Belvedere Trading, LLC

Tax Manager

Belvedere Trading, LLC

full-time

Posted on:

Location Type: Hybrid

Location: Chicago • Illinois • 🇺🇸 United States

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Salary

💰 $150,000 - $225,000 per year

Job Level

Mid-LevelSenior

About the role

  • Prepare and review federal, state, and local income/franchise tax returns for the broker-dealer and related entities.
  • Manage preparation and review of Schedules K-1 for partners, ensuring accuracy and timely delivery.
  • Lead preparation of partnership (Form 1065) and corporate (Form 1120) returns, including supporting schedules and workpapers.
  • Oversee quarterly and annual tax provisions, estimated payments, and extensions.
  • Maintain robust documentation for audit and regulatory review.
  • Apply and maintain compliance with Section 475(f) mark-to-market elections.
  • Prepare and reconcile tax reporting for Section 1256 contracts and Section 1092 mixed straddles, ensuring proper application of IRS rules.
  • Identify and document book-to-tax differences from trading activity, including wash sales, options, and derivatives.
  • Monitor legislative and regulatory developments that impact broker-dealer taxation.
  • Advise management on tax-efficient structuring of trading activities and entity-level considerations.
  • Liaise with external auditors, tax advisors, and regulators during examinations and reviews.
  • Improve tax processes, controls, and reporting efficiency.
  • Assist in partnership accounting and intercompany accounting.
  • Month-end close and other recurring accounting team needs.

Requirements

  • Certified Public Accountant (CPA) credential.
  • Minimum 5 years of progressive tax preparation experience, with direct involvement in financial services or broker-dealer clients.
  • Expertise with Section 1256 contracts (60/40 treatment) and Section 1092 mixed straddle rules.
  • Experience with Schedule K-1 preparation and partner allocations.
  • Prior experience with proprietary trading firms or FINRA-regulated entities.
  • Familiarity with guaranteed payments, trader vs. investor distinctions, and allocation of expenses across related entities.
  • Proficiency with GoSystem, CCH Axcess, or similar tax software.
  • Strong knowledge of U.S. federal and multi-state tax law.
  • Excellent analytical, organizational, and communication skills.
  • Ability to manage multiple complex deadlines in a regulated environment.
Benefits
  • Additionally, certain positions at Belvedere Trading are eligible for discretionary bonuses.
  • Our employees have access to a variety of benefits, which can be found on our website here.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
tax preparationincome tax returnsfranchise tax returnsSchedules K-1 preparationForm 1065Form 1120tax provisionsIRS rules compliancebook-to-tax differencestrading activity analysis
Soft skills
analytical skillsorganizational skillscommunication skillsdeadline managementadvisory skills
Certifications
Certified Public Accountant (CPA)