Interested in taking your tax and business experience to a whole new level? Want to work with some of the leading hedge and private equity firms, insurance companies, and banks in the world? Want to be on a team with some of the most diverse backgrounds in the industry – financial analysts, developers, business analysts, attorneys and accountants? This is the place for you!
The Team
National Federal Tax Services (NFTS) is a national practice within Deloitte Tax LLP made up of a number of tax service offerings. Each NFTS service offering has been developed and built as a result of a tax planning idea, marketplace needs, or a technological innovation – all with the purpose of delivering results for our clients. Our people are entrepreneurial in spirit and have always had the work-hard/play-hard mentality. NFTS service lines provide tax planning and compliance support for the largest organizations across all industries.
One of our fast-growing, unique service offerings is our Tax Analysis & Information Reporting for Debt Investments (TARDI) practice. Those pursuing investment opportunities in corporate/government debt, MBS, and ABS markets are consistently challenged to properly address the tax planning and compliance that can apply. This quickly becomes a task that is often heavily dependent upon effective data management and a knowledge of financial products and tax principles. Through a combination of tools developed by Deloitte's Securitization and Partnerships Solutions practices, we can assist with the complex tax and reporting needs of large portfolios of fixed income investments.
Work You’ll Do
As a Senior in this group, you will manage relationships, ensure timely reporting of milestone and dependency status, monitor risks and issues to escalate, and execute day-to-day management activities. You’ll oversee asset-level diligence and analysis on debt investments, preparation and/or review of debt taxable income calculations, preparation and/or review of debt taxable income reports, communicating with clients, their servicers and/or administrators and lead client resources. Specific responsibilities of the PSG - TARDI team include:
- Calculate and/or review taxable income on debt investments including OID, market discount, premium, gain / loss, tax basis, and other items using Deloitte’s proprietary TARDI software and tools.
- Calculate and/or review taxable income on equity and derivative investments including wash sales, QDI & DRD, REIT & RIC reallocations, PFICs, constructive sales, straddles, section 1256, swaps, and other items using Deloitte's proprietary security trading analysis platform.
- Leverage proprietary software, third party data providers, and credit agreements to research asset level debt origination terms for corporate bond portfolios, mortgage-backed security portfolios, and mortgage loan pools.
- Maintain, enhance, and provide production support for Deloitte's proprietary regulated investment company tax compliance platform.
- Lead client engagement: communicate with client and/or internal tax teams, manage and support professionals on our team, develop a game plan to execute on the client engagement and review deliverables.
- Perform tax research to address tax technical issues that arise related to debt investment related transactions. Train younger professionals on the technical issues that are applicable in our business.
- Develop requirements for system enhancements and ongoing testing of system calculations, processes, and reporting.
- Support pursuit of new client opportunities through review of prospective client debt holdings, development of marketing decks, and analysis of industry public filings.
- Work within a team and supporting and mentoring junior staff.
Qualifications
Required:
- Ability to perform job responsibilities within a hybrid work model that requires US Tax professionals to co-locate in person 2 – 3 days per week
- 3+ years of full-time professional experience
- Bachelor’s degree in accounting, finance, MIS, or related field required
- Practical knowledge in equity and fixed income financial products, income tax principles, debt instruments, RIC taxation, hedge fund taxation, and project management.
- Ability to travel up to 25%, on average, based on the work you do and the clients and industries/sectors you serve
- Limited immigration sponsorship may be available
- One of the following active accreditations obtained, in process, or willing and able to obtain:
- Licensed CPA in State of Practice/Primary Office if eligible to sit for the CPA
- If not CPA eligible:
- Licensed Attorney
- Enrolled Agent
- Certifications:
- Project Management Professional (PMP)
- Chartered Financial Advisor (CFA)
Preferred:
- Advanced degree in Accounting, Finance, LLM or other applicable degree
- Big 4 experience or equivalent
- Data Analytics experience and solid technology skills
- Proven problem-solving capabilities
- Experience serving clients or directly working within the financial services industry
- Solid experience in financial system design and implementation
- Background in financial portfolio review, regulatory reporting and bond administration
You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.