Tax Director - Private Credit

Invesco Ltd. • Dallas, TX

311d

About The Position

The Tax Director for Private Credit Funds is responsible for the strategic development of tax related policy and documentation, oversight of third party service firms and being an active participant in business related decisions to help make proper tax determinations while mitigating tax related risks for Invesco’s Private Markets Credit Funds. Invesco relies on third party providers for preparation of tax reporting requirements and for strategic advice on fund level and investment level tax topics. The Tax Director for Private Credit Funds will manage these relationships and serve as a liaison between Invesco functions and tax advisors, assisting fund and investment teams with strategic tax decisions.

Requirements

• Masters degree in accounting/finance, CPA required.
• Minimum of 12 years of tax experience specializing in Credit Funds, including Direct Lending, Distressed Lending, and CLO Funds.
• Big 4/public accounting background highly desired, Senior Tax Manager level or higher.
• Thorough understanding of Private Credit Fund tax issues, tax filings, and investment holdings.
• Expertise in Private Credit Fund structures/vehicles.
• Experience leading complex tax related initiatives and interpreting tax guidance for business leaders.

Nice To Haves

• Proficient in Microsoft Office.
• Strong technical accounting tax knowledge is required.
• Excellent verbal and written communication skills.
• Ability to multi-task and work in a fast pace growing environment.
• Ability to develop strong working rapport with outside vendors on tax related deliverables.
• Team oriented and strong interpersonal skills very important.
• A demonstrated reputation for excellence and achievement.

Responsibilities

• Managing internal tax senior manager, outsourced tax compliance, and outsourced tax advisory relationships.
• Tax structuring for private credit funds, including existing funds and new product launches.
• Taxability of transactions, including loan origination, distressed debt, debt restructuring, and CLOs.
• Onboarding of new investors with respect to FATCA, CRS, and other similar tax regime reporting requirements.
• Accounting for income taxes under ASC 740.
• Tax estimates, including complex partnership allocations.
• Withholding associated with foreign earnings/dividends/distributions.
• Entity dissolution as it relates to tax filings.
• Corporate tax estimates.
• Tax impact/pro forma calculations for potential investors.
• General client tax questions.
• Liaison between US and international tax teams.
• Education of internal teams or clients on new tax rulings/changes in tax code.
• Departmental tax policies and positions taken.
• Tax engagement logistics for Funds/JVs.
• Tax tracker monitoring.
• Review procedures for returns.
• Control owner for Private Credit Funds SOX topics.
• Support for Closings Team IRS/State tax notices.
• Tracking acquisitions/dispositions of legal entities related to tax filings.
• Other duties as assigned.

Benefits

• Flexible paid time off.
• Hybrid work schedule.
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution.
• Health & wellbeing benefits.
• Parental Leave benefits.
• Employee stock purchase plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Master's degree