Tax Manager, AVP Job in Boston, Massachusetts US
Tax Manager, AVP
JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. If you're interested in working in an environment where leadership, excellence, integrity and diversity are among our core principles, then explore the opportunities at JPMorgan Chase. Further information about careers at JPMorgan Chase can be found on our website: www.jpmorganchase.com . MAJOR RESPONSIBILITIES: 1. Plan and monitor tax department activities and provide review and guidance in regards to the preparation of: · Partner level income allocations in accordance with code section 704(c); · Annual security tax adjustments and allocation of adjustment to partners capital accounts · Monthly reconciliation of income allocated and partner capital balances between transfer agency, fund accounting and partnership systems · Form 1065, Schedules K-1s and all applicable state filings · NRA distributive shares for foreign partners upon redemption and at taxable year end 2 During peak cycles, provide review and guidance in regards to the preparation of: · Fiscal and excise tax provisions including complete and accurate disclosures (ie ROCSOP, 60 day IRS Notices) for financial statement purposes as well as verifying the accuracy of proposed excise and subchapter M distributions; · Federal (Forms 1120RIC, 8613,and other applicable filings) and state tax returns; · Year-end shareholder information in accordance with IRS timetables. 3. Assist in business development efforts in the alternative products arena, focusing upon the private equity space, by participating in client discussions, product demonstrations, pricing proposals and by researching any unique entity tax issues. 4. Become actively involved in the analysis of alternative product offering documents to assess operational and/or tax issues. 5. Identify potential tax issues and provide guidance on the tax treatments of complex financial instruments and transactions. 6. When necessary, perform a review of the IRS regulated investment company (RIC) qualification tests and provide guidance under IRC section 852. 7. Monitor federal and state tax law changes by referencing resources such as CCH and becoming involved in outside tax committees. 8. Through research, propose enhancements to fund policies and procedures to address evolving RIC and security tax laws. 9. Develop supervisors and staff through technical training and providing assignments that are challenging and thought provoking. In addition, allow supervisors to become more visible to the client through their participation in meetings and involvement in client specific issues. 10. Conduct semi annual performance reviews for supervisors by providing timely and concise feedback. This process includes developing clear objectives and a development plan for each supervisor to follow. 11. Hire and maintain, a well educated, experienced diverse workforce that helps make JPMIS the Employer of Choice.