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Investment Tax Accountant

Business Affairs: Financial Management Services (FMS), Redwood City, California, United States

New

Finance

Post Date 1 day ago

Requisition # 106578

OVERVIEW

The expected pay range for this position is $109,388 to $120,000 per annum.

Stanford University provides pay ranges representing its good faith estimate of what the university reasonably expects to pay for a position. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location and external market pay for comparable jobs.

At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website (https://cardinalatwork.stanford.edu/benefits-rewards) provides detailed information on Stanford’s extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.

Stanford University seeks people committed to excellence and to improving our world and, in turn, is dedicated to supporting its employees as they develop their careers and enrich their lives.

Stanford’s Business Affairs provides administrative policies, infrastructure, systems, services, and support for the benefit of the university community.

Financial Management Services (FMS), a department within Business Affairs, is responsible for creating an ecosystem which promotes innovative and sound financial administration policies and practices that balance controls, compliance, and customer service. FMS is primarily responsible for financial policy oversight, quality assurance and financial services at Stanford University and its affiliated entities. It also serves as a liaison to the hospitals and the Stanford Linear Accelerator Center (SLAC). The FMS work environment is grounded by core values that include cultivating growth, celebration and appreciation, and collaborating with curiosity in order to nurture an inclusive environment where everyone is valued, respected, and can thrive.

JOB PURPOSE

The Tax Cuts and Jobs Act (TCJA), signed into law in December 2017, significantly expanded our tax reporting responsibilities—particularly with respect to the excise tax on net investment income. In this increasingly complex tax environment, we are seeking a professional to analyze, track, remit and report on our excise tax liabilities. A strong understanding of key components of investment tax compliance, including partnership basis tracking and taxable events within investment funds is essential for success in this role.

Operating within our collaborative culture, you will have the opportunity to streamline and improve processes, actively shaping the direction of the position while continuing to build your expertise. This role also offers the unique opportunity to work closely with both the Tax Compliance and Investment Accounting teams to support the University’s compliance with the TCJA.

This position has become available due to the resignation of the current incumbent, creating an opportunity to step into a critical and evolving role within the tax department. This position will report to Senior Tax Manager, Compliance.

CORE DUTIES:

+ Preparing current and deferred tax analyses for quarterly and year-end tax provision. Construct and assemble data for decision making; develop conclusions, and present high level summary of recommendations.

+ Prepare and review of the excise tax return for Stanford and its affiliates; determine appropriate procedures for tax accounting, research of transactions and reporting. Oversee, reconcile, and resolve problems relative to tax matters.

+ Prepare monthly tax compliance reports and reconciliations. Generate, review, analyze and communicate tax data that reflects actual liabilities against estimated liabilities. Prepare and present quantitative and qualitative analyses focusing on variances from estimates and prior data.

+ Maintain tax basis for all investments and support all compliance efforts related to the Tax Cuts and Jobs Act; recommend and implement any approved modifications; perform preliminary tax analysis and recommend solutions. Develop and maintain desktop procedures and process documentation for area of responsibility and ensure compliance.

+ Run and analyze tax reports, often from multiple systems; prepare management information reports; assist with accurate and timely filing/remittance of tax payments

+ Execute internal control programs established by management, research new regulations, and recommend and assist in the enhancement of our tax accounting system. May manage compliance program for area of responsibility, and create complex compliance reports.

+ Contribute to unit and organization strategy; assist in the development of change management plans and materials as needed. Participate as a member of a project team; support new initiatives. Make decisions determining approach to managing and completing processes.

+ Participate in critical analysis of existing systems and processes, and identify opportunities for process improvement. Review and document tax processes and related systems to ensure compliance with internal control requirements, develop and implement complex test cases, perform system testing and analyze results.

+ Serve as a resource to local units and other departments to resolve tax related issues.

+ May act as a lead, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.

+ Other duties may also be assigned.

_Note: Not all unique aspects of the job are covered by this job description_

MINIMUM REQUIREMENTS

Education & Experience:

+ Bachelor's degree in Accounting, Finance, or related field plus four years of applicable experience, or combination of education and relevant work experience.

+ CPA and/or Masters in Tax strongly preferred.

Knowledge, Skills and Abilities:

+ Demonstrated knowledge of corporate and partnership tax rules.

+ Understanding of alternative investments and their tax issues.

+ Ability to analyze and synthesize complex data; high attention to detail.

+ Strong oral and written communication skills, including the ability to clearly and effectively communicate information to and educate internal and external audiences and client groups.

+ Strong interpersonal skills. Ability to build relationships and work cross functionally.

+ Strong organization, planning and project management skills; ability to prioritize tasks to meet business requirements and deadlines.

+ Customer focused, with continuous improvement mindset, problem anticipation and resolution.

+ Ability to interact with all levels of the organization and drive process improvements according to best practices while ensuring adherence to Stanford policies and all applicable laws and regulations.

+ Advanced knowledge of Microsoft applications, such as Excel, Word, and PowerPoint.

Certifications and Licenses:

CPA or Enrolled Agent preferred

PHYSICAL REQUIREMENTS*

+ Constantly perform desk-based computer tasks.

+ Frequently sit, sort, file paperwork or parts, grasp lightly, and use fine manipulation, lift, carry, push and pull objects that weigh 10 pounds or less.

+ Occasionally write by hand, twist, bend, stoop and squat.

+ Rarely stand, walk, reach or work above shoulders and use a telephone.

_* - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of the job._

WORKING CONDITIONS:

+ May work extended hours during peak business cycles.

WORK STANDARDS:

+ Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.

+ Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.

+ Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University’s Administrative Guide, http://adminguide.stanford.edu.

WHY STANFORD IS FOR YOU

Stanford University has revolutionized the way we live and how it enriches the world. Supporting this mission is our diverse and dedicated 17,000 staff. We seek talent driven to impact the future of our legacy. Our culture and unique perks empower you with:

+ **Freedom to grow.** We offer career development programs, tuition reimbursement, or audit a course. Join a TedTalk, film screening, or listen to a renowned author or global leader speak.

+ **A caring culture.** We provide superb retirement plans, generous time-off, and family care resources.

+ **A healthier you.** Climb our rock wall or choose from hundreds of health or fitness classes at our world-class exercise facilities. We also provide excellent health care benefits.

+ **Discovery and fun.** Stroll through historic sculptures, trails, and museums.

+ **Enviable resources.** Enjoy free commuter programs, ridesharing incentives, discounts and more!

+ **Redwood City.** Our new Stanford Redwood City campus, which opened in 2019, is the workplace for approximately 2,700 staff, including FMS, whose jobs are important to supporting the university’s mission.The campus will offer amenities such as onsite cafes and a dining pavilion, a high-end fitness facility with an outdoor pool, and a childcare center for Stanford families.

_The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned._

_Consistent with its obligations under the law, the University will provide reasonable accommodations to applicants and employees with disabilities. Applicants requiring a reasonable accommodation for any part of the application or hiring process should contact Stanford University Human Resources by submitting acontact form._

_Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law._

Additional Information

+ **Schedule: Full-time**

+ **Job Code: 4442**

+ **Employee Status: Regular**

+ **Grade: H**

+ **Requisition ID: 106578**

+ **Work Arrangement : Hybrid Eligible**