Tax Analyst, Investment Office

Department F&A FIN - Tax Accounting About the Department Finance and Administration (F&A) aims to provide the services and support needed to foster an environment of academic and research excellence at the University of Chicago. We are dedicated to collaborative partnerships with our colleagues and customers that lay the foundation for an exemplary service delivery process. Being fully aligned with the strategic and academic priorities of the University, each of the departments within F&A is tasked with implementing the processes necessary to achieve lasting excellence.

Job Summary Reporting to the Tax Manager in Financial Services, this Tax Analyst sits in the University’s Investment Office and owns the tax data that feeds the Form 990-T. The day-to-day work centers on tracking K-1s, computing federal and state tax liabilities, maintaining investment related tax records, and preparing tax disclosures. The Tax Analyst serves as one of the University’s representatives to external fund managers and advisors on all tax data matters.

###Responsibilities### Monitors the receipt of Schedules K-1 from the University's investment partnerships and funds. Reviews K-1s for items relevant to unrelated business taxable income (UBTI) and net investment income (NII). Reconciles K-1 data against internal investment records and follows up with fund managers and administrators for clarification.

Computes UBTI from partnership activities, including debt-financed income and other items reportable on the 990-T. Applies the UBTI siloing rules to separately track income and loss by trade or business. Maintains silo-by-silo net operating loss records.

Computes the NII for purposes of the excise tax on certain private university endowments (Form 4720). Tracks the components of NII across the investment portfolio. Maintains and updates the tax basis of all investments across the portfolio, tracking capital contributions, distributions, and adjustments.

Serves as the University's primary point of contact with external fund managers, fund administrators, and tax advisors for gathering and analyzing tax data. Works with the University's custodian bank on tax reporting for daily valued investments. Captures key information for new investments, including entity treatment for U.

S. tax purposes, domicile, and tax reporting provided by the fund, to ensure accurate and comprehensive tax reporting. Prepares international informational filings related to the investment portfolio, including Forms 5471, 8865, 8858, 926, and 8621.

Conducts Subpart F income and GILTI calculations. Prepares schedules, workpapers, and supporting documentation that feed into the Form 990-T. Works with the Tax Manager and external tax preparers during the filing process.

Works alongside the Investment Office team day-to-day to understand portfolio activity, new fund commitments, dispositions, and other transactions with tax implications. Prepares miscellaneous state income and franchise tax returns arising from the University's investment activities, including returns triggered by fund allocations of state-source income. Assists with other investment-related tax compliance as assigned.

Keeps up with changes in tax law affecting tax-exempt organizations, partnership taxation, and international taxation. Participates in special projects as requested by management. Performs a variety of operating or cost accounting activities which require moderate knowledge of accounting theories and principles.

Interprets accounting records for the purpose of determining gains and losses, receipts and disbursements, and inventory. Performs other related work as needed.

###Qualifications### Education: Minimum

###requirements### include a college or university degree in related field. Work Experience: Minimum

###requirements### include knowledge and

###skills### developed through 2-5 years of work

###experience### in a related job discipline. Certifications: --- Preferred

###Qualifications### Education: Master’s degree in accounting (MSA), taxation (MST), or MBA with a concentration in accounting. Experience: At least two years of professional

###experience### in tax compliance, public accounting, or in an in-house tax department. Previous work in a university, endowment, or institutional investment environment. Partnership tax and/or international tax

###experience### is strongly preferred. Certifications: CPA or CPA-eligible; Enrolled Agent (EA) also valued. Technical

###Skills### or Knowledge: Exposure to alternative investments and endowment-related tax matters. Understanding of alternative investments and K-1 analysis. Familiarity with UBTI concepts, Form 990-T, or Form 4720.

Exposure to international informational filings (Forms 5471, 8865, 8858, 926, 8621) and Subpart F or GILTI calculations. Familiarity with UBTI rules, the siloing rules and related NOL tracking, and the NII excise tax. Understanding of tax software, including K-1 aggregation software.

Strong proficiency with Excel. Comfortable reading and interpreting the Internal Revenue Code, Treasury Regulations, IRS form instructions, revenue rulings, and revenue procedures. Application Documents Resume/CV (required) The University of Chicago uses AI-assisted tools to streamline and augment some recruitment processes; however, AI is not used to make hiring decisions.

###Experience### page, in the section titled Application Documents of the application. Job Family Financial Management Role Impact Individual Contributor Scheduled Weekly Hours 37. 5 Drug Test Required No Health Screen Required No Motor Vehicle Record Inquiry Required No Pay Rate Type Salary FLSA Status Exempt Pay Range $72,000.

00 - $93,500. 00 The included pay rate or range represents the University’s good faith estimate of the possible compensation offer for this role at the time of posting.

###Benefits### Eligible Yes The University of Chicago offers a wide range of

###benefits### programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the

###Benefits### Guidebook. Posting Statement The University of Chicago is an

###equal opportunity### employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form. All offers of employment are contingent upon a background check that includes a review of conviction history. A conviction does not automatically preclude University employment.

Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position. The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information.

The Report can be accessed online at: http://securityreport. uchicago. edu.

Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637. The University of Chicago is an urban research university that has driven new ways of thinking since 1890.

Our commitment to free and open inquiry draws inspired scholars to our global campuses, where ideas are born that challenge and change the world. We empower individuals to challenge conventional thinking in pursuit of original ideas.

###skills### in our rigorous, interdisciplinary core curriculum. Through graduate programs, students test their ideas with UChicago scholars, and become the next generation of leaders in academia, industry, nonprofits, and government. To learn more about the university click here http://www.uchicago.edu/