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BNY Mellon

Group Manager, Tax Reporting & Compliance

Frankfurt, Germany


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

Bring your ideas. Make history.
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.

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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
At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:
  • Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
  • Bloomberg's Gender Equality Index (GEI)
  • Best Places to Work for Disability Inclusion , Disability: IN - 100% score
  • 100 Best Workplaces for Innovators, Fast Company
  • Human Rights Campaign Foundation, 100% score Corporate Equality Index
  • CDP's Climate Change 'A List'
Our Benefits:

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

Client-provided location(s): Frankfurt, Germany
Job ID: BNY_Mellon-39897
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Sabbatical
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Performance Bonus
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program