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Job description
Job Summary
The Tax Managing Director, Partnerships is responsible for advising clients on the tax implications of their business objectives and various partnership specific items, including but not limited to section 704(b) and taxable income allocations, capital account maintenance, liability analysis and allocations, section 734(b) and 743(b) adjustment calculations and Tax Receivable Agreement (TRA) calculations. In this role the Tax Managing Director, Partnerships will apply their knowledge and experience to understand potential partnership taxation issues and assist in the preparation of partnership specific computations. The Tax Managing Director, Partnerships is a critical member of the Partnerships leadership team and actively participates in the marketing and business development of the group. In addition, the Tax Managing Director, Partnerships develops and drives process improvement and team-building initiatives, maintains client relationships, and acts as a source of guidance to other team members.
Tax Specialization
Maintains and develops an in-depth understanding of the technical and practical issues and opportunities regarding partnership taxation
May organize and conduct, or participate in conducting effective external CPE training sessions in area of specialization, involving Firm specialists, at a minimum of once per year
Trains and mentors associates, senior associates, and managers
Provides oversight and review of partnership capital account maintenance and relevant computational services
Research
Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
Identifies complex issues to be researched by engagement team and provides research methodology for efficient research process
Trains associates, senior associates, and managers on research skills and helps to appropriately frame tax issues for analysis
Involves firm specialists, as appropriate
Tax Consulting
Develops, recommends and implements efficient and effective methods to maximize client benefits, especially by decreasing clients' current and future taxes
Applies a combination of tax knowledge and knowledge of business/industry to recommend solutions
Implements applicable Firm strategies
Manages client relationships and expectations
Strategy Development
Introduces and develops new or improved ideas to improve the position of clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
Researches and implements tax strategies, including experimentation with promising new strategies and ideas
Consistently makes suggestions as to how previous work products or approaches can be improved
May lead marketing campaigns, if applicable to role
Presents complex strategies to clients and prospective clients
Other duties as required
Supervisory Responsibilities
Supervises associates, senior associates, and managers on all projects
Reviews work prepared by associates, senior associates, and managers and provides review comments
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Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.