Tax Senior Manager

Reports to: SVP, Tax

Location: Chicago, IL

This role will be performed onsite in the Chicago office.

Adventurous Journeys Capital Partners (“AJCP”) is seeking a Tax Senior Manager to assist with the tax planning, structuring, forecasting, and reporting functions for AJCP’s corporate management company and investment vehicles 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 Tax Senior Manager will report to the Tax Director to assist in driving all aspects of the tax posture for AJCP’s corporate management company and the investment vehicles it advises. The Tax Senior Manager will act as a change agent within the organization and work closely with the Tax Director to develop tax strategies and execute structuring decisions for new investments that maximize transaction flexibility and economics. 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

1. Familiarize yourself with the structuring of AJCP’s corporate management company and all of the investment vehicles it advises, seek input from internal personnel and third-party service providers who work on the related assets, and recommend structuring changes in order to optimize flexibility and maximize economics, as applicable.
2. Assist in managing third party tax preparers with the fund and property level federal tax returns, state and local tax returns, and quarterly estimates over the course of each tax compliance period.
3. Review all tax filings by working with the Tax Director and EVP in understanding the book to tax income adjustments, reviewing allocations/tax forms/K-1s, and ensuring all tax returns are timely filed.
4. Continually educate yourself on new tax laws, strategies, industry trends, and complex financial instruments and suggest potential structuring changes with internal stakeholders.
5. Develop 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.
6. Work closely with the acquisitions team and third-party service providers, as needed, to understand new investment underwriting, timing, and the upside/downside of potential exit scenarios for new investments in order to recommend structures that optimize flexibility and maximize economics.
7. Collaborate with the Tax Director/ 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.
8. Assist with consulting with investor representatives to understand their objectives, communicate tax structuring decisions, explain ongoing filing requirements, and answer questions.
9. For acquired investments, on an ongoing basis as regulations change or deal structures change, work closely with the Tax Director/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.
10. 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 both AJCP’s corporate management company and the investment vehicles it advises, including the review and approval of all requirements.
11. Assist/Run weekly/bi-weekly meetings with tax preparers as needed over the course of the year.
12. Draft written responses to tax notices/manage third party tax preparers in responding to various federal, state, local, and foreign tax agencies.
13. Assist with taking notes during internal/external meetings to ensure we document tax/business knowledge / next steps for the team to move forward.
14. 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 extensive 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:

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

YOUR QUALIFICATIONS

Required

1. 8+ years of progressive tax experience with Big 4 or private equity/investment advisor firms in the real estate industry.
2. A bachelor's degree in Accounting, Finance, Economics, or another business-related field.
3. Licensed CPA.
4. Advanced MS Excel capabilities and experience with one or more tax application systems.

Preferred

1. An advanced degree, such as a Master of Accountancy / Taxation or a Master of Business Administration / MBA.
2. 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.
3. Experience in a broad base of asset classes, including hospitality, multi-family, office, and retail.
4. Ability to perform under tight deadlines with minimal supervision.
5. 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 race, color, creed, religion, sex, age, national origin or ancestry, physical, medical or mental disability or condition (including, without limitation, HIV and AIDS), developmental disability, handicap, denial of family and medical care leave, denial of pregnancy leave, domestic partner status, status as a victim of sexual or domestic violence (or familial relationship to such victim), veteran status, marital status, sexual orientation, arrest records, citizenship status, criminal history that has been expunged, unfavorable discharge from the military, or any other basis protected by federal, state or local laws.