Senior Tax Analyst

Employer
MFS Investment Management
Location
Boston, USA
Salary
Competitive
Posted
18 May 2022
Closes
04 Jun 2022
Ref
14948542
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate 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.

What you will be responsible for: The Senior Tax Analyst will report to the Director of Domestic Tax and work collaboratively with the Tax Directors, Tax Managers, and extended finance team. Position responsibilities will include preparation of federal and state tax provisions as well as preparation and filing of federal, state, and local tax returns for MFS domestic operating companies. You will support audits by federal and state examiners and research, interpret and analyze impacts of tax law changes and make recommendations to implement changes.

Principal Responsibilities
  • Prepare federal and state income tax returns, extensions, and quarterly estimated tax payments.
  • Assist with aspects of ASC 740 and IAS12 Accounting for Income Taxes including;
    • Calculating the year-end U.S. income tax provision and related journal entries;
    • Calculating effective tax rate and preparing rate reconciliations;
    • Calculating and tracking tax exposures and developing documentation to support income tax positions taken for financial statement purposes and related reserves recorded for uncertain tax positions;
    • Return-to-provision calculations; and
    • Preparing current and deferred tax reconciliations and analysis of tax general ledger accounts

  • Perform tax research using primary sources of law (IRS Code, regulations, case law, etc.) and editorial materials or secondary sources (Checkpoint, BNA portfolios, etc.) for issues affecting the MFS and its subsidiaries and adequately communicates conclusions orally and/or in writing.
  • Compose and review the tax footnote disclosures for MFS consolidated and subsidiary financial statements.
  • Prepare procedures that are reviewed by tax directors/managers, that outline the tax compliance policy for MFS and its subsidiaries, ensuring the most efficient and effective way for such procedures to be carried out.
  • Apply new tax rules, regulations, and procedures as they impact MFS and its subsidiaries as well as the application of current tax rules to new investment products.
  • Review and update compliance calendar to ensure that adequate tax filings are made in a timely manner.
  • Analyze appropriate general ledger accounts to provide roll forward and reconciliation of tax accounts and to identify items of income/expense that would require a tax treatment different than book (e.g., depreciation of fixed assets).
  • Assist in preparation of responses to IRS and/or state auditor requests in connection with compliance audits.

Qualifications
  • Bachelor's degree or equivalent education. Preferably possess, or pursuing a JD, CPA and/or MST.
  • Minimum of 4-7 years' tax-specific experience in public accounting, corporate tax department, or other equivalent experience.
  • Strong business writing skills and strong oral communication skills.
  • Familiarity with OneSource Income Tax Compliance application and Peoplesoft General Ledger application preferred
  • Strong interpersonal skills with an ability to interact in a positive manner with Corporate Finance employees as well as other MFS departments and outside advisors, preparers, and auditors.


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What we offer:
  • Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time
  • Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave
  • Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions
  • Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more
  • Life & Disability Benefits: Company-paid basic life insurance and short-term disability
  • Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs


MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting .

This position will require individuals to be fully vaccinated against COVID-19 as part of their job responsibilities, unless MFS approves an exemption as an accommodation due to a medical condition or sincerely held religious belief. Submission of an exemption request does not guarantee that an exemption will be approved or that the request can be accommodated.
If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email talent_acquisition@mfs.com for assistance.

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. Please see the EEO is the Law document and Pay Transparency Nondiscrimination Provision , linked for your reference.

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