Investment Tax Director

Overview

About PRINCO Princeton University Investment Company (PRINCO) is widely recognized as an innovative leader in the investment management industry. We manage Princeton University’s $34 billion Endowment through a global network of investment firms that span both traditional and alternative asset classes such as public equities, private equity and venture capital, hedge funds, and real estate. We seek to achieve outstanding long-term investment returns in support of the University’s financial aid, teaching, and research mission.PRINCO Staff consists of approximately 50 individuals who conduct activities across investment, operations, technology, and administrative functions. PRINCO is functionally distinct from other University departments, but members of PRINCO Staff are University employees. PRINCO’s office is located one block from campus, in downtown Princeton.

Position Overview PRINCO is seeking to hire an Investment Tax Director. The Tax Director will manage PRINCO’s regulatory risk and plan filings for various domestic and international jurisdictions and serve as a key thought leader in guiding tax and investment structuring decisions, coordinating with PRINCO’s Investment and Operations teams. The candidate will be responsible for collaborating with Princeton University’s Office of Finance and Treasury’s (OFT) in the preparation of tax returns and with OFT, the Office of the General Counsel (OGC) and other legal counsel in determining the tax treatment for various forms of legal entities, including corporations, limited partnerships, blockers, and AIVs. This position will report to the Managing Director of Operations, Administration, and Technology and will require independent judgement and decision-making. To effectively serve in this role, the ideal candidate will be familiar with alternative investment and derivative strategies and related tax issues, GAAP, and other fair value financial reporting principles. The ideal candidate will have experience in the oversight and management of external tax preparers and consultants and in the preparation of a wide variety of tax returns. The individual will have strong communication skills and be able to effectively describe to individuals with differing expertise the regulatory, financial, and tax impacts certain structuring issues can produce. The candidate will have experience in working with cross-departmental teams to devise new solutions and will be expected to leverage investment knowledge to ensure that new investments are optimally structured and to successfully navigate US and non-US tax jurisdictions.

Responsibilities

Responsibilities

• Act as internal subject matter expert on asset management tax and accounting requirements and approaches.
• Work with OFT’s tax team to provide timely, accurate, and complete information for preparation of tax returns, and proactively identify new / extraordinary investment activity and potential tax issues throughout the year.
• Review tax returns prepared by outside consultants to ensure accuracy related to investment activities.
• Have a thorough understanding of business processes and their risk implications; be able to analyze complex situations, reach appropriate conclusions, and make value-added and practical recommendations.
• Maintain analyses to provide ongoing estimates of current investment income excise taxes and longer-term tax projections.
• Liaise with OFT’s team on tax matters related to investment accounting.
• Be responsible for tax regulatory reporting changes and compliance regarding US and non-US requirements, as appropriate.
• Determine tax treatment and relative impact for offshore corporate blocker structures, cash repatriation and subchapter F income.
• Build and maintain relationships with existing external investment managers, communicating proactively on tax issues when they arise.
• Serve as a member of PRINCO Diligence teams and collaborate with legal counsel, helping to structure and enable new investments.
• Develop financial models to evaluate alternative tax entity structures.
• Engage with legal counsel and / or tax advisors on regulatory issues when appropriate.
• Identify and leverage digital solutions to streamline tax operations.

Qualifications

Qualifications and Skills

Princeton University is an Equal Opportunity and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law.

The University considers factors such as (but not limited to) scope and responsibilities of the position, candidate's qualifications, work experience, education / training, key skills, market, collective bargaining agreements as applicable, and organizational considerations when extending an offer. The posted salary range represents the University's good faith and reasonable estimate for a full-time position; salaries for part-time positions are pro-rated accordingly.

If the salary range on the posted position shows an hourly rate, this is the baseline; the actual hourly rate may be higher, depending on the position and factors listed above.

The University also offers a comprehensive benefit program to eligible employees. Please see this link for more information.

Standard Weekly Hours36.25Eligible for OvertimeNoBenefits EligibleYesProbationary Period180 daysEssential Services Personnel (see policy for detail)NoPhysical Capacity Exam RequiredNoValid Driver’s License RequiredNo#LI-JE1Salary Range$250,000 to $340,000