Tax Manager

Janney Montgomery Scott LLC • Philadelphia, PA

6d

About The Position

The Tax Manager manages key tax compliance and reporting activities for the firm, focusing on partnership taxation, partner equity matters, IRA tax withholding, and state and local tax compliance. Reporting to the Controller, the position serves as the primary internal liaison with external tax advisors and works with Finance, Legal, Human Resources, Payroll, and other stakeholders. The successful candidate will build a detailed understanding of the firm's ownership and equity compensation structures and their tax implications.

The role oversees partnership tax return and Schedule K-1 preparation and review, partner tax distribution calculations and inquiries, IRA withholding and reporting, and personal property, business privilege, and related local tax compliance. It also maintains tax documentation, workpapers, processes, controls, and filing calendars, while identifying ways to improve tax process accuracy and efficiency.

Requirements

• Bachelor's degree in Accounting, Finance, Taxation, or a related field.
• Approximately 6–10 years of relevant tax experience, including meaningful partnership taxation experience.
• Experience with partnership tax compliance and Schedule K-1 reporting.
• Experience working with external tax advisors and managing tax compliance processes.
• Strong analytical and problem-solving skills, including the ability to research and understand technical tax matters.
• Strong organizational skills and attention to detail, with the ability to manage multiple deadlines and responsibilities.
• Effective written and verbal communication skills, including the ability to explain tax concepts to non-tax professionals.
• Ability to work independently and collaborate effectively across functions.
• Strong understanding of tax principles, regulations, compliance requirements, and tax preparation procedures.
• Ability to interpret complex data, identify trends, solve problems, and make informed decisions.
• Ability to manage relationships with external advisors and internal stakeholders.

Nice To Haves

• CPA and/or Master's degree in Taxation.
• Understanding of partnership equity, partner capital, and the tax implications of equity-based compensation arrangements.
• Experience with federal and multi-state tax compliance or withholding requirements.
• Experience in financial services, professional services, asset management, wealth management, private equity, or another partnership-oriented industry.

Responsibilities

• Serve as the primary liaison with external tax advisors for preparation of federal and state partnership income tax returns and Schedules K-1.
• Coordinate collection, review, and validation of information needed for partnership tax returns and K-1s.
• Review partnership tax returns, K-1s, supporting schedules, and tax calculations for accuracy and completeness.
• Develop and maintain an understanding of the firm's partnership structure, partner equity arrangements, and equity compensation programs and their tax implications, including implications of new or modified arrangements.
• Review partner tax distribution calculations and understand the relationship among taxable income allocations, partner capital, and tax distributions.
• Assist with partner inquiries and explain tax reporting matters as appropriate.
• Monitor tax developments affecting partnership and equity arrangements.
• Manage federal and state tax withholding and reporting requirements for IRA distributions, including timely preparation and filing of returns and payments.
• Maintain knowledge of federal and state-specific IRA withholding requirements and monitor changes.
• Partner with internal teams to ensure IRA tax withholding requirements are implemented and maintained.
• Manage personal property tax compliance, including required filings, supporting information, and timely payment.
• Manage business privilege tax and similar local tax filings.
• Coordinate with external advisors on state and local tax compliance matters.
• Maintain tax calendars and supporting documentation to meet filing and payment deadlines.
• Maintain documentation and workpapers supporting tax calculations, filings, and positions.
• Develop and maintain processes and controls for assigned tax responsibilities.
• Identify opportunities to improve the efficiency and accuracy of tax processes.

Benefits

• Paid parental leave.
• Generous paid time off.
• Eligibility for a $2,000 referral bonus.
• Professional Development Assistance Plan.

What This Job Offers

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