Tax Analyst, Investment Office

Department
F&A FIN - Tax Accounting

About the Department
Finance and Administration (F&A) aims to provide the services and support needed to foster an environment of academic and research excellence at the University of Chicago. We are dedicated to collaborative partnerships with our colleagues and customers that lay the foundation for an exemplary service delivery process. Being fully aligned with the strategic and academic priorities of the University, each of the departments within F&A is tasked with implementing the processes necessary to achieve lasting excellence.

Job Summary
Reporting to the Tax Manager in Financial Services, this Tax Analyst sits in the University's Investment Office and owns the tax data that feeds the Form 990-T. The day-to-day work centers on tracking K-1s, computing federal and state tax liabilities, maintaining investment related tax records, and preparing tax disclosures. The Tax Analyst serves as one of the University's representatives to external fund managers and advisors on all tax data matters.

Responsibilities

• Monitors the receipt of Schedules K-1 from the University's investment partnerships and funds. Reviews K-1s for items relevant to unrelated business taxable income (UBTI) and net investment income (NII). Reconciles K-1 data against internal investment records and follows up with fund managers and administrators for clarification.
• Computes UBTI from partnership activities, including debt-financed income and other items reportable on the 990-T. Applies the UBTI siloing rules to separately track income and loss by trade or business. Maintains silo-by-silo net operating loss records.
• Computes the NII for purposes of the excise tax on certain private university endowments (Form 4720). Tracks the components of NII across the investment portfolio.
• Maintains and updates the tax basis of all investments across the portfolio, tracking capital contributions, distributions, and adjustments.
• Serves as the University's primary point of contact with external fund managers, fund administrators, and tax advisors for gathering and analyzing tax data.
• Works with the University's custodian bank on tax reporting for daily valued investments.
• Captures key information for new investments, including entity treatment for U.S. tax purposes, domicile, and tax reporting provided by the fund, to ensure accurate and comprehensive tax reporting.
• Prepares international informational filings related to the investment portfolio, including Forms 5471, 8865, 8858, 926, and 8621. Conducts Subpart F income and GILTI calculations.
• Prepares schedules, workpapers, and supporting documentation that feed into the Form 990-T. Works with the Tax Manager and external tax preparers during the filing process.
• Works alongside the Investment Office team day-to-day to understand portfolio activity, new fund commitments, dispositions, and other transactions with tax implications.
• Prepares miscellaneous state income and franchise tax returns arising from the University's investment activities, including returns triggered by fund allocations of state-source income.
• Assists with other investment-related tax compliance as assigned.
• Keeps up with changes in tax law affecting tax-exempt organizations, partnership taxation, and international taxation.
• Participates in special projects as requested by management.
• Performs a variety of operating or cost accounting activities which require moderate knowledge of accounting theories and principles.
• Interprets accounting records for the purpose of determining gains and losses, receipts and disbursements, and inventory.
• Performs other related work as needed.

Minimum Qualifications

Education:
Minimum requirements include a college or university degree in related field.

Work Experience:
Minimum requirements include knowledge and skills developed through 2-5 years of work experience in a related job discipline.

Certifications:

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Preferred Qualifications

Education:

• Master's degree in accounting (MSA), taxation (MST), or MBA with a concentration in accounting.

Experience :

• At least two years of professional experience in tax compliance, public accounting, or in an in-house tax department preferred.
• Work in a university, endowment, or institutional investment environment.

Certifications:

• CPA or CPA-eligible; Enrolled Agent (EA) also valued.

Technical Skills or Knowledge:

• Exposure to alternative investments and endowment-related tax matters.
• Partnership tax and/or international tax experience is strongly preferred.
• Understanding of alternative investments and K-1 analysis.
• Familiarity with UBTI concepts, Form 990-T, or Form 4720.
• Exposure to international informational filings (Forms 5471, 8865, 8858, 926, 8621) and Subpart F or GILTI calculations.
• Familiarity with UBTI rules, the siloing rules and related NOL tracking, and the NII excise tax.
• Understanding of tax software, including K-1 aggregation software.
• Strong proficiency with Excel.
• Comfortable reading and interpreting the Internal Revenue Code, Treasury Regulations, IRS form instructions, revenue rulings, and revenue procedures.

Application Documents

• Resume/CV (required)

When applying, the document(s) MUST be uploaded via the My Experience page, in the section titled Application Documents of the application.

Job Family
Financial Management

Role Impact
Individual Contributor

Scheduled Weekly Hours
37.5

Drug Test Required
No

Health Screen Required
No

Motor Vehicle Record Inquiry Required
No

Pay Rate Type
Salary

FLSA Status
Exempt

Pay Range
$65,000.00 - $80,000.00
The included pay rate or range represents the University's good faith estimate of the possible compensation offer for this role at the time of posting.

Benefits Eligible
Yes
The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

Posting Statement

The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call View phone number on click.appcast.io or submit a request via Applicant Inquiry Form.

All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment. Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

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