About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary

The Global Fund Services business is one of the fastest growing areas in Northern Trust, offering a comprehensive suite of fund products and services to Asset Managers worldwide.

This role is within the UK Fund Accounting department, specifically within the taxation team. UK Fund Accounting looks after more than 10% of all UK Authorised Funds for numerous Fund Management clients, with the more complex funds being looked after by a separate Specialist Team. This role is to work in the tax team who are responsible for producing annual CT600 taxation returns, interim taxation reviews, CT61 returns, quarterly tax reviews and arranging taxation payments within HMRC guidelines. The successful applicant will also be expected to liaise with the NAV and Report & Accounts teams.

The key responsibilities of the role include:

• Keeping track of upcoming deadlines and ensuring all tax deliverables are met.
• To provide oversight of tax work produced by Financial Reporting team while developing their knowledge - raising queries where required.
• To prepare and review tax tasks such as annual CT600 returns and quarterly VAT & CT61 returns for a range of Unit Trusts and ICVC’s within HMRC guidelines and timetable.
• To provide draft CT600 tax returns for external oversight minimizing queries by providing quality and timely responses for completion and filing of returns.
• To review interim tax provisions within the daily NAV’s prepared by offshore team in Manila.
• Manage taxation queries from Accountants, Auditor’s, Clients and Relationship Managers in a prompt and professional manner and providing response on technical matters.
• To assist other partners and teams on complex taxation queries.
• Investigate new tax rules and laws where appropriate.
• Communicate effectively (both orally & in written form) with internal and external parties.
• To deliver a quality service to our clients within the set KPI’s adhering to client SLAs
• To assist the London Tax Team with ad-hoc request in order to ensure the overall running of the department.
• Quarterly Tax in Price Review to be completed for all funds ensuring NAV accuracy. Any questions or concerns to be raised with relevant NAV teams directly cc’ing London Tax team.

Qualifications

The successful candidate will benefit from having:

• Proven experience in a similar Fund Accounting taxation role.
• Ability to work within a team and share acquired knowledge and experience with others through providing training and support, particularly with more complex taxation queries.
• Ability to work under pressure to achieve all the taxation deadlines for client deliverables including reviewing and overseeing workloads of a junior taxation specialist within the tax team.
• Knowledge of different investment vehicles Unit Trusts, OEICs, PAIFs and ACS.
• Knowledge of Capital Allowances for PAIFs and ability to advise on queries and explain to clients / solicitors TWDVs.
• Knowledge to maintain Tax Tables for Mutual Funds and ACSs.
• Numerical and computer literacy (including spreadsheet skills) – (i.e. Excel (formulae), Word, Lotus Notes and taxation software package)
• VBA skill would be advantageous to automate the processes
• Ability to think outside the box and review the process enhancements and improvements
• Knowledge of MS Access Database would be beneficial to drive the existing spread sheets on the Access
• Possesses a very high attention to detail.
• Challenge the status quo and review process to continually enhance the processes
• Highlight any gaps to the Manager and participate in development of the processes
• Possesses strong interpersonal skills for liaising with internal and external stakeholders especially with offshore locations. Depositaries, Custodians, Auditors and Clients etc.
• A good knowledge of the SORP relating to fund accounting.
• A degree holder with Professional Accountancy Qualifications (Manila equivalent of ACCA, ACA, CTA) with specialisation in Advanced Taxation (UK) an advantage.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more.