Tax Manager

Employer
MFS Investment Management
Location
Boston, USA
Salary
Competitive
Posted
18 Jun 2022
Closes
25 Jun 2022
Ref
15479887
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 Corporate Tax Manager will report to the Director of Domestic Tax and work collaboratively with the Tax Directors, Tax Managers and extended finance team. Additionally, the Sr. Tax Analyst II will report to the Corporate Tax Manager, and the Corporate Tax Manager may supervise other tax professionals on various projects within the department. Position responsibilities will include developing and recommending tax policy for MFS and its subsidiaries, as well as providing technical assistance to both employees of MFS and its subsidiaries and to members of the Corporate Finance and Legal Departments and outside auditors relating to Federal, state and domestic income tax matters affecting MFS and its subsidiaries. The Corporate Tax Manager will provide assistance to Corporate Finance employees as well as other MFS departments and outside auditors on complex tax issues. Working with the Director of Domestic Tax, the Corporate Tax Manager will ensure that Federal and state tax compliance requirements for MFS and its subsidiaries are met accurately and efficiently. The Corporate Tax Manager will support both federal and state income tax audits and will review federal and state income tax provisions.

Principal Responsibilities
  • Assists with all aspects of ASC 740 and IAS12 Accounting for Income Taxes including;

  • Calculating and reviewing the quarterly U.S. income tax provision and related journal entries;
  • Calculating and reviewing effective tax rate and preparing rate reconciliations;
  • Reviewing 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 and reviewing current and deferred tax reconciliations and analysis of tax general ledger accounts

  • Performs technical research and analysis of complex domestic and foreign tax issues and corporate transactions (mergers, acquisitions or liquidations and reorganizations) using the Internal Revenue Code, regulations and editorial materials or secondary sources (Checkpoint, BNA portfolios, etc.) for MFS and its subsidiaries. Adequately communicates his/her conclusions/recommendations orally and/or in writing.
  • Review the tax provision portion of the financial statement disclosure for MFS and its subsidiaries including identification of temporary and permanent differences and development of effective rate schedule. Reviews financial statements to assure that adequate tax disclosures have been made, including capital loss carry forwards.
  • Works with Tax Director and other interested personnel (including independent auditors, MFS Legal, MFS Compliance and MFS management) to understand and resolve corporate tax issues as they arise.
  • Trains and develops Corporate Tax staff and others on tax matters.
  • Reviews Federal and state income, franchise tax returns as well as foreign tax returns.
  • Manages state audits and supports federal audits, including interaction with revenue agents, discussion and resolution of issues and making recommendations as to proposed adjustments and closing agreements. Oversees technical research of tax issues and reviews technical responses to IRS and/or state auditor requests in connection with formal or informal audits.
  • Coordinates with outside auditors to outline responsibilities for outsourced projects and coordination of timing.
  • Interprets and applies 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.
  • Performs other related responsibilities as requested.

Qualifications
  • CPA or master's degree specializing in Taxation or equivalent degree is required.
  • Must have at least 6-8 years' tax-specific experience, with at least six years' experience in a senior tax role in public accounting, corporate tax department, or other equivalent experience
  • 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 and auditors.
  • Must have strong business writing and verbal communication skills.


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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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