Tax Manager

Prime Finance; Chicago (IL); On-site; USD 128,000 - 194,000; Full time

Job summary

Prime Finance is seeking a collaborative and motivated Tax Manager to join its San Francisco office. This role requires a tax background and a self-starter mentality; a minimum of six years in tax is required.

Experience in real estate and/or fund management is highly preferred. You will work closely with the Senior Tax Manager and partner with Tax, Fund Management & Accounting, Fund Legal & Compliance, Investor Relationships, and Capital Markets teams, as well as external advisors and

Qualifications

• Bachelor’s degree in accounting or related field.
• 6-8 years of related tax experience, preferably in real estate or alternative investment.
• Familiarity with REIT requirements and reporting.
• Proficiency with MS Excel.
• Demonstrate confidentiality in handling investor data.
• Excellent written and verbal communication skills.
• Experience using Yardi, Geneva, Investran or similar systems.

Responsibilities

• Manage K-1 and tax return compliance, including data gathering and review of tax workpapers.
• Oversee quarterly estimated tax payments and tax distributions.
• Ensure REIT compliance including PSQs and related analyses.
• Lead responses to inquiries from investors and external advisors.
• Respond to tax notices relating to property and other indirect taxes.
• Coordinate with asset/property managers on REO or equity items.
• Draft internal memos documenting tax issues and policies.
• Support adoption of new technologies to improve processes and data mgmt.
• Assist Senior Tax Manager on broader topics like liquidation analysis and UBTI risk.
• Monitor changes in U.S. and foreign tax laws that impact positions.

Skills

Attention to detail

Communication skills

Independent worker

Multitasking

Team collaboration

Education

Bachelor's degree in accounting or related field

Tools

Yardi

Geneva

Investran

Job description

Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further
expansion of existing and new credit strategies as well as extensive investment in internal
processes, systems, and resources.

Job Summary:

Prime Finance is looking for a collaborative and motivated Tax Manager to join its San Francisco office. This individual should possess a tax background and a self-starter mentality. At minimum, six years of experience in a tax role is required. Experience in the real estate and/or fund management industry is highly preferred.

In addition to supporting the Senior Tax Manager, the position will work and collaborate closely with the greater Tax, Fund Management & Accounting, Fund Legal & Compliance, Investor Relationships, and Capital Markets functions. The position will work cross-functionally and build relationships with team members from other departments, external advisors, and members of the management team.

Essential Functions:

• Manage K-1 and tax return compliance, including gathering and analyzing sourced data, coordinating with external vendors, and reviewing tax workpapers, K-1s, returns, tax extension payments and filings, and other tax reporting requirements (e.g., FATCA, CRS, Form 1099s).
• Manage quarterly tax estimates process, including calculating projected income, quantifying tax distributions, reviewing investor notices, and overseeing estimated tax payments.
• Manage REIT compliance, including providing data to tax advisors, reviewing the income and asset tests, reviewing annual PSQs, and completing REIT consent dividend analysis.
• Lead responses to inquiries from investors, internal Prime Finance team members, third party tax preparer(s), and vendors.
• Review, research, and respond to various tax notices or inquiries related to property tax, franchise tax, and/or other indirect taxes, as necessary.
• Coordinate with asset managers and/or property managers or sponsors on real estate owned (REO) or preferred equity items.
• Draft internal memos to document various tax issues and related policies and procedures.
• Assist the tax team in adopting and integrating new technologies, implement updates to existing processes to increase the team’s efficiency and improve data management.
• Support Senior Tax Manager on other technical topics including, but not limited to, Preferred Equity hypothetical liquidation analysis, Personal Holding Company risk mitigation, UBTI risk mitigation, CLO risk analysis, REIT capacity analysis, and Original Issue Discount.
• Monitor legislative changes in U.S. and foreign tax laws that may impact tax positions, filing requirements, or tax structures.
• Other ad hoc projects and tasks required by the tax team

Qualifications:

• Bachelor’s degree in accounting or related field or commensurate work experience required
• 6-8 years of related tax experience required, preferably in a real estate and/or alternative investment firm
• Familiarity with real estate investment trust (REIT) requirements and reporting
• Proficiency with MS Office Suite, with a particular focus on MS Excel required
• Demonstrate exceptional attention to detail to ensure accuracy and completeness
• Ability to maintain strict confidentiality of our investors (domestic and foreign), partners, and internal affairs
• Able to work independently and manage multiple projects simultaneously
• Excellent written and verbal communication skills
• Flexible and able to respond quickly and positively to shifting demands and opportunities
• Team-oriented and able to effectively collaborate with a wide range of internal and external teams and advisors including tax advisors, legal counsel, auditors, and fund administrators
• Experience using Yardi, Geneva, Investran or other accounting GL and Financial Reporting systems preferred

Please note this job description is not designed to cover or contain a comprehensive list of every activity, duty, or responsibility that is required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

The expected salary for this role is $127,500 - $194,000. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health / welfare benefits.

Equal Opportunity Employer:

Prime Finance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
CA Employee Privacy Notice:
https://www.primegrp.com/ccpa-info-current-and-prospective-employees/