Senior Accountant - 1065 FS - Tax - AMD
On-siteAhmedabad, Gujarat, India
Job Summary
Prepare complex 1065-partnership returns for hedge funds, private equity, and venture capital entities across federal and state jurisdictions. Conduct detailed reviews of simple and moderate partnership and S-Corporation returns, analyzing book-to-tax adjustments, depreciation, and gain/loss. Execute self-review of complex work, document open items, and coordinate with reviewers to meet deadlines while managing multiple projects simultaneously. Assist staff in addressing tax issues, train new joiners on concepts and technology, and independently manage kickoff calls. Connect with US counterparts to track budgets and utilize efile validation tools to clear diagnostics. Identify potential adjustments due to tax law changes and reflect findings on workpapers.
Required Qualifications
- Commerce Graduate/Postgraduate
- 3-6 years in US Taxation
- Good communication and drafting skills
- Work-based demonstrated affinity in pursuing a career in customs matters
- Integrity
- Energy
- Independent working ability
- Collaborative mindset
- Active communication
- Team player
- Ability to plan, prioritize, and organize work effectively
- Ability to balance many projects simultaneously
- Ability to work under pressure and time deadlines
- Ability to work independently
- Ability to be flexible with scheduling to meet workflow demands
- Ability to present a professional appearance and demeanor
- Ability to maintain client confidentiality, personal objectivity, and professional skepticism
Desired Qualifications
- Advanced knowledge of tax allocations, waterfall, carry, instalment Sales
- Advanced understanding of derivatives
- Advanced understanding of Temporary and permanent adjustments
- Advanced understanding of favorable and unfavorable adjustments
- Advanced understanding of Sec 163J and Sec 199A
- Advanced understanding of 1042, 8805, state withholding forms
- Complete understanding of Schedule M-1, Schedule M3
- Advanced understanding of types of investors (Limited and General Partners)
- Advanced understanding of Management companies, GP entities, identifying M-1's
- Book to tax adjustment for accruals and prepaids
- Guarantee payments – Concept and applications on the tax returns
- Ability to identify potential adjustments due to tax law changes and reflect on workpapers and returns
- Working level experience of international returns along with review capabilities
- Ability to identify category of filings per facts related to respective tax years
- Ability to perform proper self-review of complex work before moving the task for review
- Ability to deep dive into the depreciation and gain/loss
- Ability to analyze financial statements and seek relevant details
- Advance level tax technical knowledge on state tax returns, applications, nexus and filing requirements
- Clear understanding of partners tax capital accounts
- Hands on experience on tools and applications
- Ability to work/review on multiple projects simultaneously and correspondence with aligned reviewer on status
- Knowledge of efile validation and diagnostics of returns and connect Go support for efile diagnostics clearing
- Ability to identify and review of potentials book to tax (Sch M-1) adjustments
- Ability to train and mentor new joiners on tax concept and technology
- Ability to share detailed review feedback with staff along with resolutions to tackle those
- Ability to manage the kickoff calls independently or with little support from Managers
- Ability to connect with US counterparts and keep track on the budget assigned for each task
- Work towards tax technical skills enhancement by working on secondary and cross skills set and able to drive this with staff and help them to grow
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