Deloitte Senior, Tax Analysis & Debt Investments in Chicago, Illinois
Interested in taking your tax and business experience to a whole new level? Want to work with some of the leading hedge and private equity firms, insurance companies, and banks in the world? Want to be on a team with some of the most diverse backgrounds in the industry - financial analysts, developers, business analysts, attorneys and accountants? This is the place for you!
Work You'll Do
As a Tax Senior Consultant in this group, you will be responsible for asset-level diligence and analysis on debt investments, preparation and/or review of debt taxable income calculations, preparation and/or review of debt taxable income reports, communicating with clients, their servicers and/or administrators and coordinating staff level client resources. Specific responsibilities include:
Calculating taxable income on debt investments including OID, market discount, premium, gain / loss, tax basis, and other items using Deloitte's proprietary TARDI software and tools.
Leveraging proprietary software, third party data providers, and credit agreements to research asset level debt origination terms for corporate bond portfolios, mortgage-backed security portfolios, and mortgage loan pools.
Working with monthly client provided trading data to review, transform, process, and reconcile tax specific transactional data within the TARDI software.
Performing tax research to address tax technical issues that arise related to debt investment related transactions.
Developing requirements for TARDI system enhancements and ongoing testing of TARDI system calculations, processes, and reporting.
Supporting pursuit of new client opportunities through review of prospective client debt holdings, development of marketing decks, and analysis of industry public filings.
Working within a team and supporting and mentoring junior staff.
National Federal Tax Services (NFTS) is a national practice within Deloitte Tax LLP made up of a number of tax service offerings. Each NFTS service offering has been developed and built as a result of a tax planning idea, a marketplace need, or a technological innovation - all with the purpose of delivering results for our clients. Our people are entrepreneurial in spirit and have always had the work-hard/play-hard mentality. NFTS service lines provide tax planning and compliance support for the largest organizations across all industries.
One of our fast-growing, unique service offerings is our Tax Analysis & Information Reporting for Debt Investments (TARDI) practice. Those pursuing investment opportunities in corporate/government debt, MBS, and ABS markets are consistently challenged to properly address the tax planning and compliance that can apply. This quickly becomes a task that is often heavily dependent upon effective data management and a knowledge of financial products and tax principles. Through a combination of tools developed by Deloitte's Securitization and Partnerships Solutions practices, we can assist with the complex tax and reporting needs of large portfolios of fixed income investments.
3+ years of full-time work experience
Bachelor's degree in accounting, finance, MIS, or related field required
At least 1 year of practical knowledge in fixed income financial products, income tax principles and/or project management
Highly proficient in Excel
CPA, Enrolled Agent, or other appropriate certification (either in process or able/willing to obtain)
Limited immigration sponsorship may be available.
Ability to travel 25%, on average, based on the work you do and the clients and industries/sectors you serve
Advanced degree such as MST, MAcc, or LLM
Big 4 experience or equivalent
Experience serving clients or directly working within the financial services industry.
Experience with VBA, C#, SQL, Access, and/or Python
Financial modeling skills
Effective verbal and written communication skills
Strong interpersonal skills with management and executive presence
Problem solving capabilities