Jobs · Legal · New York

Tax Counsel - Asset Based Finance

Sixth Street · New York, NY · 1 mo ago
Legal$225k–$250k/yrFull-time
We need to output HTML fragment with sections: About the role? Actually the job description includes "The Role" section. We need to use

for section headings like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We must not repeat job title as heading. We need to include sections only when posting has real specific content. We have content: The Role (description). Could map to "About the role". Responsibilities: Core Responsibilities. Qualifications: Qualifications. Skills: maybe "What We Value" includes skills/attributes. Benefits: Benefits described. Pay: Compensation section includes salary range. Schedule: Not mentioned (full-time role based in New York). Could infer schedule? It says full-time role based in New York. That's schedule info (full-time). Should we include Schedule section? The posting says "This is a full-time role based in New York." That's schedule info. So we can include Schedule with that detail. We must not include boilerplate like EEO, etc. Remove duplicated lines. We need to preserve all substantive information. So we need to include details from each section. Let's extract: About the role: "This is a full-time role based in New York. As Tax Counsel – Asset Based Finance, you will be a part of the global Tax Team, leading the tax and structuring workstreams for Asset Based Finance (ABF) transactions and platform. The Tax Team is responsible for structuring investments to maintain capital efficiency, manage tax risk and comply with global tax reporting obligations. As a member of this team, you will be responsible for managing the day-to-day transactional tax matters related to ABF transactions working integrally with the ABF investment team, Core Platform, and external service providers, reporting to Sixth Street’s Director of Tax and Deputy Director of Tax." Responsibilities: list of bullet points from "Core Responsibilities". It's a long paragraph with many items separated by semicolons. We need to convert to
  • . We'll split by semicolons? The text: "Assist with negotiating and overseeing tax aspects of ABF investments, which may include credit facilities; broadly syndicated debt offerings and private placements; complex platform equity investments; residential and commercial mortgage-backed investments; whole-loan sales; asset pools and forward flow arrangements; securitizations for various asset classes including consumer, specialty and commercial lending; joint ventures; and various other types of asset-based finance transactionsAdvise on tax and structure considerations applicable to asset-based finance transactions, including the characterization of debt instruments, loan origination considerations, ECI considerations relating to committed and uncommitted forward flows, dealer considerations, REIT and REMIC qualifications and grantor trust/partnership classification of securitization vehiclesDevelop and document processes and procedures related to Sixth Street’s preferred practices and tax positions; leverage technology tools and AI to systematize processes and guidelinesAssistance with tax considerations related to managing existing ABF investments, including exiting investments, loan modifications, refinancings, restructurings and workoutsReview and advise on tax considerations in transaction documentation for ABF investments, including credit agreements, indentures, joint venture and partnership agreements and purchase and forward flow agreementsWork with external advisors on tax due diligence and help teams assess tax risksDrive deal execution, including coordination with the ABF investment team and Sixth Street Core on ABF structure implementation, entity formation, and transaction documentation and work through operational and accounting nuances of transactionsUnderstand implications of ABF transactions on Sixth Street’s fund and investor covenants and obligationsWork closely with Sixth Street’s Tax Reporting team to ensure tax reporting is considered and reporting reflects intended tax and structure for all ABF investmentsManage outside counsel relationships and partner with outside counsel in connection with the foregoing; be a steward of investor capitalMonitor changes to tax reporting laws, rules and regulations applicable to existing and future Sixth Street funds and help assess the potential impact on Sixth Street’s ABF transactionsTranslate complicated tax concepts into commercial language and actionable items to the ABF investment teamWork closely with stakeholders across the ABF business and Sixth Street including investment professionals, the Core team, including members of the Legal team, in connection with the foregoing." We need to split into separate responsibilities. Could break at each sentence start with a verb. Let's manually list: - Assist with negotiating and overseeing tax aspects of ABF investments, which may include credit facilities; broadly syndicated debt offerings and private placements; complex platform equity investments; residential and commercial mortgage-backed investments; whole-loan sales; asset pools and forward flow arrangements; securitizations for various asset classes including consumer, specialty and commercial lending; joint ventures; and various other types of asset-based finance transactions - Advise on tax and structure considerations applicable to asset-based finance transactions, including the characterization of debt instruments, loan origination considerations, ECI considerations relating to committed and uncommitted forward flows, dealer considerations, REIT and REMIC qualifications and grantor trust/partnership classification of securitization vehicles - Develop and document processes and procedures related to Sixth Street’s preferred practices and tax positions; leverage technology tools and AI to systematize processes and guidelines - Assistance with tax considerations related to managing existing ABF investments, including exiting investments, loan modifications, refinancings, restructurings and workouts - Review and advise on tax considerations in transaction documentation for ABF investments, including credit agreements, indentures, joint venture and partnership agreements and purchase and forward flow agreements - Work with external advisors on tax due diligence and help teams assess tax risks - Drive deal execution, including coordination with the ABF investment team and Sixth Street Core on ABF structure implementation, entity formation, and transaction documentation and work through operational and accounting nuances of transactions - Understand implications of ABF transactions on Sixth Street’s fund and investor covenants and obligations - Work closely with Sixth Street’s Tax Reporting team to ensure tax reporting is considered and reporting reflects intended tax and structure for all ABF investments - Manage outside counsel relationships and partner with outside counsel in connection with the foregoing; be a steward of investor capital - Monitor changes to tax reporting laws, rules and regulations applicable to existing and future Sixth Street funds and help assess the potential impact on Sixth Street’s ABF transactions - Translate complicated tax concepts into commercial language and actionable items to the ABF investment team - Work closely with stakeholders across the ABF business and Sixth Street including investment professionals, the Core team, including members of the Legal team, in connection with the foregoing. That seems comprehensive. Qualifications: The paragraph: "Candidates should possess specific focus or understanding of tax rules for ABF, structured finance and securitizations with a minimum of 6 years tax experience at a reputable law firm or a nationally recognized accounting firm. (In-house candidates from comparable roles will also be considered)Candidates should have broad familiarity with complex financial transactions and tax structures for financings, securitizations, joint ventures and other complex financial transactionsExperience working across asset classes including residential mortgages, consumer (e.g., credit cards, student loans, auto loans, etc.) commercial, real estate, and others.An in-depth understanding of the ECI rules (e.g., loan origination and dealer considerations) relating to complex financial transactionsCandidates should possess strong tax technical abilities and demonstrate thoughtful judgment in interpreting tax concepts to real-world matters and practical implicationsIdeal candidates will possess experience with alternative investment funds and nuances of broad investor considerationsAbility to multi-task and maintain composure in a high-volume environmentAbility to communicate complex tax concepts into commercial terms for teamsAbility to think strategically about process and procedure implementation as part of a dynamic business" We need to split into bullet list. Let's list: - Specific focus or understanding of tax rules for ABF, structured finance and securitizations; minimum of 6 years tax experience at a reputable law firm or a nationally recognized accounting firm (in-house candidates from comparable roles also considered) - Broad familiarity with complex financial transactions and tax structures for financings, securitizations, joint ventures and other complex financial transactions - Experience working across asset classes including residential mortgages, consumer (e.g., credit cards, student loans, auto loans, etc.), commercial, real estate, and others - In-depth understanding of the ECI rules (e.g., loan origination and dealer considerations) relating to complex financial transactions - Strong tax technical abilities and demonstrate thoughtful judgment in interpreting tax concepts to real-world matters and practical implications - Experience with alternative investment funds and nuances of broad investor considerations (ideal) - Ability to multi-task and maintain composure in a high-volume environment - Ability to communicate complex tax concepts into commercial terms for teams - Ability to think strategically about process and procedure implementation as part of a dynamic business Skills: The "What We Value" section lists many attributes. Could treat as Skills. We'll list bullet points. What We Value list: - Highly motivated, entrepreneurial, and team-oriented candidates with strong problem-solving skills - Commercial and results orientation - Team orientation and influencing skills - High Trust and Integrity - Strategic / Entrepreneurial Mindset - Strong combination of organizational and interpersonal/communication skills - Self-motivated who can work autonomously on tasks while communicating as part of a broader team - Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail and follow-through - Strong verbal and written communication abilities - Structured problem solver able to synthesize sophisticated information from a variety of sources, including risk assessment, into implementable recommendations and solutions - Ability to collaborate effectively across multiple teams and locations - Strong prioritization and project management skills - Comfort working in a high growth, iterative environment We could also include Certification: "The candidate should be a licensed attorney." Could be under Qualifications or separate Certification section. The instruction says use headings like Qualifications, Skills, Benefits, Pay, Schedule. Certification not listed as allowed heading, but we could incorporate into Qualifications or maybe as a separate section? The allowed headings list does not include Certification, but we could put it under Qualifications as a bullet. Probably better to include under Qualifications. Pay: Compensation section: "The base salary for this position is expected to be between $225,000 and $250,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package." We must not include filler like "commensurate with experience" as heading content? Actually we can include that sentence as prose; it's not filler. It's substantive. So we include. Benefits: "Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval." Schedule: "This is a full-time role based in New York." Could be schedule. We also have About Sixth Street description; could be under "About the company" but not in allowed headings. Could we include as a section? Not in list. Probably we should omit because not allowed heading. However the instruction: "Use

    for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule)." It says e.g., implying those are examples but we could also use other headings? It says use

    for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule). Likely they expect only those headings. So we should not add About Sixth Street as a heading. But we could incorporate that info into About the role? Might be redundant. However we must preserve ALL substantive information. If we omit About Sixth Street, we lose info. But maybe we can include it as a paragraph under About the role? The About the role heading is for role description, not company. But we could add a separate section "About Sixth Street" using

    though not in list; risk of being considered not allowed. The instruction says "Use

    for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits,

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