Vice President - Tax
The Citco Group Limited
Hyderabad, Hyderabad
4d ago

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide.

With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

Citco Fund Services (CFS) - Tax

Citco tax team provides timely and accurate tax reporting for both the funds and the investors in Hedge Funds, Private Equity and Real Estate Funds, and Fund of Funds.

Citco delivers a complete solution dedicated tax team with international presence, customized tax technology solutions, data integration, efficient reporting process and continuous service.

Our experienced tax professionals can prepare all US federal and state forms and the service is customizable to the needs of each client and particular fund.

Key Tax Compliance Services

  • Preparation of taxable income, tax allocations and investor K-1s
  • Fund & Management Company Tax Returns
  • State & Local Filing
  • Passive Foreign Company Annual Information Statements
  • Form 1099 Preparation
  • FIN 48 Analysis
  • IRS & State Audit Assistance
  • FATCA Returns & CRS Filing
  • Tax Planning & Technology

  • Live Tax Trial Balance through Tax Dashboard
  • Optimization of lot relief methodologies
  • Dynamic tax estimates
  • Customized daily wash sales, straddles reports
  • Proprietary Tax Allocation Modelling
  • Tax Waterfall Modelling
  • Other global tax services include providing supporting calculations and related tax services for local reporting in Australia, Austria, Germany, the UK, Switzerland and other counties.

    The CFS Global Tax comprises of specialized teams handling hedge fund, private equity, real estate, FATCA Compliance, Fin 48 Assistance, German, UK & Australian Tax Reporting.

    Team locations now include the US, UK, Lithuania, Philippines and India.

    A career within Tax services, will provide you with the opportunity to help our clients meet and manage their tax obligations across unique but ever-changing tax specialties.

    Vice President Responsibilities

    As a Vice President, you will join as part of a global tax team assisting the group from managing project assignments leading to the actual issuance of tax deliverables to our clients.

    Specific responsibilities include but are not limited to :

  • Support the set-up a Hyderabad tax team who will assist with the production of tax deliverables by various tax functions of the global tax group;
  • work closely with Sr. Vice president and Citco offices overseas.

  • Plan and execute Tax IT developments by directing and coordinating with other departments of Citco.
  • Ensure effective staff development : train, coach, supervise and appraise performance of staff
  • Manage and oversee a team of AVPs / managers, supervisors, seniors, staff / seniors
  • Participate in the growing of the tax team including screening & interviewing candidates
  • Maintain internal controls ensuring the Company remains compliant with all regulations.
  • Review and ensure quality of tax products work papers, tax returns and all other tax deliverables
  • Assist the management and delivering of large projects
  • Act as technical and knowledge resource to the tax department
  • Assist in the management of a portfolio of clients including the allocation of projects across the global tax team.
  • Multi task and juggle priorities in a highly dynamic, global team environment
  • Review, build and improve tax processes. This includes handling tax tool enhancement or other related initiatives.
  • Develop strategies to solve complex technical challenges
  • Build new and existing client relationships and demonstrate knowledge of the industry. Work collaboratively with the client and third party auditors in order to resolve tax related issues faced by the client
  • Participate in business development activities to help identify and research opportunities on new / existing clients
  • Keep up to date with relevant industry regulatory changes affecting the business operations
  • Develop internal and client relationship
  • Education, Qualifications and Experience

  • At least twelve (12) years of relevant experience in the alternative investment industry
  • Strong software skills
  • MS Excel The successful candidate will be comfortable with formulas, should understand the basics of macros & pivot tables, and be able to navigate and understand workbooks
  • In general, candidates should have an intuitive feel and be a quick study for various software applications
  • Proficient in Go System Tax RS
  • Extensive experience in US tax compliance for hedge / private equity funds is a MUST including exposure in the following areas :
  • Degree qualified in Accounting or Finance related area and / or studying for a professional accounting qualification
  • Preparation and review Form 1065, Schedule K-1s, PFIC statements and related schedules including L, M1, M2 and M3
  • Preparation and review of complex international tax forms, particularly Forms 8865, 8858, 8621 and 5471
  • Work on issues regarding withholding tax based on Effectively Connected Income and prepare Form 8804, Form 8805, Form 1042, Form 1042-S.
  • Identify foreign / domestic status of partner(s) by analyzing Forms W-8BEN, W-8ECI, W-8IMY and / or W-9

  • Perform research of relevant tax laws, regulations and rulings to determine proper tax treatment of issues
  • Review of FBAR filings (FinCEN Form 114) with the Department of the Treasury
  • Work on complex partnership profit / loss allocations for hedge funds and fund of funds
  • Review client deliverables. Work closely with tax managers and clients on a daily basis
  • Formulate work-papers to support book to tax analysis, tax allocations, and calculations to support K-1 footnotes
  • Review all the tax lot testing; dividend income / expense, wash sales, straddles, constructive sales, short sale holding period etc.
  • in order to get to final taxable number for the accurate income tax filing

  • Instruct classes to newly hired staff regarding tax issues and their treatment
  • Strong attention to detail, ability to troubleshoot and solve problems
  • Ability to manage multiple tasks / projects, proactive and team player attitude
  • Enrolled Agent / US CPA designation is a plus
  • Our Benefits

    Your wellbeing is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs.

    Ask us about specific benefits in your location.

    We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

    Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

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