Senior Manager Tax Reporting & Cost Basis

Senior Manager, Tax Reporting & Cost Basis

Tuesday, March 26, 2024

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at Questrade.

What's in it for you as an employee of QFG?

• Health & wellbeing resources and programs
• Paid vacation, personal, and sick days for work-life balance
• Competitive compensation and benefits packages
• Hybrid and flexible work arrangements
• Career growth and development opportunities
• Opportunities to contribute to community causes
• Work with diverse team members in an inclusive and collaborative environment

We're looking for our next Senior Manager, Tax Reporting & Cost Basis. Could It Be You?

The purpose of the Senior Manager, Tax Reporting is to manage and lead their team. They will oversee the y activities within their team and year-end tax reporting within the department, while ensuring minimum service levels are consistently achieved.

What's it like working as Senior Manager, Tax Reporting & Cost Basis at Questrade?

Questrade Inc. has multiple client tax reporting obligations to various tax regulators, including the Canada Revenue Agency (CRA), Ministère du Revenu du Québec (MRQ) and the Internal Revenue Service (IRS). In addition, there are also regulatory obligations to obtain sufficient documentation from the client to identify their tax residency. Based on tax residency, withholding tax obligations must be met.

The Sr. Manager, Tax Reporting works collaboratively within the management group to coordinate the activities of a group of Tax Reporting Analysts and the Tax Reporting Supervisor to successfully meet the business needs. They will lead and ensure projects related to tax reporting matters are completed on time and accurately.

The individual is expected to be the Subject Matter Expert (SME) on Canadian and/or US taxation, and act as the central point for client issues and department collaboration. In addition, the individual is expected to review processes and documentation that affects client tax reporting and cost basis, to ensure applicability, completeness and accuracy, with a continuous improvement mindset, keeping a positive client experience front and center.

• Managerial:
  
• Manage, lead and motivate the team
• Provide strategic direction, oversight and guidance to Management and Supervisory staff
• Provide mentorship, coaching and performance feedback
• Proactively assess future needs of their teams and develop action plans accordingly
• Ensure appropriate succession and development plans have been established
• Enforcing systems, policies, procedures, and productivity standards
• Establish strategic goals by gathering pertinent business, service and operations information, identifying a course of action, defining objectives, and evaluating outcomes
• Provide strategic leadership on projects and ensure time and accurate completion
• Collaborate with peers and employees and other department heads and administrators to identify and implement processing and procedural improvements
• Be a role model for staff to deliver high quality service interactions to internal teams and clients and create a positive experience
• Live and breathe Questrade's Mission and values
• Recruit and train employees, maintains a safe work environment, develops and coach staff for personal growth opportunities
• Develop, implement and maintain metrics, and KPI's
• Primary:
  
• Be the subject-matter expert in all aspects of tax compliance, including Canadian tax, Qualified Intermediaries (QI), Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) requirements, 871(m), 1446, or other withholding and reporting regimes
• On behalf of the QI Responsible Officer, coordinate QI periodic review and certification of compliance every three years
• Oversee tax slip production & distribution to clients. Extended experience in one or more of the below
• Canadian investment slips T5, T3, T5013, T5008
• U.S. Investment slips 1099, 1042 and K-1
• CRS and FATCA reporting
• Lead Canadian & US tax reporting planning and delivery cycle
• Ensure all reporting is completed on or before regulatory deadlines
• Oversee the reconciliations and tax payments to government revenue agencies
• Maintain satisfactory internal and external Audit/Regulatory Reviews
• Hold reviews post tax season for the past fiscal year, build in improvements where required
• Manage cost basis administration
• Conduct internal policy and procedure reviews and updates annually
• Support staff in prioritizing work, define outcomes and how successes are measured
• Report on operational risk items and action plans
• As needed:
  
• Stay current with regulatory environment governing tax responsibilities
• Interface with tax authorities on all tax matters, and play a crucial role in ensuring that Questrade's brand and reputation is protected by adhering to our compliance and risk framework
• Other duties as assigned

So are YOU our next Senior Manager, Tax Reporting & Cost Basis? You are, if you have…

• 8+ years of experience in tax processing and reporting within the brokerage industry
• 5+ years of experience in people leadership roles
• Experience leading multiple teams of people leaders is strongly preferred
• Excellent knowledge of Canadian and/or US tax reporting and filing processes
• Excellent writing, oral presentation and tax research skills
• Detail oriented and excellent organizational and time management skills
• Ability to work in a fast-paced and deadline driven environment
• Passionate about delivering quality customer service
• University or post-graduate degree in related field (e.g. Finance, Accounting), or equivalent
• Knowledge of Broadridge BPS and TFP systems is an asset
• Working knowledge of dividends & income processing, reorg
• Experience with book of records systems and back-office systems
• Tax related courses or industry designations such as CPA or In-depth tax program is an asset

#LI-MB1 #LI-Hybrid

Sounds like you? Click below to apply!

At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering.