Fund Accounting Manager, Taxation – UK Fund Accounting

Job Description

Team Description


The team is responsible for providing Fund Accounting taxation services to clients in respect of various vehicles including collective investment schemes. The primary services provided are:-


Corporation Tax

  Income tax  

Pricing and accounts taxation reviews


The team consists of 2-4 tax accountants and manages taxation deliverables for UK Fund Accounting clients in relation to OEIC, Unit Trust, Investment Trust, Life fund and equivalent investment entities.


Job Purpose:


The jobholder is responsible for the management of a tax team and delivery of designated taxation and associated Fund Accounting services for clients’ investment vehicles, including collective investment schemes.


Manage a team ensuring appropriate staffing with skills in place, to deliver required Taxation services to clients. Plan and organise tax accountant activities holding regular team and One to One meetings.


Monitor team performance, conducting appraisals and managing required recruitment. Ensure appropriate training and development in place for individuals


Plan, organise and monitor the delivery of taxation fund servicing for allocated clients / entities, ensuring timely and accurate delivery to regulatory deadlines, agreed timetables and SLA standards and compliance with appropriate taxation / accounting regulations /standards and internal procedures


Review / approve (and produce where appropriate) applicable tax deliverables allocated to team. Primary services will include returns, provisions, checks and disclosures in relation to corporation tax, income tax and VAT.


Ensure effective and cooperative liaison with external and internal parties relevant to team deliverables (includes HMRC, clients, auditors, trustees, central tax group, offshore tax and operations teams). In conjunction with Head of Tax, develop key relationships as appropriate


Maintain own detailed understanding of taxation regulations, industry standards, best practice and client requirements. In conjunction with Head of Tax provide analysis, communication and training to direct team and wider Fund Accounting groups as required


Provide management, support and input to Fund Accounting projects and client / fund changes as required


Where appropriate or required deputise for The Head of UK Taxation Services.

      Key deliverables:  

Responsible for the tax compliance of our clients’ authorised investment funds (AIFs Authorised Unit Trusts, Open Ended Investment Companies and Investment Trusts)

Preparation of the corporation tax computations for AIFs (Alphatax software)

Calculation and instruction of quarterly CTSA payments

Review/submit VAT returns and ensure any changes to the business or HMRC legislation has been included in the process

Ensure the timely submission of returns, payment of all taxes due,

Contribute to the preparation of the interim and year end financial statement by preparing the tax provisions, disclosures and supporting documentation

Liaising with clients and/or tax advisers

Overseeing the application of tax methodology in the pricing of AIFs

Review relevant quarterly balance sheet control accounts to ensure they are accurate

Provide tax advice and technical support to the wider Fund Accounting teams

Monitor changes in tax legislation and reporting requirements considering impact on function

Documenting policies and procedures and identifying areas for improvement

Assist in the preparation of technical papers for product development and business change

          Role Reporting Hierarchy:  

The role reports to the Head of Taxation services for UK Fund Accounting


There are 2-4 direct tax accountant reports into this role



Person specification:


Job Specific Competencies


Adaptable, flexible and proactive

Good communication and interpersonal skills - able to effectively interact with different levels

Decision making and accountability

Deadline driven and ability to work under pressure

Client orientated and results focused

Managing and developing staff

Planning and organisation

Manages risk Attention to detail Problem solving

Ability to establish and develop effective relationships

Prepare and Present Information to Investors

Supervise Investment Administration Systems &Processes

Co-ordinate the Work Activities of others for the Achievement of  Organisational Objectives

Maintain Own Professional Development

Comply with the Requirements of the Regulatory Regime


Technical Skills, Knowledge, Systems Knowledge (and associated skill level)


Experience of managing professional staff

Technical UK taxation knowledge and experience covering collective investment scheme requirements

Knowledge of the securities industry with experience in an FSA regulated business

Accounting knowledge covering relevant accounting standards and regulations including UK GAAP and IMA SORP

Excellent computer skills, in particular Excel.


Academic/Professional Qualifications (or equivalent qualifiers)


Graduate calibre with a professional accounting / taxation qualification


BNY Mellon is an Equal Employment Opportunity Employer.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Operations
Internal Jobcode: 70588
Organization: Fund Administration-HR14449
Requisition Number: 2000782