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Job Title

Senior Tax Associate

Company : Arrow Search Partners

Location : new york city, NY

Created : 2021-03-13

Job Type : Full Time

Job Description

About The CompanyOur client, is a top family office in NYC looking to hire a Senior Tax Associate. This role is based in New York City reporting to their Director of Tax.Responsibilities Assist in managing the review of partnership tax returns including associated K-1s for private equity and hedge funds Review tax estimates and final tax schedules for more than 20 entities, comprised of a diversified group of investors Coordinate and review tax allocations of partnership income, inclusive of special allocations and basis tracking Gather and analyze complex financial information related to tax reform, PFIC, CFCs, etc. Assist in gathering, assembling, and preparing supplemental foreign filing forms, including: Form 1042, 8865, 8858, 5471, 8621, and 926 Manage the tax compliance process, research complex tax issues and supervise service providers to deliver accurate tax reporting Assist Client Service, Legal, Compliance, Advisory, and Front Office teams in fulfilling tax-related requests Provide coaching and training to the Fund Accounting team regarding tax issues Participate in ad hoc special projects and help develop process improvements related to increasing efficiency of the group Requirements Undergraduate degree in accounting or taxation Licensed CPA 3-6 years of professional experience with a strong background in partnership taxation with an emphasis on private equity and hedge funds and the flow through treatment to investors Extensive knowledge of investment fund tax accounting concepts including partnership tax accounting, tax allocations, and management and incentive fees Direct experience working with carried interest provisions and comfortable with the following concepts: distribution waterfalls, return of capital, preferred returns, catch-up tranche, hurdle rates, and "clawback" provisions Exposure across asset classes including equities, fixed income, repurchase agreements, futures, FX, and OTC products Experience structuring funds with domestic and foreign investors Strong Excel skills and knowledge of tax systems are required; exposure to Advent Geneva or experience using accounting and general ledger systems a plus Strong communication and interpersonal skills and an interest in engaging with investors, financetax colleagues, and senior management Compensation & Benefits $90,000-$125,000 Base Salary Competitive Year-end Bonus 401K with generous Match Free Benefits