Tax Director/Controller

Vaco
$175.00 - $190.00 / yr
United States, Connecticut, Stamford
Feb 08, 2025
Job Opportunity: Tax Manager - Rare Transition Role into the Private Equity Sponsor Space Our client is looking to expand their team and is offering a unique opportunity for a Tax Manager with public accounting experience in the Private Equity (PE) sector (sponsor space) to transition into the Private Equity (PE) sector as a Tax Director/Controller. This is a rare chance for a candidate currently in public accounting to pivot into a new and exciting career path. The role requires prior experience in the Private Equity industry, with a focus on tax. This PE Firm offers a supportive environment with a strong emphasis on company culture and the growth of their people. The expectation is for the selected candidate to complete the current tax season and transition into this role afterward. This non-traditional role will incorporate Accounting/Finance responsibilities, with training provided. The expectation is this piece will be a learned skill. If you're seeking a change of pace and a significant opportunity to expand your career, this could be the perfect fit for you. Main Responsibilities: Tax Returns and Estimated Payments: Tax Returns: Work directly with the firm's tax advisors to complete all necessary tax filings for its investment funds and Management Company across multiple U.S. jurisdictions, ensuring compliance with all relevant tax regulations. Estimated Payments: Ensure timely and accurate estimated payments for both U.S Federal and state tax jurisdictions for all applicable taxes to avoid penalties. Investor Tax Reporting: Oversee the preparation of investor-specific tax reports, such as K-1s, tax summaries, and capital account statements. Liaise with investors to respond to tax-related queries and provide them with tax information necessary for their individual filings. Ensure that all investor-related tax reporting is accurate, timely, and compliant with regulatory requirements. Tax Strategy Development Work with outside tax and legal advisors to develop and implement tax-efficient strategies for the fund's investment activities including structuring, financing and exit strategies. Accounting and Finance Functions: Capital Calls & Distributions: Work with the fund administrator to prepare and distribute capital calls and distributions, ensuring that all transactions are handled efficiently and accurately. Carried interest calculations: Work with fund administrator to prepare waterfall calculations to determine carried interest (the share of profits the general partner receives after a certain hurdle is met) Financial Reporting: Work with fund administrator to prepare quarterly financial reporting packages. Work with auditors to complete annual audit. Deal Funding: Learn and assist in the process of funding deals, including coordinating with relevant teams and stakeholders to ensure smooth operations. Monitor cash flow: Oversee the fund's cash flow management, including tracking incoming capital, managing operating expenses, and ensuring there is enough liquidity for capital calls and distributions. Management fees: Calculate and track management fees based on the terms of the fund's limited partnership agreement. Subscription Facility: Participate in the formation of fund level borrowing facilities. Prepare borrowing and repayment requests. Insure compliance with loan covenants and compliance reporting. Compliance and Coordination: Work with the Chief Compliance Officer and outside compliance consultants to make required regulatory filings and ensure regulatory compliance. Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. EEO Notice Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco also wants all applicants to know their rights that workplace discrimination is illegal. By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. Privacy Notice Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Pay Transparency Notice Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to: the individual's skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.