The Investment Services Private Markets
The Investment Services Private Markets (ISPVM) team provides investment services to private equity, real estate, infrastructure, and cross-strategy investments strategically and tactically. The department is responsible for deal structuring, execution and closing, due diligence, tax advisory, investment holding structures, finance and investment operations, portfolio monitoring, data management, reporting and analytics, and valuations.
Investment Tax
The Investment Tax team guides GIC investment teams through the increasingly complex and evolving maze of international tax legislation and issues, to maximize portfolio value by ensuring that investment and business decisions are made on a tax-informed basis. Collectively, the Tax team oversees GIC’s international tax-related governance and strategy, tax risk management, investment support, and tax compliance.
To allow GIC’s tax support to become more agile and reflect our increased investment pace and complexity, the role of VP is being established in GIC’s New York office. Reporting to the SVP, Tax Lead, within our Americas Investment Tax Team, the individual will predominantly provide tax support for investments directly in the Americas, with focus on private equity and credit investing. This individual will lead investment structuring support for deals executed by these teams, manage tax risk, execute on strategic GIC initiatives, and ensure proper hand-off to the Enterprise Tax Team, when needed.
Role-Specific Accountabilities:
1. Tax support to public and private market investments in the Americas
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Delivers early-stage tax support as investment teams explore the viability of new opportunities in fund investments, co-investments, and direct equity and credit investments. In anticipation of investing into key Americas jurisdictions, facilitates preparatory work with external advisors to determine the availability of tax privileges for GIC and preferred tax structuring alternatives.
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Provides more direct support to investment teams in complex situations to ensure tax risks and opportunities are well understood and monitors the quality of final technical advice/opinions and tax ruling submissions.
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Maintains tax knowledge pertinent to asset classes that invest across the Americas and leverages a network of external advisors to monitor for changes of tax law or administrative practice. Effectively highlights and communicates changes of law to investment teams that could impact current or future investments across the Americas.
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Works with tax advisors to provide quality service and advice to meet specific needs of investment teams. In the process, strives to establish good rapport and ensure the quality performance of advisors.
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Collaborates with investment teams, the Enterprise Tax team and other Corporate Services departments where needed to ensure that the on-going tax management of investments across the Americas meets GIC’s needs. Identifies improvements and recommends pragmatic solutions.
2. Tax support across tax strategy and tax risk in the Americas
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Supports the Tax team’s work to advance strategic GIC initiatives in the Americas and works to streamline information flows, processes, and issue resolution.
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Contributes knowledge of GIC’s Americas investment tax issues to the delivery of tax risk reporting to key stakeholders.
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Supports training in the Americas to increase GIC tax awareness and effectively enable GIC staff to understand tax issues relevant to their departments.
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Maintains high standards of effective oral and written communications to internal stakeholders to ensure ease of understanding the relevance to the business.
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Actively contributes to the Tax team’s knowledge and technology resources, and shares ideas/information with peers.
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Supports the implementation of special projects and initiatives for the Tax team.
3. Build and maintain strong cross-functional relationships
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Works effectively with colleagues across GIC.
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Builds the trust of the GIC departments that are directly supported.
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Develops, maintains, and manages relationships with key individuals across other GIC departments.
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Collaborates with peers in the Tax team to leverage team knowledge and experience.
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Assists with reports to senior management on tax issues, risks, and opportunities.
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Promotes collaboration and issue resolution within and across teams.
Position Requirements:
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At least eight years of relevant tax experience, with preference for international or M&A/funds tax experience.
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Juris Doctor or Master of Taxation required, LL.M. in taxation preferred.
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Demonstrates strong writing, analytical, and oral presentation skills.
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Demonstrates an ability to synthesize complex technical concepts, strategically evaluate options based on tax and other business considerations and explain recommended solution in plain language understood by non-specialist audiences.
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Can adapt communication styles based upon the audience.
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Has strong organizational skills, is flexible, and can independently and efficiently progress multiple assignments.
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Has excellent attention to detail and consistently high levels of accuracy.
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Strives to innovate and follow best practices but is highly attuned to the need for commercial solutions.
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Is energized by ideas and novel experiences and will encourage a learning environment.
Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.
Flexibility at GIC
At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.
We are an equal opportunity employer
As an employer, we passionately believe every individual brings with them unique diversity of thought and perspectives to meaningfully enrich perspectives of GIC teams to drive competitive performance. An inclusive environment yields exceptional contribution.
Compensation
Our compensation philosophy reflects several principles. We strive to provide a competitive compensation package to attract and retain talent globally. We pay for performance, and reward sustainable results.
Total pay for this position comprises base pay and bonus. The anticipated base salary range for this role is between $195,000 and $280,000. Bonuses, which may form a meaningful proportion of the total pay package, are determined based on company and individual performance.
Learn more about our Investment Services Private Markets here: https://gic.careers/departments/investment-services-private-markets/
