Tax Manager

Job Description

About GEF Capital Partners

\n

GEF Capital Partners is a global private equity firm investing in companies that address climate change and pollution. The firm was established in 2018 through a spinout from Global Environment Fund, an early pioneer in sustainability investing, and has offices in the United States, India and Brazil.

\n

\n

Our investors include leading global institutions, pension funds and development finance institutions. Portfolio companies span clean energy, energy efficiency, electrified transport, sustainable agriculture, waste, water and resource efficiency.

\n

\n

The opportunity

\n

This is GEF Capital's lead in-house tax role: one person owning tax across three fund platforms and three jurisdictions, from deal structuring through to investor reporting.

\n

\n

It suits a Manager or Senior Manager in a Big Four private equity or international tax practice who wants to move from advising many clients to owning the outcome for one. You will:

\n

\n
• Sit on the client side, directing external advisors instead of delivering to their deadlines.
\n
• See the full life of an investment: structuring at entry, monitoring during the hold, planning the exit and repatriating proceeds.
\n
• Work directly with Partners, CFO, Corporate Fund Accounting Team and deal teams in the US, India and Brazil.
\n

\n

\n

Key responsibilities

\n

Fund tax compliance and reporting

\n

\n
• Own the annual tax compliance cycle for the funds, parallel and feeder vehicles, AIVs, blockers and co-investment vehicles: Form 1065, Schedules K-1 and K-2/K-3, Forms 1120 and 1120-F, and state and local filings.
\n
• Review returns, workpapers and allocations prepared by external tax preparers and sign off before release to investors.
\n
• Manage federal, state and foreign withholding, including partner withholding on effectively connected income, composite and pass-through entity filings, and Forms 1042 and 8804/8805.
\n
• Review tax aspects of waterfall calculations, carried interest allocations, tax distributions and quarterly estimates.
\n
• Maintain tax basis, Section 704(b) and 704(c) records, and review tax provisions for blocker corporations in the US Region.
\n

\n

\n

Deal structuring and transaction support

\n

\n
• Work with deal teams and external counsel on acquisition, add-on, financing and exit structures across all three regions.
\n
• Scope and review tax due diligence, and translate findings into price, structure and purchase agreement terms.
\n
• Review tax inputs to investment models, including leakage on dividends, interest and exit proceeds.
\n
• Evaluate structures against the needs of tax-exempt, non-US and development finance investors, including UBTI and ECI exposure.
\n
• Advise on management equity, rollover and incentive arrangements at portfolio companies.
\n

\n

\n

Investors and fundraising

\n

\n
• Respond to investor tax questions and due diligence requests and support investor relations during fundraising.
\n
• Review tax sections of offering documents, limited partnership agreements and side letters, and track side letter tax commitments.
\n
• Manage FATCA and CRS compliance, investor tax forms (W-8 and W-9 series) and tax-related investor onboarding with the SS&C.
\n

\n

\n

Management company and GP

\n

\n
• Manage tax compliance for the management company, GP and carry vehicles in the US, and coordinate with local advisors for the Brazil advisory entity.
\n
• Support partner-level tax matters arising from the firm's entities, including carried interest holding period rules.
\n

\n

\n

Qualifications

\n

\n
• 6-10 years of tax experience, including at least 4 years in the private equity, asset management or international tax practice of a Big Four firm (Deloitte, EY, KPMG or PwC)
\n
• Active CPA license
\n
• Bachelor's degree in Accounting, Finance, or a related field. Master’s degree in Taxation is preferred.
\n
• Strong working knowledge of US partnership taxation
\n
• Demonstrated capability in US and international tax: CFC and PFIC rules, foreign tax credits, treaty analysis and outbound information reporting
\n
• Excellent communication skills
\n

\n