Senior Tax Analyst

Job Category: Accounting/Finance/Insurance Career Level: Experienced (Non-Manager) Location: Boston, MA 02108 Status: Full Time, Employee Company: Fidelity Reference Code: 0801459 Senior Tax Analyst Business Overview:The Tax Group within Fidelity Pricing and Cash Management Services (FPCMS) is primarily responsible for analyzing the Funds books and records in order to provide accurate and timely fund distributions, tax returns and shareholder reporting and to ensure compliance with various Tax Agencies.  This includes both 40-Act Funds and Partnership.   Position Overview:Reporting to the Tax Manager, the Senior Tax Analyst participates in both the review and the preparationof fund distributions, tax returns and shareholder  reporting.  The Senior Tax Analyst provides feedback inperformance appraisals for Tax Analysts. They participate in the training of new employees and providegeneral expertise to the group in their understanding of the work processes. The Senior Tax Analyst alsocoordinates several projects within the Tax Group and may represent the group on outside committees.  Primary Responsibilities:Preparation/review of the following: · RIC (Registered Investment Company) tax compliance analyses:· Fund Distributions requirements:· Diversification and Gross Income tests· Bifurcation analysis· Straddle (§1092)/ MTM Contracts (§1256) analysis· Non-taxable analysis· Equalization analysis· Defaulted Bond analysis· PFIC analysis· MLP analysis·   Market Discount analysis· Premium Amortization analysis· Dollar Rolls analysis  · Tax filings:· Form 1120-RIC - Fiscal tax return· Form 8613- Excise tax return · Mass 3F- Massachusetts trust return · Form 1065 & K-1’s· Mass Form 3· Shareholder tax reporting:· Tax Exempt Reporting· Alternative Minimum Tax  (AMT)· Income by State (Federal Tax Exempt Funds)· Out of State Percentages (State Specific Funds)· Exempt Gains by State· Federal Obligation Interest· Foreign Tax Credit· Qualified Dividend (QDI) §1(h)(11)· Corporate Dividends Paid Deduction (DRD)  §243· Reclassification of Dividends· Qualified Interest Income (QII)  · Exempt gains by state · Supply Fund Reporting with all tax disclosures for annual shareholder reports:· Dividend Designations· Loss Deferrals · Capital loss carry-forward· Federal obligation percentages· ROCSOP· Book to Tax differences  General:· Provide feedback on performance and development needs of other team members· Develop and provide technical training programs to the Tax group and its partners· Participate in the Tax Group's recruitment process· Interpret and implement current tax policies in order to comply  with regulatory standards · Identify tax and accounting issues for complex securities· Represent Fund's tax issues at Treasurer's Meetings to determine final distribution rate· Represent Fund's tax issues at audit meetings with fund accounting and the auditors.· Participate in the development and implementation of Tax group goals· Participate in Company/Division wide Initiatives· Coordinate and ensure timely and accurate K-1 information is received for the MLP's held by the Funds   Education and Experience:·  BA in Accounting or Finance – advanced degree desired.  Tax course work helpful.·  3-5  years of Mutual Fund or Partnership Tax accounting or related experience·  RIC Tax, Partnership Tax or securities taxation preferred Skills and Knowledge:·  Strong PC skills·  Organized, able to manage multiple priorities·  Detail oriented, able to meet critical deadlines·  Team player & leader·  Strong analytical and communication skills·  Able to work independently Company overview:Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of February 29, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.