Tax Accountant

Pay Rate: $30 - $34

Hybrid -- 3 days in the office
Bank Center Milwaukee - Hub
777 E Wisconsin Ave
Milwaukee, Wisconsin 53202

Position Summary

The Fund Administration practice of Bancorp Fund Services, LLC (USBFS) provides value-added services to a robust and rapidly growing client base, which includes mutual funds, hedge funds, private equity funds, offshore funds and other investment companies.
In today’s complex and dynamic legal and regulatory environment, clients demand to be serviced by tax professionals who understand the industry, investments and client goals. USBFS tax professionals are seen as trusted advisors to clients and accounting firms to develop and implement innovative tax planning solutions that optimize tax strategies and positions, as well as identify and mitigate risk.

The Tax Analyst works as part of a team responsible for providing value-added services to investment companies and investment advisers. The tax team works with clients and independent auditors to prepare federal and state tax returns and monitor the funds’ income and capital gain distributions.

Key Responsibilities

Prepare IRS Forms 1120-RIC, 8613, 1065 and Schedule K-1s along with any required state and local tax Forms. Coordinate the distribution of necessary tax forms and supporting schedules to investors/partners. Prepare mutual fund taxable income calculations, including book-to-tax differences for fiscal and excise tax purposes, in addition (i.E. Wash sales, 1256 adjustments, 988 adjustments, PFIC adjustments and others) and arrive at taxable income for hedge funds and investment partnerships. Set-up new partnerships and partners in the tax return preparation software. 

Calculate monthly, quarterly, semi-annual and / or annual federal, and if applicable, state estimated tax payments. Calculate and prepare various federal and state miscellaneous withholdings tax liabilities and forms. Coordinate the preparation of Form 1099-MISC. Prepare income and capital gain/loss estimates, including book-to-tax differences as requested by client. Prepare dividend distribution calculations.
Qualifications
Bachelor’s degree required. Accounting or Finance degree required. 
CPA certification or candidate a plus.