Vice President & Director, Investment Funds Tax

TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and alternative investments (including real estate, infrastructure and private debt). Asset management businesses at TD manages $410 billion in assets (as of December 31, 2023).

The Investment Funds Tax team is responsible for all tax matters including tax compliance, research, advocacy and issue resolution.   

The Vice President & Director leads the Investment Funds Tax team and is a subject matter expert.  There are more than 260 funds including mutual funds, pooled funds, segregated funds, limited partnerships, exchange traded funds and a mutual fund corporation administered by a third-party administrator.  This position manages 1 direct report and reports to the Associate Vice President, TDBG. 

The Key Responsibilities / Duties:

• Provides expertise to the firm/bank and colleagues on all technical tax matters for investment funds.  This may include tax matters related to product structuring globally, use of complex financial instruments, acquisition and disposition of investments (including providing input and guidance on transactions in the alternative investment portfolios) and implementation of complex investment strategies. Oversight of the fund administrator in their preparation of the distribution calculations and certain tax returns.  Reviews the tax treatment of complex transactions and ensures proper entries and elections were made. Primary contact for the external tax advisors.  Allocates work, oversees and monitors their performance. Mitigates tax risks. Responsible for tax research, analysis and implementation of required tax planning and compliance matters for investment funds operating in multiple jurisdictions globally. This may include leading tax related projects that would enable efficient and effective tax compliance. Collaborates with management across all departments to resolve tax related matters. Synthesize and communicate complex technical tax matters in plain language for greater clarity and understanding.  This includes providing appropriate tax training to enable management to make informed decisions on non-complex tax matters.

• Analyses the impact of new tax legislations and modifies/implements new processes and controls to address such changes. Handle client related technical tax inquiries and client communication.

• Maintains appropriate policies and procedures.  Maintains proper audit trail to support tax positions. Responsible for talent management, including hiring, coaching, mentoring and developing team members (and colleagues).  Review the tax disclosures in the funds' prospectuses, financial statements and other regulatory documents.  Handles tax analysis and tax compliance oversight for product restructuring including terminations and fund mergers. Primary contact for Canada Revenue Agency. Handles audit support for internal and external auditors. Represent TD in industry tax committees (IFIC, IIAC, CETFA).

Work Experience / Knowledge:

• Demonstrated tax expertise with hands on experience in a high volume, deadline driven environment. Self-starter and able to navigate in a large organization to coordinate within and across departments to deliver solutions. At least 8 years minimum tax experience is required.  Relevant tax experience in investment funds and M&A are required. Deep experience in investment funds taxation, tax treatment of complex financial instruments and strategies.  Ability to deal with ambiguity. Broad global tax research skills and experience.  Strong problem solver. Solid understanding of NI-81-102 and other relevant security regulations is an asset. Strong communication, collaboration and relationship building skills.

• Demonstrated success in people management and development.

Formal Education and Certification:

• Completion of the CICA In-Depth Tax Course, Master of Taxation or equivalent experience required

•  Chartered Professional Accountant or equivalent is highly preferred.

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.