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Careers
Senior Tax Associate
Location
New York, NY or Palm Beach, FL
Function
Finance
Interested in this position?

Position

MIO is seeking a professional and motivated candidate to join the firm as a Senior Tax Associate. The position entails assisting in the management of MIO’s tax accounting and compliance functions across various fund investment structures. This is a full-time opportunity based in New York or Florida reporting to our Director of Tax. The new hire will be expected to report to our offices 2-3 days/week. COVID-19 vaccination is mandatory for this position (subject to accommodation for health and religious reasons)

Primary responsibilities

  • Assist in managing the review of partnership tax returns including associated K-1s for private equity and hedge funds
  • Review tax estimates and final tax schedules for more than 20 entities, comprised of a diversified group of investors
  • Coordinate and review tax allocations of partnership income, inclusive of special allocations and basis tracking
  • Gather and analyze complex financial information related to tax reform, PFIC, CFCs, etc.
  • Assist in gathering, assembling, and preparing supplemental foreign filing forms, including: Form 1042, 8865, 5471, 8621, and 926
  • Manage the tax compliance process, research complex tax issues, and supervise service providers to deliver accurate tax reporting
  • Assist Client Service, Legal, Compliance, Advisory, and Front Office teams in fulfilling tax-related requests
  • Provide coaching and training to the Fund Accounting team regarding tax issues
  • Participate in ad hoc special projects and help develop process improvements related to increasing efficiency of the group

Desired background and skills

  • Undergraduate degree in accounting or taxation and an MS in taxation
  • Licensed CPA a must
  • 7-9 years of professional experience with a strong background in partnership taxation with an emphasis on private equity and hedge funds and the flow through treatment to investors
  • Extensive knowledge of investment fund tax accounting concepts including partnership tax accounting, tax allocations, and management and incentive fees
  • Strong administrative and organizational skills working with a tax calendar, tracking due dates, tracking new entities, adhering to internal deadlines; experience enhancing existing templates or developing new templates to improve processes
  • Strong tax accounting skills including ability to reconcile book to taxable income, taxable income to tax basis, master fund to feeder funds and limited partnerships K-1s to funds
  • Strong written communication skills
  • Familiarity with tax research software and ability to research technical matters commensurate with level of experience
  • Staying abreast of changes in tax law, regulations, and compliance matters
  • Experience working with carried interest provisions and comfortable with the following concepts: distribution waterfalls, return of capital, preferred returns, catch-up tranche, hurdle rates, and “clawback” provisions
  • Exposure across asset classes including equities, fixed income, repurchase agreements, futures, FX, and OTC products
  • Exposure to various fund structures with domestic and foreign investors
  • Strong Excel skills and knowledge of tax systems are required; exposure using accounting and general ledger systems a plus
  • Strong interpersonal skills and an interest in engaging with investors, finance/tax colleagues, and senior management
MIO is an equal opportunity employer. All applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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