Tax Supervisor, Officer – Partnership / Alternative Investments recruitment

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 end2
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 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.

Qualifications
EDUCATION:BS in Accountancy or Finance is required, CPA and/or MST is preferred.
EXPERIENCE:Five to Seven Years of RIC and/or Partnership Tax experience required.
Three years of supervisory experience necessary.
SKILLS AND KNOWLEDGE:
thorough knowledge of Partnership taxation and security tax law;
solid understanding of RIC taxation;
solid understanding of other general tax concepts (ie calculation of foreign tax credit limitation, taxability of reorganizations etc.);
ability to challenge the status quo
strong interpersonal skills;
advanced presentation skills;
ability to adapt quickly to change;
ability to identify opportunities for automation to increase efficiencies.