Global Funds Management provides a centralized oversight program for various SSGA products and services by implementing, managing and/or overseeing the administration, tax, treasury, fund governance and regulatory reporting requirements for SSGA funds.

Why this role is important to us

The strategic objective of the role is to ensure appropriate tax withholding and refunds are executed upon in a timely manner, reporting is undertaken where required, and is done so within the regulatory framework of the tax jurisdictions of the securities issuers.

What you will be responsible for

• NRA/US withholding and reporting:
• On a daily basis calculate US sourced income attributable to non-US participants
• On a quarterly basis, aggregate US sourced income attributable to non-US participants, and calculate withholding due based on pre-determined withholding rates applicable.
• On a quarterly basis, collate trade files to redeem units from non-US participants’ accounts to fund US withholding due.
• On an ad-hoc  basis, at liquidation of a non-US participant’s holdings, calculate US withholding due for funding at liquidation
• Validate US tax forms from the Forms W-8 series for validity and applicable withholding rates. Update information from the forms in appropriate locations accurately.
• Assist with 1042-S reporting.
• Common Trust Fund tax reclaims:
• Request and review dividend information from the custodian.
• Extract ownership reports from participant record keeping system.
• Execute allocation of fund level dividends to participant level via approved methods.
• Assist with reconciling data provided from the custodian to
• ensure accurate application of participant level reclaims.
• Assist with the creation of client level profiles in the custodian’s tax reclaim system.
• Track receipt of tax reclaim payments.
• Assist with the execution of payment of tax reclaims to investors.

What we value

• Must be proficient in Excel and MS office products
• Strong understanding of tax reclamation process
• Detail oriented, organized
• High level of initiative and ownership
• Strong verbal communication skills
• Quality focus

Preferred Skills

• Good numerical and analytical abilities
• Ability to work under pressure and to tight deadlines
• Excellent attention to detail
• Good communication skills – both verbal and written
• Team player
• Very good English

Additional requirements

• Self-motivated
• Enthusiastic
• Self-reliant

   

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers