Tax Manager, Credit Operations

Tax Manager, Credit Operations

Job Function Summary

The Tax Manager will join a dynamic US tax team to help lead tax compliance on cutting edge private credit fund structures and associated investments, as well as other potential entities and investments/strategies, with a particular emphasis on illiquids and alternatives.

Principal Responsibilities

• Manage all relevant federal, state, and local partnership and corporate tax return filings, estimates, payments/accruals and tax audits, including reviewing and/or preparing complex tax allocations and securities adjustments, for private credit and other illiquid/alternative investment structures and products, as well as related carried interest/incentive plan partnership vehicles

• Manage engagements with external Big 4 accounting firms and other external service providers

• Help advise Portfolio Managers and other key stakeholders, alongside internal and external tax advisors, regarding US tax considerations associated with the relevant holding structure or investment portfolio

• Assist with formulating a transfer pricing and/or cost allocation framework for holding structures

• Collaborate with the US (and non-US, when relevant) tax team on broader hedge fund tax matters, including tax compliance and tax advisory support for the business

• Contribute to a high-performing and efficient tax team

• Work with cross-functional teams and related tax functions, including legal analysis, structuring, and tax technology to ensure comprehensive tax compliance and strategic alignment

• Drive continuous improvement initiatives to enhance tax compliance processes and implement best practices across the organization

Qualifications/Skills Required

• A minimum of 7+ years of progressive fund taxation experience, with experience in a Big 4 accounting firm and preferably a leading credit fund or other alternative asset manager

• Experience with typical holding structures for alternative/illiquid investments

• Experience with complicated US partnership tax considerations in connection with carried interest/incentive plans using profits interests

• Possess strong knowledge of US tax rules relevant to financial products and credit investments including but not limited to syndicated loans, high yield bonds, direct lending/origination, distressed debt, and collateralized loan obligations, significant modifications, OID and market discount, 163(j), 864(b) and effectively connected income

• Bachelor’s degree in Accounting or related field

• CPA license

• Advanced Microsoft Excel skills

• Strong oral and written communication skills

• Demonstrated ability to effectively collaborate both within a team and cross-functionally

Compensation: The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium offers a competitive total compensation package that includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.