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.

Minimum 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,
• 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.

When applying, the document(s) MUST be uploaded via the My 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

http://mybenefits.nfp.com/UChicago/benefits-guide/Benefits Guidebook

[http://mybenefits.nfp.com/UChicago/benefits-guide/].

[http://mybenefits.nfp.com/UChicago/benefits-guide/]

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.

[http://www.uchicago.edu/about/non_discrimination_statement/]

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.

[http://uchicago.service-now.com/services?id=services_sc_cat_item_request&sys_id=8ff79243dbe91c1029f52ad94b961946]

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

[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.