• Senior Associate, Alternative Investments, Tax & Operations

    Job Locations
    US-CA-Los Angeles
    Wealth Management
  • Overview

    **This role is located in Century City, CA.**


    The Alternative Investment Operations team (First Republic Investment Management) is seeking a highly motivated professional to join our  team as a Tax & Operations Senior Associate with a strong working knowledge of GAAP accounting. The role will focus on activities surrounding the core operations of our alternative investment business and fund processing.





    • Assist with the review of private fund tax reporting documents, including Schedule K-1s, PFIC statements, accompanying footnote disclosures, federal & state tax returns, federal tax estimates, and withholding forms for Altair funds and investors.
    • Coordinate with Altair team on various projects, including: Tax Estimates (consolidated & individual reporting), Composite Elections, Schedule K-1 reporting, calculating & remitting tax payments, Tax Return filings, reconciling fund tax filings with corresponding investor accounts, etc.
    • Work closely with third-party fund administrators and tax firms to oversee and monitor their operations. Coordinate with Federal & SALT tax teams of third party vendors to timely determine & remit applicable tax payments on behalf of Altair funds & investors.
    • Draft correspondence to tax authorities to resolve state & federal tax notices. Organize responses & coordinate with external tax firms to process state & local tax notices.
    • Assist in the Treasury and Invoicing functions of the Funds.
    • Work with Altair operations & research teams to address ad-hoc client questions related to the funds' tax & accounting functions. Liaise between client servicing teams, fund administrators, and tax firms, with any questions or issues that may arise.
    • Assist team Tax Specialist with communications to underlying fund managers to assess SALT payment & filing implications for Altair funds as needed.
    • Assist with the preparation and review of private fund financial statements. Assist with reviewing fund NAV packages as required each month/quarter to ensure client reporting is efficiently & accurately completed.
    • Provide support with fund capital activity processes (capital calls, distributions, subscriptions, redemptions, etc.) and miscellaneous administrative tasks.
    • Perform duties & responsibilities specific to department functions & activities.
    • Perform other duties & responsibilities as required or assigned by supervisor.
    • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank



    Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.





    Key Skills, Knowledge and Abilities:

    • 2-3 years of experience in tax. CPA preferred but not required.
    • Proficiency with Microsoft Word, Excel, and PowerPoint.
    • Detail-oriented with the ability to work independently.
    • Be able to communicate effectively with team members.
    • Exceptional organizational skills.
    • Be capable of prioritizing multiple projects.
    • Ability to think critically and anticipate issues.
    • Strong communication skills (both written and verbal).
    • Ability to work in a demanding, unstructured environment.
    • BA or BS degree in Accounting, Finance, Mathematics, or other business major from an accredited institution.
    • Self-starter, takes initiative.
    • Team player.
    • Provides extraordinary service.
    • Furthers the First Republic Bank culture and values.


    Mental/Physical Requirements:

    • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
    • Vision must be sufficient to read data reports, manuals and computer screens.
    • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
    • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
    • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
    • Must be able to travel as position requires.
    • May be required to lift 25-50lbs.


    Workplace:  General Office Environment (Administrative)



    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed