Fund Services Tax, Officer
State Street · Edinburgh
Role Overview
The Funds Tax Assistant Manager is responsible for delivering tax services to all regulated tax clients, specifically focusing on Authorised Investment Funds, Investment Trust Companies, and Property Authorised Investment Funds (PAIFs).
The role involves oversight, review, and management of tax compliance and reporting, as well as fostering strong relationships with internal teams, clients, and external parties such as HM Revenue & Customs.
Key Responsibilities
Corporation Tax
- Oversee tax provisions for inclusion in SORP accounts for UK investment funds administered by the company.
- Review CT600s, CT61s for PAIFs, and VAT returns prior to submission to HM Revenue & Customs.
- Assist with tax project work as required.
- Review taxation payment instructions for Trustees.
- Oversee quarterly taxation reviews to ensure reasonableness of daily taxation provision accrual and manage issues log review points.
- Review asset classifications for UK tax purposes for inclusion in the internally maintained Funds database, ensuring accuracy and currency.
Service Delivery & Relationship Management
- Develop effective working relationships and communications with staff, ensuring motivation, development, and support.
- Maintain good relationships with senior staff, clients, and external parties, including HMRC.
- Establish and monitor an effective oversight framework to ensure issues are identified, escalated, and resolved appropriately.
- Ensure appropriate management information is received, considered, and challenged at intervals proportionate to risk.
- Ensure staff understand escalation paths and principles.
- Foster a culture of ‘Risk Excellence’ within the team, encouraging openness and effective challenge.
- Keep immediate line manager and relevant stakeholders informed of issues, queries, and work in progress that may impact service quality.
- Monitor errors and potential losses/breaches; complete documentation and ensure remediation/training needs are identified and addressed.
- Ensure key performance indicators (KPIs) are achieved monthly; initiate action if KPIs are not met.
- Manage own time and activities effectively, delegating where required, and setting an example through good housekeeping and time management.
- Stay up to date with legislative and regulatory changes affecting the business.
Education, Skills, and Experience
- Business degree from university or equivalent/relevant market experience.
- Professional qualification (ICAS, ICAEW, CTA, ACCA, ATT, AAT) desirable but not essential.
- Excellent knowledge of tax regulations relating to UK Investment Funds; knowledge of Property Funds/PAIFs is desirable.
- Strong understanding of fund accounting principles relating to UK Investment Funds; experience within Funds Administration/Accounting practice preferable.
- Excellent communication skills, attention to detail, accuracy, problem-solving ability, multi-tasking skills, and ability to work under pressure and meet deadlines.
- PC literate – proficient in Word, Excel, PowerPoint, and tax packages.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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