Senior Tax Manager

Opportunity: Senior Tax Manager

‍Venrock is a top-tier U.S. venture capital firm with a prestigious 50+ year history of backing innovative, industry-changing companies. With offices in Palo Alto and New York, and with over $6.2 billion in committed capital, including multiple new funds recently raised, Venrock is a fast-paced, growing firm focusing on investments in technology, healthcare, and healthcare IT. We offer a competitive benefits and compensation package, along with opportunities for career progression alongside other like-minded high-performance professionals. Venrock highly values the synergy of face-to-face collaboration and the culture and community that in-person teamwork brings. Presently, Venrock is in-office at least three designated days per week (Monday, Tuesday, and Thursday) and expects this to increase over the coming year.

This full-time position will be based in Palo Alto, CA, and will work directly with the VP of Finance and senior members of the Finance team. The ideal candidate for this position is a proven high performer, consummate team player, and seeks a collaborative work environment where they will have an opportunity to develop and contribute as an integral and valued member of the Venrock team. The ideal candidate must possess an exemplary work ethic, along with strong organization and communication skills, be a motivated professional with a flexible and positive “can-do” attitude, an innate desire to learn, and a willingness to take ownership of projects. This newly created role affords a significant opportunity to work closely with the owners and senior operations personnel and to contribute meaningfully to Venrock’s overall tax strategy, from our Investment Funds to our Management Company entities.

Tax Compliance for Investment Funds & General Partner Entities:

• Assist the VP of Finance with managing all aspects of the tax compliance lifecycle, which includes the following:
• Assist in the preparation and review of year-end tax workpapers.
• Review investor K-1 packages (including Schedule K-2/3) as prepared by external tax advisor.
• Assist in the preparation of quarterly tax estimates for the General Partner entities.
• Manage applicable annual foreign filings (PFIC and CFC testing and filings) with external tax advisor.
• Review federal and state tax returns.
• Assist with tax analyses for distributions and complex GP allocations.
• Assist with tax analysis related to underlying portfolio company acquisitions and restructuring events.
• Process applicable U.S. federal tax withholding payments (e.g., 1042, ECI, FDAP) and state Partnership & LLC tax payments.
• Collaborate with external tax advisors to ensure that 704(b) basis and tax capital accounts are properly maintained.
• Prepare Qualified Small Business Stock (QSBS) analysis on selected portfolio companies.
• Prepare ad hoc tax analysis regarding specific investments as requested.

Tax Compliance for Management Company Entities:

• Assist the Director of Finance – Management Company with all tax-related matters, including the following:
• Assist in the review of quarterly tax estimates as well as year-end tax workpapers and K-1 packages.
• Collaborate to develop tax strategies for Members of the Management Company such as:
• Pass-through entity tax analysis.
• Eligible QSBS gains flow-through.
• State apportionment calculations.
• Other tax strategy analyses, as requested.

Qualifications:

• Bachelor’s degree and Certified Public Accountant (CPA) license (or equivalent) required.
• Combination of 5 to 7 years of tax compliance experience in Big 4 and private funds, with a focus on asset management funds (venture capital and/or private equity). Experience with hedge fund or evergreen fund is a plus.
• Advocate of continual learning and improvement, driven self-starter.
• Flexible team player who thrives in a dynamic workplace with an established ability to meet deadlines.
• Exceptional attention to detail and strong analytical skills.
• Strong communication skills, experience working on high-performance teams.
• Excel “power-user”, exposure to Excel Macros a plus.

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