Tax Manager – Partnerships – Chicago, IL

Job Type: FULL_TIME
Job Category: Federal Tax Services
Location: Chicago, IL
Posted Date: 2024-11-03
Company: RSM US LLP

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.

Our Private Equity Portfolio Company practice serves both partnership and corporate companies, the majority of which are owned by Private Equity Funds.  This particular role offers the opportunity to join the Pass Through, a high-performing, high-growth team that advises clients on their tax strategy and compliance obligations using both industry and technical expertise with our cross-functional teams, especially our Financial Services team.  Our professionals help to guide their clients through M&A transactions and capital account analysis, all while delivering digitally-enabled services in conjunction with our world-class tax technology offerings.

RSM is looking for a dynamic Tax Manager to join our growing tax team. In your important role as Tax Manager for RSM, you will use your expertise in taxation to provide compliance and consulting services to operating entities structured as partnerships/LLCS. Candidates must be familiar with the tax consulting process and possess the analytical skills necessary for the effective diagnosis, development, and implementation of solutions to clients’ tax needs. With RSM, you’ll have the opportunity to develop and pursue creative approaches to resolve client issues. This role has a strong focus on dealing with partnership transactions, allocations, and complex partnership taxation.

Responsibilities:

  • Advise clients on a full range of partnership tax services, including planning, research, compliance, allocations, and general transactional activities.
  • Assist with new business development, extended service, and tax issue recognition for existing clients.
  • Develop, motivate, and train staff level team members.
  • Manage partnership client needs with respect to tax services and federal and state tax compliance.
  • Develop and sustain strong client relationships.
  • Keep up to date on current tax practices and changes in tax law.
  • Provide industry knowledge and expertise.
  • Work in harmony with the U.S. team and continue to develop the teams both in US and USI
  • May have people leadership responsibilities
  • Provide detailed review and analysis of complex tax returns.
  • Work on multiple complex issues while communicating in a non-technical manner to facilitate communication between the client and the service team while managing the risk for both the client and the firm.
  • Serve as the Tax client service coordinator for appropriate clients.
  • Advise clients on a full spectrum of tax services, including planning, research, compliance, and general mergers and acquisitions activities.
  • Assist with new business development, extended service, and tax issue recognition for existing clients.
  • Manage corporate client needs with respect to tax services and federal and state tax compliance.

Basic Qualifications: 

  • Bachelor’s & Master’s Degree in Commerce or Accounts (B-Com/BBA & M-Com/MBA)
  • Enrolled Agent in mandatory
  • Must have at least 7+ years of corporate federal tax compliance and tax consulting experience pertaining to planning, research and general mergers and acquisitions activities
  • Experience in public accounting with at least 5+ of those years focusing on partnership taxation
  • Experience with one or more of the following: S-Corps or Partnerships/LLCs
  • Effective verbal and written communication skills
  • Strong Microsoft Excel and Word skills required

Preferred Qualifications: 

  • A proven record of building profitable, sustainable client relationships, simultaneously managing multiple projects and engagement teams for various clients
  • Project management and critical thinking skills
  • Outstanding organizational and time management skills; ability to prioritize multiple assignments
  • Working knowledge of tax code and technical aspects of tax preparation and compliance
  • Strong technical skills in accounting and tax preparation and industry specialization
  • Ability to handle multiple tasks simultaneously
  • Experience in dealing with international tax matters would be a plus
  • Experience with tax research tools (Bloomberg BNA, RIA Checkpoint, etc.) and tax preparation technology (CCH Axcess preferred)
  • Experience with partnership taxation
  • Experience/familiarity with capital account analysis
  • Experience/familiarity with 704 ©, 754 matters and M&A implications related to PPA
  • International tax matters K-2/K-3 reporting

At RSM, we offer a competitive benefits and compensation package for all our people. We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients. Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

As an Affirmative Action and Equal Opportunity Employer all applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender (including gender identity and/or gender expression); sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law. 

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership. RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records in accordance with the requirements of applicable law, including but not limited to, the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the San Francisco Fair Chance Ordinance. For additional information regarding RSM’s background check process, including information about job duties that necessitate the use of one or more types of background checks, click here.

At RSM, an employee’s pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $92,600 – $174,900

Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

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