Associate Director of Tax (Asset Management) - Daley and Associates

Associate Director of Tax - Cambridge - Asset Management

Our team is working with a leading Asset Manager with 30B in assets across multiple investment strategies is looking to hire an Associate Director of Tax to their growing team. The ideal candidate will be familiar with derivative strategies to capture market exposure and related tax issues, GAAP, and other fair value financial reporting principles, in order to assist with the preparation of various tax returns including 1065s, 8802s, 1042s, and the tax treatment for various foreign investment corporations, including PFICs and Foreign Controlled Corporations. This will report into the CFO.

Responsibilities:

• Act as internal subject matter expert on asset management tax and accounting requirements and approaches.

• Work with the tax team to provide timely, accurate, and complete information for preparation of tax returns, and proactively identifying new/extraordinary investment activity and potential tax issues throughout the year.

• Review tax returns prepared by outside consultants to ensure accuracy related to investment activities.

• Have a thorough understanding of business processes and their risk implications; be able to analyze complex situations, reach appropriate conclusions, and make value-added and practical recommendations.

• Maintain analysis to provide ongoing estimates of investment income excise taxes.

• Liaise with the central Financial Accounting and Reporting team on matters related to investment accounting with respect to MIT’s general ledger and preparation of MIT’s and its Retirement Plans’ annual reports.

• Responsible for regulatory and rating agency reporting in consultation with the Legal Team regarding US and non-US requirements, as appropriate.

• Responsible for audits for investments and managed investment affiliates 

• Build and maintain relationships with existing external investment managers, communicating proactively on tax issues when they arise.

• Serve as a member of the Operations Strategy Committee, helping to structure and enable new investments.

Qualifications:

• Bachelor’s Degree in Accounting, Finance, or related field; CPA strongly preferred.

• 10 years’ experience in asset management, financial and tax accounting, both liquid and illiquid strategies.

• Expertise on GAAP accounting requirements and tax rules as they apply to investment companies and private fund structures

• Understanding of real estate operating and development activities is a plus.