Investment Tax Manager I

Boston, MA, United States

At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

Area of Responsibility:

1. Management Reporting

Prepare status reporting for management review

Manage day to day activities and supervise tax staff;

Train tax staff on proper workpaper preparation and processes

Ensure quality service is being provided to clients by all employees working on client account;

Implement and maintain detailed timetables and ensure that everyone is aware of deadlines and works towards them.

Responsible for career development for tax staff – develop technical, analytical, time management, organizational and supervisory skills;

Prepare and deliver performance evaluations for tax staff and participate in review sessions.

Identify, research and resolve tax issues (consult with Tax Manager II as needed) and address complex client requests.

2. Monitor and Scheduling of deliverables

Assign and monitor departmental progress on various deliverables.

Responsible for managing and reviewing the work of tax staff throughout the year and managing all internal deadlines.

3. Income Tax Provision

Review the Fund income tax provision

Clear audit points

4. Security Analysis

Prepare and review the investment security analysis.

Coordinate with the Financial Reporting and Fund Accounting Teams

Clear audit points.

5. Income Tax Allocations

Review the income tax allocations to each partner.

Analyze special allocated items

Review application of management and incentive fees

6. Analysis of Structure

Consult and train others on funds structure to properly asses’ investors’ requirements.

7. Reportable Transactions / Flow Through Items

Review staff prepared footnotes including UBTI, ECI, State Sourcing

Review Reportable Transactions

8. Tax Planning

Review Tax Estimates required for the Funds

Work with the client to assist with investor questions

Be competent to analyze the structure and plan for investors.

Set up and attend meetings with operations group to identify key issues, increase knowledge of fund operations, and increase efficiencies of the information flow process.

Plan, schedule and manage the daily workflow for given relationships

Set up new clients within the tax process including system and administration needs

In conjunction with the Tax Manager II and Senior Manager, coordinate year-end tax reporting with client and independent accounting firm;

Document and maintain a file of all tax-related issues, resolutions, positions and methodologies by fund.

8. Risk & Control

Responsible for output of tax staff

Must comply with other internal control procedures as required.

Assist Tax Manager in ensuring compliance with all established departmental and company controls

Responsible for seeking ways to improve upon existing controls and mitigate risks associated with processes.

Education level and/or relevant experience:

BS/BA degree in Accounting/Finance or equivalent work experience

Minimum of 5+ years of Partnership tax experience

Knowledge and skills (general and technical)

Proven ability to work with people and facilitate the smooth workflow between Investment Tax and other internal and external stakeholders.

Strong client service skills

Strong supervisory skills with the ability to prioritize

Understanding of partnership tax related tax code sections, forms and elections, and tax adjustments of securities.

Demonstrate ability to perform a detail review of the entire tax package (including tax allocations and tax adjustments) to ensure a quality product

Other requirements:

Ability to conceptualize and execute projects and initiatives through to completion

Creative problem-solving skills, including the ability to identify, recommend, and implement solutions for tax-related client issues

Demonstrate ability and willingness to train and mentor staff.

Demonstrate ability to obtain quality results through others

Demonstrate ability to manage people

Demonstrate understanding of Tax Supervisor role and ability to be accountable

Goals:

To ensure that tax staff completes required work efficiently and accurately;

To ensure that tax staff are adequately trained and well looked after

To present the Company favorably in all external interactions;

To complete goals consistent with annual Company roll-out.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law. About Us Brown Brothers Harriman (BBH) is a privately-held financial institution and has been a thought leader and solutions provider for over 200 years. We serve the most sophisticated individuals and institutions with award-winning expertise in Investment Management, Private Banking, and Investor Services. Our 5,000 colleagues operate from 17 cities throughout North America, Europe and Asia.

BBH is committed to diversity, innovation and globalization. Our culture is driven by our goal to provide the best solutions and services to our clients and each other. Our Partnership structure creates a flat organization that promotes collaboration across all business lines. We believe that diverse ideas and the ability to come together globally across groups and borders are a competitive advantage. In order for all our teams to excel, members must trust each other and feel comfortable providing honest input from all perspectives.

This openness sparks innovation and agility, which adds to the entrepreneurial spirit and provides many more career opportunities for our staff. We are a group of high-performing, dedicated and caring professionals who believe that working together is the foundation for superior client service excellence.

As a BBH professional, your career path is yours to define. We take pride in our ability to retain our best employees. We help them manage their careers by moving top performers to new areas of BBH where their talents will make the greatest contribution. As soon as you walk through the doors at BBH, we provide you with the tools to help you succeed and grow your career.

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