under pressure in a fast-paced environment.
- Flexibility to work additional hours during peak business periods.
- Excellent working knowledge of Microsoft Word and Excel.
- Must understand or quickly learn the tax issues associated with a broad range of investments which may include: municipal bonds, common stocks, preferred securities, convertible securities, REITS, corporate debt, passive foreign investment companies (PFICs), high yield debt, and various derivatives.
- Problem solver.
- High attention to detail.
- Ability to organize and prioritize competing priorities to meet deadlines.
CERTIFICATES, LICENSES, REGISTRATIONS:
- NONE required
For further information, and to apply, please visit our website via the “Apply” button below.