Belvedere Trading

Tax Manager

Posted 3 Days Ago

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Chicago, IL

Hybrid

150K-225K Annually

Senior level

Fintech • Information Technology • Other • Software • Financial Services

At Belvedere, we cultivate the best of trading by creating cutting-edge technology and forging unique paths in culture.

The Role

The Tax Manager will handle tax compliance for a broker-dealer, prepare returns, ensure IRS compliance, and advise on trading structures. Requires CPA and extensive tax experience.

Summary Generated by Built In

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry.

Our Business department is comprised of several key teams who work to ensure that Belvedere is operating at the highest level. We look for passionate team members that excel and their contribution is critical to our continued success. Our Business Teams build and manage processes that strive to improve all facets of the company. Whether it’s human or financial capital, our goal is to drive productivity while enhancing Team Belvedere’s experience.

Belvedere Trading is seeking an experienced and highly skilled Tax Manager to join our finance team.

This individual will be responsible for managing the tax compliance and reporting obligations of a FINRA-registered broker-dealer engaged in proprietary trading. The role requires a CPA, strong technical tax expertise, and hands-on experience with the complex tax rules that apply to trading entities, including Section 1256 contracts and Section 1092 mixed straddles.

Team Belvedere is an environment where you will solve challenging problems with data-informed decisions. We seek someone passionate about treasury and who enjoys working in a fast-paced environment.

What you'll do

Prepare and review federal, state, and local income/franchise tax returns for the broker-dealer and related entities.
Manage preparation and review of Schedules K-1 for partners, ensuring accuracy and timely delivery.
Lead preparation of partnership (Form 1065) and corporate (Form 1120) returns, including supporting schedules and workpapers.
Oversee quarterly and annual tax provisions, estimated payments, and extensions.
Maintain robust documentation for audit and regulatory review.
Apply and maintain compliance with Section 475(f) mark-to-market elections.
Prepare and reconcile tax reporting for Section 1256 contracts and Section 1092 mixed straddles, ensuring proper application of IRS rules.
Identify and document book-to-tax differences from trading activity, including wash sales, options, and derivatives.
Monitor legislative and regulatory developments that impact broker-dealer taxation.
Advise management on tax-efficient structuring of trading activities and entity-level considerations.
Liaise with external auditors, tax advisors, and regulators during examinations and reviews.
Improve tax processes, controls, and reporting efficiency.
Assist in partnership accounting and intercompany accounting
Month-end close and other recurring accounting team needs

What you'll need

Certified Public Accountant (CPA) credential.
Minimum 5 years of progressive tax preparation experience, with direct involvement in financial services or broker-dealer clients.
Expertise with Section 1256 contracts (60/40 treatment) and Section 1092 mixed straddle rules.
Experience with Schedule K-1 preparation and partner allocations.
Prior experience with proprietary trading firms or FINRA-regulated entities.
Familiarity with guaranteed payments, trader vs. investor distinctions, and allocation of expenses across related entities.
Proficiency with GoSystem, CCH Axcess, or similar tax software.
Strong knowledge of U.S. federal and multi-state tax law.
Excellent analytical, organizational, and communication skills.
Ability to manage multiple complex deadlines in a regulated environment.

Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications. We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.

Core Values

The secret to our award-winning culture is our Core Values: Team Belvedere, Me In Team, Own It, Build Rockets, and Passionate Discourse. We live and breathe these values every day.

Our Stance

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.

Any questions regarding the virtual recruiting process, please reach out to [email protected].

Work Schedule: Regular and reliable attendance during standard business hours

Amount of Travel Required: None

Sponsorship: Not available for this position

Top Skills

Cch Axcess

Gosystem

Tax Software

What the Team is Saying

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The Company

HQ: Chicago, IL

265 Employees

Year Founded: 2002

What We Do

In March of 2002, Belvedere Trading emerged as Chicago’s newest market maker, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we have iteratively invested in our proprietary technology and made a commitment to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Building and nurturing a strong culture is one of Belvedere’s highest priorities, and we are always looking for the best and brightest talent to help us in our continued success.

Why Work With Us

At Belvedere, our differences are what allow us to compete and succeed at the highest level. Our Culture Committee and Women’s Initiative elevate the voices of our teammates to further promote an inclusive workplace. It is our priority to foster a sense of community and belonging for each team member while supporting individual development.