Vice President Tax Manager

The Citco Group Limited
US - New Jersey - Jersey City
May 27, 2024

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we've been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we'll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco's core business, and our alternative asset and accounting service is one of the industry's most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Your Role:
Build new and existing client relationships and demonstrate knowledge of the industry. Work collaboratively with the client and third party auditors in order to resolve tax related issues faced by the client
Analyzed tax allocations for M-1 adjustments such as wash sales, qualified dividend income, straddles, and constructive sales and perform tax reporting for complex products including equities, futures, options, fixed income, swaps, Section 988/1256, and asset-backed securities
Prepare and review Form 1065, Schedule K-1s, Schedule K-2/K-3, PFIC statements and related schedules including L, M1, M2 and M3
Prepare and review of complex international tax forms, particularly Forms 8865, 8858, 8621 and 5471
Work on issues regarding withholding tax based on Effectively Connected Income and prepare Form 8804, Form 8805, Form 1042, Form 1042-S. Identify foreign/domestic status of partner(s) by analyzing Forms W-8BEN, W-8ECI, W-8IMY and/or W-9
Perform research of relevant tax laws, regulations and rulings to determine proper tax treatment of issues
Review of FBAR filings (FinCEN Form 114) with the Department of the Treasury
Work on complex partnership profit/loss allocations for hedge funds and fund of funds
Train and work closely with Citco offices overseas.
Review client deliverables. Work closely with tax managers and clients on a daily basis
Formulate work-papers to support book to tax analysis, tax allocations, and calculations to support K-1 footnotes
Review all the tax lot testing; dividend income/expense, wash sales, straddles, constructive sales, short sale holding period etc. in order to get to final taxable number for the accurate income tax filing
Instruct classes to newly hired staff regarding tax issues and their treatment

About You:
Bachelor of Science in Accounting or Finance

Salary Range: USDUSD 150,000 - 210,000

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

Citco is an Equal Opportunity Employer. It is our policy to make all employment and personnel decisions without discriminating on the basis of race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, and any other protected status.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties to meet the ongoing needs of the organization.
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Read the full job description and apply online on the recuiter's web-site

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