Partnership Taxation Senior Manager

Posted 2 Days Ago
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Edison, NJ, USA
Hybrid
175K-185K Annually
Senior level
Professional Services • Financial Services
The Role
Manage complex partnership tax engagements for asset management, private equity, hedge fund, and other clients. Responsibilities include reviewing tax returns, advising on Subchapter K partnership taxation and IRC 704(b) accounts, developing tax-planning strategies, responding to tax authorities, managing budgets and projects, supervising staff, and supporting client development and market initiatives.
Summary Generated by Built In

 Job Title: Partnership Tax Senior Manager for Multiple Openings


Approved Locations: 379 Thornall St, Edison, NJ 08837. Must live within a commutable distance to the assigned Grant Thornton Office location to meet 3 days per week work from office requirement.

Job Description:

Your day-to-day will include:

  • Manage multiple senior level client (internal/external) relationships by consulting with internal and external stakeholders to address issues or complete complex work including conducting primary and secondary reviews of complex tax returns and providing tax consulting. 
  • Make recommendations on return preparation and tax savings opportunities, focusing on accuracy, quality and client service. 
  • Evaluate the tax aspects of partnership agreements and manage the client's Internal Revenue Code (IRC) 704b accounts. 
  • Provide innovative tax planning, consulting, and compliance expertise to clients. 
  • Research and consult on various tax matters, primarily in Sub-chapter K-Partnership taxation; utilize tax-related software to prepare and process returns and research tax matters. 
  • Respond to inquiries from the IRS and other tax authorities. Maintain active communication with clients to manage expectations, ensure deadlines are met, and enhance client relationships. 
  • Market, sell, design, and implement tax-planning strategies for clients and manage budget. 
  • Oversee multiple engagements/projects or processes by coordinating and executing work plans; managing the work of the team; managing risk; identifying and securing resources to resolve complex issues; collaborating with other service lines/functions, the shared service center, and/or external vendors; and monitoring quality of deliverables/work products.
  • Proactively develop, implement, manage, or assist with budgets, billing activities, balance sheets, and/or ongoing staffing requirements for engagements/projects; and identify and communicating engagement/project variances (e.g., progress, overruns, and expansion of scope) to leadership and/or stakeholders in a timely manner. 
  • Participate in or lead the development of proposals and presentations; and track and articulate return on investment or benefit realization for work or proposed solutions. 
  • Establish a presence in the market or community by actively participating in or taking leadership roles in professional, industry, trade association, or community organization, or contributing to thought leadership (e.g., articles, speaking engagements).
  • Develop and retain talent by training, coaching, and mentoring others.
  • Supervises 2 subordinates – Associates and Senior Associates.

You have the following technical skills and qualifications:

  • Requirement - Three or Four Year Bachelor’s degree in Accounting, Finance, Commerce, Business Administration, a related field, or a foreign equivalent 
  • Relevant experience – 5 years of progressively responsible experience in job offered or any controls/analyst related job titles.
  • Experience must include: (1) tax compliance or tax consulting experience in public accounting or a combination of industry and public accounting experience; (2) US GAAP, partnership returns, joint venture and non-corporate entity tax returns and understanding of Sub-chapter K partnership taxation; (3) advising Asset Management, Private Equity, and Hedge Fund clients with the regulatory industry environment; (4) driving processes with tax compliance projects using Thomson Reuters GoSystem, Platform K suite, Microsoft Office Suite (Excel advanced formulas, Outlook, Teams, PowerPoint), and SharePoint; (5) process improvement and streamlining tax processes for efficiency and accuracy; (6) developing and leading training for team members in Asset Management tax; (7) working Internal Revenue Code (IRC) 704b accounts for clients; (8) consulting on Sub-chapter K-Partnership taxation; and (9) responding to inquiries from the IRS and other tax authorities.
  • Must live within a commutable distance to the assigned Grant Thornton Office location to meet 3 days per week work from office requirement.

Compensation for role: $175,100 - $185,000 per year           


Skills Required

  • Three- or four-year bachelor's degree in Accounting, Finance, Commerce, Business Administration, a related field, or foreign equivalent.
  • Five years of progressively responsible experience in the job offered or a controls/analyst-related role.
  • Tax compliance or tax consulting experience in public accounting, or a combination of industry and public accounting experience.
  • Experience with US GAAP, partnership returns, joint venture and non-corporate entity tax returns, and Subchapter K partnership taxation.
  • Experience advising Asset Management, Private Equity, and Hedge Fund clients within the regulatory industry environment.
  • Experience using Thomson Reuters GoSystem, Platform K Suite, Microsoft Office Suite, and SharePoint for tax compliance projects.
  • Advanced Microsoft Excel formulas and proficiency with Outlook, Teams, and PowerPoint.
  • Experience improving and streamlining tax processes for efficiency and accuracy.
  • Experience developing and leading Asset Management tax training for team members.
  • Experience working with IRC 704(b) accounts for clients.
  • Experience consulting on Subchapter K partnership taxation.
  • Experience responding to inquiries from the IRS and other tax authorities.
  • Must live within commuting distance of the assigned Grant Thornton office and work from the office three days per week.

Grant Thornton LLP (US) Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Grant Thornton LLP (US) and has not been reviewed or approved by Grant Thornton LLP (US).

  • Parental & Family Support — Paid, gender‑neutral parental leave, backup childcare, and adoption/surrogacy reimbursement are emphasized, with flexible options like intermittent leave and LGBTQ+‑affirming coverage. Feedback suggests these offerings are a distinctive strength and align with external recognition for family‑friendly policies.
  • Retirement Support — A firm‑funded retirement plan in addition to a 401(k) match is presented as a differentiating element of the package. Feedback suggests this dual‑vehicle approach is viewed as unusually strong for the sector.
  • Flexible Benefits — A firmwide Flexible Time Off policy, hybrid work arrangements, and lifestyle‑focused perks expand how people can tailor benefits to their needs. Feedback suggests this flexibility is a core part of the total‑rewards proposition.

Grant Thornton LLP (US) Insights

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The Company
HQ: Chicago, IL
13,711 Employees
Year Founded: 1924

What We Do

Forget what you think you know about professional services. We go beyond what’s expected and help others do the same. Grant Thornton is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading independent audit, tax and advisory firms. That means our network has more than 60,000 professionals in more than 135 countries who are ready to help public and private organizations of all sizes take on today’s challenges. But what sets us apart isn’t just what we do – it’s how we do it. Here, we believe in making business more personal and building trust into every result. We’re collaborators – obsessed with quality and ready for anything – who understand the value of strong relationships. It’s how we challenge the expectations of business and empower our people and clients to do it, too. One thing we won’t do? Grant Thornton LLP will never request money or any form of payment for services via social media. Please report any concerns at 1-800-810-3503. "Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.

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