Arbitrage Rebate Analyst

Baker Tilly US; Indianapolis (IN); On-site; USD 55,000 - 91,000; Full time

Job summary

Baker Tilly Advisory Group, LP and Baker Tilly US, LLP are seeking an Arbitrage Rebate Analyst to support municipal clients with detailed arbitrage calculations and reporting in compliance with IRS rules. The role involves data analysis from bond issuances and project expenditures, with regular client interaction.

The position requires a bachelor's degree in accounting/finance or related field, 1 year of related experience, and strong Excel skills. Occasional travel to client sites is expected.

Qualifications

• Bachelor's degree in accounting, finance, mathematics or statistics or related field.
• CPA certification preferred but not mandatory.
• 1 year of related consulting or accounting experience.
• Proficiency in Excel and Word and financial modeling software.

Responsibilities

• Data Analysis: Gather, review, and analyze financial data from bond issuance and expenditures.
• Arbitrage Calculations: Perform calculations to determine the arbitrage rebate and yield restriction liabilities.
• Report Preparation: Prepare detailed reports for clients with findings and liabilities.
• Research and Compliance: Stay current with IRS arbitrage rules and related tax laws.
• Client Communication: Regularly communicate with municipal clients to discuss requirements and strategies.

Skills

Analytical skills

Excel

Word

Financial modeling

Data management

Written and verbal communication

Time management

Education

Bachelor's degree in accounting/finance/math/statistics or related field

Tools

Financial modeling software

Job description

Overview

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.

Overview

Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram. Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring.

Baker Tilly is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state or local law.

Job Description

Position Overview

The Arbitrage Rebate Analyst supports municipal clients by providing detailed analysis and reporting on arbitrage calculations related to tax-exempt bonds. The analyst conducts detailed financial analysis, prepares reports, and offers insights to help clients understand their obligations under IRS arbitrage rules.

Key Responsibilities

• Data Analysis: Gather, review, and analyze financial data from bond issuance, investment of bond proceeds, and expenditures on projects. Summarize findings in a clear and comprehensive manner for internal review and client reports.
• Arbitrage Calculations: Perform complex calculations to determine the arbitrage rebate and yield restriction liabilities for tax-exempt bond issuers.
• Report Preparation: Prepare detailed reports for clients, summarizing arbitrage findings and potential liabilities.
• Research and Compliance: Stay current with tax laws and IRS Regulations related to municipal bonds, providing clients with information and guidance to aid in their compliance efforts.
• Client Communication: Regularly communicate with municipal clients to explain arbitrage rebate and yield restriction requirements, provide updates, and discuss strategies to manage liabilities.

Qualifications

• Bachelor's degree in accounting, finance, mathematics, statistics or related field; CPA certification preferred but not mandatory
• 1 year of related consulting or accounting experience
• Strong analytical skills and the ability to manage large datasets.
• Familiarity with municipal bonds, arbitrage rules, and IRS rebate requirements.
• Proficiency in Excel and Word and financial modeling software.
• Strong written and verbal communication skills for preparing reports and client discussions.
• Detail-oriented with excellent organization skills.
• Effective time management skills to handle multiple projects, prioritize tasks and meet deadlines.

Work Environment

• Office-based role with occasional travel to client locations for meetings.

This role provides an opportunity to specialize in a niche area of municipal finance and taxation ensuring the financial health and compliance of a public sector client. The pay range for this position is $54,900 to $90,800. This range represents a good-faith and reasonable estimate of the compensation the firm expects to pay for this position at the time of posting. Actual compensation will depend on a variety of relevant factors, including an applicant’s skills, experience, qualifications, professional certifications, work arrangements, geographic location, and other business and organizational needs. It is not typical for an individual to be hired at or near the top of the range, and compensation decisions depend on the facts and circumstances of each case. Baker Tilly offers a compensation and benefits package to eligible employees.