Tax Manager

Founded in 2008, Prime Finance is a fast-growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory, presenting an immediate opportunity to accelerate growth through expansion of existing and new credit strategies as well as investment in internal processes, systems, and resources.

About the role

Prime Finance is looking for a collaborative and motivated Tax Manager to join its San Francisco office. This individual should possess a tax background and a self-starter mentality, with a minimum of six years of experience in a tax role. Experience in the real estate and/or fund management industry is highly preferred. The position will work closely with the Senior Tax Manager and collaborate with the greater Tax, Fund Management & Accounting, Fund Legal & Compliance, Investor Relationships, and Capital Markets functions. The role involves cross-functional work and building relationships with team members from other departments, external advisors, and members of the management team.

Responsibilities

• Manage K-1 and tax return compliance, including gathering and analyzing sourced data, coordinating with external vendors, and reviewing tax workpapers, K-1s, returns, tax extension payments and filings, and other tax reporting requirements (e.g., FATCA, CRS, Form 1099s).
• Manage quarterly tax estimates process, including calculating projected income, quantifying tax distributions, reviewing investor notices, and overseeing estimated tax payments.
• Manage REIT compliance, including providing data to tax advisors, reviewing the income and asset tests, reviewing annual PSQs, and completing REIT consent dividend analysis.
• Lead responses to inquiries from investors, internal Prime Finance team members, third-party tax preparer(s), and vendors.
• Review, research, and respond to various tax notices or inquiries related to property tax, franchise tax, and/or other indirect taxes, as necessary.
• Coordinate with asset managers and/or property managers or sponsors on real estate owned (REO) or preferred equity items.
• Draft internal memos to document various tax issues and related policies and procedures.
• Assist the tax team in adopting and integrating new technologies, implementing updates to existing processes to increase efficiency and improve data management.
• Support the Senior Tax Manager on other technical topics including, but not limited to, Preferred Equity hypothetical liquidation analysis, Personal Holding Company risk mitigation, UBTI risk mitigation, CLO risk analysis, REIT capacity analysis, and Original Issue Discount.
• Monitor legislative changes in U.S. and foreign tax laws that may impact tax positions, filing requirements, or tax structures.
• Handle other ad hoc projects and tasks required by the tax team.

Requirements

• Bachelor’s degree in accounting or related field or commensurate work experience required.
• CPA/Master’s degree in Tax a plus.
• 6-8 years of related tax experience required, preferably in a real estate and/or alternative investment firm.
• Familiarity with real estate investment trust (REIT) requirements and reporting.
• Proficiency with MS Office Suite, with a particular focus on MS Excel required.
• Exceptional attention to detail to ensure accuracy and completeness.
• Ability to maintain strict confidentiality of investors (domestic and foreign), partners, and internal affairs.
• Able to work independently and manage multiple projects simultaneously.
• Excellent written and verbal communication skills.
• Flexible and able to respond quickly and positively to shifting demands and opportunities.
• Team-oriented and able to effectively collaborate with a wide range of internal and external teams and advisors including tax advisors, legal counsel, auditors, and fund administrators.
• Experience using Yardi, Geneva, Investran, or other accounting GL and Financial Reporting systems preferred.

Pay

The expected salary for this role is $127,500 - $194,000. Actual compensation will be determined by several components, including but not limited to: relevant experience, skills and qualifications, base salary of internal peers, and geographic location. In addition to base salary, this role may be eligible for a discretionary annual bonus and a variety of financial, wellbeing, and health/welfare benefits.