Tax Manager - RIC and Financial Products Technology

Deloitte•Boston, MA

134d•$129,225 - $215,375•Hybrid

About The Position

This position is for a Tax Manager within the RIC and Financial Products Technology team, focusing on serving leading hedge and private equity firms, insurance companies, and banks. The role is part of National Federal Tax Services (NFTS), a national practice within Deloitte Tax LLP. The team utilizes proprietary software and data management knowledge to assist clients with complex tax and reporting needs for portfolios containing fixed income, equities, and derivatives. The team is described as entrepreneurial with a work-hard/play-hard mentality, providing tax planning and compliance support for large organizations across various industries.

Requirements

Ability to perform job responsibilities within a hybrid work model that requires US Tax professionals to co-locate in person 2 – 3 days per week
5+ years of full-time professional experience
Bachelor’s degree in accounting, finance, MIS, or related field required
Practical knowledge in equity and fixed income financial products, income tax principles, RIC taxation and/or project management
Big 4 or fund administration experience or equivalent
Data Analytics experience and solid technology skills
Ability to travel up to 25%, on average, based on the work you do and the clients and industries/sectors you serve
Limited immigration sponsorship may be available
One of the following active accreditations obtained: Licensed CPA in State of Practice/Primary Office if eligible to sit for the CPA, Licensed Attorney, Enrolled Agent, Project Management Professional (PMP), Chartered Financial Advisor (CFA)

Nice To Haves

Advanced degree in Accounting, Finance, LLM or other applicable degree
Proven problem-solving capabilities
Experience serving clients or directly working within the financial services industry
Solid experience in financial system design and implementation
Alteryx, Power BI, Python, SQL, and/or VBA experience

Responsibilities

Manage relationships, ensure timely reporting of milestone and dependency status, monitor risks and issues to escalate, and execute day-to-day management activities.
Oversee analysis on equity, derivative, and debt investments.
Oversee preparation and/or review of taxable income calculations.
Oversee preparation and/or review of taxable income reports.
Communicate with clients, their servicers and/or administrators.
Leverage proprietary software, third party data providers, and automation tools to deliver accurate tax analysis for mutual fund, hedge fund, and insurance clients.
Calculate and/or review taxable income on equity and derivative investments including wash sales, QDI & DRD, REIT & RIC reallocations, PFICs, constructive sales, straddles, section 1256, swaps, and other items using Deloitte’s proprietary security trading analysis platform.
Maintain, enhance, and provide production support for Deloitte’s proprietary regulated investment company (RIC) tax compliance platform.
Lead client engagements: communicate with client and/or internal tax teams, manage and support professionals on our team, develop a game plan to execute on the client engagement and review deliverables.
Perform tax research to address tax technical issues that arise related to financial product related transactions.
Train younger professionals on the technical issues that are applicable in our business.
Develop requirements for system enhancements and ongoing testing of calculations, processes, and reporting.
Support pursuit of new client opportunities and scope expansion for existing client.
Work within a team and support and mentor junior staff.