Vice President, Tax Reporting & Compliance I in Frankfurt am Main bei The Bank of New York Mellon Corporation

The Bank of New York Mellon Corporation

Group Manager, Real Estate Tax Reporting & Compliance (70587)

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BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We’re seeking a future team member for the role of Group Manager, Real Estate Tax Reporting & Compliance to join our team. This role is located in Frankfurt, Germany – Hybrid model.

In this role, you’ll make an impact in the following ways:

Ensure tax compliance in Germany and in foreign markets for more than 30 open-ended Real Estate funds (both, ‘Immobilienfonds’ and ‘Immobilien-Spezialfonds’ in the meaning of the German Investment Tax Act (GITA; in German: Investmentsteuergesetz) and for one closed ended fund. This includes particularly the following tasks:
- Reconcilition of the so called ‘Feststellungserklärungen’ and the ‘Überleitungs-rechnungen’ under the GITA
- Calculation and ongoing maintenance of the real estate ratio under the GITA
- Preparation and reconciliation of German and foreign corporate income tax returns for Real Estate companies and directly held property
- Preparation and reconciliation of German and foreign value added tax (VAT) returns, including the maintenance of input-VAT adjustments under Section 15a of the German VAT Act and the declaration of VAT under the so called ‘reverse charge’ mechanism under Section 13b of the German VAT Act
- Preparation and reconciliation of the German withholding tax returns
- Management of the timely submission of German and foreign tax returns and the subsequent tax payments within the legal deadlines
- Calculation of capital gains tax accruals
- Calculation of depreciation and amortization
- Answering tax-related questions of the fund managers
- Answering questions of tax authorities, particularly during audits
Provides oversight and sets priorities for a team responsible for preparing and maintaining Real Estate related tax and regulatory records, returns, and reports for external clients.
Assists clients with development of tax and other regulatory strategies and makes recommendations for compliance with regulations.
Manages the performance of teams and sets area priorities.
Designs metrics customized to respective clients and monitors work output to ensure client satisfaction.
Presents analysis and tax and other regulatory strategy recommendations to clients pertaining to regulatory changes or client-specific fund changes.
Oversees allocation of resources across multiple teams and processes for conducting calculations and reporting on behalf of clients.
Partners with Corporate Tax to monitor the regulatory landscape.
Leads development of resulting recommended process changes.
Recruits, directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
Manages a team of Tax Reporting and Compliance professionals and support staff.
Responsible for the achievement of multiple team goals and objectives, talent management and supervision of team members.

To be successful in this role, we’re seeking the following:

Bachelors degree in a business discipline or the equivalent combination of education and experience is required.
7-10 years of total work experience (preferably at a German Real Estate Kapitalverwaltungsgesellschaft or at a Real Estate tax compliance team of a tax consultancy firm) and 1-3 years of management experience preferred.
Experience in Real Estate tax reporting and analysis preferred.
Language requirement; English and German

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