Fractional Director of Tax (Advisor Network)

About Arootah

Arootah is a talent solutions firm purpose-built for the alternative investment industry. We advise and we execute, covering the full talent spectrum from entry to exit across five services: Talent Acquisition, Fractional Leadership, Talent Development, Retention & Compensation, and Transition.

Most talent firms solve one problem. Because we cover the full spectrum, we can help clients identify and solve the right one. We start with diagnosis, then deliver.

Our team has run alternative investment firms at the highest levels as COOs, CFOs, and CCOs. That operator experience, combined with 15+ years of alternatives-specific recruiting and a network of 700+ vetted advisors across 18 functional disciplines, is what makes the advice credible and the execution reliable. We also draw on a network of 600+ coaches, deploying those with specific experience guiding senior executives in the alternatives industry.

One industry. One talent partner. Entry to exit.

Learn more: https://arootah.com/

Who We’re Looking For

Arootah is searching for experienced Directors of Tax to consult to our highly prestigious client base. As a consultant, you will work with our Alternative Asset Firm and Family Office clients to provide expert advice. Having previously served in this leadership role, you have specific, hands-on experience developing, implementing, and maintaining complete Tax-Compliance and Tax-Reporting policies and processes for a leading Alternative Asset Firm or Family Office. 

Core Areas of Expertise

Best practice reviews. 

Developing realistic and effective action plans.

Breaking apart goals into actionable steps. 

Advising on vendor selection and oversight.

Creating and implementing policies, procedures, and control measures. 

Evaluating each client’s advancement toward goal actualization through key performance indicators (KPIs) and scoring matrices. 

Special projects or other areas of need.

All aspects of the day-to-day management and oversight of preparation of outsourced U.S. federal, state, and local tax returns as well as outsourced international tax filings, statutory accounts, private property, and business licenses for all funds and business entities.

Establish and maintain the policies and procedures for tax workpapers, allocations and tax returns, as well as perform research to advise on transactional and tax planning opportunities, including aggregate allocations, trader vs. investor determination, and identifying necessary federal, international, and state investor reporting.

Oversee, review, and approve outside service providers’ preparation and filing/delivery of estimated and final fund returns, management-company returns, and K-1 reporting in accordance with ASC 740 and IAS 12.

Lead a team that owns the North American payroll tax process (ensures accurate and timely filing of weekly, semi-monthly, monthly, quarterly, and annual tax returns, respond to and resolve employee tax issues, notices, and audits).

Select and manage all third party domestic and international tax service providers and vendors.

Manage U.S. federal, state and local as well as international tax audits and exams by preparing/reviewing responses and appropriate analyses with internal teams, outside tax service providers and external auditors to resolve open items.

Complete and review various analysis and reports throughout the year to assist with the quarterly/annual budgeting and forecasting process.

Advise Portfolio Managers and executive leadership on the business impact of proposed and new tax laws, regulations, decisions, and legislation.

Collaborate with reporting and tax advisors, finance team, and additional business unit leaders, including IT to manage tax data requirements to maintain full responsibility over the tax reporting and compliance process.

Serve as the subject matter expert to provide assistance to limited partners, investors, and their constituents on tax reporting needs, including periodic estimates and year-end reporting requirements.

What You Bring

A Bachelor’s Degree in Accounting, Economics, Finance, Mathematics, or a related field.

CPA designation and/or advanced degree (MST).

10+ years of prior work experience, specifically as a Director of Tax for an Alternative Asset Firm or Family Office.

5+ years of proven experience with tax preparation, fund accounting, general ledger accounting or previous Big 4 accounting/tax experience.

Demonstrated understanding of Subchapter K, financial products, wash sale and constructive sale rules, as well as familiarity with aggregate allocations.

In-depth understanding of the tax treatment for various investment types, asset classes, financial instruments and vehicle structures.

Extensive compliance experience with regulatory and reporting agencies including the IRS and foreign tax authorities.

Expertise with Microsoft applications (Word and Excel) and some tax planning/preparation software (ProSystem fx, CCH Access Tax, etc.).