Portfolio Accounting & Tax Manager

at  Morningstar Inc

Portfolio Accounting & Tax Manager

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Distributions and financial reporting

• Manage the quarterly and year-end trust distributions, income tax returns. BAS returns and annual trust financial statements processes (with support from external custodian/administrator and tax advisor).
• Review of monthly accounting package for the trusts (including trial balances) from external custodian/administrator ensuring the accuracy of accounting recognition.

Financial management, budgeting & forecasting

• Manage the group’s input to budget and forecasting processes (covering trust, managed account and advisory client fees as well as expense accruals)
• Manage running expense accruals process (quarterly modelling and update) and trust ICR calculation and reporting.
• Manage monthly revenue and fees/expenses recovery process including provision of management information (FUM/FUA, financial results/charts etc)
• Commissions calculation monitoring and offshore liaison
• Review and provision of performance based revenue recognition

Business Improvement & innovation

• Provide advice on, primarily from an accounting/ financial/ tax perspective, and management of key projects as requested (e.g FATCA, Managed Investment Trust tax changes, integration projects, tax impacts of trust rationalisation)