The Tax Services team is a customer focused team; they support the business and client activities of the Operations division of BNP Paribas Securities Services. The team works in partnership with our clients to ensure all client deliverables are met accurately and on time. The team also has extensive interaction and dealings with all teams within the Operations division as well as other internal BNP Paribas Securities Services teams such as the Risk Function and Relationship Management teams.
The Tax Services team is responsible for managing the successful delivery of tax operations services to all our clients.
This includes the following-
· Managing the client relationship from a tax reporting perspective.
· Ownership of monthly, quarterly, annual and ad hoc client tax deliverables.
· Maintenance of tax reporting infrastructure and templates.
· Tax process control and risk management.
· Working with other departments to resolve internal and external queries.
· SME involvement in transitions and projects.
All services delivered by this team are required to consider current legislative and regulatory requirements and they must comply with operational risk guidelines. The team is involved in all major projects and transitions. Also, the investigation, management and resolution of any client and internal queries or issues which are directed to the team.
Summary of the Role:
The Assistant Manager will report directly to the Manager within the Tax Services team and is responsible for supporting the Manager in managing the timely and accurate delivery of reporting and calculation services in accordance with service level agreements.
On a day to day basis, the Assistant Manager provides support and training to the Tax Accountants, enabling them to manage their deliverables and assisting them to resolve specific queries with internal departments and the offshore team in BNP Paribas. The Assistant Manager is the initial escalation point for the Tax Services team.
Working with various teams and individuals in the Operations division, the Assistant Manager is enlisted with facilitating excellent client support and service; they deal in a pro-active and effective manner with clients, both internal and external.
Primary Role Responsibilities
· Prepare and/or review taxable income calculations for managed investment schemes, superannuation funds, life and insurance companies and LICs.
· Assist the Tax Accountants with training, coaching and development.
· Act as the escalation point for the Tax Accountants in the team for internal clients.
· Ensure that deliverables to clients are delivered accurately and on time in accordance with agreed Service level agreements (SLA).
· Ensure that queries are resolved in a timely manner and that any issues are escalated to the Tax Manager.
· Ensure testing of templates and processes is completed accurately and on time.
· Ensure all procedures and tax services documentation is standardized, up to date and fit for purpose.
· Perform formal supervision and controlled self-assessment testing of procedures and deliverables with our agreed risk management framework.
· Support the wider team at peak periods and act as the operational cover for colleagues.
Other contributions
May perform other duties and responsibilities that management may deem necessary from time to time.
What is required for you to succeed?
Qualifications & Experience required for the role:
· At least 5 years’ experience within the Australian financial services industry
· Advanced knowledge of tax accounting principles for financial instruments, trusts, and/or superannuation funds.
· Degree qualified in Business, Accounting/Tax or related discipline
· Qualified Accountant (CA/CPA)
· Excellent communication skills, both verbal and written
· Strong planning and co-ordination skills
· Demonstrated history of being results focused and excellent attention to detail
· Enthusiastic and motivated with the ability to solve problems creatively and pragmatically
· Demonstrated history of collaboration and uplifting service
Technical Skills required for the role:
· Knowledge of fund accounting, financial reporting and tax reporting and related operational risk and compliance requirements of the client service function.
· Solid understanding of the accounting and taxable income reconciliation process and the tax treatment of financial products and instruments.
· Good understanding of the application of tax principles in relation to unit trusts and the impact on its unitholders.
About BNP PARIBAS
BNP Paribas is a top-tier European and international banking establishment, with an uninterrupted presence in the APAC region since 1860 and in Australia since 1881. Combining global expertise and local know-how, BNP Paribas in Australia and New Zealand delivers solutions to our clients through Corporate and Institutional Banking and Asset Management - a bridge between corporate and institutional clients.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
· BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
· BNP Paribas MixCity which fosters better representation of women at all levels of the organization
· Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
· BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
If you require any reasonable adjustments during the recruitment process, please feel free to reach out to us at bnpp.hrss.recruitment.admin [at] asia.bnpparibas (dot) com or +61 2 9216 8633 (and ask for the Talent Acquisition Manager in the HR Team).
