Tax Specialist at Bracebridge Capital

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment Funds, Fixed IncomeIndustries

Requirements

BA degree in accounting or CPA, MST or working towards a CPA or MST preferred
A minimum of 3-5 years financial services experience with exposure to the taxation of financial products and hedge/mutual funds or investment companies
Knowledge of fixed income securities, derivatives and complex financial instruments
Proficient with software, including advanced MS Excel
Knowledge of Total Return accounting system (an SS&C Globe-Op platform), Brightline, K1x, Alteryx, and/or Workday are a plus
Strong analytical and organizational skills
Excellent communication and interpersonal skills in order to work with a diverse group of internal and external resources, in a challenging, fast-paced setting

Responsibilities

Computations of partnership taxable income, partnership book and tax allocations, tax estimates, Schedule K-1s and tax returns
Forms 926, 8621, 8858, 8865, 8886, 5471, and W-8 as well as any other required tax filings
ASC 740 Uncertain Tax Position
Monthly NRA Withholding
The month-end close process and production of reconciliations related to balance sheet and income statement accounts
Analyze and identify book-to-tax differences including wash sales, PFICs, bond bifurcation, and accretion/amortization of discount/premium
Document tax and accounting policies
Assess and evaluate reporting processes and systems to ensure they are efficient and effective. Work with internal technical resources to enhance existing processes and develop new systems as required
Additional responsibilities may include researching and implementing operational improvements, ad hoc analysis and special projects

Skills

Key technologies and capabilities for this role

Partnership TaxSchedule K-1Form 926Form 8621Form 8858Form 8865Form 8886Form 5471Form W-8ASC 740NRA WithholdingPFICWash SalesBook-to-Tax DifferencesTax Allocations

Questions & Answers

Common questions about this position

What is the salary range for the Tax Specialist position?

The current anticipated annual base salary range is $90,000 - $110,000, determined by factors including the individual's experience and skills.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualifications and skills are required for the Tax Specialist role?

Candidates need a BA in accounting or CPA/MST (preferred), 3-5 years in financial services with taxation of financial products and hedge funds, knowledge of fixed income securities and derivatives, proficiency with software like MS Excel, and strong analytical, organizational, communication, and interpersonal skills.

What is the company culture like at Bracebridge Capital?

Bracebridge has an entrepreneurial and collaborative culture that rewards motivated, dedicated, enthusiastic, and intellectually curious individuals, believing their greatest asset is the people who work there.

What makes a strong candidate for the Tax Specialist position?

Strong candidates will have 3-5 years of financial services experience in hedge fund taxation, knowledge of fixed income and derivatives, CPA/MST credentials or pursuit thereof, and proficiency in tax software and advanced MS Excel, along with excellent analytical and communication skills.

Bracebridge Capital

Hedge fund managing global fixed income investments

About Bracebridge Capital

Bracebridge Capital manages over $12 billion in assets, focusing on investment strategies in global fixed income markets. The firm aims for capital preservation and absolute returns while minimizing correlation with equity, interest rate, and foreign exchange markets. Established in 1994, it serves a range of clients including endowments, foundations, pension funds, and high-net-worth individuals. With around 140 employees in Boston, Bracebridge fosters a collaborative culture that values motivated and intellectually curious individuals, emphasizing that its people are its greatest asset.

Boston, MassachusettsHeadquarters

1994Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

51-200Employees

Risks

High volatility in Bitcoin ETFs poses a risk to Bracebridge's investments.

Reputational risk from Bitcoin ETFs due to regulatory scrutiny and public perception.

Market risk from Clean Earth Acquisitions investment due to acquisition company volatility.

Differentiation

Bracebridge Capital focuses on non-correlated investment strategies for capital preservation.

The firm has a strong presence in global fixed income markets since 1994.

Bracebridge's entrepreneurial culture attracts motivated and intellectually curious individuals.

Upsides

Rising interest in ESG investing aligns with Bracebridge's Clean Earth Acquisitions stake.

Significant investments in Bitcoin ETFs tap into the growing digital asset market.

Institutional investors' demand for diversification benefits Bracebridge's non-correlated strategies.

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