Director, Tax
CIM Group, LP•Los Angeles, CA
•$155,000 - $215,000
About The Position
The Tax Director is responsible for the overall tax functions for assigned funds and underlying assets, including managing internal teams, tax service providers, workstreams, and projects. The role collaborates with accounting, investment, legal, and portfolio oversight teams to manage funds effectively and minimize tax risks. The Director communicates tax risks and alternatives in practical, business-focused terms; oversees tax compliance, allocations, investor tax documentation, and REIT qualification; and uses technology and data analytics to improve tax operations.
Requirements
- Bachelor’s degree in accounting, finance, or a related field.
- At least 8 years of previous tax accounting experience at a public accounting firm or asset management firm.
- Extensive partnership experience in large open-end real estate equity and/or credit funds.
- Extensive experience with equity and mortgage REIT qualification issues and quarterly and annual REIT compliance and reporting requirements.
- Private equity real estate tax experience, including U.S. tax issues and structures for foreign investors (ECI, FDAP, and FIRPTA) and U.S. tax-exempt investors (UBTI).
- Self-driven, with strong initiative and eagerness to learn and grow.
- Excellent verbal and written communication and interpersonal skills for working with internal and external stakeholders.
- Strategic thinking and ability to align tax strategies with business objectives.
- Strong work ethic.
Nice To Haves
- Experience at a Big Four firm with a strong real estate, credit, or investment management practice is preferred.
- Experience with state non-resident withholding.
- MBT, CFA, or another additional designation.
Responsibilities
- Communicate tax risks and alternatives clearly to investments, portfolio oversight, fundraising, sales, legal, and accounting teams, translating complex tax concepts into actionable business advice.
- Develop processes with fund administrators to ensure partner and tax allocation information for open-end funds is delivered accurately and on time to tax preparers.
- Ensure investor W-8 forms are adequately reviewed and claims for treaty benefits are granted.
- Ensure tax allocations associated with carried interest or promote paid by assigned funds are as tax efficient for the manager as possible.
- Advise fund accounting on proper execution and accounting of fund-level and investment-level tax structures.
- Manage internal accounting teams, fund administrators, and external tax preparers to deliver timely and accurate tax compliance, including tax returns, Schedule K-1s, quarterly federal and state corporate income taxes, withholding taxes, and quarterly and annual REIT qualification requirements.
- Perform tax technical research and work with external legal counsel and tax providers to identify tax risks, align on tax positions in real time, and streamline tax reporting.
- Collaborate with the tax team to communicate fund tax issues and their potential implications to other team members.
- Work with investor relations to respond to ad hoc tax information requests from prospective and existing investors.
- Apply tax technology, automation tools, and data analytics platforms to improve tax compliance, reporting accuracy, efficiency, and scalability.
Benefits
- Medical, dental, and vision benefit plans
- Health Savings Account with employer contribution
- Company-paid life and disability insurance
- 401(k) savings plan with company match
- Paid time off, including vacation days, 10 designated holidays, sick time, and bereavement leave
- Up to 16 hours of volunteer time off
- Up to 16 weeks of paid parental leave
- Ongoing professional development programs
- Wellness program with monthly and quarterly prizes
- Competitive compensation plan
- Bonus pay eligibility
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What This Job Offers
Job Type
Full-time
Career Level
Director
