Senior Tax Accountant at DV Trading

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Proprietary Trading, Hedge FundsIndustries

Requirements

Bachelor’s degree in Accounting, Finance, or related field
5+ years of relevant tax experience, ideally within a public accounting firm, hedge fund, or financial services environment
Strong working knowledge of IRC Section 1256 and mixed straddle regulations
Strong working knowledge of Section 475(f) mark-to-market elections
Strong working knowledge of partnership and hedge fund taxation
Strong working knowledge of K-1 preparation and review
Advanced Excel and data analysis skills; familiarity with financial instruments and trade data preferred
Excellent analytical, communication, and problem-solving abilities
Strong problem solver with the ability to navigate ambiguity and leverage resources
Desire to take ownership of projects and ideas, while being able to identify gaps and other areas of improvement
Ability to adapt to a dynamic and ever-changing environment – high growth mode and move quickly to achieve business goals
Ability to work 4X a week in our Chicago office

Responsibilities

Calculate and report Section 1256 gains and losses, including mixed straddle adjustments and mark-to-market entries under Section 475(f)
Manage and reconcile tax treatment of short-term and long-term capital gains across multiple trading strategies and instruments
Prepare and review Schedule K-1s for complex partnership structures, ensuring accurate allocations of income, deductions, and partner capital
Perform detailed analysis of investment portfolios for tax characterization and compliance with IRS regulations
Monitor tax law changes related to financial instruments and trading activity; provide guidance on implications for clients or firm entities
Assist in tax planning, compliance, and strategy implementation for entities making Section 475(f) elections
Review and document tax positions, supporting workpapers, and research memos

Skills

Key technologies and capabilities for this role

Partnership TaxationSection 1256Section 475(f)Schedule K-1Mixed Straddle AdjustmentsMark-to-MarketCapital Gains ReconciliationTax ComplianceTax PlanningFinancial Instruments TaxationIRS RegulationsTax Research

Questions & Answers

Common questions about this position

What benefits are offered for this Senior Tax Accountant position?

Benefits include discretionary bonus eligibility, medical, dental, and vision insurance, as well as HSA, FSA, and Dependent Care options.

Is this role remote or does it require office work?

The position requires the ability to work 4 days a week in the Chicago office.

What key skills and experience are required for this role?

Candidates need 5+ years of relevant tax experience, strong knowledge of IRC Section 1256, mixed straddle regulations, Section 475(f) elections, partnership and hedge fund taxation, K-1 preparation, plus advanced Excel skills and analytical abilities.

What is the company culture like at DV Trading?

The company is in high growth mode, moves quickly to achieve business goals, values adaptability to a dynamic environment, ownership of projects, problem-solving in ambiguity, and identifying areas of improvement.

What makes a strong candidate for this Senior Tax Accountant role?

A strong candidate has a Bachelor’s degree in Accounting or related field, 5+ years of tax experience in financial services or hedge funds, expertise in partnership taxation and financial instruments, plus strong analytical skills and adaptability to a fast-paced environment.

DV Trading

Proprietary trading and liquidity provision firm

About DV Trading

DV Trading is a proprietary trading firm that engages in trading financial instruments on derivatives and securities exchanges worldwide. The firm uses its own capital and advanced technology to provide liquidity in the markets, employing both quantitative and discretionary trading strategies. Unlike its competitors, DV Trading fosters a collaborative culture with a flat organizational structure, allowing for quick adaptation to market changes. The company's goal is to optimize trading performance and achieve significant returns by leveraging its market relationships.

Chicago, IllinoisHeadquarters

2006Year Founded

VENTURE_UNKNOWNCompany Stage

Energy, Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Company Match

Paid Parental Leave

Wellness Program

Risks

Increased competition from AI-driven algorithmic trading firms threatens market share.

DeFi platforms attract liquidity away from traditional firms like DV Trading.

Regulatory scrutiny may increase operational costs for proprietary trading firms.

Differentiation

DV Trading leverages both quantitative and discretionary strategies for market liquidity.

The firm has a strong presence in derivatives and securities exchanges globally.

DV Trading emphasizes a flat organizational structure for quick market adaptation.

Upsides

Algorithmic trading in energy markets offers new opportunities for DV Trading.

DeFi platforms provide avenues for innovative liquidity models and strategy diversification.

Machine learning advancements enhance DV Trading's decision-making and trade execution.

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