Senior Tax Accountant
Description

Reports to: Tax Senior Manager 

Location: Chicago, IL 


This role will be performed onsite in the Chicago office.


Adventurous Journeys Capital Partners (“AJCP”) is seeking a Senior Tax Accountant to join the firm’s tax  team and support its rapid growth across various investment platforms focused on the hospitality,  mixed-use, and single-family rental sectors.  


ABOUT AJCP  


AJCP is a vertically integrated real estate investment manager anchored by the core principles of hospitality, placemaking, and residentially inspired design. Founded in 2008, AJCP is headquartered in  Nashville, TN, with offices in Chicago, Miami, San Francisco, New York and New Orleans. With over $5.0 billion of fair market value in current real estate investments, AJCP’s deeply-rooted hospitality experience  has transpired to other mixed-use real estate including single-family housing, inspired office, retail, music  venue and multi-family developments. Today, AJCP has grown to oversee approximately 150 in-house  employees including investment, development, design, asset management, portfolio management and  accounting professionals, each with diverse competencies and real estate-related skill sets. AJCP believes  this vertical integration produces significant value-add efficiencies and increased investment  opportunities through an expanded industry network. For more information on AJCP, please visit www.ajcpt.com 


ABOUT THE ROLE  


The Senior Tax Accountant will report to the Tax Senior Manager to assist in driving all aspects of the tax  posture for AJCP’s investment vehicles it advises. The Senior Tax Accountant will assist in managing the tax compliance, reporting and planning for transactions throughout the life cycle of AJCP’s investment vehicles. This role will also work closely with AJCP’s accounting team and third-party tax preparers to  complete all ongoing tax-related requirements.  


WHAT YOU WILL DO  

  • Assist in managing third party tax preparers with the fund and property level federal tax returns,  state and local tax returns, extensions, and quarterly estimates over the course of each tax  compliance period. Review all tax filings by working with the Tax Senior Manager / Tax Vice  President / EVP of Accounting in understanding the book to tax income adjustments, reviewing allocations / tax forms / K-1s, and ensuring all tax returns are timely filed
  • Familiarize yourself with the structuring of AJCP’s investment vehicles it advises, seek input from internal personnel and third-party service providers who work on the related assets, and assist in recommending structuring changes in order to optimize flexibility and maximize economics, as applicable
  • Assist in the preparation of taxable income estimates requested by investors across the various  investment vehicles
  • Assist with / run weekly / bi-weekly meetings with tax preparers as needed over the course of the year  ?
  • Draft written responses to tax notices / manage third party tax preparers in responding to various federal, state, local, and foreign tax agencies
  • Assist with taking notes during internal/external meetings to ensure we document tax/business  knowledge / next steps for the team to move forward
  • Continually educate yourself on new tax laws, strategies, industry trends, and complex financial  instruments and suggest potential structuring changes with internal stakeholders
  • Assist in developing a deep understanding of all significant agreements, including but not limited to entity operational agreements and side letters, debt agreements, development management, asset management, hotel management, and restaurant management agreements, and applicable leases and insurance contracts to ensure the continuous compliance with each of these agreements throughout the accounting and finance department
  • Assist in reviewing REIT Testing and Qualified Opportunity Zone Testing 
  • Collaborate with the Tax Senior Manager / Tax Vice President / EVP of Accounting / Fund Directors / Fund Accountants in preparing internal memos detailing the high-level investment and  structuring strategy for each investment, its significant agreements and key investment terms, and initial and recurring action items regarding acquired investments and transition those memos effectively to AJCP’s accounting team and third-party tax preparers to ensure proper financial reporting and federal, state, local, and foreign reporting and tax estimate preparation for the investment vehicles 
  • For acquired investments, on an ongoing basis as regulations change or deal structures change,  work closely with the Tax Senior Manager/ Tax Vice President / EVP of Accounting / Fund Directors/ Fund Accountants and the Acquisitions, Capital Markets, Portfolio Management, and Asset Management teams to respond to ad-hoc requests/prepare required deliverables, synthesize investment changes, alter structuring, update internal memos, and train the  accounting team and third-party tax preparers to ensure proper reporting
  • In conjunction with AJCP’s accounting team and third-party tax preparers, maintain a calendar for federal, state, local, and foreign tax returns / other filings / estimates and REIT and Qualified Opportunity Zone compliance testing for the investment vehicles it advises, including the review of all requirements 
  • Perform any additional responsibilities that may be required to support AJCP’s rapid growth  


WHO YOU ARE 


AJCP is seeking a highly-motivated individual who enjoys working in a fast-paced, but disciplined,  entrepreneurial environment. The ideal candidate will have experience managing the tax function for a  private equity firm or investment advisor, or as a professional services firm representative acting as an  advisor to / tax preparer for such firms, and will know how to drive organization-wide decision making by  providing teams with clear, useful, and timely information. This role also requires the following capabilities:

  • Ability to clearly and effectively communicate with senior executives, investors, lenders, and other external stakeholders
  • Critical thinker who loves solving complex problems outside of their comfort zone 
  • Meticulous attention to detail and the highest standards for accuracy, timeliness, and precision
  • Demonstrated ability to collaborate with others and lead cross-functional project teams
  • Ability to deal effectively with ambiguities and manage multiple projects through completion, often under tight deadlines, with competing priorities and minimal supervision
  • Strong technical knowledge of partnership and investment company tax concepts
  • A technology-forward approach to problem solving, with the ability to evaluate, recommend, and  implement new systems as applicable 
Requirements

YOUR QUALIFICATIONS  

Required

  • 3-5 years of progressive tax experience with Big 4 or private equity / investment advisor firms in the real estate industry
  • A bachelors' degree in Accounting, Finance, Economics, or another business-related field
  • Licensed CPA
  • Advanced MS Excel capabilities and experience with one or more tax application systems  

Preferred

  • An advanced degree, such as a Master of Accountancy / Taxation or a Master of Business Administration / MBA  ? 
  • Knowledgeable of investment fund tax accounting concepts, including partnership tax accounting, tax allocations, management and incentive fees, PFICs, and CFCs, and experience in tax planning, structuring, forecasting, and reporting  ? 
  • Experience in a broad base of asset classes, including hospitality, multi-family, office, and retail 
  • Ability to perform under tight deadlines with minimal supervision
  • Ability to build rapport with internal and external counterparties  

Equal Employment Opportunity:  


AJCP is an equal employment opportunity employer and complies with all applicable laws prohibiting  discrimination based on an individual’s race, color, religion, religious creed, national origin, ancestry,  citizenship, physical or mental disability, medical condition, genetic information, marital status, reproductive health decision-making, sex, gender, age, sexual orientation, veteran and/or military status, protected medical leaves, domestic violence victim status, political affiliation, or any other status  protected by federal, state, or local laws. AJCP is dedicated to the fulfillment of this policy in regard to all  aspects of employment, including, but not limited to, recruiting, hiring, placement, transfer, training,  promotion, rates of pay, other compensation, termination, and all other terms, conditions, and  privileges of employment.