Tax Administrator I

Reposted 12 Hours Ago
Be an Early Applicant
Hauppauge, NY, USA
In-Office
54K-60K Hourly
Junior
Financial Services
The Role
Performs mutual fund tax preparation, regulatory compliance, and reporting activities. Prepares income and capital gain distributions, tax provisions, distribution analyses, and tax work papers. Researches federal and state tax regulations, supports regulatory reporting, and gathers documentation for audits involving external auditors, regulatory agencies, and the IRS. Requires strong analytical, organizational, communication, and problem-solving skills.
Summary Generated by Built In

SUMMARY

The Tax Administrator I is responsible for performing mutual fund regulatory and tax reporting functions in a manner that ensures fund objectives are met for the clients of Ultimus Fund Solutions.

 

KEY ACCOUNTABILITIES

TAX PREPARATIONS

  • Prepares estimated year-end income and capital gain distributions.
  • Prepares Subchapter M and Excise tax provision work papers.
  • Calculates fund distribution requirements to satisfy both income and excise requirements.
  • Prepares tax work papers and distribution analyses for mutual funds.
  • Determines the fund tax status of investments and the identification of book and tax differences.
  • Analyzes simple general ledger accounts to provide roll-forward of tax accounts and to identify items of income and expense that would require a tax treatment different than book.

TAX COMPLIANCE AND REPORTING

  • Researches and analyzes federal and state tax laws and regulations, and court or other regulatory agencies rulings or decisions to present to managers.
  • Participate in efforts with the financial administration department for the development of tax and regulatory compliance for reporting to regulatory agencies, board of directors and financial officers.
  • Maintains current knowledge of IRS tax law requirements.

AUDIT ADMINISTRATION

  • Gathers information needed to respond to requests from external audit firms and regulatory agencies.
  • Gathers information needed to respond to IRS and auditor requests in connection with formal or informal audits.

WORKING RELATIONSHIPS

  • Daily contact with the financial administration department regarding tax implications of investment activities.
  • Contact as needed with regulatory agencies and audit firms regarding general information, resolution of issues, and inquiries of reporting requirements.

May perform other duties as required and assigned.

 

EDUCATION AND EXPERIENCE

  • Bachelor’s degree in business administration, tax, accounting, finance, or related field.
  • 0-2 years of experience with taxation and administration of mutual funds.
  • Equivalent education and experience will be considered.

KNOWLEDGE

  • Tax laws and procedures applicable to investment companies.
  • Microsoft Office Suite.
  • Adobe Acrobat.

SKILLS AND ABILITIES

  • Troubleshoots issues utilizing creative and critical thinking skills.
  • Multitasking, analytical, and organizational skills.
  • Initiative-taking, strategic, and meticulous approaches with a strong commitment to quality, efficiency, and effectiveness.
  • Demonstrates personal integrity, responsibility, and accountability.
  • Effectively uses resources such as time and information in conjunction with associates.
  • Participates in solving problems and making decisions.
  • Presents and expresses ideas and information, written and oral, clearly, and concisely.
  • Actively listens to others to achieve understanding and supports an open exchange of ideas and information.
  • Identifies needs, arranges for, and obtains resources to accomplish individual and department goals.
  • Establishes and develops effective working relationships with associates and clientele during both favorable and unfavorable situations.
  • Modifies team and individual priorities and deadlines in response to added information, changing conditions, or unexpected obstacles and ensures completion.

 

Ultimus is an equal opportunity employer and does not discriminate on the basis of the applicant’s or employee’s race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, veteran or military status, genetic information, citizenship or any other status entitled to protection under federal, state or local anti-discrimination laws. No questions on our employment application are intended to secure information that is to be used for impermissible purposes.

Skills Required

  • Bachelor's degree in business administration, tax, accounting, finance, or a related field
  • 0–2 years of experience with taxation and administration of mutual funds
  • Knowledge of tax laws and procedures applicable to investment companies
  • Knowledge of Microsoft Office Suite
  • Knowledge of Adobe Acrobat
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The Company
1,200 Employees
Year Founded: 1999

What We Do

Ultimus Fund Solutions is an independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions. It serves fund and asset managers through post-trade administration and investment-operations support, including fund accounting, transfer-agent and shareholder services. Its platform supports public, private, and hybrid investment vehicles, and the company administers mutual funds, hedge funds, and private-equity funds with integrated technology and high-touch client service.

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