Tax Manager

Job Summary & Objectives

The Tax Manager is a key member of the Firm’s Tax team and is responsible for coordinating all tax filings for both the Firm and the Firm’s investment partnerships.  This role is responsible for tax aspects of partner distributions, partner capital accounts, and tax reporting on the Firm’s investment partnerships. The Tax Manager will monitor and communicate relevant changes in tax legislation and oversee the annual U.S. tax compliance process, and monthly state & local tax compliance, ensuring that all filings are completed in a timely and accurate manner.

Essential Job Duties & Responsibilities

• Monitor relevant changes in tax legislation and communicate them to the relevant parties. Perform research of tax laws, regulations, and rulings with strong command of federal, international, and state & local tax issues

• Review Federal and State partnership tax returns and workpapers, including schedules K-1, K-2 and K-3 and forms 1446, 8865 and 8858

• Review partner quarterly tax estimates and year-end taxable income projections, including estimating foreign tax credits

• Prepare schedules demonstrating the various tax payments due by the firm and explain variances. Review and approve tax payments in Chrome River

• Assist with the calculation, withholding and reconciliation of various states Pass-Through Entity (“PTE”) taxes

• Run monthly tax general ledgers, review and maintain tax account reconciliation schedules

• Review and approve monthly and quarterly tax compliance including sales & use, gross receipts, commercial rent taxes, and excise tax on professional liability insurance

• Manage local registration, filing and tax payment requirements in all existing jurisdictions as well as any new jurisdictions within which the firm enters / operates

• Communicate with tax auditors and coordinate the flow of information during tax audits

• Assist with questions from partners and their advisors, furnish partner information and prepare income verification letters, as needed

• Provide advice to other departments of the law firm, including OGC, HR, legal personnel, and payroll

• Assist with monitoring and reporting partner compliance with time entry policies

• Attend and participate in management meetings and proactively communicate tax updates, new technologies and trends to management

• Maintain tax compliance calendar and control schedules to ensure tax filings are prepared and filed in a timely manner

• Organize and maintain documentation of the Firm’s tax filings, creating a sensible filing system to support broader collaboration as the team scales

• Oversee the work of Tax Senior and Accounting Specialist, providing development and professional guidance

• Engage and oversee the work of external tax advisers

• Perform other duties as assigned

Education

• Bachelor of Accounting

• CPA or Master’s Degree in Tax or Accounting

Skills and Experience

• 6-10 years of professional experience

• Advanced proficiency in MS Excel

• Comprehensive knowledge of the federal and state tax laws and regulations, related applications and concepts, with emphasis on partnerships/Subchapter K

• Understanding of individual taxation as it relates to partnership income

• Solid understanding of accounting and partnership accounting, including partner distributions and capital accounts

• Familiarity with international tax aspects of a professional services organization

• Ability to effectively present information verbally and in writing

• Strong customer service and relationship building skills

• Proficiency in computerized tax research

• Strong management skills and attention to detail

• Can organize, prioritize, plan and multi-task work activities, with the ability to effectively meet deadlines in a high-pressure environment

• Ability to lead, direct, train and manage professional staff

• Ability to exercise a high level of independent judgment within established systems and procedures

Preferred

• Public accounting experience

• Experience with law firms or professional services organizations

• Fund accounting experience

• Broad understanding of individual taxation, including estate and gift taxes, preferably high net worth

Physical Demands (required to perform essential job functions)

Sedentary work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.

• Sitting: Remaining in the seated position, particularly for sustained periods of time

• Walking: Moving about on foot to accomplish tasks, particularly for long distances or moving from one work site to another

• Lifting: Raising objects from a lower to a higher position or moving objects horizontally

• Carrying: Transporting an object, usually holding it in the hands or arms, or on the shoulder

• Pulling/Pushing: Using upper extremities to exert steady force upon an object so that the object moves toward or away from the force

• Bending/Stooping/Kneeling/Crouching: Bending body downward and forward by bending legs and spine, or by bending legs at knees

• Reaching: Extending hand(s) and arm(s) in any direction

Work Environment

The worker is not substantially exposed to adverse environmental conditions as in typical office or administrative work (normal light, air and space in the work environment)

Salary Information

NY Only: The estimated base salary range for this position is $160,000 to $190,000 at the time of posting.

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Simpson Thacher & Bartlett is committed to a collegial work environment in which all individuals are treated with respect and dignity. The Firm prohibits discrimination or harassment based upon race, color, religion, gender, gender identity or expression, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, veteran’s status or any other legally protected status. This Policy pertains to every aspect of an individual’s relationship with the Firm, including but not limited to recruitment, hiring, compensation, benefits, training and development, promotion, transfer, discipline, termination, and all other privileges, terms and conditions of employment.