Tax Manager
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities interest rates exchange-traded funds (ETF) and equity index options. From the beginning we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered optimized and maintained to stay on top of the industry.
Our Business department is comprised of several key teams who work to ensure that Belvedere is operating at the highest level. We look for passionate team members that excel and their contribution is critical to our continued Business Teams build and manage processes that strive to improve all facets of the company. Whether its human or financial capital our goal is to drive productivity while enhancing Team Belvederes experience.
Belvedere Trading isseekingan experienced and highlyskilledTax Managerto joinour finance team.
This individual willbe responsible formanaging the tax compliance and reporting obligations of a FINRA-registered broker-dealer engaged in proprietary trading. The role requires a CPA strong technical taxexpertise and hands-on experience with the complex tax rules that apply to trading entities including Section 1256 contracts and Section 1092 mixed straddles.
Team Belvedere is an environment where you will solve challenging problems with data-informed decisions. We seek someone passionate about treasury and who enjoys working in a fast-paced environment.
What youll do
- Prepareand review federal state and local income/franchise tax returns for the broker-dealer and related entities.
- Managepreparation and review of Schedules K-1 for partners ensuring accuracy andtimelydelivery.
- Leadpreparation of partnership (Form 1065) and corporate (Form 1120) returns including supporting schedules and workpapers.
- Overseequarterly and annual tax provisions estimated payments and extensions.
- Maintainrobust documentation for audit and regulatory review.
- Applyandmaintaincompliance with Section 475(f) mark-to-market elections.
- Prepareand reconcile tax reporting for Section 1256 contracts and Section 1092 mixed straddles ensuring proper application of IRS rules.
- Identifyand document book-to-tax differences from trading activity including wash sales options and derivatives.
- Monitorlegislative and regulatory developments thatimpactbroker-dealer taxation.
- Advisemanagement on tax-efficient structuring of trading activities and entity-level considerations.
- Liaisewith external auditors tax advisors and regulators during examinations and reviews.
- Improvetax processes controls and reporting efficiency.
- Assistin partnership accounting and intercompany accounting
- Month-end close and other recurring accounting team needs
What youll need
- Certified Public Accountant (CPA) credential.
- Minimum 5 years of progressive tax preparation experience with direct involvement in financial services or broker-dealer clients.
- Expertisewith Section 1256 contracts (60/40 treatment) and Section 1092 mixed straddle rules.
- Experience with Schedule K-1 preparation and partner allocations.
- Prior experience with proprietary trading firms or FINRA-regulated entities.
- Familiarity with guaranteed payments trader vs. investor distinctions and allocation of expenses across related entities.
- ProficiencywithGoSystem CCH Axcess or similar tax software.
- Strong knowledge of U.S. federal and multi-state tax law.
- Excellent analytical organizational and communication skills.
- Ability to manage multiple complex deadlines in a regulated environment.
$150000 - $225000 a year
Additionally certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits which can be found on our websitehere.
Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications. We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.
Core Values
The secret to our award-winning culture is our Core Values:Team Belvedere Me In Team Own It Build Rockets and Passionate Discourse.We live and breathe these values every day.
Our Stance
Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race color religion sex national origin disability age military and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect dignity and courtesy. Our firm believes in a dynamic culture of inclusion and diversity where people thrive on individual and organizational characteristics values experiences and backgrounds.
Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls please.
Any questions regarding the virtual recruiting process please reach out toemailprotected.
Work Schedule: Regularand reliableattendanceduring standard business hours
Amount of Travel Required:None
Sponsorship:Not available for this position
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Manager
Key Skills
- Tax Experience
- Accounting Software
- GAAP
- QuickBooks
- Accounting
- Sage
- Account Reconciliation
- Analysis Skills
- Research Experience
- SOX
- Microsoft Excel
- Financial Analysis
About Company
Belvedere Trading is a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.
