Career Center

 Role and Responsibilities

• Oversight of all tax filings for a current client roster of 12 families.
• Responsible for assuring that all tax filings are completed in a high quality, timely (by the IRS imposed deadlines or sooner) and efficient manner.
• G1 does not prepare tax returns; the Tax Manager would be G1’s primary point person for our various external accounting firms, which are typically the well-known medium to large accounting firms. These firms have dedicated accounting teams assigned to G1 and its families.
• Types of Returns: 1040’s, 1041’s, 1065’s, 1120-S’s, 1120-C’s, 990-PF’s, 709’s, 706’s, as well as SALT filings. There are some, but very few, international filings as well (ex:  Canadian income tax return).
• The far majority of said returns are extended because of the timing of receiving K-1’s for various investments.
• Communications to clients explaining the tax returns being filed and executive summaries.
• Management of master tax return list to assure no tax returns fall through the cracks.
• Responsible for assuring that all estimated, tax and extension payments are completed in a timely manner.
• Oversight of ES payment calculations on a quarterly basis.
• Oversight of Extension payment calculations on March 15th and April 15th.
• Assistance by external accounting firms for calculations is available if necessary.
• Oversight of payments, primarily through the EFTPS system or state electronic payment systems.
• Communications to clients explaining the amount of payment necessary and explanation as to why.
• Responsible for assuring that all tax data is provided to external accounting firms in order to prepare tax returns or prepare estimate/extension calculations.
• Gathering of tax data and storing electronically.
• Completion of tax organizers (income, gift, trust, and entity) and authoring annual cover memorandums for external accountants and attorneys
• Leading annual meeting with external accountants to review tax organizers and annual memo’s.
• Inventory of missing tax data.
• Acquiring missing tax data in a proactive manner.
• Responsible for final review of tax returns before they are sent to clients for signatures.
• G1’s clients appreciate the second set of eyes on all tax returns, and it is expected that the Family Office Tax Specialist will have reviewed and signed off on every tax filing before it is sent for signature.
• Responsible for providing clear communications on tax topics both internally and externally
• Serve as point person on tax matters for (1) Client  (2)  G1 Senior Manager overseeing the entire family office relationship and (3) external accountants/attorneys.
• Lead tax related sections of client meeting agendas.
• Schedule and lead pre-tax season (typically February/March) and post-tax season (typically November/December) debriefs with external accountants and the G1 team assigned to each family.
• Responsible for providing tax strategy advice on complex and sophisticated matters
  • G1 typically works in a team setting with a family’s external accountants and attorneys and finds that the best ideas are generated by such collaboration.
  • Collaborate with team on providing tax strategy ideas and advice on many complex and unique topics:
    • Creation of Special Purpose Vehicles for unique and private investment opportunities
    • Type of entity to form (partnership, LLC, C vs S)
    • Family Office structures and profits interests/carries
    • Aircraft charter businesses
    • Partnership matters (inside vs outside basis)
    • Changes or anticipated changes in tax law
    • Split-interest vehicles
    • Turning off grantor trust status.

• Prior experience at a family office is not a necessity. However, the candidate must preferably have approximately 5-10 years of experience in public accounting (or a comparable amount of experience elsewhere) and substantial hands-on experience in tax return preparation so that the candidate can manage the entire tax return process from Jan/Feb through November 15.
• Excellent communication skills and the ability to explain complex matters in an understandable manner.
• Detail oriented, self-starter and a good self-reviewer.
• Honest, good work ethic, and is a good personality fit for our team.
• Undergraduate degree is required. A graduate degree, such as a J.D. or M.B.A., is not required.
• Must be a CPA or MST.

Candidate must be able to provide at least three references and will agree to a full background check