Senior Accountant, Firm Tax Reporting & Planning
Company: Carlyle Investment Management, LLC
Posted on: June 25, 2022
The Tax Senior role is a position within the Firm Tax Department of
the Investor Services division of The Carlyle Group, which is
responsible for Carlyle's global tax matters and strategy. The Tax
Senior will work closely with other members of the Finance
organization, especially members of the Tax and Corporate
Accounting teams. The Tax Senior is responsible for senior level
support to the Firm Tax Reporting and Planning team, which oversees
the Firm's financial reporting for tax, tax planning and
forecasting, and tax analysis related to changes in the business,
new product offerings and Firm transactions.
The Tax Senior will be responsible for preparing the workflows
under his/her coverage which will include the completion of the tax
provision calculations for the Firm's SEC filings (i.e. 10-K and
10-Q) and related tax disclosures in the corporate structure. This
involves the preparation of the provision work papers, consolidated
provision work papers, management reports, and tax memorandums and
other documentation. The focus of this role will be on US federal
and state tax matters related to the Firm's US management company
entities, US based acquisition entities, and various other
consolidated workflows. The Tax Senior will also work with the
members of the Finance organization or external service providers
on tax forecasting models, tax planning, and tax analysis for Firm
transactions, changes in the business or new service offerings.
Financial Reporting for Taxes: Prepare quarterly and annual tax
provision calculations of various entities with a focus on US
federal and state tax under ASC 740.
Prepare supporting work papers such as restricted stock unit
calculations, book tax differences for Management company entities,
state tax apportionment and tracking of modifications/attributes,
valuation allowance analysis and assessment, investment basis
rollforwards, and other components of the tax provision
Prepare tax memorandums documenting tax research, analysis, and
positions taken by the Firm in the financial statements and/or tax
Prepare the return to provision adjustments including the estimate
vs. error analysis.
Validate and document the support of the Firm's deferred tax
inventory and income tax payable accounts.
Monitor and document new and existing uncertain tax positions and
coordinate with external service advisors to evaluate the Firm's
uncertain tax positions.
Maintain & document SOX 404 processes for the tax department.
Team with the Tax Manager to apply the impact of changes in both
GAAP standards, especially ASC 740 and FASB guidance impacting tax
reporting, and tax legislative changes to the tax provision
workpapers and other documentation.
Coordinate with internal and external auditors on gathering
support, responding to inquiries, etc.
Other responsibilities as needed to support the accuracy and/or
efficiency of financial reporting for taxes.
Forecasting, Tax Planning and Tax Analyses Prepare and maintain tax
forecasting models on cash tax and other GAAP/non-GAAP metrics,
with focus on US federal and state tax implications.
Prepare workpapers and document the matters relevant to US federal
and state tax for the domestic management company and acquisition
Attend and document tax follow-up items/analysis from monthly Firm
significant transaction meetings with Corporate Accounting and
drive the completion of any tax follow-up items/analysis.
Coordinate with external service providers (as needed) on tax
analysis and documentation of Firm transactions or tax positions
related to US federal and state tax positions.
Process Improvement, Team Development and Other Responsibilities
Coordinate with various consultant(s) that are assigned to the Firm
Tax Reporting and Planning team.
Identify, make recommendations and lead efforts to drive process
efficiencies and enhancements in various provision and planning
workflows, including optimizing tax sensitization of GL accounts to
facilitate automation, end to end data needs for tax workflows with
particular focus on financial reporting for taxes quarterly and
return to provision and how processes leverage ITR and link with
estimate and compliance processes.
Maintain tax accounts on a monthly basis and perform account
sign-offs in OneStream.
Provide PBC or tax deliverables to Tax Compliance team for
calculation of quarterly tax estimates, tax extensions, and the tax
Coordinate with Tax Compliance team during review of tax returns
and calculation of return to provision adjustments.
Coordinate with other internal stakeholders (Tax Operations, or
Controller teams, Corporate Accounting, FP&A, etc.) to provide
tax related information.
Other projects as applicable.
Education & Certificates
Bachelor's degree, required
Accounting, Finance or Economics Major, or equivalent relevant work
experience in addition to Bachelor's Degree in another field,
Master's degree, preferred
Minimum 3 years public accounting or private accounting experience,
ASC 740 experience strongly preferred
C corporation tax, partnership tax, and/or federal/state tax
compliance experience preferred
Private equity experience preferred
Proficient Microsoft Office skills
Competencies & Attributes
Strong interpersonal skills
Strong organizational skills
Seeks to proactively drive change by making process and other
recommendations to enhance processes and deliverables
Organized and efficient approach to record-keeping
Excellent communication skills - both written and oral. Must be
able to ask questions and gather data from a variety of resources
and other staff members within the firm
Demonstrated ability to work effectively as part of a team
Dedicated to developing less experienced team members
Ability to multi-task in a fast-paced environment
Embraces technology and seeks to improve processes
Solid technology and financial system skills a plus (training
available for specific Carlyle systems)
The Carlyle Group (NASDAQ: CG) is a global investment firm with
$301 billion of assets under management and more than half of the
AUM managed by women, across 456 investment vehicles as of December
31, 2021. Founded in 1987 in Washington, DC, Carlyle has grown into
one of the world's largest and most successful investment firms,
with more than 1,800 professionals operating in 26 offices in North
America, South America, Europe, the Middle East, Asia and
Australia. Carlyle places an emphasis on development, retention and
inclusion as supported by our internal processes and seven Employee
Resource Groups (ERGs). Carlyle's purpose is to invest wisely and
create value on behalf of its investors, which range from public
and private pension funds to wealthy individuals and families to
sovereign wealth funds, unions and corporations. Carlyle invests
across three segments - Global Private Equity, Global Credit and
Investment Solutions - and has expertise in various industries,
including: aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial, real
estate, technology & business services, telecommunications & media
Keywords: Carlyle Investment Management, LLC, Washington DC , Senior Accountant, Firm Tax Reporting & Planning, Advertising , Washington, DC
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