Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.
The Tax Manager will be responsible for managing key tax compliance and reporting activities for the firm, with a particular focus on partnership taxation, partner equity matters, IRA tax withholding, and state and local tax compliance. Reporting to the Controller, this position will serve as the primary internal liaison with the firm's external tax advisors and will work closely with Finance, Legal, Human Resources, Payroll, and other internal stakeholders.
The successful candidate will have a strong foundation in partnership taxation and the ability to develop a detailed understanding of the firm's ownership and equity compensation structures and their related tax implications.
What you are good at:
Technical tax knowledge: Possesses a strong understanding of tax principles, regulations, compliance requirements, and tax preparation procedures to ensure accurate reporting and adherence to federal, state, and local tax laws.
Analytical ability: Demonstrates strong analytical skills with the ability to interpret complex data, identify trends, solve problems, and make informed decisions to ensure accuracy and efficiency.
Attention to detail: Demonstrates exceptional attention to detail by carefully reviewing information, identifying discrepancies, and ensuring accuracy, consistency, and compliance in all tasks.
Relationship building: Effectively manage relationships with external advisors and internal stakeholders.
Responsibilities:
Partnership Tax and Equity
- Serve as the primary liaison with the firm's external tax advisors in connection with the preparation of federal and state partnership income tax returns and Schedules K-1.
- Coordinate the collection, review, and validation of information required for partnership tax return and K-1 preparation.
- Review partnership tax returns, K-1s, supporting schedules, and related tax calculations for accuracy and completeness.
- Develop and maintain a thorough understanding of the firm's partnership structure, partner equity arrangements, and equity compensation programs and their associated tax implications, including evaluating the implications associated with new or modified partner equity and compensation arrangements.
- Review partner tax distribution calculations and develop an understanding of the relationship between taxable income allocations, partner capital, and tax distributions.
- Assist with partner inquiries and provide clear explanations of tax reporting and related matters as appropriate.
- Monitor relevant tax developments affecting the firm's partnership and equity arrangements.
IRA Tax Withholding and Reporting
- Manage federal and state tax withholding and reporting requirements associated with IRA distributions.
- Maintain an understanding of federal and state-specific IRA withholding requirements and monitor changes in applicable requirements.
- Oversee the preparation and timely filing of related federal and state withholding tax returns and payments.
- Partner with other internal teams to ensure tax withholding requirements are appropriately implemented and maintained.
State and Local Tax Compliance
- Manage personal property tax compliance, including preparation or coordination of required filings, review of supporting information, and timely payment of tax obligations.
- Manage business privilege tax and similar local tax filing requirements.
- Coordinate with external advisors as appropriate on state and local tax compliance matters.
- Maintain tax calendars and supporting documentation to ensure filing and payment deadlines are met.
Tax Administration and Internal Controls
- Maintain appropriate documentation and supporting workpapers for tax calculations, filings, and positions.
- Develop and maintain effective processes and controls surrounding assigned tax responsibilities.
- Identify opportunities to improve the efficiency and accuracy of tax processes.
Qualifications:
- Bachelor's degree in Accounting, Finance, Taxation, or a related field.
- CPA and/or Master's degree in Taxation preferred.
- Approximately 6–10 years of relevant tax experience, including meaningful experience with partnership taxation.
- Experience with partnership tax compliance and Schedule K-1 reporting required.
- Understanding of partnership equity, partner capital, and the tax implications of equity-based compensation arrangements preferred.
- Experience with federal and multi-state tax compliance or withholding requirements preferred.
- Financial services, professional services, asset management, wealth management, private equity, or other partnership-oriented industry experience is beneficial.
- Experience working with external tax advisors and managing tax compliance processes.
- Strong analytical and problem-solving skills with the ability to research and understand technical tax matters.
- Strong organizational skills and attention to detail, with the ability to manage multiple deadlines and responsibilities.
- Effective written and verbal communication skills, including the ability to explain tax concepts to non-tax professionals.
- Ability to work independently while collaborating effectively across functions.
Why work for us?
Benefits: Janney believes that its employees are the key to what makes a great company. Although work makes up a large portion of an employee’s life, we believe that a balance between work and non-work activities is essential to maintain quality performance and a positive work atmosphere. We offer a competitive package including Paid Parental Leave, generous Paid Time Off, eligibility for a $2,000 referral bonus and Professional Development Assistance Plan designed to help you make the most of your life at work and at home—today and in the future. Explore further.
Janney is an award-winning full-service financial services firm committed to understanding our clients' needs and providing advice beyond investments. We are equally committed to building a diverse workforce and inclusive culture where employees can use their talents to thrive and grow professionally with the firm.
People are our strongest asset. We recognize that when our team members thrive, our firm is more successful.
Janney is an equal opportunity employer and makes employment decisions on the basis of merit and business needs.
