Tax Manager (PE-RE)
About The Position
This role sits directly with one of Petra's clients, an established alternative investment manager with a long-standing real estate investment platform. The firm takes a fundamental, value-oriented approach to investing and operates across real estate debt and equity strategies, including complex joint ventures, closed-end and open-end funds, and opportunistic investments. The Tax Manager will work closely with senior tax leadership and the broader accounting and asset management teams, with responsibility across joint venture, fund, property, and management company tax accounting and compliance. This is a hands-on role requiring strong partnership tax knowledge, real estate expertise, and the ability to oversee complex tax reporting across a sizable investment portfolio.
Requirements
- 7+ years of progressive tax accounting experience, with meaningful experience in the real estate industry and complex investment fund structures.
- CPA required.
- Advanced knowledge of partnership taxation.
- Experience preparing and reviewing tax workpapers and tax returns, including reconciliation of book-to-tax differences.
- Hands-on experience maintaining 704(b) and tax capital accounts for closed-end and open-end funds.
- Experience with real estate joint ventures, fund structures, REITs, and/or Opportunity Zone investments.
- Experience with ASC 740 tax provision reporting.
- Advanced Excel skills, including the ability to create and maintain complex tax waterfall models.
- Ability to manage multiple priorities and deadlines across a complex investment platform.
- Detail-oriented, organized, and proactive, with a high level of ownership.
- Clear written and verbal communication skills and the ability to work effectively across internal teams and external partners.
Responsibilities
- Review quarterly and year-end reporting packages prepared by property managers, CPA firms, and joint venture partners across a portfolio of 50+ properties.
- Prepare year-end tax projections, tax estimates, and K-1 estimates.
- Review tax workpapers, tax returns, and payment vouchers prepared by third-party CPA firms.
- Review and monitor 704(b) and tax capital accounts for both closed-end and open-end funds.
- Ensure timely filing of tax returns, notices, and payments.
- Prepare annual ASC 740 reporting packages and related tax provision calculations.
- Maintain joint venture entity and fund-level tax leverage analyses, registers, and supporting schedules.
- Monitor REIT and Opportunity Zone compliance processes, including review of related compliance workpapers.
- Assist with tax withholding compliance, including E&P calculations and review of Form 1042 filings.
- Prepare and/or review responses to tax notices received from federal, state, and local agencies.
- Research technical tax matters and prepare supporting memoranda as needed.
- Maintain and review complex partnership tax allocations across fund and joint venture structures.
- Reconcile book-to-tax differences and maintain 704(b) and tax capital accounts.
- Create, maintain, and update advanced Excel-based tax waterfall models.
- Support tax planning and analysis across fund structures and investment vehicles.
- Assist with investor inquiries related to tax estimates, projections, and reporting.
- Partner closely with the Asset Management team on tax matters and ad hoc requests.
- Coordinate with third-party CPA firms, property managers, joint venture partners, and other external service providers.
- Work collaboratively across Tax, Accounting, Asset Management, and other internal teams to ensure accurate and timely reporting.
Benefits
- 90% covered medical, dental, and vision insurance premiums
- Fully funded Health Savings Account (HSA) employer contributions up to the IRS maximum
- 401(k) employer match at 100% of your contributions up to 5% of compensation, with immediate vesting
- Flexible paid time off
- Generous holiday calendar
- Hybrid work environment
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What This Job Offers
Job Type
Full-time
Career Level
Senior
