Overview
This role involves serving as a State and Local Tax (SALT) subject matter expert for clients within the financial services industry, including asset managers, banks, insurance companies, private credit, fintech, and other financial institutions. The position requires leading SALT compliance and consulting engagements that address complex multistate tax issues unique to financial services organizations.
Responsibilities
- Lead SALT compliance and consulting engagements focusing on multistate tax issues such as income tax compliance reviews, income sourcing, apportionment, and nexus considerations.
- Advise clients on state tax implications related to financial products, services, and revenue streams, including fee-based income, investment structures, and intercompany transactions.
- Provide technical guidance on state income/franchise, sales/use, and other indirect tax matters affecting financial institutions.
- Support clients in navigating state tax considerations related to emerging financial models, including fintech platforms, digital payments, and alternative investment structures.
- Conduct nexus and filing footprint analyses for multistate and highly regulated financial services organizations.
- Assist with audit defense, controversy matters, and voluntary disclosures specific to financial services and institutional clients.
- Monitor and communicate developments in state taxation impacting financial institutions and translate those changes into actionable client guidance.
- Collaborate with firm leadership to expand SALT services within the financial services sector by identifying new service offerings and market opportunities.
Minimum Qualifications
- Bachelor's degree required.
- Minimum of 8 years of experience in public accounting or a related field.
- At least 5 years of supervisory experience.
- Active CPA or equivalent certification required.
- Proven ability to manage all aspects of client engagements.
- Strong organizational skills to manage deadlines, multiple assignments, and prioritize tasks effectively.
- Excellent verbal and written communication skills across all organizational levels, both internally and externally.
- Proficient in the use of applicable technology.
- Ability to travel as required based on business needs.
Preferred Qualifications
- Experience providing SALT services to financial institutions or financial services clients such as asset management, banking, insurance, private equity, hedge funds, or fintech, particularly in the New York Metro area.
- Strong understanding of state tax rules impacting financial services, including apportionment methodologies, sourcing of receipts, and industry-specific nuances.
- Experience advising on complex entity structures and investment vehicles common within financial services.
- Familiarity with regulatory and reporting environments applicable to financial institutions and their state tax implications.
- Exposure to emerging areas such as fintech, digital payments, and digital assets within the financial services context is a plus.
- Demonstrated ability to translate complex financial structures into practical SALT strategies and compliance solutions.
Location
New York Metro area preferred.
Compensation & Benefits
Details regarding compensation and benefits are not specified in this description but are commensurate with experience and industry standards.