The Manager, Tax Services and Special Billings primary focus is to provide leadership and technical guidance to staff to ensure the timely and accurate withholding / reporting / processing of Canadian and US non- resident tax, CDS – DTC Payment Service, post payment cash reconciliation and billing.
Reporting Relationships: This position has 3 direct reports
Tax Filing & Reporting:
Oversees the accurate and timely Canadian NR Tax withholding and monthly remittance to CRA to avoid levy of penalties due to late or non-payment of taxes.
Accountable for timely year end Canadian NR Tax NR4 reporting with CDS US/Foreign participants and the CRA
Manages the correctness and timely dissemination of the US NR Tax withholding reporting by securing effective and ongoing communication with various Withholding Agents
Ensures the timely year end 1042-S filing with CDS Canadian and Foreign participants and IRS, and 1042 summary filing with IRS
Oversees the annual Canadian NR Tax and US Tax filing requirements and secure necessary updated to the CDS systems.
Tax Oversight, Compliance and System Enhancement:
Manages tax process and requirement changes from a system and operational perspective, collaborating closely with system architects in providing updated requirements to ensure CDS tax system changes are in line with IRS requirements.
Leverages expertise in tax services and knowledge of SIES procedures to recommend changes to existing products, services and procedures to ensure we are meeting our client’s needs and operating in an efficient and effective environment at all times.
Collaborates with the General Counsel Office and manages the ongoing communication with Ernst & Young (CDS tax consultants) to ensure CDS compliance and currentness with Canadian and US emerging Tax requirements and its applicability to CDS and its clients.
Provides key input on the planning, forecasting and effective management of the unit's operational expense and revenue budgets.
Provides technical expertise and guidance for the team’s area of competence in light of new products / services.
8 to 10 years progressive operational/business experience in the securities or custodian bank industry with at least 5 years in a Management position.
University/College Degree in Commerce or Business Administration preferred.
An accounting designation (CA, CPA, CFA) would be an asset
Excellent leadership and mentoring skills.
Ability to effectively interact/negotiate with individuals at all levels, in various capacities among our Participants, Issuers, Transfer Agents, Legal offices and other high profile organizations.
Excellent analytical skills; longer-range perspective of problems, situations and opportunities while looking at the big picture.
Able to adapt and work effectively within a variety of situations; adjusting positively to change and a change in job demands.