Manager -International Tax Business FS

RSM • Chicago, NY

5d

About The Position

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM. RSM’s International Tax Business group is a national practice that focuses on serving the U.S. international tax advisory and compliance needs for our global clients. One of our focus areas include the international tax matters for our financial service clients. Our financial service practice includes asset managers, private equity, investment funds, hedge funds, capital markets, insurance, private credit funds, as well as other investors and fund sponsors. We are looking to add a manager to our team focused on serving internationally active financial service clients. As an International Tax Manager, you will be responsible for the following job duties which focus around three core concepts - Technical & Quality Expertise, People & Talent Management, and Client Service/Business Development as discussed below: Advise financial services clients on international tax planning and structuring which may include ensuring adherence to taxing regime in multiple jurisdictions, analyzing international tax implications of cross-border transactions (e.g., anti-hybrid rules), and developing tax planning strategies to minimize tax liabilities for the ultimate investors in the funds. Review U.S. international reporting required for the above industries, including, but not limited to Forms 5471, 5472, 8865, 8858, 8804/8805, 1042/1042-s, and Schedules K-2/K-3. Ability to build and review tax modelling of clients’ tax scenarios including global intangible low-taxed Income (GILTI), sourcing of income, foreign tax credit (FTC), FDII, foreign currency rules, along with the prospective international tax changes under the OBBBA with respect to the financial services industry such as the net controlled foreign corporation tested income (“NCTI”). Work on multiple complex issues while communicating in a non-technical manner to facilitate communication between the client and the service team while managing the risk for both the client and the firm. Working with RSM member firms around the world. Experience providing both internal and external ITAX training in the financial services area. Team Management: Managing and developing teams of ITAX professionals in the financial services practice, to include; training, mentoring, and supervising less experienced staff. Risk Management: Facilitating the risk and financial performance of engagements, including billing, collections, and budget management. Leveraging technology solutions, implementing tax software tools, and optimizing processes to enhance the efficiency and effectiveness of tax operations. Assist with business development for the expansion of services at new and existing clients, work collaboratively with other practice groups within tax, the firm, and non-U.S. RSM affiliate firms to bring the right services and experience to prospective and existing clients.

Requirements

• Minimum of a Bachelor’s degree in Accounting or related field
• CPA or JD
• Minimum of five (5) years of experience in Public Accounting with a focus in International Tax
• Minimum of two (2) years in the financial services industry
• Experience with International Tax compliance including, but not limited to Forms 5471, 5472, 8865, 8858, 1118, 1042/1042-s, and Schedules K-2/K-3.
• Working knowledge of inbound and outbound tax structuring and planning and compliance with respect to partnerships, foreign tax credits, worldwide tax minimization planning.
• Strong technical skills in accounting, tax preparation and review within the international taxation environment.
• Strong verbal and written communication skills.

Nice To Haves

• Working knowledge of transfer pricing and ASC 740.
• Ability to handle multiple tasks simultaneously.
• Experience with a national or large regional accounting firm.

Responsibilities

• Advise financial services clients on international tax planning and structuring which may include ensuring adherence to taxing regime in multiple jurisdictions, analyzing international tax implications of cross-border transactions (e.g., anti-hybrid rules), and developing tax planning strategies to minimize tax liabilities for the ultimate investors in the funds.
• Review U.S. international reporting required for the above industries, including, but not limited to Forms 5471, 5472, 8865, 8858, 8804/8805, 1042/1042-s, and Schedules K-2/K-3.
• Build and review tax modelling of clients’ tax scenarios including global intangible low-taxed Income (GILTI), sourcing of income, foreign tax credit (FTC), FDII, foreign currency rules, along with the prospective international tax changes under the OBBBA with respect to the financial services industry such as the net controlled foreign corporation tested income (“NCTI”).
• Work on multiple complex issues while communicating in a non-technical manner to facilitate communication between the client and the service team while managing the risk for both the client and the firm.
• Work with RSM member firms around the world.
• Provide both internal and external ITAX training in the financial services area.
• Manage and develop teams of ITAX professionals in the financial services practice, to include; training, mentoring, and supervising less experienced staff.
• Facilitate the risk and financial performance of engagements, including billing, collections, and budget management.
• Leverage technology solutions, implement tax software tools, and optimize processes to enhance the efficiency and effectiveness of tax operations.
• Assist with business development for the expansion of services at new and existing clients, work collaboratively with other practice groups within tax, the firm, and non-U.S. RSM affiliate firms to bring the right services and experience to prospective and existing clients.
• Manage, direct, monitor, and deliver multiple client engagements while maintaining active communication with clients to manage expectations and satisfaction.

Benefits

• Competitive benefits and compensation package
• Flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager