Director, Tax at T. Rowe Price in Baltimore, Maryland

Job Description:

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

About this Position

We are seeking an adaptable and innovative tax director to lead the expansion of our private equity investment strategy beyond the investments held by our traditional vehicles such as mutual funds.  This position will support the launch and ongoing maintenance of a typical private equity fund and upper tier structure to expand our distribution to sophisticated institutional and high net-worth investors.

You will lead the tax function with respect to our private equity business, work closely with the CFO to build and maintain the support structure for the new distribution channel, and provide a tax perspective on deal structure and documentation.  You will develop strong relationships with key investment and operational personnel and support our business as a tax resource in client meetings.  We utilize a tax service provider for compliance and consulting, and you will own all aspects of the oversight of the external tax service provider.

Role Summary

Works with senior management roles to ensure that the appropriate private equity tax strategy, policies, methods, standards, processes, reporting, and training are developed, applied, and understood. Maintains extensive knowledge of tax processes and in-depth knowledge of tax support requirements. Oversees external tax service provider and directs their work.

Responsibilities

• Influences the establishment of an organizational tax strategy that alleviates or reduces tax burden while minimizing regulatory and audit risk. Leverages extensive private equity tax knowledge and experience to establish a strategic path for the achievement of business objectives.


• Oversees the external tax service provider’s preparation of various tax returns.


• Performs complex research, analysis, and interpretation of the tax law, regulations, and cases to provide senior management with recommendations and opinions by applying tax concepts.


• Oversees, mentors, and trains junior tax staff on private equity tax law, reporting, accounting, and compliance matters.

Qualifications

Required:

• Bachelor's degree AND


• 10+ years of total relevant work experience

Preferred:

• Expertise in private equity tax research, planning, and compliance


• Experience interacting with sophisticated investors and their tax consultants


• Advanced degree such as Masters of Tax, JD or LLM


• CPA, CFA or licensed attorney

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$140,000.00 - $239,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$154,000.00 - $264,000.00 for the location of: Washington, D.C.
$175,000.00 - $299,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.   

Featured employee benefits to enrich your life:   

• Competitive compensation  

• Annual bonus eligibility  

• A generous retirement plan  

• Hybrid work schedule  

• Health and wellness benefits, including online therapy  

• Paid time off for vacation, illness, medical appointments, and volunteering days  

• Family care resources, including fertility and adoption benefits  

Learn more about our benefits.  

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.