Director, Tax
Apply NowCompany: T Rowe Price Group, Inc
Location: Maryland Line, MD 21105
Description:
Requisition Number: 75589
Position Title:
External Description:
About this Position
We are seeking an adaptable and innovative tax director to lead the expansion of our private equity investment strategy beyond the investments held by our traditional vehicles such as mutual funds. This position will support the launch and ongoing maintenance of a typical private equity fund and upper tier structure to expand our distribution to sophisticated institutional and high net-worth investors.
You will lead the tax function with respect to our private equity business, work closely with the CFO to build and maintain the support structure for the new distribution channel, and provide a tax perspective on deal structure and documentation. You will develop strong relationships with key investment and operational personnel and support our business as a tax resource in client meetings. We utilize a tax service provider for compliance and consulting, and you will own all aspects of the oversight of the external tax service provider.
Role Summary
Works with senior management roles to ensure that the appropriate private equity tax strategy, policies, methods, standards, processes, reporting, and training are developed, applied, and understood. Maintains extensive knowledge of tax processes and in-depth knowledge of tax support requirements. Oversees external tax service provider and directs their work.
Responsibilities
Qualifications
Required:
Preferred:
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to two days per week from home.
City:
State:
Community / Marketing Title: Director, Tax
Company Profile:
Location_formattedLocationLong: Maryland, US
CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion:We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.Benefits: We invest in our people through a wide range of programs and benefits, including: Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions Flexible and remote work opportunities Health care benefits (medical, dental, vision) Tuition assistance Wellness programs (fitness reimbursement, Employee Assistance Program)Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates' well-being and addressing the needs of our clients, business, and communities is unwavering.T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
Position Title:
External Description:
About this Position
We are seeking an adaptable and innovative tax director to lead the expansion of our private equity investment strategy beyond the investments held by our traditional vehicles such as mutual funds. This position will support the launch and ongoing maintenance of a typical private equity fund and upper tier structure to expand our distribution to sophisticated institutional and high net-worth investors.
You will lead the tax function with respect to our private equity business, work closely with the CFO to build and maintain the support structure for the new distribution channel, and provide a tax perspective on deal structure and documentation. You will develop strong relationships with key investment and operational personnel and support our business as a tax resource in client meetings. We utilize a tax service provider for compliance and consulting, and you will own all aspects of the oversight of the external tax service provider.
Role Summary
Works with senior management roles to ensure that the appropriate private equity tax strategy, policies, methods, standards, processes, reporting, and training are developed, applied, and understood. Maintains extensive knowledge of tax processes and in-depth knowledge of tax support requirements. Oversees external tax service provider and directs their work.
Responsibilities
- Influences the establishment of an organizational tax strategy that alleviates or reduces tax burden while minimizing regulatory and audit risk. Leverages extensive private equity tax knowledge and experience to establish a strategic path for the achievement of business objectives.
- Oversees the external tax service provider's preparation of various tax returns.
- Performs complex research, analysis, and interpretation of the tax law, regulations, and cases to provide senior management with recommendations and opinions by applying tax concepts.
- Oversees, mentors, and trains junior tax staff on private equity tax law, reporting, accounting, and compliance matters.
Qualifications
Required:
- Bachelor's degree AND
- 10+ years of total relevant work experience
Preferred:
- Expertise in private equity tax research, planning, and compliance
- Experience interacting with sophisticated investors and their tax consultants
- Advanced degree such as Masters of Tax, JD or LLM
- CPA, CFA or licensed attorney
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to two days per week from home.
City:
State:
Community / Marketing Title: Director, Tax
Company Profile:
Location_formattedLocationLong: Maryland, US
CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion:We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.Benefits: We invest in our people through a wide range of programs and benefits, including: Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions Flexible and remote work opportunities Health care benefits (medical, dental, vision) Tuition assistance Wellness programs (fitness reimbursement, Employee Assistance Program)Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates' well-being and addressing the needs of our clients, business, and communities is unwavering.T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.