Global investment firm is seeking a sharp Vice President of Tax at their offices in New York OR Los Angeles.  The Vice President of Tax will work with the Head of Tax Reporting and will oversee all strategic tax planning, preparation and review of the tax provisions (including excise taxes), and tax information reporting for the firm’s public credit funds that are regulated investment companies (“RIC”). One of the firm’s large public credit funds invests primarily in debt and non-control equity investments, but also has a history of acquisitions that have included control equity positions, and holds several equity positions in blocker corporations.

This position is responsible for assisting with all tax matters across the various public credit funds that are primarily taxed as RICs. The VP of Tax will work closely with outside accounting firms, fund accounting and FP&A teams to ensure the quality of internal tax operations and regulatory tax filings. As part of a dynamic rapidly growing environment, opportunities should arise to assist other silos.

RESPONSIBILITIES

• Liaise with accounting teams and tax advisors overseeing compliance with the RIC qualification tests
• Determination of taxable income, including calculation of E&P estimates and spillover income and monitoring and documenting book/tax differences
• Ensure transactions in the portfolio are properly accounted for as well as determining proper flavor (i.e., ordinary or capital)
• Calculation and publication of “QII” notices and answering questions from stockholders
• Calculation of tax provisions for corporate investments and tacking tax basis for partnership and corporate investments
• Oversight of the preparation of federal and state and local tax returns by outside accounting firms and reviewing for accuracy
• Review and manage the process of preparation of quarterly taxable income estimates
• Assist in the review of US withholding issues, including reporting for Form 1099 and Form 1042
• Respond to notices from federal, state, and local tax authorities

QUALIFICATIONS

• Bachelor’s degree required.
• CPA license preferred.
• 10+ years of corporation, partnership, and regulated company (RIC) tax experience
• Combination of public accounting and in-house experience with an investment firm, preferred
• State and international tax filing requirements and issues, tax planning and compliance, and similar tax concepts
• Inbound and outbound investment activities such as passive foreign investment company issues, withholding tax issues, and related reporting requirements
• Business development company (BDC) experience preferred.
• The ability to absorb complex tax concepts (with an emphasis on credit and partnership/corporate investments), possess a broad base of experience in all federal and state tax matters, with international tax also an area of involvement
• The ability to support innovative processes and approaches to problems in an ever-growing business; instinctively seeking ways to improve efficiency
• 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 and other relevant information to business and investment professionals and then be able to respond to questions from such professionals. Need to be able to understand economics of investment and translate into “taxes” then be able to articulate the tax effects to investment team.
• Advanced skills in Microsoft Office, tax research, and other financial applications.
• Team player is a must.

Posted On: Tuesday, April 9, 2024
Compensation: $175K-$250K + $75K-$100K Bonus