Tax Manager

Founded in 2008, Prime Finance is a fast growing, diversified commercial real estate credit investment platform. It seeks to deliver attractive returns to investors with a range of duration and risk/return options. Prime Finance has reached an inflection point in its growth trajectory which presents an immediate opportunity to accelerate that growth through further expansion of existing and new credit strategies as well as extensive investment in internal processes, systems, and resources.

Prime Finance is looking for a collaborative and motivated Tax Manager to join its San Francisco office. This individual should possess a tax background and a self-starter mentality. At minimum, six years of experience in a tax role is required. Experience in the real estate and/or fund management industry is highly preferred.

In addition to supporting the Senior Tax Manager, the position will work and collaborate closely with the greater Tax, Fund Management & Accounting, Fund Legal & Compliance, Investor Relationships, and Capital Markets functions. The position will work cross-functionally and build relationships with team members from other departments, external advisors, and members of the management team.

• Manage K-1 and tax return compliance, including gathering and analyzing sourced data, coordinating with external vendors, and reviewing tax work papers, K-1s, returns, tax extension payments and filings, and other tax reporting requirements (e.g., FATCA, CRS, Form 1099s).
• Manage quarterly tax estimates process, including calculating projected income, quantifying tax distributions, reviewing investor notices, and overseeing estimated tax payments.
• Manage REIT compliance, including providing data to tax advisors, reviewing the income and asset tests, reviewing annual PSQs, and completing REIT consent dividend analysis.
• Lead responses to inquiries from investors, internal Prime Finance team members, third party tax preparer(s), and vendors.
• Review, research, and respond to various tax notices or inquiries related to property tax, franchise tax, and/or other indirect taxes, as necessary.
• Coordinate with asset managers and/or property managers or sponsors on real estate owned (REO) or preferred equity items.
• Draft internal memos to document various tax issues and related policies and procedures.
• Assist the tax team in adopting and integrating new technologies, implement updates to existing processes to increase the team’s efficiency and improve data management.
• Support Senior Tax Manager on other technical topics including, but not limited to, Preferred Equity hypothetical liquidation analysis, Personal Holding Company risk mitigation, UBTI risk mitigation, CLO risk analysis, REIT capacity analysis, and Original Issue Discount.
• Monitor legislative changes in U.S. and foreign tax laws that may impact tax positions, filing requirements, or tax structures.
• Other ad hoc projects and tasks required by the tax team

• Bachelor’s degree in accounting or related field or commensurate work experience required
• 6-8 years of related tax experience required, preferably in a real estate and/or alternative investment firm
• Familiarity with real estate investment trust (REIT) requirements and reporting
• Proficiency with MS Office Suite, with a particular focus on MS Excel required
• Demonstrate exceptional attention to detail to ensure accuracy and completeness
• Ability to maintain strict confidentiality of our investors (domestic and foreign), partners, and internal affairs
• Able to work independently and manage multiple projects simultaneously
• Excellent written and verbal communication skills
• Flexible and able to respond quickly and positively to shifting demands and opportunities
• Team-oriented…