Job Overview
Senior Associate, Funds Tax is an individual contributor role in the Funds Group that will work closely with other tax team members to help manage the tax function for the Arrowstreet sponsored funds. The Senior Associate will handle multiple competing priorities and complex initiatives within a dynamic and fast-paced work environment. This role involves significant interaction with both internal stakeholders and third-party service providers to the Arrowstreet sponsored funds. The scope of responsibilities for this role presents an excellent opportunity for the individual to gain exposure and expertise in the overall tax function.
Responsibilities
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Oversee the preparation of the Arrowstreet sponsored funds’ federal, state, and local tax return work papers, partner tax allocations, and Schedule K-1 and K-3 documents
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Assist with the management of international tax matters for the Arrowstreet sponsored funds, including the tax reclaim process, capital gain accruals, and related filings and payments
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Manage engagements with external tax service providers and ensure tax deliverables are completed timely and accurately
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Coordinate with fund brokers and counterparties regarding the updating and processing of fund tax documents (e.g., Form W-8 packages and withholding statements)
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Monitor non-US withholding taxes in the funds and assist with the identification of opportunities to pursue dividend withholding tax reclaims
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Monitor, track and oversee the preparation of upcoming tax compliance obligations
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Assist with FATCA and CRS compliance
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Assist with investor tax-related requests
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Contribute to new fund or investor launch tax-related considerations and related initiatives
The ideal candidate will
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Have direct work experience in the asset management industry with robust knowledge of partnership taxation issues
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Have an intellectual curiosity for new tax considerations/issues and be committed to continuous improvement of their individual skill sets
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Be extremely detail oriented with a superior work ethic and strong organizational, leadership, time management and communication skills
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Perform at a high level both in an independent, self-directed manner and in a team environment
Qualifications
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At least 3 years of experience with partnership tax issues as well as other relevant areas of federal, state and international taxation for investment managers and hedge funds
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Knowledge of Subchapter K, financial products, partnership tax allocations, and other common book to tax adjustments
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Experience with managing data from administrators and other service providers for tax purposes
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Proficiency in Microsoft Excel
We maintain a friendly, team-oriented environment and place a high value on professionalism, attitude and initiative.
What We Do
Arrowstreet Capital is a Boston-based investment manager that provides global and international equity investment strategies and fund products to institutional investors such as pension plans, endowments, foundations, and registered/unregistered commingled investment funds.
We offer a select range of global equity investment strategies managed as long-only, alpha extension and long/short utilizing a broad range of instruments, including swaps and futures. Our investment process utilizes quantitative methods that focus on identifying and incorporating investment signals into our proprietary return, risk and transaction cost models. Our investment approach involves creating and investing in diversified equity portfolios. We utilize a structured investment process that attempts to add value relative to a client specific benchmark. This involves identifying opportunities across companies, sectors and countries by evaluating a diverse set of fundamental and market-based predictive factors. Portfolios are constructed through the use of a mean variance optimizer and proprietary risk and transaction cost models.
Arrowstreet Capital manages approximately $100 billion for over 200 client relationships in North America, the United Kingdom, Europe and the Asia-Pacific regions.
