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Tax Advisor

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StepStone Group Inc.

2021-12-03 08:55:54

Job location New York City, New York, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Position Overview

This position will be responsible for advising on tax aspects of global investment transactions and investment fund structures. The successful candidate will work with our internal business, legal, accounting and tax teams as well as external service providers in carrying out his or her responsibilities.

Essential Job Functions:

* Advise on tax aspects of fund formation including entity classification, jurisdiction, tax covenants and representations
* For co-mingled funds, negotiate side letters with investors' and their counsel
* For funds-of-one, work with investors and their counsel to understand client's tax risk profile
* Ensure smooth hand-off to tax compliance and fund accounting teams

* Advise on tax aspects of private equity, real estate and infrastructure investment acquisitions and dispositions
* Perform due diligence to advise business teams on tax risks and expenses inherent in investment structure
* Ensure investments comply with internal guidelines and client specific restrictions
* Provide structuring advice, as necessary, and negotiate tax related side letter provision

* Maintain existing database of client tax information
* Provide support to legal teams in completion of investment subscription materials
* Provide support to tax compliance team
* Assist in characterizing income for FDAP withholding determination
* Provide advice for reviewing and producing IRS W forms (W-9, W-8BEN-E, W-8IMY, W-8EXP)
* Provide advice relating to FATCA/CRS compliance

* As requested, assist investors and their advisors with refund claims
* Advise on potential impacts tax legislative changes
* Provide tax training sessions for various teams, as appropriate

Education and/or Work Experience Requirements:

* JD required
* Licensed in good standing
* 3+ years of tax focused investment fund experience at nationally recognized law firm, Big-4 accounting firm or global asset manager

Required Knowledge, Skills, and Abilities

* Knowledge of U.S. tax rules regarding "effectively connected income", "commercial activity income" and "unrelated business taxable income"
* Knowledge of tax aspects of entity classification and investment funds market practices relating to tax issues
* Effective communication and strong resolution oriented negotiation skills
* Ability to prioritize activities while working on multiple projects
* Ability to explain complex tax concepts to non-tax professionals

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