Financial Services / Asset Management SALT Senior Manager

Job Summary :

The information below covers the role requirements, expected candidate experience, and accompanying qualifications.

An STS SALT Financial Services / Asset Management Senior Manager is responsible for advising clients of the tax implications relating to their business objectives, recommending alternate courses of action, as well as identifying different methods of complying with tax regulations.

In this role, the STS SALT Financial Services / Asset Management Senior Manager will be charged with marketing, networking and business development within their area of experience and specialization and recognizing potential changes in tax policy and applying new policies to tax compliance.

In addition, the STS SALT Senior Manager will work with the Core Tax Partners, Directors, and Senior Managers to provide SALT expertise to their clients and manage a team of SALT professionals on pass-through entity compliance and consulting projects to ensure quality and timely production of the deliverables to clients while maintaining profitable metrics on each engagement.

Job Duties : Tax Compliance :

Tax Compliance :

• Leads compliance and consulting projects for financial services clients including multi-state alternative investment partnerships (hedge fund, fund of funds, private equity, real estate)
• Conducts detailed reviews of pass-through entity tax returns with the ability to identify most significant state tax issues, including tax calculations and information presented on state tax returns
• Analyzes and directs responses to notices from state taxing authorities
• Participates in tax technology projects to increase efficiencies on the tax compliance processes such as implementing Alteryx and other firm developed tools

Tax Consulting :

• Drafts tax memorandums, tax opinions and other documentation on various tax issues
• Applies all applicable state tax consulting sub-specialties and confers with other STS professionals when appropriate
• Determines tax planning process
• Ensures tax engagement letters are adopted prior to engagement work commencing and manages engagements
• Assists in the development of consultative selling strategies
• Manages the expectations of assigned clients

Research :

• Identifies complex situations necessitating additional research and provides an outline of the issue(s) and the appropriate path to resolution
• Analyzes research findings and drafts findings the deliverable of which may vary (e.g., formal memorandum, executive summary, etc.)
• Develops relationships with state Department of Tax (DOT) / Department of Revenue (DOR) personnel

Tax Controversy :

Represents clients before any tax authority on contested issues

Tax Related Software :

Utilizes GoSystems, tax research databases and other tax-related software in the completion of assigned tasks

Tax Specialization :

• Provides technical client service to multi-state companies with state and local tax issues
• Conducts negotiation of settlements, voluntary disclosure agreements and state tax audit representation
• Drafts technical memoranda regarding state and local tax issues

Strategy Development :

• Reviews studies of tax implications to identify alternative courses of actions to benefit clients
• Develops new or improved ideas to advance the position of clients, the firm or firm personnel through reduction in taxes or expenses or offering of non-tax benefits
• Assists with researching potential tax strategies
• Suggests marketing approaches for new client acquisition

Other duties as required

Supervisory Responsibilities :

• Supervises the day-to-day workload of STS SALT Managers, Senior Associates, and Associates on assigned engagements and reviews work product
• Ensures STS SALT Managers, Senior Associates, Associates and Interns are trained on all relevant tax software
• Evaluates the performance of STS SALT Managers, Senior Associates and Associates and assists in the development of goals and objectives to enhance professional development
• Delivers periodic performance feedback and completes performance evaluations for STS SALT Managers, Senior Associates, Associates and Interns
• Acts as Career Advisor to STS SALT Managers, Senior Associates, and Associates, as appropriate

Qualifications, Knowledge, Skills, and Abilities :

Education :

• Bachelor's degree in Accounting, required
• Master's degree in Accounting, Taxation or J.D., preferred

Experience :

• Eight (8) years of prior experience in state and local / multistate experience, required
• Prior experience supervising tax professionals on a project or engagement basis, required
• Prior experience preparing and / or reviewing tax provisions, preferred
• Prior experience with corporate taxation, consolidations and partnerships, preferred

License / Certifications :

CPA certification or other relevant certification, required

Software :

• Proficient in the use of Microsoft Office Suite, specifically Excel and Word, required
• Exposure to and familiarity with standard tax applications and research tools, required
• Experience working with Alteryx, preferred

Other Knowledge, Skills & Abilities :

• Excellent verbal and written communication skills
• Superior analytical and research skills
• Solid organizational skills especially ability to meet project deadlines with a focus on details
• Ability to successfully multi-task while working independently or within a group environment
• Proven ability to work in a deadline-driven environment and handle multiple projects simultaneously
• Capable of effectively managing a team of tax professionals and delegating work assignments as needed
• Capacity to build and maintain strong relationships with internal and client personnel
• Ability to encourage team environment on engagements and contribute to the professional development of assigned personnel
• Executive presence and ability to act as primary contact on assigned engagements
• Ability to successfully interact with professionals at all levels
• Advanced knowledge of appropriate application of tax standards to ensure effective and efficient delivery of tax services
• Advanced knowledge of sources of relevant information utilized in tax filings
• Advanced knowledge and understanding of cause / effect for taxable conditions on clients and the potential tax issues

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