Associate, Partnership Tax

About the role

This Associate role is centered on partnership tax compliance within Galaxy Digital's asset management funds and other partnership structures. The work involves preparing and reviewing tax workpapers, managing Schedule K-1 reporting, and coordinating with both internal finance teams and external tax advisors. A key part of the role is ensuring accurate tax compliance for various entities under the company's umbrella.

The position also supports broader tax compliance efforts for Galaxy's holding and operating partnerships, including calculating estimated TRA payments and tracking IRC 704(c) layers for digital assets. Day-to-day operational tasks, such as responding to notices and maintaining tax files, are also part of the responsibilities. The role requires collaboration with outside tax counsel on strategic business initiatives.

Success in this role means effectively managing tax compliance processes, contributing to quarterly income allocations, and staying current with evolving digital asset and blockchain landscapes. The ability to leverage AI tools for productivity and decision-making is also encouraged, reflecting the company's forward-looking approach to technology in financial operations.

The salary for this position ranges from $130,000 to $150,000 annually, in addition to a discretionary bonus.

Skills that matter here

• partnership tax: This is a core skill for managing compliance, preparing workpapers, and understanding tax laws relevant to partnership entities.
• compliance: The role directly involves managing tax compliance for various funds and entities, ensuring adherence to regulations.
• asset management: Experience in this area is required for understanding the specific tax implications of fund-of-fund investments and digital assets.
• financial services: Background in this sector is beneficial for navigating the regulatory and operational landscape of the company's business.
• Microsoft Excel: Proficiency in Excel is necessary for preparing tax workpapers, tracking data, and performing various financial analyses.

Who this role suits

• A person with 4+ years of progressive partnership tax experience, ideally from a public accounting firm or private industry.
• Someone who possesses a firm understanding of partnership tax laws and principles, with a CPA license.
• An individual capable of working independently while also thriving in a collaborative, team-oriented environment.
• A professional who is adept at critical thinking and clear communication, able to partner with internal and external stakeholders.

From the employer

What You’ll Do:

• Manage partnership tax compliance for Galaxy’s asset management funds and other partnership entities within Galaxy’s structure, including preparation and review of tax workpapers and Schedule K-1 reporting
• Work closely with members of the Tax and Finance teams
• Coordinate with external tax advisors and fund administrators
• Assist with tax compliance for Galaxy’s holding and operating partnership (“Up-C” structure)
• Help prepare quarterly taxable income allocations
• Track IRC 704(c) layers for digital assets and investments
• Calculate estimated TRA payments
• Help manage day-to-day operational tasks for partnerships tax matters, including but not limited to reviewing and responding to notices, preparing IRS forms, and updating/maintaining organized tax files and workpapers
• Assist with ad hoc projects and perform analysis in connection with business directives and initiatives as the digital asset and blockchain landscape evolves
• Partner with outside tax counsel and Big 4 firms on strategic business and restructuring initiatives
• Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
• Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.

What We’re Looking For:

• 4+ years of progressive partnership tax experience in a public accounting firm (Big 4 preferred) and/or private industry
• Experience in asset/investment management, including fund-of-fund investments, financial services/technology, and/or banking/capital markets
• Firm understanding of partnership tax laws and principles, as well as familiarity with international and corporate tax matters
• Excellent communication and critical thinking skills
• Ability to work independently, but within a team-oriented, collaborative environment
• CPA license required, Master’s in Taxation and/or Juris Doctor a plus
• Bachelor’s Degree in Accounting, Finance, or similar
• Proficiency in Microsoft Excel

Bonus Points:

• Experience with “Up-C” structures and/or IRC 704(c) allocations
• Experience with tracking digital asset and derivative lot data
• Experience with calculating equity straddles and wash sales

What We Offer:

• Competitive base salary and discretionary bonus
• Hybrid/Flexible Working Arrangements
• Flexible Time Off (paid)
• 3% 401(k) company contribution
• Company-paid health and protective benefits for employees, partners, and other dependents
• Generous paid Parental Leave
• Competitive family planning benefits for US employees
• Opportunities to learn about the Crypto industry
• Smart, entrepreneurial, and fun colleagues
• Free daily snacks and weekly breakfasts/lunches
• Employee Resource Groups
• Free coaching and counseling sessions through Headspace