Senior Tax Analyst & Tax Analyst (Seattle)
Business Unit:Global Operations
Every day, we seek to improve financial security for people. Joining our Tax Team within our Fund Administration department in the Global Operations division means you will be a part of a passionate and supportive team that believes what we do matters to our clients and investors. We are seeking to fill two roles on this team - Senior Tax Analyst and Tax Analyst.
In either role, you will be responsible for the preparation of all US Mutual Fund and US Alternative Investments tax returns and the calculation of dividends to be paid from these funds. These positions also ensure that all mutual funds adhere to regulations outlined in IRC code section 851 and are taxed as regulated investment companies. You will work closely with other associates to apply all tax regulations in the preparation of tax provisions for various entities.
Tax Analyst: $65,000-75,000
Senior Tax Analyst: $75,000-90,000
Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria) in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.
Your Core Responsibilities:
Tax Analyst level
Preparation of all tax returns (Forms 1120-RIC, 5500, 8613 and 1065)
Working closely with external vendors (fund accounting, fund auditors, foreign tax agents) to ensure that information related to tax deliverables is on time and accurate
Preparation of monthly, quarterly and annual dividend calculations
Compliance and testing as it relates to IRC Section 851
Preparation and analysis of specific tax adjustments (PFIC, Wash Sales, Straddles, etc)
Preparation of shareholder year end reporting (Form 1099-DIV, supplemental shareholder reports)
Design, Develop, and implement process changes due to changing tax law or product initiatives
Preparation and analysis of monthly capital gain dividend estimates
In addition to the above, Senior Tax Analyst level
Managing the scheduling and preparation of all tax returns (Forms 1120-RIC, 5500, 8613 and 1065)
Scheduling and reviewing the preparation of monthly, quarterly and annual dividend calculations
Coordination and review of quarterly estimated client K-1s
Bachelor’s degree in Accounting preferred (or equivalent experience).
For a Senior Tax Analyst, 2 – 5 years experience preferred within the asset management or financial services industry
Certified Public Accountant preferred
Understanding of Internal Revenue Code and Federal Tax Regulations – IRC Subchapter M knowledge preferred
Understanding of fund accounting for mutual funds, partnerships and commingled funds
Strong ability to prioritize, organize and work independently
Solves and analyzes problems effectively, with a process for decision making
Has the ability to understand and appropriately apply principles, procedures, requirements, regulations, and policies related to specialized expertise
Proficient with Excel
Proficient in VBA
Ability to communicate clearly and build trusted relationships with others
Exhibits ability to take on new opportunities and tough challenges with a sense of urgency and enthusiasm
Exhibits ability to be a collaborative team player with the ability to interact well with all levels of internal and external personnel and adapt to rapidly changing requirements
Equal Employment Opportunity
Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person's actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person's biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation, past or present unemployment status , or any other characteristic protected by law.