Tax & Operations Associate

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Summary

Hybrid Tax Opportunity!!

Company Information:

$3B AUM Quant Hedge Fund

Job Description:
The Tax and Operations Associate will be responsible for carrying out a variety of tax, accounting and operational duties under the supervision of the Tax Director, Controllers and Trade Desk Operations personnel.  Products traded include: Equities, Futures, FX Forwards/NDF’s, Interest Rate Swaps, Swaptions, Variance Swaps, Volatility Swaps and OTC Options. Duties include, but are not limited, to the following:

 

Tax Specific:

·          Quarterly and annual review of allocations, estimates, extensions & Federal, state and local tax returns & Schedule K-1s.

·          Work directly with the Fund Administrator and Tax Preparers to ensure timely preparation, review and completion of all deliverables for clients, the Firm and its partners.

·          Complete annual review of all CRS & FATCA filings, including onboarding of new Funds for CRS & FATCA purposes.

·          Annual review of the various Fund portfolios to identify and mitigate any potential ASC 740-10 (FIN 48) exposures.

·          Assist the Tax Director with various tasks related to the Management Company, including, but not limited to, Commercial Rent Tax and Sales & Use Tax filings, potential restructurings due to evolving changes in Federal, state and local tax regulations and analysis of NYC Unincorporated Business Tax business allocation %.

·          Work with Investor Relations to handle tax requests from clients and to provide insight on tax related questions arising from their interaction with current or potential clients.

·          Analyze corporate actions, assist the finance team with their bookings and maintain accurate records of these transactions for monthly and annual book and tax purposes.

·          Work with Portfolio Managers and the Trading team to analyze new products, new trading techniques and situational trading based on market conditions and resulting opportunities.

Accounting & Operations Specific:

·          Assist on all aspects of the life-cycle of the trade.  Including Trade Entry, Trade Files, Matching to Counterparties, Communication to Administrator, Trade Date + 1 Cash and Position Reconciliations, Cancel and Corrections, Corporate Actions, Dividend Processing, Swap Expiration Cash Flow Management.

·          Maintenance of Portfolio Management System (i.e. broker setups, strategy hierarchy, fee setup, etc.)

·          Work closely with trading desk, technology team, counterparties and the administrator to resolve issues and help develop processes and procedures.

·          Fund level daily P&L- End of day pricing, position and P&L reconciliation to administrator, prepare and distribute end of day p&L to firm personnel.

·          Fund level monthly P&L- Prepare & reconcile estimated and final fund level P&L for distribution to investors

·          Assist in the preparation of internal and regulatory reporting requirements

·          Assist in the year-end audit process

·          Treasury and FX Management – Assist in monitoring and moving fund cash balances across the various counterparties.

·          Collateral and Counterparty Management – Assist in the daily collateral management process and the monitoring of the funds counterparty exposures.

 

Requirements / Qualifications:
  • Minimum 2-3 years hedge fund tax experience
  • General knowledge of the products described above
  • Ability to multi-task and work with others in a team environment
  • Excellent organizational and communication skills

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