Assistant Vice President - Tax, Regulated Products (REITs and BDCs)

Job Type

Full-time

Description

About the Role

This is a unique opportunity for an experienced and technically proficient tax professional to join a leading private credit firm. The ideal candidate will be a hands-on leader, responsible for tax matters with specific emphasis on REITs and BDCs while also contributing to the broader tax team. This role requires an ability to navigate the specific regulatory frameworks of these specialized investment vehicles, and an understanding of partnership tax issues.

Key Responsibilities

• Tax Compliance: Manage the entire tax compliance lifecycle, from planning and preparation to estimates and filing. This includes overseeing all federal and state tax returns for the funds and their underlying entities, including Forms 1120-RIC, Form 1120-REIT, Form 8613, Form 1120, Form 1065 and other related filings. You will be coordinating and managing our outside tax preparers.
• Internal Coordination. Work closely with the Accounting team to understand financial statement reporting, including regular review of accounting system and financial statement information to ensure the integrity of the reports for tax purposes.
• Specialized Expertise: Ensure strict adherence to the tax requirements for both REITs and BDCs. This means monitoring the various asset, income, and diversification tests to maintain their tax-advantaged status while navigating the complex regulatory landscape of the Investment Company Act of 1940. You must be able to make determination on when a Taxable REIT Subsidiary (TRS) or Tax Blocker should be used to hold investments and liaise with 1940 Act counsel to solve structuring issues.
• Investor Relations: Take charge of all tax-related investor reporting for these products, ensuring accurate and timely delivery of information. This includes managing the preparation and distribution of Schedules 1099, 1042-S, and other essential investor documents.
• Strategic Advisory: Act as the go-to tax expert for internal teams, providing clear, actionable advice on tax-efficient structuring for new deals, dispositions, and other transactions. You'll be a key part of the team, providing a crucial tax perspective on investment activities.
• Tax Planning: Proactively identify and implement tax-saving strategies to maximize returns for the fund and its investors. This involves staying ahead of changes in tax law and proposing forward-thinking solutions.
• Audit Management: Serve as the primary point of contact for external tax advisors and auditors. You will be responsible for managing all tax audits and inquiries, ensuring a smooth and efficient process.
• Team Leadership: Supervise and mentor junior staff, fostering their professional growth and ensuring the tax team operates at the highest level of efficiency.
• Collaboration: Work with broader Tax Team on other non-regulated products and initiatives

Requirements

• Experience: 7+ years of relevant tax experience, preferably from a Big Four accounting firm or an in-house role within an investment management company with BDCs and/or REITs.
• Education & Certifications: Bachelor's degree in accounting or a related field. Candidates with CPAs or Master's degree preferred.
• Technical Proficiency:
  • Proven expertise in the specific tax rules governing REITs and BDCs. Strong command of REIT and BDC taxation is non-negotiable.
  • Knowledge of C-Corporation taxation a plus given existence of "Tax Blockers" and "Taxable REIT subsidiaries".
  • Must have basic Partnership taxation knowledge as well
• Personal Attributes:
  • Exceptional attention to detail and a commitment to accuracy.
  • You must have a "can-do" attitude
  • Strong communication skills-you can explain complex tax issues clearly to non-tax professionals.
  • A proactive, problem-solving mindset and the ability to thrive in a fast-paced environment.

Physical Requirements

• Sitting: Frequently (approximately 70-80% of the workday) for computer work, phone communication, and administrative tasks.
• Standing and Walking: Occasionally (approximately 20-30% of the workday), including walking between Monroe offices or meeting rooms.
• Lifting/Carrying: Occasionally required to lift up to 20 pounds (e.g., office supplies, boxes of paper, or small equipment).
• Reaching/Bending: Occasionally required when organizing supplies or accessing shelves.
• Typing/Keyboard Use: Frequently required for daily computer and administrative tasks.
• Vision and Hearing: Adequate for reading reports, emails, spreadsheets, and verbal communication.
• Speaking: Frequent verbal communication with staff, vendors, and external partners.

Compensation: Base salary range: $150,000-185,000, plus performance-based bonus and comprehensive benefits package (including medical, dental, 401(k), and paid time off). Actual compensation will vary based on experience and qualifications. If hired, the employee will be in an 'at-will position' and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Firm or individual department/team performance, and market factors.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

About Monroe Capital

Monroe Capital LLC ("Monroe") is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe's platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality "alpha" returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.'s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt - Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com .