Interested in taking your tax and business experience to a whole new level? Want to work with some of the leading hedge and private equity firms, insurance companies, and banks in the world? Want to be on a team with some of the most diverse backgrounds in the industry – financial analysts, developers, business analysts, attorneys and accountants? This is the place for you!
Work You’ll Do
As a Tax Senior Consultant in this group, you will be responsible for asset-level diligence and analysis on debt investments, preparation and/or review of debt taxable income calculations, preparation and/or review of debt taxable income reports, communicating with clients, their servicers and/or administrators and coordinating staff level client resources. Specific responsibilities include:
- Calculating taxable income on debt investments including OID, market discount, premium, gain / loss, tax basis, and other items using Deloitte’s proprietary TARDI software and tools.
- Leveraging proprietary software, third party data providers, and credit agreements to research asset level debt origination terms for corporate bond portfolios, mortgage-backed security portfolios, and mortgage loan pools.
- Working with monthly client provided trading data to review, transform, process, and reconcile tax specific transactional data within the TARDI software.
- Performing tax research to address tax technical issues that arise related to debt investment related transactions.
- Developing requirements for TARDI system enhancements and ongoing testing of TARDI system calculations, processes, and reporting.
- Supporting pursuit of new client opportunities through review of prospective client debt holdings, development of marketing decks, and analysis of industry public filings.
- Working within a team and supporting and mentoring junior staff.
The Team
National Federal Tax Services (NFTS) is a national practice within Deloitte Tax LLP made up of a number of tax service offerings. Each NFTS service offering has been developed and built as a result of a tax planning idea, a marketplace need, or a technological innovation – all with the purpose of delivering results for our clients. Our people are entrepreneurial in spirit and have always had the work-hard/play-hard mentality. NFTS service lines provide tax planning and compliance support for the largest organizations across all industries.
One of our fast-growing, unique service offerings is our Tax Analysis & Information Reporting for Debt Investments (TARDI) practice. Those pursuing investment opportunities in corporate/government debt, MBS, and ABS markets are consistently challenged to properly address the tax planning and compliance that can apply. This quickly becomes a task that is often heavily dependent upon effective data management and a knowledge of financial products and tax principles. Through a combination of tools developed by Deloitte's Securitization and Partnerships Solutions practices, we can assist with the complex tax and reporting needs of large portfolios of fixed income investments.
Qualifications
Required
- 3+ years of full-time work experience
- Bachelor’s degree in accounting, finance, MIS, or related field required
- At least 1 year of practical knowledge in fixed income financial products, income tax principles and/or project management
- Highly proficient in Excel
- CPA, Enrolled Agent, or other appropriate certification (either in process or able/willing to obtain)
- Limited immigration sponsorship may be available.
- Ability to travel 25%, on average, based on the work you do and the clients and industries/sectors you serve
Preferred
- Advanced degree such as MST, MAcc, or LLM
- Big 4 experience or equivalent
- Experience serving clients or directly working within the financial services industry.
- Experience with VBA, C#, SQL, Access, and/or Python
- Financial modeling skills
- Effective verbal and written communication skills
- Strong interpersonal skills with management and executive presence
- Problem solving capabilities