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Tax, Director
Blackstone
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Job Description:
GSO - Tax, Director/VP
Employer:
Blackstone
Firm Overview:
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $450 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Business Unit:
GSO
Business Unit Overview:
GSO Capital Partners LP is the global credit investment platform of Blackstone. With approximately $140 billion of assets under management, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special-situation strategies. Its funds are major providers of credit for small and middle-market companies and they also advance rescue financing to help distressed companies.
We are currently seeking a Director/Vice President –Tax who will report to the Managing Director of Tax. This position assumes ownership of a wide range of functions covering domestic tax compliance and research primarily related to Regulated Investment Companies with specific emphasis on the following:
• Prepare and/or review book to tax reconciliations for various Regulated Investment Companies (“RICs”)
• Review quarterly asset diversification and qualifying income calculations
• Review tax data and assist in provision of reports and work papers to tax preparerin support of the federal and state tax returns.
• Analyze financial statements to determine proper disclosure per Section 851
• Review quarterly and annual shareholder reporting information relating to Form 1099-DIV including character breakout between qualified interest income, capital gain, etc.
• Review book-tax reconciliation schedules
• Research tax treatment of complex financial instruments and transactions as well as corporate actions
• Review annual minimum distribution calculations (income and capital gain) for both federal and excise tax purposes prior to their declaration
• Assist with responding to tax authority notices and requests
• Involvement in various special projects.
Requirements / Qualifications:
We are looking for a self-motivated, diligent and hard-working team player who can work independently with Financial Accounting, Fund Administrators and Operations teams. Organizational skills are required to document all work and generate & maintain proper tax files. The ideal candidate:
• Must have hedge Regulated Investment Company experience (8+ years tax experience from big 4 or relevant industry).
• Should ideally have experience working with BDCs
• Must be proficient with the asset diversification and qualifying income rules of Section 851
• Must have understanding of all the reporting obligations associated with operating a RIC
• Should be familiar with the tax implications for taxable, tax-exempt and non-US investors with respect to investing in a RIC
• Understanding of draw down fund structures (including an understanding of waterfall calculations for purposes of determining GP carry) a plus
• Responsible for producing timely and accurate records, while maintaining meticulous work paper documentation. Attention to detail is critical.
• Must be self-motivated and have the ability to perform under tight deadlines with minimal supervision.
• Should be familiar with tax concepts associated with investing in debt instruments.
• CPA preferred.
• Very strong communication and interpersonal skills; ability to build rapport with internal and external counterparties.
• Strong Excel skills.
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000.
The Blackstone Group and its affiliates (“Blackstone”) provide equal employment opportunity to all qualified employees and applicants for employment regardless of race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other classification prohibited by applicable law.