Tax and Financial Reporting Specialist- German Speaker- Fixed Term(12 months) Associate-1 Luxembourg Tax and Financial Reporting Specialist- German  …

State Street Corporation
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
State Street Corporation
in Luxembourg, Luxembourg, Luxembourg
Permanent, Full time
Be the first to apply
State Street Corporation
About Us

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

As an Affirmative Action/Equal Opportunity Employer, we consider applications for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. For more information, for U.S. jobs only, please read our CEO Statement.

Who we are looking for:

Within the State Street Bank International GmbH, Luxembourg Branch in the “Client Delivery Management” division, a motivated team awaits you in the SCD Tax & Financial Reporting department, which prepares a wide range of tax and regulatory reports and evaluations for our German client. You will have client exposure and will need to collaborate with our client, internal and external consultants and colleagues from the Client Delivery Management team (also in Germany) as well as from other servicing departments. The role requires energy flexibility curiosity and excellent interpersonal and communication skills. We want you to develop a deep understanding of fund tax figures and financial reporting to deliver optimal support to our clients.

Why this role is important to us:

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for:
As Tax and Financial Reporting Specialist Associate-1, you will:

  • completeness of fund list (new funds, liquidated funds, name changes, FYE changes etc)
  • ensure that distributions after FYE of funds are calculated & information are distributed in a timely manner
  • calculate liquidation / fusion of funds
  • WM Stammdaten: first time notification, change of data, track publications and check of completeness & correctness
  • get data from SCD via applications or SCD itself
  • proofreading of (half) year end reporting - publication 
  • set-up of dividend evaluation or WHT reclaim per country / year with regard of specific client requirements
  • communication to FA with information considering WHT reclaims paid to fund
  • overall process oversight / completeness of funds with FYE / event (distr., fusion, liquidations, interim distribution)
  • solve client inquiries (regarding past and future distributions (e.g. Forecast of distributions, tax-related questions); WM Stammdaten etc)
  • correction of past tax figure publications (§ 5) with regard to Fokusbank - WHT reclaims (calculation - overview - publication of revised amount)
  • communication of results of WHT reclaim evaluation with client
  • overview of WHT reclaims (filing reclaims, data collection, communication with client, tax offices, third parties involved in process)
  • develop and maintain procedures 
  • analysing and evaluate projects for future tasks (for team) - coordinate with internal and external clients
  • knowledge of actual tax regime in order to give feedback on questions
  • Ability to multitask, ensure accuracy and execute against pre-determined deadlines
  • Accountable for quality and accuracy of results
  • Act in accordance with Risk Excellence as part of our Way Ahead foundation
  • Support the client service experience for internal clients in coordination with A2 or above
  • analytical mind-set in order to handle large data / organizational skills 
  • deep knowledge of actual and past tax regime in order to give qualified feedback on questions / solve inquiries
  • Collaborate with internal and external groups (clients, auditor) to identify, analyze and resolve issues
  • Maintain working knowledge of processing activities (strong knowledge of overall Process Operating Model)
  • Handle complex issues and escalate as needed acting with a sense of urgency
  • How to prioritize tasks, solve inquiry, who to engage from other teams / client
  • Act in accordance with Risk Excellence and draw awareness to colleagues regarding sensitive matters
  • Perform related duties as assigned
  • KPI reporting 
  • WHT reclaim knowledge (filing requirements per country, involved parties, changing requirements) + overview of all open cases
  • responsible for internal and external audit / expertise in understanding whole process / decision model
  • Collaborate for results and problem solvings
  • Establish and maintain good working relationships with internal & external clients and colleagues
  • Communicate professionally and timely while utilizing proper method of communication with business units and clients
  • Share responsibility with lead, manager and staff for accurate and timely responses to internal and external clients and for resolving queries
  • Proactively engage with internal and external clients to resolve complex and recurring issues

What we value
These skills will help you succeed in this role

  • Strong numerical, analytical and problem resolution skills
  • Decent/ Excellent Communication Skills with good external and internal client interfacing skills
  • Ability to work in a high paced environment, be flexible, follow tight deadlines, organize and prioritize work
  • Ability to analyze and resolve project-related issues and follow through with set objectives
  • Excellent IT skills in MS Office

Education & Preferred Qualifications

  • Enthusiastic Tax affine expert (Germen investment tax and international withholding tax)
  • Team Player
  • Self-Motivated and reliant
  • Enthusiastic for new request from our client(s)
  • Uses Initiative
  • Fluent German (spoken and written)
  • Fluent English and knowledge in additional languages are an advantage

About State Street

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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program 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

As part of State Street pre-hire background screening process, we apply a risk-based approach to determine the requirement of carrying out such checks on candidates, including criminal record checks. This role is judged to be sufficiently sensitive to warrant carrying out a criminal record check. By applying for this job you are consenting to State Street completing background checks including criminal record checks.