Tax Associate

SUMMARY

The Tax Associate role entails working closely with the Tax Principals, other Tax team colleagues including Executive/Managing Directors, and service providers to support all tax aspects of the firm’s investment management business including hedge funds, private equity, co-investments, infrastructure, secondaries, and real estate.  The Tax Associate will also have responsibilities with management company entities, including compliance with Federal, State, Local, and non-U.S. filing obligations.

As an onsite/hybrid employee, you are expected to be in the office on Tuesdays and Wednesdays as well as a third day in coordination with your manager.

RESPONSIBILITIES           

• Coordinate with others to support the Global tax compliance process for investment partnerships and accounts managed by the firm including Federal and State tax reporting.
• Contribute to tax process improvement projects using different tax technology solutions while collaborating with various Departments with a high focus on increasing efficiency and risk management.
• Communicate regularly with Fund Finance and Treasury personnel to ensure accurate transfer of information between groups, including the tracking, booking, and processing of tax payments and refunds.
• Consult with Tax Team colleagues on tax structuring for various clients of different tax profiles.
• Support ASC 740 tax provision calculations, as requested.
• Research tax technical issues and articulate findings in a manner suitable for the audience.
• Work with service providers to stay abreast of legislative and regulatory tax changes and communicate tax developments to management team.
• Review tax deliverables with a focus on accuracy and timeliness.
• Draft client correspondence and participate in communications with clients, as needed.
• Review fund structures of underlying fund investments for domestic and foreign entities and identify tax filing and income reporting requirements.
• Review partnership allocations of income for investment partnerships and issue K-1s to investors.
• Perform related duties as assigned including handling tax notices, updating tax forms, responding to investment tax questionnaires.

EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS

• The ideal experience and critical competencies for the role include the following:
• CPA required, BA/BS in Accounting, MST preferred, minimum 3.5 GPA.
• Minimum of 3 years public accounting experience in the asset management industry.
• Proficient user in Microsoft Excel with the ability to efficiently manage large datasets required.
• Experience in federal and state returns for domestic and foreign partnerships and corporations.
• Experience in international tax including experience with PFICs, CFCs, ECI/FDAP/FIRPTA withholding.
• Experience with Alteryx, Power Automate, or Power BI a plus.
• Strong organizational/project management skills and detail-oriented mindset.
• Excellent communication skills - both written and oral.
• Demonstrated initiative and ability to work in a fast paced, changing environment.
• High degree of integrity.
• Positive attitude and strong work ethic.
• Ability to balance multiple concurrent projects.
• Demonstrated ability to work effectively as part of a team.
• Must be resourceful and capable of developing a network of effective relationships with a variety of service providers and internal professionals across departments.

In terms of cultural fit, the successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart, and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.

CULTURE

We are not afraid to think differently. Embrace new ideas. Dream big. Welcome change. We are a culture of empowerment, accountability, high performance, and trust. Successful team members are self-motivated and energized by working alongside thoughtful and smart colleagues in a fast-paced environment. Individuals who thrive on this team enjoy being a part of an organization focused on excellence. We look for naturally collaborative individuals who enjoy interacting at all levels of the organization. 

DIVERSITY, EQUITY & INCLUSION

A diverse, engaged team is critical to our ability to successfully create and deliver value to our clients. We are committed to creating an inclusive environment where diverse professionals can thrive professionally, and we are dedicated to training, retaining, and promoting minorities, women, LGBTQ employees, veterans and individuals with disabilities. Over 55% of GCM Grosvenor employees and 43% of executive management are women and/or ethnically diverse individuals. In addition, we seek to drive a more diverse, inclusive industry through our partnership with diverse professionals organizations and by consciously working with subcontractors and vendors that are certified as minority-, women-, or persons with disabilities-owned businesses.