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Form of workJob Description
StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $570 billion of total capital allocations, including $134 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
About StepStone
StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $548 billion of total capital allocations, including $127 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
StepStone Tax is currently comprised of 8 individuals who are responsible for providing tax advice to the investment teams and managing global tax compliance and reporting for the investment funds and management companies.
Position Overview
This role will be responsible for managing tax compliance, planning, and advisory for the StepStone management company partnerships and business entities. This individual will report directly to the Director, Tax Reporting and work closely with external CPA firms and internal StepStone teams (accounting, finance, legal, etc.) to implement best practices for all levels of tax reporting.
Essential Job Functions
- Work with external tax providers to prepare federal, state, and local tax returns and computations for StepStone management company business entities
- Review year-end tax returns and workpapers
- Ensure the timely distribution of all draft and final K-1's to partners
- Review and monitor partnership tax allocations, IRC 704(b) and tax capital accounts, and IRC 743(b) adjustments
- Review quarterly taxable income estimates and tax distribution calculations
- Work with external tax advisors to evaluate partnership transactions and communicate potential considerations to various levels of management
- Manage the quarterly and annual tax PBC collection process and coordinate as needed to gather information across multiple StepStone teams
- Review payment vouchers and computations related to foreign withholding (ECI and FDAP), multistate withholding, and other entity level taxes. Timely coordination with various AP teams to process all tax payments.
- Prepare and/or review foreign and multistate withholding reconciliation accounts
- Assist with the formation of new entities (obtain EIN, prepare Forms 8832, etc.)
- Maintain entity listings and tax compliance calendars (tax filings, tax payments, etc.)
- Maintain various trackers including those for partner data, tax notices, and tax payments/refunds
- Prepare responses for tax notices received from federal, state, and local agencies
- Day to day involvement with StepStone management company team members, including assisting with ad-hoc requests
- Assist with the implementation and maintenance of the partner tax documents portal and interface with partners of the firm as necessary to answer tax questions and provide additional detail
Education/work experience requirements:
- Minimum Bachelor's degree required, CPA license or MST preferred
- 5+ years of experience in a combination of Big 4/Industry, experience in asset management industry preferred (private equity, real estate, fund-of-funds, etc.)
- Strong knowledge of partnership taxation, partner capital accounts, and special allocations
- Highly organized with a commitment to quality work
- Must be detail-oriented and self-motivated team player
- Ability to multi-task and manage competing deadlines and priorities
- Excellent analytical and problem-solving skills
- Strong verbal and written communication skills, including an ability to explain complex tax concepts to a non-tax technical audience
- Strong computer skills, including an advanced knowledge of Excel
About us
Working out of 24 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
