PGIM - Vice President, Tax (Hybrid)

Job Classification

Finance & Accounting - Finance & Accounting

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration.

When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

PGIM is the global asset management business of Prudential Financial, Inc. and one of the world's leading investment managers. With approximately $1.5 trillion in assets under management, PGIM serves institutional and individual investors across public and private markets through a broad range of investment strategies, including fixed income, equities, real estate, private credit, multi-asset and alternative investments. Through investment funds, separately managed accounts and customized investment solutions, PGIM helps clients pursue their long-term investment objectives worldwide. PGIM's investment businesses combine deep market expertise, global reach and specialized capabilities to serve pension plans, sovereign wealth funds, insurance companies, financial institutions and individual investors across global markets.

The Vice President, Tax supports PGIM's investment businesses and global investment platforms across multiple asset classes, including private credit and other alternative investments. The role is principally focused on providing technical tax advice and structuring support for investment products, fund structures, cross-border investments, ownership arrangements, carry and co-investment programs, and significant business initiatives across PGIM, with additional responsibility for oversight of related tax compliance and reporting matters.

The individual will combine strong technical tax expertise and sound business judgment with a working knowledge of tax compliance applicable to funds, partnering with investment, business, legal, finance and operations teams to develop practical tax solutions, support implementation and help ensure appropriate reporting and controls. The individual will advise on tax matters arising across PGIM, support the development and implementation of investment products and structures, and coordinate with tax professionals embedded within PGIM businesses and Prudential's broader tax organization. The role will also oversee recurring compliance and reporting activities and review related work prepared by internal teams and external service providers.

The current employee work arrangement for this position is hybrid and requires your on-site presence on a reoccurring basis as determined by your business. Your manager will provide additional details relative to the specific number of days you are expected to be on-site.

What you can expect:

• Technical Tax Support and Structuring

• Provide technical tax support to PGIM businesses on U.S. and international tax matters affecting investment products, transactions and business initiatives.

• Advise on tax-efficient ownership and fund investment structures, including partnerships, REITs, feeder vehicles, rated vehicles, management structures, sidecars and other domestic and international investment vehicles.

• Monitor tax developments affecting PGIM businesses and communicate business implications and recommended actions to stakeholders.

• Support business, legal, product and finance teams on material tax matters, including the development and implementation of new investment products and structures, and coordinate with external advisors as appropriate.

• Advise on special projects involving tax-sensitive transactions, restructurings and regulatory developments.

• Business and Investment Platform Support

• Partner with PGIM investment businesses to identify and resolve tax issues arising in the implementation and ongoing operation of funds, investment programs and strategic initiatives.

• Provide guidance regarding investor-related tax issues, including ECI, UBTI, withholding tax and treaty considerations.

• Coordinate with tax professionals embedded within PGIM businesses across fixed income, real estate, private credit, multi-asset and alternative investment platforms to promote consistent tax positions and efficient delivery of tax advice across the organization.

• Advise on the tax requirements and operational controls needed to implement and maintain tax-sensitive investment products, structures and business initiatives.

• Participate in business planning and early-stage concept development discussions, helping evaluate the tax implications and feasibility of potential new funds, products, investment strategies and market opportunities.

• Review fund documentation, management agreements and other documents from a tax perspective.

• Support business teams in responding to investor, counterparty and stakeholder tax inquiries.

• Participate in investor diligence discussions and support tax-related aspects of investor communications.

• Collaborate with business, legal, finance and operations teams to translate tax advice into governance, documentation, reporting and operational requirements for tax-sensitive structures and initiatives.

• Carry, Co-Investment and Specialized Tax Programs

• Serve as the tax lead for employee co-investment and carried interest programs across PGIM businesses.

• Advise on the structuring, implementation and ongoing operation of carry and co-investment vehicles, as well as phantom carry and co-investment arrangements.

• Oversee tax reporting, partnership allocations and related matters affecting employee-investor programs.

• Coordinate with finance teams, service providers and external advisors regarding implementation and ongoing administration.

• Evaluate the tax consequences of changes to existing carry, co-investment and employee-investor arrangements, including changes in participants, allocations, investments, local law and governing terms.

• Support global carry and co-investment programs and develop a working knowledge of foreign tax considerations affecting those structures.

• Additional Tax Compliance, Reporting and Special Projects

• Coordinate and oversee recurring tax compliance processes affecting PGIM funds and related entities, including partnership tax compliance, investor reporting, withholding, information reporting, filing calendars and related deliverables.

• Review and advise on partnership tax returns, Schedules K-1, allocation workpapers, withholding calculations, state and local filing positions and partner reporting prepared by service providers; identify issues and recommend corrections or further analysis.

• Advise on FATCA/CRS classifications, registrations, certifications, reporting and related governance for applicable PGIM and Prudential entities, coordinating with business teams, administrators and external advisors

• Assist in developing and enhancing tax-related processes, controls and governance frameworks supporting PGIM businesses.

What you will bring

• Bachelor's degree in Accounting, Finance, Taxation or a related field.

• Approximately 6–10 years of relevant experience in partnership taxation, investment management taxation, international taxation or financial services taxation.

• Deep knowledge of U.S. federal income tax rules applicable to partnerships, investment funds, real estate, private markets and cross-border investment structures, including withholding, treaty eligibility and entit