Scotiabank

Senior Manager, Tax, Product & Planning - Scotiatrust

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Professional designation (e.g., CPA, JD/LLB) or equivalent experience
  • Completion of CPA Canada in-depth tax program or MTAX
  • Minimum of 6 years in a professional role providing tax planning and compliance to complex clients
  • In-depth knowledge of federal and provincial income tax laws for individuals, trusts, and private corporations
  • Experience with tax issues related to estate planning, philanthropy, and personal/corporate income tax returns

Responsibilities

  • Support Scotiatrust sales staff and colleagues on tax and estate planning topics
  • Represent Scotiatrust in discussions with third-party professionals regarding corporate management
  • Review and explain tax planning strategies for postmortem corporate tax planning
  • Collaborate with trust officers on the management of corporations owned by trusts
  • Review and provide direction on estate, trust, and philanthropic planning strategies
  • Act as a subject matter expert for tax matters related to estate and trust administration
  • Collaborate with Tax Compliance team on complex tax matters and reporting issues
  • Create and review educational content on estate and trust topics
  • Deliver presentations for internal and external audiences to enhance education and client engagement
  • Participate in client meetings to demonstrate expertise to high-value clients

Benefits

  • Flexible work location within Canada
  • Opportunities for professional development and continuing education
  • Access to a wide range of trust company products and services
  • Networking opportunities with a diverse group of professionals
  • Collaboration with experienced colleagues in a supportive environment
Full Job Description
Requisition ID: 268590

Job Purpose

The Senior manager - Tax, Product & Planning - plays a key role in supporting Scotiatrust colleagues and Scotia wealth partners by providing tax support expertise, company management experience and enhancing the delivery of the total wealth offering.

Key Accountabilities
  • Providing support to Scotiatrust sales staff, trust officers and their teams, Scotiatrust tax compliance group, Aqueduct team, Client Solutions specialists, and other colleagues on issues related to tax and estate/ trust planning and philanthropy for complex clients
  • Representing Scotiatrust in discussions with third party professionals as it pertains to ongoing management of corporations, including review of planning strategies and providing guidance to partners
  • Reviewing, opining and/or explaining to colleagues, co-fiduciaries and beneficiaries tax planning strategies for implementation of postmortem tax planning for corporations owned and/or controlled by an estate, trust or power of attorney account, ensuring corporate tax planning aligns with the terms of the relevant governing documents and the powers conferred on Scotiatrust as a fiduciary
  • Partnering with trust officers to proactively provide oversight and direction for the ongoing management of continuing corporations owned by trusts and power of attorney accounts
  • Reviewing and collaborating with the Scotiatrust team to provide tax, estate and trust and philanthropic planning strategies support and direction related to the Scotiatrust product shelf
  • Acting as a subject matter expert for the Senior trust officers and trust officers on all tax matters as they pertain to the administration of an estate, trust or power of attorney account, including reviews of schemes of distribution.
  • Collaborating with the Tax Compliance team on complex tax matters and tax reporting issues as they pertain to income tax and information returns filed for Scotiatrust clients
  • Creating and/or reviewing content - collateral, articles, blog posts, etc. - including those created by Scotiatrust colleagues and other business lines
  • Developing, supporting and/or delivering presentations to both internal and external audiences in support of ongoing education for Scotiatrust staff, advisor awareness, client engagement, and new client acquisition where expertise on estate & trust topics is required
  • Participating in select client meetings to showcase and leverage their expertise with both prospective and existing high value clients.
  • Leveraging knowledge of risk management frameworks to critically identify potential risks and escalate as required.


Requirements:
  • Excellent verbal and written communication and presentation skills with the ability to adapt communication style based on audience, taking complex technical tax and legal concepts and communicating them in plain language as necessary.
  • Strong strategic competencies - thinking, relationships and influencing - that will support the ability to be innovative and evolve the Scotiatrust offering.
  • The incumbent must be well suited to working independently and within a team
  • The position requires a high degree of specialized knowledge and experience. The incumbent must be highly conversant on a variety of tax and estate planning topics, including:
      • Federal and provincial/ territorial income tax law pertaining to individuals, trusts and private corporations.
      • Taxation of Canadian Controlled Private Corporations (CCPCs) and their shareholders, and related planning issues such as business succession, corporate reorganizations, postmortem wind-up strategies, and other various corporate transactions
      • Tax issues related to individuals, estate and trusts, philanthropy and applicable planning
      • An awareness of tax strategies involving the use of life insurance for individuals and their private corporations
      • Uses and issues related to legal documents such as wills, power of attorneys, trust agreements, shareholder agreements, etc.
      • The ability to read and interpret financial statements as well as personal, trust and corporate income tax and information returns, and
      • Awareness of U.S. tax issues as they pertain to estate and trust planning, administration and tax reporting.


The ideal candidate must have the following:
  • Professional designation (example: CPA JD/LLB) or equivalent experience
  • CPA Canada in depth tax program or MTAX
  • At least 6 years of experience in a professional organization providing tax planning and compliance to complex clients


It is preferable that the ideal candidate has the following:
  • Other professional designations (example: TEP, CEA, MFA-P, CFP, CLU)
  • In-depth Tax issues for the Owner-Manager Business course
  • Solid knowledge of trust company products and services
  • Bilingualism is an asset


Work Location: Anywhere in Canada

Location(s): Canada : Ontario : Ottawa || Canada : Alberta : Calgary || Canada : Alberta : Edmonton || Canada : British Columbia : Vancouver || Canada : Manitoba : Winnipeg || Canada : New Brunswick : Fredericton || Canada : Newfoundland and Labrador : Charlottetown || Canada : Nova Scotia : Halifax || Canada : Ontario : Toronto || Canada : Saskatchewan : Regina || Canada : Saskatchewan : Saskatoon

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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