Manager, Investment Tax at T. Rowe Price

Owings Mills, Maryland, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment ManagementIndustries

Requirements

Bachelor's degree
5+ years of total relevant work experience
(Preferred) Experience with regulated investment company and financial product taxation
(Preferred) Experience with technology tools including advanced Excel functions, Power BI, and Alteryx
(Preferred) CPA or licensed attorney

Responsibilities

Manage and review tax provisions, distribution calculations, qualification requirements, shareholder tax reporting, and tax compliance for mutual funds and ETFs
Apply knowledge of taxation of financial products to fund holdings
Oversee external tax service provider
Engage with front office personnel and respond to their inquiries
Use technology skills to identify and automate tax operational tasks
Ensure tax financial disclosure is in accordance with generally accepted accounting principles
In partnership with management, establish the organization's tax strategy and ensure its implementation while minimizing regulatory and audit risk
Perform research, analysis, and interpretation of tax laws and cases to provide management with recommendations and opinions by applying tax concepts
Work directly with inside and outside counsel to develop tax planning strategies and tax return filing positions
Use strategic relationships to influence at all levels of the organization
Liaise with lines of business and vendors to ensure proper calculation and reporting of tax information
Provide guidance to junior team members to improve their performance

Skills

Key technologies and capabilities for this role

Tax ProvisionsDistribution CalculationsTax ComplianceShareholder Tax ReportingMutual FundsETFsFinancial Products TaxationProcess AutomationRisk ManagementVendor Oversight

Questions & Answers

Common questions about this position

What benefits does T. Rowe Price offer?

T. Rowe Price provides compensation, benefits, and flexibility to enrich your life, along with resources to support your career path.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the key responsibilities of the Manager, Investment Tax role?

The role involves managing and reviewing tax provisions, distribution calculations, qualification requirements, shareholder tax reporting, and tax compliance for mutual funds and ETFs, while overseeing an external tax service provider and engaging with front office personnel.

What is the company culture like at T. Rowe Price?

T. Rowe Price has a collaborative culture that respects and values differences, with colleagues who share a spirit of generosity, and teams committed to operational excellence and a shared sense of purpose.

What skills make a strong candidate for this position?

Strong candidates should have extensive knowledge of tax best practices, a specialized understanding of end-to-end tax processes, technology skills to automate tasks, and the ability to manage risk, optimize processes, and engage with internal and external partners.

T. Rowe Price

Global asset management and investment advisory services

About T. Rowe Price

T. Rowe Price provides investment advisory services and retirement solutions to individual investors, financial intermediaries, and institutions. The firm employs a disciplined investment approach supported by extensive research to deliver long-term value. It generates revenue mainly through management fees based on the assets it manages, which amounted to $1.569 trillion as of June 30, 2024. T. Rowe Price serves a wide range of clients, including individual investors, retirement plan sponsors, and institutional investors like endowments and foundations. Its global reach and experienced investment teams enable the firm to offer various investment strategies and products, helping clients achieve their financial goals.

Baltimore, MarylandHeadquarters

1937Year Founded

$78,115.8MTotal Funding

IPOCompany Stage

Quantitative Finance, Financial ServicesIndustries

10,001+Employees

Benefits

Paid Volunteer Time

Parental Leave

Learning & Growth Resources

Matching Charitable Gifts

Health Care Benefits

Generous Retirement Plan

Risks

Increased competition from AI-powered platforms challenges T. Rowe Price's traditional strategies.

Departure of key personnel may impact T. Rowe Price's wealth management capabilities.

High valuations of AI startups could divert capital from traditional asset management firms.

Differentiation

T. Rowe Price offers a comprehensive range of investment strategies across various asset classes.

The firm emphasizes long-term value through disciplined investment and extensive research capabilities.

T. Rowe Price's global reach and diverse client base enhance its market position.

Upsides

Growing interest in AI-driven investment strategies presents new opportunities for T. Rowe Price.

The rise of quantum technology aligns with T. Rowe Price's focus on tech startups.

Collaboration trends in biotech offer potential investment opportunities in genetic medicine.

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