PGIM - Vice President, Tax (Hybrid)

Prudential Financial, Inc in; Newark (NJ); Hybrid; USD 179,000 - 268,000; Full time

Benefits offered by this job

Medical, dental, vision

Life insurance

Disability insurance

Paid Time Off

Parental & military leave

Job summary

Prudential Financial, Inc. (PGIM) seeks a senior tax professional to support its global investment platforms. You will advise on fund structures, carry and co-investment programs, and cross-border tax matters across multiple asset classes.

The role requires deep knowledge of partnership taxation, Subchapter K allocations, K-1s and investor reporting, with collaboration across business, legal and operations teams. Hybrid onsite work is expected.

Qualifications

• Bachelor's degree in Accounting, Finance, Taxation or related field.
• Approximately 6–10 years of experience in partnership/investment taxation or financial services taxation.
• Strong knowledge of U.S. federal income tax rules for partnerships, funds and cross-border structures.

Responsibilities

• Provide technical tax support for PGIM investment products and funds.
• Advise on tax-efficient ownership, fund structures and cross-border investments.
• Coordinate with investment, legal, finance and operations teams to implement tax solutions.
• Oversee tax compliance, reporting and related governance.

Skills

Tax expertise

Project leadership

Cross-functional collaboration

Communication skills

Education

Bachelor's degree in Accounting/Finance/Taxation

Tools

Tax compliance systems

Job description

Job Classification: Finance & Accounting - Finance & Accounting

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can! PGIM is the global asset management business of Prudential Financial, Inc. and one of the world's leading investment managers. With approximately $1.5 trillion in assets under management, PGIM serves institutional and individual investors across public and private markets through a broad range of investment strategies, including fixed income, equities, real estate, private credit, multi-asset and alternative investments. Through investment funds, separately managed accounts and customized investment solutions, PGIM helps clients pursue their long-term investment objectives worldwide. PGIM's investment businesses combine deep market expertise, global reach and specialized capabilities to serve pension plans, sovereign wealth funds, insurance companies, financial institutions and individual investors across global markets.

The Vice President, Tax supports PGIM's investment businesses and global investment platforms across multiple asset classes, including private credit and other alternative investments. The role is principally focused on providing technical tax advice and structuring support for investment products, fund structures, cross-border investments, ownership arrangements, carry and co-investment programs, and significant business initiatives across PGIM, with additional responsibility for oversight of related tax compliance and reporting matters. The individual will combine strong technical tax expertise and sound business judgment with a working knowledge of tax compliance applicable to funds, partnering with investment, business, legal, finance and operations teams to develop practical tax solutions, support implementation and help ensure appropriate reporting and controls. The individual will advise on tax matters arising across PGIM, support the development and implementation of investment products and structures, and coordinate with tax professionals embedded within PGIM businesses and Prudential’s broader tax organization. The role will also oversee recurring compliance and reporting activities and review related work prepared by internal teams and external service providers. The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect

Technical Tax Support and Structuring

Provide technical tax support to PGIM businesses on U.S. and international tax matters affecting investment products, transactions and business initiatives. Advise on tax-efficient ownership and fund investment structures, including partnerships, REITs, feeder vehicles, rated vehicles, management structures, sidecars and other domestic and international investment vehicles. Monitor tax developments affecting PGIM businesses and communicate business implications and recommended actions to stakeholders. Support business, legal, product and finance teams on material tax matters, including the development and implementation of new investment products and structures, and coordinate with external advisors as appropriate. Advise on special projects involving tax-sensitive transactions, restructurings and regulatory developments.

Business and Investment Platform Support

Partner with PGIM investment businesses to identify and resolve tax issues arising in the implementation and ongoing operation of funds, investment programs and strategic initiatives. Provide guidance regarding investor-related tax issues, including ECI, UBTI, withholding tax and treaty considerations. Coordinate with tax professionals embedded within PGIM businesses across fixed income, real estate, private credit, multi-asset and alternative investment platforms to promote consistent tax positions and efficient delivery of tax advice across the organization. Advise on the tax requirements and operational controls needed to implement and maintain tax-sensitive investment products, structures and business initiatives. Participate in business planning and early-stage concept development discussions, helping evaluate the tax implications and feasibility of potential new funds, products, investment strategies and market opportunities. Review fund documentation, management agreements and other documents from a tax perspective. Support business teams in responding to investor, counterparty and stakeholder tax inquiries. Participate in investor diligence discussions and support tax-related aspects of investor communications. Collaborate with business, legal, finance and operations teams to translate tax advice into governance, documentation, reporting and operational requirements for tax-sensitive structures and initiatives.

Carry, Co-Investment and Specialized Tax Programs

Serve as the tax lead for employee co-investment and carried interest programs across PGIM businesses. Advise on the structuring, implementation and ongoing operation of carry and co-investment vehicles, as well as phantom carry and co-investment arrangements. Oversee tax reporting, partnership allocations and related matters affecting employee-investor programs. Coordinate with finance teams, service providers and external advisors regarding implementation and ongoing administration. Evaluate the tax consequences of changes to existing carry, co-investment and employee-investor arrangements, including changes in participants, allocations, investments, local law and governing terms. Support global carry and co-investment programs and develop a working knowledge of foreign tax considerations affecting those structures.

Additional Tax Compliance, Reporting and Special Projects

Coordinate and oversee recurring tax compliance processes affecting PGIM funds and related entities, including partnership tax compliance, investor reporting, withholding, information reporting, filing calendars and related deliverables. Review and advise on partnership tax returns, Schedules K-1, allocation workpapers, withholding calculations, state and local filing positions and partner reporting prepared by service providers; identify issues and recommend corrections or further analysis. Advise on FATCA/CRS classifications, registrations, certifications, reporting and related governance for applicable PGIM and Prudential entities, coordinating with business teams, administrators and external advisors Assist in developing and enhancing tax-related processes, controls and governance frameworks supporting PGIM businesses.

What you will bring

Bachelor's degree in Accounting, Finance, Taxation or a related field. Approximately 6–10 years of relevant experience in partnership taxation, investment management taxation, international taxation or financial services taxation. Deep knowledge of U.S. federal income tax rules applicable to partnerships, investment funds, real estate, private markets and cross-border investment structures, including withholding, treaty eligibility and entity-classification considerations. Strong technical knowledge of partnership tax compliance and reporting, including Subchapter K allocations, Schedules K-1, withholding and information reporting, state and local filing considerations, and the review of returns and supporting workpapers prepared by external service providers. Demonstrated ability to analyze complex tax issues, evaluate alternative structures and deliver clear, commercially practical recommendations to senior business and non-tax stakeholders. Sound judgment in balancing technical tax considerations with business objectives, legal and regulatory requirements, and implementation constraints. Strong relationship-management and project-leadership skills, including experience working across business, legal, finance and operations teams and coordinating external advisors. Experience interacting directly with senior business leaders, investment professionals and product development teams.

What will set you apart

CPA, master's degree in taxation, JD, LL.M. or equivalent advanced tax qualification preferred. Experience with cross-border investment structures and international investor considerations. Familiarity with carry, co-investment and employee-investor programs. The individual in this position is expected to serve as a senior tax professional supporting PGIM's investment businesses. The role requires the ability to analyze complex tax issues, advise on investment products and structures, work closely with business and investment teams, and translate technical conclusions into practical recommendations and implementation steps. The individual will also provide appropriate oversight of recurring compliance and reporting responsibilities and review tax work prepared by service providers. Success in the role requires technical excellence, sound judgment, intellectual curiosity, strong project and stakeholder management skills, and a practical approach to problem solving. The individual will be expected to work effectively with business leaders, investment professionals and colleagues across PGIM, while maintaining appropriate standards for compliance, reporting and documentation.

What we offer you

• Prudential is required by state specific laws to include the salary range for this role when hiring a resident in applicable locations. The salary range for this role is from $178,600.00 to $267,800.00. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills. Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
• To find out more about our Total Rewards package, visit Work Life Balance | Prudential Careers.
• Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Our Commitment to an Inclusive Workplace Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.