Tax Director Investments

1 Financial Center, Boston, MA 02111, USA Req #109

Friday, January 24, 2025

Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently oversees approximately $400 billion in assets under management for global clients spanning more than 50 countries. We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Our culture centers on our shared IDEALS, the core characteristics of who we aspire to be as employees and an organization: Inclusive & Diverse, Dedicated to Teamwork, Excellent, Accountable, Leaders, Solution-Oriented.

Loomis Sayles is committed to the continual improvement of our performance, processes, and people. As part of this commitment, we are looking to hire an enthusiastic and passionate candidate, eager to contribute to our continued success through the following employment opportunity:

About the Role

The Growth Equity Strategies (GES) team is seeking a highly motivated and commercially minded Tax Director-Investments to lead our tax-related efforts with a demonstrated history of working in the investment management industry. This individual will work with the investment team to review tax implications to portfolios and help guide investment decisions through a tax lens. The ideal candidate will have deep expertise in tax matters related to equities, derivatives, fund accounting, and trading-related implications. The individual must be able to work collaboratively and independently in a fast-paced environment and demonstrate great attention to detail.

The role involves in-depth collaboration with portfolio managers, equity research analysts, traders, and various operational, legal, and compliance roles. To excel in this role, the Tax Director must have a comprehensive understanding of tax principles and tax law, particularly those related to the investment industry, fund administration, and accounting. This includes knowledge of various mechanisms such as custom in-kind baskets in instruments such as ETFs and other fund structures. The role also requires the ability to create formal processes, draft policies and procedures, and update fund documentation as needed. This ensures that the investment strategies align with tax regulations and optimize tax efficiency.

About the Team

We manage equity portfolios for institutional and retail investors and the team has $89.5 billion in assets under management as of 12/31/2024. We serve a global client base in the US, the UK, Europe, Asia, South America, and the Middle East.

Team's Philosophy and Process: We are an active manager with a long-term, private equity approach to investing. Through our proprietary bottom-up research framework, we look to invest in those few high-quality businesses with sustainable competitive advantages and profitable growth when they trade at a significant discount to our estimate of intrinsic value.

Job Responsibilities

• Direct collaboration and interaction with our investment team and trading desk to review portfolios and transactions from a tax efficiency perspective.
• Responsible for creating a formal process, drafting policies and procedures, and updating fund documentation as needed.
• Develop deep understanding of GES Investment philosophy to help develop policies in line with our process.
• Act as a liaison to internal teams, including Operations, Finance, Legal, and Compliance areas.
• Participate in analysis of securities transactions including wash sales, constructive sales, straddles, and qualified dividends.
• Assess tax impacts on portfolios and develop tax arguments to support conclusions.
• Document/develop tax and accounting policies and procedures. Assess and evaluate reporting processes and systems to ensure they are efficient and effective. Work with internal technical resources to enhance existing processes and develop new systems as required.
• Lead initiatives to enhance the use of technology and data analytics in tax compliance and reporting processes.
• Establish controls and reporting mechanisms to ensure adherence to local, national, and international tax regulations.
• Contribute thought leadership by staying ahead of trends and sharing insights on tax developments affecting the asset management industry.
• Occasional project work for investment team initiatives.

Qualifications & Education Requirements

• Masters in Accounting/Taxation required.
• LLM or JD preferred.
• 7-10 years’ experience in a law firm, accounting/auditing firm, or tax or fund administration department at an Investment Management firm.
• Familiarity with taxation of a variety of financial products including equity investments, derivatives, commodities, and ETFs.
• Excellent analytical, technical, and tax expertise in tax laws in the US and globally.
• Deep understanding of equity markets and/or ETFs.
• Strong interpersonal skills and the ability to work well both independently and in a team environment.
• Understanding of tax implications.
• Ability to work closely with team members and individually to efficiently meet deadlines.
• Great attention to detail.

Additional Requirements:

The team works a hybrid schedule and you will be required to be in the office on Tuesdays, Wednesdays, and Thursdays.

EEOC and Diversity Statement
Loomis Sayles is deeply committed to building a diverse and inclusive workforce in which talented individuals can realize their full potential and contribute to our growth and success. Please consider applying for this role even if your work history and skillset doesn’t completely match the job description. We believe creativity, tenacity, and humility are as valuable as specific skills that can be practiced and perfected on the job. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.