Assistant Manager, US Partnership Tax

Job Title - Senior Consultant & Assistant Manager, US Federal Partnership Tax

Job Location: Kolkata, Gurgaon, Hyderabad, Chennai, Bangalore

Job purpose:

Develop, mentor and supervise Analysts and Advanced Analysts:
- Act as a counselor for Analysts and Advanced Analysts
- Proactively recognize issues and recommend solutions
- Proactively seek opportunities to diversify client load and exposure to different teams
- Foster collaboration and constructive communication within the team
- Demonstrate basic presentation and public speaking skills, while actively participating in meetings
- Communicate in face-to-face situations, by phone and via email, and determine the appropriate mechanism for communicating, given the situation
- Display general knowledge of engagement big picture and work towards obtaining appropriate certification
- Communicate your progress and the project status to supervisors worldwide
- Take ownership of your schedule and proactively seek work when necessary to meet your annual chargeability goal
- Adhere to practice protocol and other internal processes consistently
- Explore the opportunity of going on rotation

FSO (Financial Services Organization)_ Partnerships (Hedge funds and Private equity Funds)

Technical competency

1. Sound knowledge in the taxation of U.S investment partnerships (Hedge fund and Private Equity space)

2. Knowledge on securities analysis (like wash sale, short sales, dividend analysis etc.,)

3. Partnership Tax allocations - Sound knowledge on aggregate allocations (Hedge funds) and tax waterfall, GP clawback (Private Equity)

4. Review of Schedule K-1, Form 1065, various state returns and state withholding forms

5. Review of Form 1042, 8804 and 8805 filings

6. Knowledge on PFICs (Passive Foreign Investment Corporation), its reporting and various elections (QEF, MTM etc.,). Review of form 8621.

7. Review of international forms like 5471 and 8865

We are looking for the candidates with the following: (Qualifications)

- Graduate/Postgraduate in a finance, numerical or statistical background
- CPA will be an added advantage

- 4 to 6 years of experience in Federal tax, Partnership Taxation, 1065 tax returns