US Bank Impact Finance - Senior Syndication Tax 

United States, Minnesota 

921250152

Job Description

The Senior Syndications Tax Analyst will be responsible for the tax reporting of syndicated tax credit funds consisting of investments in Low Income Housing Tax Credits, Renewable Energy Tax Credits, New Markets Tax Credits and Historic Tax Credits. The Senior Analyst works as the primary Syndications Fund tax expert for all Fund Managers and reports directly to the Director of Syndications Tax and Accounting Operations. The Sr. Analyst will work with Fund Management, Investor Strategy, External Investors, CPA Firms, and the USB Internal Tax Department to develop accurate tax reporting for

the investors, coordinate tax benefit updates, manage tax payments, and respond to tax issues. The role requires substantial skills in tax accounting with an emphasis in partnership taxation and tax credit investing. The Senior Analyst is also responsible for coordinating the efforts of internal team members and

external CPA firms.

Main Responsibilities

• Tracking the annual Investor tax return process to ensure that investors receive their tax returns timely

• Evaluate tax decisions that impact Fund level returns including tax positions, tax returns to prioritize, and when to use estimates instead of actuals.

• Support and assist entire Syndications team on communication of tax issues to Investors including directly with Investors as needed

• Assist Fund Managers on tax issues to enable them to fulfill their duties as relationship managers

• Stay in tune with accounting and tax law changes and issues, and determine how it needs to be addressed/managed by Syndications (i.e. tax reform, K-2-K-3 Reporting, Inflation Reduction Act)

• Work with Fund Management/Investor Strategy on tax issues and how they impact benefit schedules (i.e. suspended losses, partnership allocations).

• Assist in coordination with outside support on the completion of NMTC tax returns

• State tax :Participate in developing procedures and monitor state non-resident withholding in collaboration with CDC tax team. Respond to state tax notices and facilitate payments. Act as expert and point person for state tax issues that come up, including decision maker for payments and point of contact for state taxing agencies

Basic Qualifications

• Bachelor’s Degree or equivalent

• Six or more years of related experience

Preferred Skills/Experience

• Experience with partnership taxation highly preferred

• CPA or CPA candidate

• Understanding of Tax Credit accounting

• Excellent Time management skills

• Understanding of Partnership tax concepts

• Self-Starter able to work in environment with minimal direction

• Experience working with data and process management tools (Tableau, Alteryx) a plus

Tag: INDMO

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $108,375.00 - $127,500.00 - $140,250.00 Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.