Tax Associate
PRIMARY FUNCTIONS AND ESSENTIAL RESPOSIBILITIE
• Work with the Tax Manager to prepare quarterly taxable income estimates including preparation of K-1 equivalents for various investors
• Prepare year-end tax packages for various partnership, corporate and foreign entities including PFICs. Tax packages include preparation of book/tax adjustments, partnership allocations, income and capital account reconciliations, and market discount calculations for use by Big 4 accounting firm in preparing year end income tax returns and reporting
• Work with Big 4 accounting firm in the preparation of year end K-1s for all Fund Investors. Review K-1s and tax returns prepared by accounting firm for accuracy and completeness
• Assist in the review of various investments for foreign withholding issues
• Assist in reviewing loan restructuring transactions to determine tax implications of the restructure
• Assist in the determination of reporting requirements for and analyzing income impact of non-US entities and assist in the process of gathering required non-US information
• Prepare and monitor Tax Forms requested by agent banks
• Assist in gathering and monitoring Tax Forms for all Foreign Investors
• Help in the implementation of new FATCA regulations
• Prepare workpapers for withholding on foreign investors for ECI and FDAP reporting and filings as well as for non-resident withhlding returns
• Respond to notices from federal, state and local tax authorities
• Interact with Accounting and Finance professionals throughout the organization as well as outside trustees
• Assist in the preparation and filing of various state, local and sales tax returns including VAT returns for foreign jurisdictions
QUALIFICATIONS344
Education/Certification:
• Bachelor’s degree or equivalent work experience required
Experience Required:
• Minimum 2 years of partnership tax experience, preferably with a large public accounting firm, or combination of public accounting and in-house experience with an asset management firm, with exposure to state and international tax filing requirements a
Requirements:
• The ability to support innovative processes and approaches to problems in an ever growing business; instinctively seeking ways to improve efficiency
• The ability to absorb complex tax concepts (with an emphasis on partnership and financial services industry matters), possess a broad base of experience in all federal and state tax matters, with international tax also an area of involvement
• The ability to operate independently and effectively organize multiple tasks, prioritize and manage multiple assignments under tight deadlines, excellent organizational skills
• Excellent verbal and written communication skills and the ability to present tax issues / information to business and investment professionals and then be able to respond to questions from such professionals
• Advanced skills in Microsoft Office, tax research, and other financial applications.
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