We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.
We are seeking a highly experienced and detail-oriented Tax Manager or Vice President to join our Tax team, with a focus on Alternative RIC (Regulated Investment Company) Reporting. This role plays a critical part in supporting the tax compliance and reporting function for our investment fund structures, including private mutual funds and alternative asset strategies.
The ideal candidate brings strong experience in mutual fund tax reporting, preferably from a private company environment, with a solid foundation in financial reporting, GAAP-to-Tax reconciliation, and a strong grasp of RIC compliance and tax footnote disclosures.
Essential Job Functions:- Lead and manage comprehensive RIC tax reporting and compliance for funds investing in private markets.
- Partner with Big 4 accounting firms to prepare year-end tax provisions, review and draft tax footnotes for financial statements, and manage deferred tax calculations and FIN 48/ASC 740 documentation.
- Oversee the preparation and filing of federal, state, and excise tax returns in coordination with fund accounting teams and third-party vendors.
- Perform and review GAAP-to-tax reconciliations and maintain accurate tracking of tax basis, book/tax differences, and related documentation.
- Calculate and monitor RIC qualification tests, including income and asset tests and distribution requirements, ensuring ongoing compliance.
- Direct distribution analysis and optimize excise tax planning to maximize tax efficiency for shareholders.
- Manage IRS and state tax inquiries, responding to notices and coordinating with external tax advisors as needed.
- Collaborate cross-functionally with Accounting, Operations, the CFO, CEO, and other stakeholders on tax strategy, fund structuring, and financial reporting.
- Stay abreast of tax law changes affecting RICs and alternative fund structures; recommend and implement policy positions and structural adaptations in response.
- Build and maintain strong relationships with Big 4 accounting firms and other tax service providers to support compliance and strategic initiatives.
- 6–10 years of progressive tax experience, ideally within asset management, mutual funds, or alternative investments.
- Expertise in RIC taxation and Subchapter M compliance is essential.
- Big 4 public accounting experience strongly preferred.
- Bachelor’s degree in Accounting, Finance, or Taxation; CPA or MST highly desirable.
- In-depth understanding of U.S. tax regulations for investment companies, tax allocations, and financial statement reporting.
- Excellent analytical skills with a high level of accuracy and attention to detail.
- Strong written and verbal communication skills, with the ability to explain complex tax issues to non-tax professionals.
- Proven leadership ability to manage multiple priorities and collaborate effectively across departments and with external advisors.
The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.
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At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
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StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
