Senior Tax Associate at Sydecar

Seattle, Washington, United States

Sydecar Logo
$115,000 – $135,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Venture Capital, Private Markets, FinTechIndustries

Requirements

  • 4+ years of experience in a public accounting firm
  • Experience with Thomson Reuters tax software
  • Experience with PE/VC clients
  • Experience preparing 1065s and Schedules K-1 / K-2 / K-3 and special allocations
  • An understanding of how to draft K-1 Footnotes to comply with best practices, as well as interpret Footnotes on K-1s received
  • Ability to draft timely and relevant tax memos and articles and contribute to our knowledge base
  • Concise and effective communication regarding complex tax topics in a manner that can be understood by customers and staff
  • Bachelor’s degree or higher in accounting or a related field
  • Bonus: Experience wo (incomplete in description)

Responsibilities

  • Utilize technology automation to connect product data to tax software to prepare partnership tax returns and Schedules K-1, K-2, and K-3 for over 2,500 SPVs and Funds on or before March 31 of the year
  • Independently research complex tax questions and interpret tax laws and regulations
  • Assess and manage tax vendor software system
  • Respond to customer requests for information or clarification regarding their annual tax documents as well as any investments contemplated to be run on our platform
  • Respond to in-house inquiries regarding tax implications of investing in certain assets
  • Along with the Sr Manager of Tax, Advise cross functional teams leaders on tax planning opportunities and compliance issues
  • Liaise with the Product team on features that connect investment events to tax software
  • Ensure that all events that occur in our ledger are properly mapped to tax events
  • Stay up-to-date with changes in tax laws and regulations
  • Respond to tax notices and audits

Skills

Tax Compliance
Tax Preparation
Tax Strategy
Federal Tax Laws
State Tax Laws
Local Tax Laws
Tax Automation
Fund Taxation
Investment Taxation

Sydecar

Deal execution platform for venture investors

About Sydecar

Sydecar offers a deal execution platform that simplifies back-office operations for venture investors by automating tasks like banking, compliance, contracts, and reporting. This platform is particularly beneficial for emerging venture investors, such as first-time fund managers and syndicates, who often find the initial stages of venture capital challenging. Unlike competitors, Sydecar combines user-friendly software with expert support, allowing clients to maintain control over their investor networks. The company's goal is to empower these investors by providing the necessary tools and support to navigate the complexities of venture capital.

Walnut, CaliforniaHeadquarters
2021Year Founded
$23.9MTotal Funding
EARLY_VCCompany Stage
Venture Capital, Enterprise SoftwareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Parental Leave
Equity
Bonus Plan

Risks

Increased competition in venture capital technology could dilute Sydecar's market share.
Reliance on partnerships may expose Sydecar to risks if partners face difficulties.
Regulatory scrutiny on private market investments could increase compliance costs for Sydecar.

Differentiation

Sydecar automates complex back-office operations for venture investors, reducing administrative burdens.
The platform offers both technological tools and human support for emerging venture investors.
Sydecar's fee structure is transparent and capped, ensuring cost predictability for clients.

Upsides

Partnership with Monark Markets enhances embedded access to private company shares for brokerages.
Capital Extension Program offers emerging managers access to follow-on capital for portfolio companies.
Rising demand for digital fund administration platforms aligns with Sydecar's offerings.

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