Position Summary:
The Senior Tax Associate is responsible for the review and preparation of federal and multi-state income tax returns - including but not limited to Forms 1120S, 1065, 1041, 1040 and 990PF. The Senior Tax Associate researches and analyzes tax issues using RIA Checkpoint.
Essential Responsibilities:
- Runs financial accounting reports for each line of business, posts federal tax adjustments and prepares income tax returns. Consolidates financial information for tax reporting purposes, and reconciles audited financial statements consolidated based on ownership structure to tax returns prepared by filing entity as registered with the IRS. Maintains tax workpapers and documents tax positions.
- Prepares quarterly estimates of taxable income for the lines of business and estimated tax due by the business owners.
- Prepares estimates of tax due for a private foundation and required minimum donations.
- Calculates the income tax effect of transactions related to acquisition and disposition of business assets.
- Collaborates with members of the accounting teams of each line of business and the family office. Supervises and trains associates and reviews their work.
- objectives.
- Supports Tax Director, Senior Tax Director, and General Counsel by providing analysis and support on special projects.
- Supports other Broe Management departments by providing support and research for a variety of topics including transactions
- Improves tax administration by developing and streamlining procedures, evaluating new software, preparing and updating internal guidelines, preparing and maintaining documentation.
- Protects organization value by keeping information confidential, cautioning others regarding potential breaches.
- Improves tax and management job knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the art practices
- Participates in professional societies
Supervisory Responsibilities:
- No supervisory responsibilities
Required Qualifications, Knowledge, Skills, and Abilities:
- Has extensive experience with the preparation of income tax returns for pass-through entities, high-net worth individuals, trusts, gift tax returns and private foundations.
- Has experience with development and leasing of commercial and residential real estate - including issues related to repair and maintenance regulations 1.263(a), Sec 263A uniform capitalization rules, depreciation, like kind exchanges, 163(j) interest expense limitation.
- Has experience with calculation of tax capital accounts, at risk basis and reconciling the differences between book and tax capital. Has experience with income tax allocations under Sec 704(b).
- Has experience with reconciling AAA to retained earnings and tracking shareholder basis.
- Has experience in reading and analyzing the IRC and Regulations.
- Minimum 5 years of experience in public accounting required.
- Bachelor's Degree is required
Required Certifications and Licenses
Preferred Qualifications, Knowledge, Skills, and Abilities:
- Master's degree in taxation - preferred.
Work Environment
- Onsite at the Corporate Office four days per week (Monday - Thursday). Onsite requirements are subject to change at any time.
- Work in a climate-controlled office and routinely use standard office equipment.
Travel:
Compensation:
- Estimated Starting Annual Salary: $108,940.00
- Exact starting salary is determined by merit; seniority; geographic location; education, training, and/or experience related to job duties and responsibilities.
- FLSA Status: Exempt, Not eligible for overtime
- Eligible for Participation - Annual Discretionary Bonus
Benefits:
- 401(k) / 401(k) matching
- AD&D insurance
- Dental insurance
- Disability insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Mental wellbeing resources
- Paid Maternity leave
- Paid Parental leave
- Referral program
- Relocation assistance
- Sick time
- Vacation time
- Vision insurance
Disclaimers:
Applications will be accepted on an ongoing basis until the position is filled.
OmniTRAX, Inc. conducts its recruiting and hiring activities directly and does not utilize third-party recruiting agencies, staffing firms, search firms, or fee-based referral services unless specifically engaged through a written agreement authorized by the Company. OmniTRAX, Inc. does not accept unsolicited resumes or candidate submissions from any agency or firm. Resumes or candidate information submitted to any OmniTRAX, Inc. employee without a valid, fully executed recruiting agreement and a specific requisition assignment authorized by the Company will be deemed unsolicited and become the property of OmniTRAX, Inc. OmniTRAX, Inc. reserves the right to pursue and hire any candidate submitted through unsolicited means without any obligation to pay a fee, commission, or other compensation to the submitting agency.
Physical Requirements% of Work TimeRemain in a seated position
80%
Speak and hear clearly
100%
Lift office products and supplies, up to 20 lbs.
20%
Stoop, kneel, bend and reach
10%
Dexterity to write and manipulate keyboard and mouse
100%
