Tax Analyst

Under manager supervision, completes complex tax compliance work for the mutual funds, which involves preparation and review of federal and state tax provisions and returns.

Responsibilities
• Prepares and reviews more complex fiscal year-end tax provision/audit workpapers along with all supporting schedules, worksheets, and documentation needed to support determination of fiscal and calendar distribution requirements. Prepares and reviews more complex income and excise tax returns for the mutual funds.

• Reviews portfolio holdings for PFIC, REIT, partnership, complex and derivative securities. Analyzes the tax treatment of complex derivative securities, partnerships, trusts, REITs, and PFIC’s. Maintains a schedule of identified securities that have special tax treatment.

• Responsible for earnings and profit calculations for assigned mutual funds as required.

• Analyzes tax adjustments such as: RIK, wash sales, POL, OID, market discount, CLCFs, PFICs, REITs, ROC, straddles and hedges, options, futures, and forwards, §988 adjustments, §1256 adjustments, deferred compensation, partnership, and other security level and fund level adjustments. Analyzes book/tax differences for impact on distributions for excise and fiscal years.

• Performs review of custodial bank’s corporate action adjustments summary to ensure proper treatment and cost allocation. • Assists in strategic planning, scheduling of workflow assignments and procedural reviews.

• Interacts with Treasury, Financial Reporting, Investment Operations, custodian banks, Compliance, and Portfolio Managers

• Supports IT and Project Management Group to develop software solutions for Tax.

• Assists Fund Tax managers in the development and implementation of internal controls for risk mitigation, including preparation of written policies and procedures.

• For each fund’s semi-annual period end, updates the tax disclosure and tax sections in the shareholder report as directed and reviewed by Tax Manager.

• Responsible for calculating/reviewing qualified dividend distribution calculations, foreign tax credit and impact of securities lending for assigned mutual funds as needed.

• Prepares foreign tax returns as necessary.

• Responsible for preparing schedules for any potential fund mergers, including, but not limited to; pre and post security holdings analysis, analysis required under IRC Sections 381-384, capital gain/loss carry-over analysis and built in gains or loss analysis.

• Responsible for preparation and/or review of RIC qualification for all assigned mutual funds.

• Trains Tax Analysts as needed and serves as mentor for complex tax accounting issues and questions.

• Analyzes and completes year end 1099 and shareholder reporting data.

• Responsible for staying current in the area of taxation and recognizing possible impacts of new tax law Performs research of complicated tax issues to reach sound conclusions. Proactively identifies and makes recommendations for tax strategies.

• Participates in committees or task-force groups

• Complies with all internal controls.

Recommended Experience

Bachelors degree  in Accounting or Finance.

2-4 years prior tax or mutual fund accounting experience necessary.

Knowledge and Skills

• Ability to understand financial statements and related reports and spreadsheets.
• Proficiency in Microsoft Excel, use of macros, and Word required
• Understanding of mutual fund related tax code sections, forms and elections, and tax adjustments of securities.
• Must be able to demonstrate knowledge of standard RIC tax adjustments.
• Ability to communicate well across all mediums and with both internal and external relationships.
• Organizational skills necessary to meet deadlines, prioritize projects, and process several projects simultaneously. 
• Strong analytical skills and ability to work well in a changing environment

When you join our team:

• We’ll empower you to learn and grow the career you want.

• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

• As part of our global team, we’ll support you in shaping the future you want to see.

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Referenced Salary Location

Salary range is expected to be between

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact [email protected] for the salary range for your location.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.

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