Tax Associate

About the Company

AQR is a global investment management firm that provides investment management services to pooled investment vehicles including hedge funds, mutual funds, European funds (i.e. UCITS) as well as to separately managed accounts (SMAs). The AQR Tax Team is a globally integrated function managing global tax compliance, reporting, and advisory responsibilities.

Responsibilities

• Review taxable income calculations and related tax adjustments such as wash sales, straddles, and constructive sales
• Review hedge fund tax allocations, tax transfers, and special allocations
• Review Schedules K-1/K-3 along with required statements and footnotes
• Review mutual fund-specific items including year-end distributions and asset diversification tests
• Review federal and state tax returns including Form 1065, Form 1120-RIC, Form 8613, and Form 8621
• Review international tax filings such as Form 1042/1042-S, FBAR, Form 8865, Form 5471, and PFIC statements
• Manage relationships with external tax vendors to ensure compliance with annual delivery calendars
• Prepare reconciliation schedules and supporting workpapers
• Address investor tax inquiries with well-documented responses
• Develop scenario analyses and models for internal and external stakeholders
• Collaborate with fund treasury, legal, and operations teams to resolve compliance matters

Requirements

• Bachelor’s degree in accounting
• 5+ years of tax experience within the asset management industry
• Experience with U.S. partnership and corporate taxation
• Experience with U.S. taxation of hedge funds
• In-depth understanding of financial instruments and their U.S. taxation
• Proficiency in MS Excel
• Knowledge of AI tools for automation of US tax work
• Excellent command of the English language

Preferred Qualifications

• CPA or EA certification
• Knowledge of U.S. taxation of mutual funds