Manager-Tax Operations
Franklin Templeton Investments - Saint Petersburg, FL

This job posting is no longer available on Franklin Templeton Investments. Find similar jobs: Manager Tax Operation jobs - Franklin Templeton Investments jobs

Fiduciary Trust Company International has been a trusted investment manager for individuals, families and foundations for more than 80 years. With world-class capabilities in investment management, trust and estate services, and custody services, we have the expertise to meet the requirements of the most sophisticated clients and their advisors, and can help assure that their families’ needs will be met long into future generations.

In 2001, Fiduciary Trust joined forces with Franklin Resources, Inc., a global investment management company operating as Franklin Templeton Investments. The acquisition presented both companies with an opportunity to expand and enhance their resources, services and global presence by combining complementary areas of expertise.

We are currently looking for a Tax Operations Manager to join the Fiduciary Operations Team.

As part of the comprehensive services we offer, Fiduciary provides unparalleled customized tax services to our clients. The Fiduciary Operations team processes transactions that affect Fiduciary’s Tax Services Department which operates as tax diagnosticians, targeting weaknesses and comprising solutions for the most challenging of issues. The Tax Operations Manager is part of Fiduciary Operations and manages all operational and administrative tax aspects of cost records of individual clients. It functions as a liaison between Tax Services and Fiduciary Operations and is the subject matter expert for tax processing on Fiduciary’s trust accounting system, Global Plus.

Responsibilities include:
Review and document the taxability of all capital change activity by utilizing online services. When tax information is not available via online or other public sources, research, opine and document the US tax treatment of corporate actions and capital change activity.

Instruct and advise the Corporate Actions Group on correct processing of capital change transactions such as corporate mergers, reorganizations, spin-offs, stock splits, etc.

Check that all capital changes are processed correctly as well as answer any questions relating to the transactions, verify the processing and basis adjustments in Global Plus.

Maintain tax cost records on Global Plus, a multi-currency trust accounting system.

Research and implement all return of capital adjustments to client positions.

Respond to inquiries on how transactions are processed from a US tax perspective.

Adjust tax cost on any subsequent transactions, where required.

Review the transactions produced by the Corporate Actions Group and other groups within Fiduciary Operations.

Work with the Tax Services Department to periodically review procedures and processing of cost basis, inventory method selection, asset transfer statement or any other processing against IRS regulations to ensure compliance.

Monitor tax law changes and proactively advise on process and/or system changes needed to comply with new tax regulations.

Participate on projects related to tax operations processing.

Participate in seminars and user groups to maintain a network of contacts in the tax industry.


Ideal candidates will have:
Bachelor’s degree in Accounting or related field; a graduate degree in Tax is a plus.

Certified Public Accountant (CPA) license desirable, but not mandatory.

At least 8 years of corporate, individual and trust tax experience.

Big 4 tax experience a plus.

Financial investment products knowledge and experience preferred.

1099 reporting experience preferred.

Knowledge of OneSource or similar tax system required.

Knowledge of Global Plus or similar investment portfolio accounting system experience preferred.

Experience with tax research and knowledge of tax research tools such as RIA, CCH, etc.

Ability to supervise and provide direction to staff in a virtual environment.

Ability to organize and manage the workflow of others.

Strong analytical skills and detail oriented.

Strong verbal and written communication skills.

Ability to exercise independent judgment while implementing solutions to problems or process improvements.

Some travel may be required.

In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.

Highlights of our benefits include:
Three weeks paid time off the first year

Medical, dental and vision insurance

401(k) Retirement Plan with company match

Employee Stock Investment Program

Tuition Assistance Program

Purchase of company funds with no sales charge

Onsite fitness center and recreation center*

Onsite cafeteria*

Franklin Templeton Investments is an Equal Opportunity Employer. We invite you to visit us at

to learn more about our company and our career opportunities.

  • Only applicable at certain locations
Job Function



Primary Location


United States-Florida-St. Petersburg

Other Locations


United States-Florida-Ft. Lauderdale




Job Posting Date


Feb 22, 2013, 5:22:42 PM

About this company
140 reviews
Franklin Resources believes a penny saved is a penny lost -- if it's not wisely invested. Operating as Franklin Templeton Investments,...