Sr. Manager, Investment Tax at T. Rowe Price

Owings Mills, Maryland, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Requirements

Bachelor's degree
8+ years of total relevant work experience
Expertise in regulated investment company and financial product taxation (preferred)
Experience with technology tools including advanced Excel functions, Power BI, and Alteryx (preferred)
Advanced degree such as Masters of Tax, JD or LLM (preferred)
CPA or licensed attorney (preferred)

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
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
Advise and guide less experienced professionals and direct their work

Skills

Tax Provisions

Distribution Calculations

Tax Compliance

Mutual Funds

ETFs

Shareholder Tax Reporting

Financial Products Taxation

Process Automation

Tax Service Oversight

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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