Job Information
Neuberger Berman Tax Manager - Private Equity Real Estate in New York, New York
Summary:
Seeking an experienced tax professional with a focus on Real Estate investing (REITs),Private Equity Funds, Residential Mortgages, and Real Estate Secondaries to lead the tax department through a series of RE Private Equity Funds focused on making entity level investments in real estate operating companies, and holdings interests in Real Estate focused investment managers.
Responsibilities:
Managing tax compliance process outsourced to a Big 4 accounting firm, including review of federal, state, and foreign tax reporting, assistance supporting book – tax differences, reviewing K-1 allocations and disclosures for accuracy and completeness.
Work closely with Almanac CFO, Investment Teams, Legal and IR Teams related to Fund structuring, including tax modeling, AIV structures for foreign investors, and creation of marketing documentation.
Participate in the deal due diligence process, including reviewing deal structure, calculating purchase price allocations, and consulting with Investment Teams and Deal Counsel on various tax matters.
Advise Investment Teams on tax impact of various transactions, restructurings, and Portfolio Company activities.
Support Fund Controllers related to financial reporting in tax sensitive structures, including leveraged corporate blockers, REITs, and foreign investor structures.
Communicate with Portfolio Company management and their tax advisors related to tax positions and Fund reporting.
Communicate directly with both prospective and existing investors to provide tax reporting, respond to queries, and market new products.
Oversee quarterly REIT compliance engagement for 14 private REITs.
Draw upon the resources, both internally within NB, and externally with tax advisors, to develop and document tax guidelines, policies, and positions.
Research and document technical tax issues on an ad hoc basis.
Calculate corporate estimated payments, manage internal REIT compliance processes.
Manage, research and resolve tax notices.
Prepare tax forms for elections, dissolutions, and other required filings.
Prepare annual taxable income estimates related to Management Team carried interest and equity interests.
Qualifications:
Bachelor’s Degree in Accounting, CPA or advanced tax degree highly preferred.
Prior Big 4 and / or Private Equity Experience in similar role, minimum of five years.
Knowledge of tax compliance of Real Estate Investment Trusts is required.
Experience with inbound investor tax structures for investing in US Real Estate is desired.
Strong communication skills, and the ability to comfortably communicate up / down / across the organization is necessary.
Team player, willing to promote the ability of the Almanac Finance Organization to be a value-added resource to Investment Teams, IR, and Legal groups.
Self-motivated, strong organization skills, ability to manage priorities and multiple tasks simultaneously.
Compensation Details
The salary range for this role is $120,000-$160,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
Neuberger Berman is an equal opportunity/affirmative action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact onlineaccommodations@nb.com .
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Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $439 billion in client assets (as of September 30, 2023) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 700-plus investment professionals and more than 2,700 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by Pensions & Investments as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.
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