Tax Managing Director, Specialized Tax Services Partnerships

Chicago, IL, United States and 16 more

Job Summary:

The Tax Managing Director, Partnerships is responsible for advising clients on the tax implications of their business objectives and various partnership specific items including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Managing Director, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations.

The Tax Managing Director, Partnerships is a critical member of the STS Partnerships leadership team and actively participates in the marketing and business development of the group. In addition, the Tax Managing Director, Partnerships develops and drives process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members.

Job Duties:

• Maintains and develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
• May organize and conduct, or participate in conducting effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
• Trains and mentors associates, senior associates, and managers
• Provides oversight and review of partnership capital account maintenance and relevant computational services

Research

• Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
• Identifies complex issues to be researched by engagement team and provides research methodology for efficient research process
• Trains associates, senior associates, and managers on research skills and helps to appropriately frame tax issues for analysis
• Involves firm specialists, as appropriate

Tax Consulting

• Develops, recommends and implements efficient and effective methods to maximize client benefits, especially by decreasing clients’ current and future taxes
• Applies a combination of tax knowledge and knowledge of business/industry to recommend solutions
• Implements applicable Firm strategies
• Manages client relationships and expectations
• Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
• Researches and implements tax strategies, including experimentation with promising new strategies and ideas
• Consistently makes suggestions as to how previous work products or approaches can be improved
• May lead marketing campaigns, if applicable to role
• Presents complex strategies to clients and prospective clients
• Other duties as required

Supervisory Responsibilities:

• Supervises associates, senior associates, and managers on all projects
• Reviews work prepared by associates, senior associates, and managers and provides review comments
• Trains associates, senior associate, and managers on how to use all current software tools
• Acts as a career advisor to associates, senior associates, and managers
• Schedules and manages workload of associates, senior associates, and managers
• Provides verbal and written performance feedback to associates, senior associates, and managers

Qualifications, Knowledge, Skills, and Abilities:

Education:

• Bachelor’s degree, required; major in Accounting, Finance, Economics or Statistics, preferred
• Master’s in Accountancy or Taxation, preferred

Experience:

• Ten (10) or more years of prior relevant experience and/or public accounting, private industry accounting or consulting/professional services experience, required
• Prior supervisory experience, required
• Private equity experience, both fund and portfolio company levels, preferred
• Prior experience with Up-C tax receivable agreements, preferred

License/Certifications:

• CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent (“EA”) (or…