Tax Manager, Credit Operations

Millennium • New York, NY

171d • $160,000 - $250,000

About The Position

The Tax Manager will join a dynamic US tax team to help lead tax compliance on cutting edge private credit fund structures and associated investments, as well as other potential entities and investments/strategies, with a particular emphasis on illiquids and alternatives.

Requirements

• A minimum of 7+ years of progressive fund taxation experience, with experience in a Big 4 accounting firm and preferably a leading credit fund or other alternative asset manager
• Experience with typical holding structures for alternative/illiquid investments
• Experience with complicated US partnership tax considerations in connection with carried interest/incentive plans using profits interests
• Possess strong knowledge of US tax rules relevant to financial products and credit investments including but not limited to syndicated loans, high yield bonds, direct lending/origination, distressed debt, and collateralized loan obligations, significant modifications, OID and market discount, 163(j), 864(b) and effectively connected income
• Bachelor’s degree in Accounting or related field
• CPA license
• Advanced Microsoft Excel skills
• Strong oral and written communication skills
• Demonstrated ability to effectively collaborate both within a team and cross-functionally

Responsibilities

• Manage all relevant federal, state, and local partnership and corporate tax return filings, estimates, payments/accruals and tax audits, including reviewing and/or preparing complex tax allocations and securities adjustments, for private credit and other illiquid/alternative investment structures and products, as well as related carried interest/incentive plan partnership vehicles
• Manage engagements with external Big 4 accounting firms and other external service providers
• Help advise Portfolio Managers and other key stakeholders, alongside internal and external tax advisors, regarding US tax considerations associated with the relevant holding structure or investment portfolio
• Assist with formulating a transfer pricing and/or cost allocation framework for holding structures
• Collaborate with the US (and non-US, when relevant) tax team on broader hedge fund tax matters, including tax compliance and tax advisory support for the business
• Contribute to a high-performing and efficient tax team
• Work with cross-functional teams and related tax functions, including legal analysis, structuring, and tax technology to ensure comprehensive tax compliance and strategic alignment
• Drive continuous improvement initiatives to enhance tax compliance processes and implement best practices across the organization

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees