AIS Tax Analyst Sr Job

AIS Tax Analyst Sr (Job Number: 1308185)

Description

Responsibilities include, but are not limited to: Work with clients, their CPA firms and attorneys to implement new or modified hedge and/or private equity fund tax structures.. Work with clients to address tax questions posed by their investors. Review book allocations in HedgeTek on a monthly basis. Validate reports prepared by tax analysts, reviewing the analysis of tax adjustments, including amortization, Section 988 (multicurrency bifurcation rules) and Section 1256 (futures traded on regulated exchanges) characterization, etc. Coordinate with external service providers (e.g., Gainskeeper) to provide accounting market information needed to perform analysis of client portfolio transactions to apply complex tax adjustments, Review market based information provided by the third party (Gainskeeper or Wall Street Concepts) to ensure accuracy. Reconcile and validate all reports and workpapers (both for internal use and those furnished to clients or their auditors) prior to release. Review and analyze final versions of K1's, tax returns, and work papers performed by tax analysts'. Perform tax adjustments, prepare tax work papers and K1's for complex global entities. Review tax estimates. Coordinate with Accounting and Investor Services to ensure consistent and accurate information flows. Update and maintain client calendar of key events in the tax preparation, reporting and audit cycle. Prepare Federal and State K1's and Tax Returns. Coordinate with client and their CPA representative to resolve complex tax issues. Prepare Fin 48 (potential exposure) analysis and review Fin 48 prepared by other Senior Tax Analysts. Identify other potential disclosure related to tax matters. Work with AIS offices in Europe to coordinate any German or other European Union tax issues. Good understanding of hedge and/or private equity fund tax regulations with ability to develop global expertise. A deep understanding of, and an ability to evaluate and establish a context among GAAP accounting, transfer agency and tax services being performed. An understanding of the complex strategies being perused by the fund managers since intent often drives the correct application of tax methodology. Tax complexities include the relationship among financial instruments (including derivatives) held by a portfolio. The incumbent needs to be current on the tax laws and interpretations that govern the recognition of income for these instruments. Fund structures are driven, principally, by tax considerations in the alternative vehicle space. Our clients and their investors view the tax information provided by the company, as perhaps the most critical single deliverable. The ability to interpret and quickly respond to the very complex inquires raised by clients and/or investors, is critical, as is the ability to communicate in a clear and precise fashion, the information required. The tax function in the Alternative vehicle space requires advanced written and oral communication skills both internally and externally. Externally, because alternative vehicles are typically structured to achieve certain tax results and there is significant client interaction. Internally, communication skills are essential, since the tax information ties together all of the upstream processing, that is required to value a fund, and is then furnished to investor services, as a key component of the client and end investor deliverable.

Qualifications

BS. MBA or MS in taxation or CPA preferrred. 5-6 years of progressively responsible experience in securities or fund accounting and valuation, coupled with tax analysis for returns and experience in preparing tax returns according to tax law for hedge and/or private equity fund partnership entities. 7+ years of progressively responsible experience in securities or fund accounting and valuation, coupled with tax analysis for returns and experience in preparing tax returns according to tax law for hedge and/or private equity fund partnership entities preferred.

Primary Location: United States-USA-NY-New York
Internal Jobcode: 31190
Job: Asset Servicing
Organization: Asset Servicing - Americas-HR09084

July 16, 2013 • Tags:  • Posted in: Financial

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