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Tax Manager

Company: PBM Capital Group
Location: Charlottesville
Posted on: November 12, 2021

Job Description:

Tiger Lily Capital ("TLC") is a multigenerational, single-family office ("SFO") located in Charlottesville, VA, responsible for over $1B in family assets. TLC is a full-service SFO that provides accounting, tax, investment, philanthropic, and lifestyle support to the founding family of TLC. Areas of emphasis include public market and private equity investing, real-estate development, risk management, and accounting and tax support for over 50 legal entities (e.g., trusts, LLC's, etc.). PBM Capital Group ("PBMCG") is an early-stage, life science investment team located in Charlottesville VA and New York, NY. PBMCG seeks to become long-term partners with scientists, inventors, family business owners, and exceptional CEO's whose goal is to achieve significant long-term growth in their enterprise. We provide operational and back-office support to some portfolio companies. In addition, we support a series of internal holding companies.Executive Overview:The Manager of Tax will be a key team member, who is responsible for tax strategy, tax compliance, and estate planning for a multi-generational family with a wide variety of business interests. The individual will be proactive in identifying long-term or transactional risks and how to mitigate them. The Manager of Tax will operate with a planning mindset that integrates understanding of the family's various business interests. In addition to big picture matters, they will manage the details of a complex tax and business setting. The position requires self-motivation, collaboration, and a desire to continually evolve as a tax professional and business executive.Duties and Responsibilities:

  • Execute and manage all PBMCG and TLC tax matters, including timely and accurate filing of individual, corporate, partnership, fiduciary, and exempt organization returns. Over 100 entities (combining TLC and PBMCG) file over 60 Federal tax returns.
  • Review, respond to, and resolve tax notices from the IRS and state taxing authorities. Manage audits by taxing authorities by serving as the auditor's primary point of contact.
  • Identify, originate, and implement estate planning initiatives in concert with outside legal advisors and family members.
  • Develop and manage internal processes within PBMCG and TLC to ensure a smooth flow of tax information from internal accounting team to outside CPAs. Review internal financial statements to identify material book/tax differences and any unusual transactions.
  • In conjunction with outside CPA firm, develop, publish, and manage a calendar of deadlines/milestones that results in timely filing all tax returns. Prioritize, forecast, and manage workflow to minimize disruptions during filing seasons.
  • Perform technical reviews and approve all tax returns and supporting documents, whether prepared internally or by outside CPA firm.
  • Coordinate with PBMCG and TLC on a routine basis on operational and strategic issues; determine and advise of tax consequences. Provide leadership and tax-related insights to PBMCG and TLC that focus on tax-efficiency and lead to optimal results. Advise company management on various ad hoc matters as requested.
  • Liaison with third party tax advisors and outside counsel on specific tax issues and questions that are outside the scope of ordinary tax compliance. Ensure timely and relevant communications to the appropriate personnel within PBMCG and TLC for all important tax developments affecting the family enterprise. Present updates and insights to the family as needed.
  • Maintain current technical knowledge of general economic and political trends, particularly as they relate to tax legislation or regulation (Federal and State).Qualifications and Other Required/Preferred Skills:The ideal candidate will enjoy working in a small, dynamic, and growing enterprise. The position requires individual initiative, critical thinking, and problem-solving skills. The ability to prioritize, organize, and multitask - while meeting various deadlines throughout the year - is required. The ability to communicate effectively and succinctly, orally and in writing, is necessary. Required
    • Certified Public Accountant license
    • 5+ years of tax preparation/compliance/modeling experience
    • Recent public accounting tax experience in a regional, national or Big 4 CPA firm.
    • Experience working with high net worth or family office clients
    • Experience with reviewing the following tax return types: individual income, fiduciary income, partnership income, s-corp income, c-corp income, private foundation return, and gift tax
    • Vaccination required.
    • NOTE- This is not a remote position, although professional flexibility can be provided. Bebefits include Summer Friday's. (remote work and early closing) between Memorial Day and Labor Day. Preferred
      • Master of Tax or comparable
      • Understanding of complex partnership allocations
      • Tax or accounting work experience outside of public accounting
      • Experience applying related party rules, disqualified person rules (re private foundations), and aggregation

Keywords: PBM Capital Group, Charlottesville , Tax Manager, Accounting, Auditing , Charlottesville, Virginia

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