Tax Associate

Sherman Capital Markets is a management company headquartered in Charleston, South Carolina, with a 20-year track record of unparalleled success. To date, Sherman, through its affiliates, has invested $7B and secured more than $3B in financing for portfolio companies across Europe and North America. Sherman’s portfolio companies originate, purchase, and service various types of consumer and commercial debt to include credit cards, consumer loans, mortgages, etc. In addition, the company’s sphere of expertise in consumer and specialty finance has allowed Sherman to expand its operational oversight to include joint ventures, whole company acquisitions, real estate assets, start-ups, and many others. Despite the size of Sherman’s assets and annual revenue, the organization is privately held and able to respond to market conditions quickly without the constraints that traditional asset management funds face. With all its success, Sherman has remained an organization centered on entrepreneurship, employee engagement and community partnership.

We are currently seeking an experienced tax professional to assume ownership of a wide range of tax compliance responsibilities. The tax professional should have strong foundational skills in the U.S. federal taxation of partnerships and S-corporations as well as be a self-starter: motivated to complete tasks, research technical issues, and seek assistance from peers. State and local experience is a plus. The tax professional will receive personalized training and be provided with the resources necessary to achieve success.

• Work in a team environment to ensure accurate and timely completion of all Federal and State tax filings.
• Gather and analyze accounting data for appropriate tax treatment.
• Prepare interim and year-end tax workpapers including Schedule M support, tax group combinations, and state apportionment data.
• Track partnership, partner, and shareholder tax basis.
• Prepare quarterly estimated income tax payments.
• Prepare federal, state, and local income, franchise, and property tax returns.
• Research technical tax issues and compose memorandums to document analysis.
• Assist with responding to tax authority requests and examinations.
• Elevate oneself to become a “Subject Matter Expert” on assigned tax topics.
• Assist with various special projects.

• CPA or CPA candidate with Bachelor’s degree in Accounting or Finance (advanced degree in Taxation preferable).
• Minimum of 1 – 3 years tax compliance experience.
• Strong foundation in U.S. federal taxation of partnerships and/or S-corporations; State and local experience is a plus.
• Excellent problem solving, organizational and communication skills (written and oral).
• Strong work paper preparation skills and ability to analyze general ledger accounts to produce timely and accurate records with appropriate supporting documentation.
• Proficiency with on-line tax research software (RIA & BNA) and CCH Axcess tax preparation software.
• Sophisticated excel capabilities.
• Very detail oriented and able to function in a fast-paced environment with the ability to take initiative.
• Preparation of tax and information returns for companies dealing or invested in financial products, banking, and/or private equity
• Debt/equity analysis
• Capital raise and divestiture transactions including §§ 707, 754, and 704 computations and disclosure;
• Maintenance of §§743 and 734 adjustments during hold periods; and/or
• Schedule K-1 disclosures pertaining to high-net worth individuals including §§1411 net investment income tax footnotes, 465 at risk footnotes, 469 material participation groupings, etc.

Job Type: Full-time

Pay: $85,000.00 - $95,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Application Question(s):

• How many years experience do you have with financial products?
• Do you have on-line tax research software experience?
• What is your proficiency level of Excel?

Education:

• Bachelor's (Required)

Experience:

• Tax Compliance: 2 years (Required)
• Federal Taxation of Partnerships: 2 years (Required)

License/Certification:

• CPA (Required)

Ability to Relocate:

• Charleston, SC 29401: Relocate before starting work (Required)

Work Location: In person

Salary : $85,000 - $95,000