ClearPoint Search Group is leading the search for the next Manager of Tax and Investment Accounting at Margaret A. Cargill Philanthropies (MACP). The Manager of Tax and Investment Accounting will lead the specialized investment accounting and tax services, leveraging expertise in complex investment structures. Additionally, this position leads research and analysis for long-term distribution planning. This role will report to the Director of Tax and Financial Planning and is a member of the Finance team.
The Manager of Tax and Investment Accounting will lead the specialized investment accounting and tax services, leveraging expertise in complex investment structures. Additionally, this position leads distribution planning and is responsible for research and analysis to support reporting and decision-making. This role will report to the Director of Tax and Financial Planning and is a member of the Finance team.
RESPONSIBILITIES:
Tax and Investment Accounting • Manage tax compliance processes for two grantmaking entities, including Form 990 and Form 990-T, with an emphasis on reporting requirements associated with diversified, global investment portfolios. • Lead accounting and tax research and analysis, including:
o Coordinate due diligence reviews for new investments, including program-related investments.
o Lead work to review and document accounting and tax positions related to investments, including annual investment valuation analysis.
o Research accounting and tax guidance and determine compliance processes for new investment types and transactions, working in close partnership with the Assistant Controller on GAAP interpretations. • Lead recording of investment transactions; ensure accounting records for investments are maintained in compliance with policies and procedures, in close partnership with the Assistant Controller. • Lead distribution planning to support decision-making, including analyzing important drivers for change in model inputs and outputs. • Lead accounting for taxes, including recording tax provision and related disclosures, to support financial reporting. • Partner with MACP's Trading and Investment Operations team to support cross-functional collaboration for the investment portfolios. • Provide flexible support to the finance team; work collaboratively and back up other team members and activities.
Staff Management and DEIJ • Supervise, train, and develop tax and investment accounting staff. • Champion MACP's vision and commitment to diversity, equity, inclusion, and justice ("DEIJ") by demonstrating awareness of systemic racism and other forms of structural injustice and committing to advance DEIJ efforts by embedding it into team and organization-wide goals and work. • Demonstrate commitment to intercultural understanding and sensitivity with the ability to lead teams through the operationalization of DEIJ into strategy, processes, practices, and relationships.
KNOWLEDGE AND SKILLS: • Broad understanding of investment instruments and complex investment structures along with
strong knowledge of related tax and financial statement reporting requirements. Working
knowledge of investment operations, custody bank and asset management environments. • Strong collaboration skills and ability to sustain a dynamic, matrixed finance team through cross-training and professional development of direct reports and others. • Ability to build trusting relationships with important stakeholders internally and externally, with
a commitment to service and an ability to communicate and advocate effectively at all levels. • Advanced proficiency in business applications and ability to effectively leverage and analyze large bodies of data, using a variety of tools. • Ability to observe trends in data, recommending and implementing solutions to increase
efficiency, effectiveness, and accuracy of data.
EDUCATION AND EXPERIENCE: • Bachelor's degree in accounting or finance with 6+ years of job-related experience. "Big 4"
experience or comparable industry experience required. CPA preferred. • Experience in non-profit tax planning preferred. • Prefer supervisory experience of a professional team, with demonstrated ability to develop
strengths of individual team members and to build an effective, values-based team.