Vice President – Tax Job Vacancy in Citco Hyderabad, Telangana – Updated today

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Company Name : Citco
Location : Hyderabad, Telangana
Position :

Job Description : Tax- Vice President
Hyderabad
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.
For more information about Citco, please visit www.citco.com
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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