Senior Vice President, Tax

About Citco:

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Your Role:

• Build new and existing client relationships and demonstrate knowledge of the industry. Work collaboratively with the client and third party auditors in order to resolve tax related issues faced by the client.
• Prepare and review Form 1065, schedule K-1s, PFIC statements and related schedules including L, M1, M2 and M3
• Prepare and review of complex international tax forms, particularly Forms 8865, 8858, 8621 and 5471
• Work on issues regarding withholding tax based on Effectively Connected Income and prepare Form 8804, Form 8805, Form 1042 and Form 1042-S; identify foreign/domestic status of partner(s) by analyzing Forms W-8BEN, W-8ECI, W-8IMY and/or W-9
• Perform research of relevant tax laws, regulations and rulings to determine proper tax treatment of issues
• Review of FBAR filings (FinCEN Form 114) with the Department of the Treasury
• Work on complex partnership profit/loss allocations for hedge funds and fund of funds
• Train and work closely with Citco offices overseas
• Review client deliverables; work closely with tax managers and clients on a daily basis
• Formulate work papers to support book to tax analysis, tax allocations and calculations to support K-1 footnotes
• Review all the tax lot testing; dividend income/expense, wash sales, straddles, constructive sales, short sale holding period, etc. in order to get to final taxable number for the accurate income tax filing
• Plan and execute Tax IT developments by directing and coordinating other departments of Citco; provide periodic reports to Tax director and MD for the IT developments
• Instruct classes to newly hired staff regarding tax issues and their treatment

About You:

• Bachelor of Science in Accounting or Finance.
• 10+ years of relevant private equity tax experience with high volume operational environment
• CPA preferred
• Knowledge of private equity structures
• Knowledge of partnership accounting and allocations, including tax waterfalls
• Experience with federal and state tax return compliance
• Experience with managing and/or leading staff
• Excellent analytical and problem solving skills with high degree of attention to detail
• Excellent written and verbal communication skills
• Strong sense of ownership and accountability of work product

Salary Range: USD 185,000 - 255,000

Our Benefits

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage ap