Finance - Tax - Associate

About the role

You oversee tax compliance for funds, owning complex calculations and filings while coordinating with treasury and legal. You translate regulatory changes into accurate reports and controls. This role demands disciplined judgment when handling hedge and mutual fund tax positions.

Key facts

What you'll do

Setting schedules with external vendors to meet annual tax delivery requirements.

Building reconciliation schedules and detailed workpapers that support accurate filings.

Drafting responses to investor tax inquiries with clear, well-documented explanations.

Examining federal and state returns such as Form 1065, Form 1120-RIC, and Form 8613.

Navigating international filings including Form 1042-S, FBAR, and PFIC statements for accuracy.

Preparing estimates and scenario models when leadership requests specific tax outcomes.

Reviewing taxable income adjustments, wash sales, and constructive sales for compliance.

Updating review procedures to reflect new regulations and evolving fund structures.

Verifying mutual fund tests, including annual gross income and asset diversification checks.

Partnering with treasury, legal, and operations to resolve open compliance and reporting issues.

Requirements

You must know U.S. taxation rules for hedge funds in depth.

You must know U.S. taxation details for mutual funds or quickly master them.

You must understand financial instruments and their U.S. tax treatment.

You must handle multiple priorities while staying organized and precise.

Nice to have

Knowledge of UCITS, RICs, and Master-Feeder structures if present in documentation.

Skills & tools

Data analysis; tax compliance; regulatory reporting; workpaper preparation; reconciliation.

Practical notes

India location; standard business hours; no travel required; visa sponsorship details handled separately.

About AQR Capital Management

AQR is a global investment management firm that provides investment management services to pooled investment vehicles including hedge funds, mutual funds, European funds known as UCITS, and separately managed accounts. The firm was established in August 1998 and engages in trading equities, fixed income, currencies, commodities, and derivatives across the globe. AQR employs long/short equity, arbitrage, global macro, alternative investments such as absolute return and total return strategies, and multi-style approaches to execute its trades. Clients include institutional investors like pension funds, insurance companies, endowments, foundations, and sovereign wealth funds, as well as financial advisors and high net worth individuals. These clients can invest through various AQR fund complexes and structures, including Master-Feeder structures, RICs, and UCITS, or through separately managed accounts. The firm currently manages close to 200 legal entities for these different fund structures.

The AQR Tax Team is a globally integrated function with professionals located across the United States, the United Kingdom, the Philippines, and India. The team plays a critical role in managing the firm's global tax compliance, reporting, and advisory responsibilities, supporting a wide range of investment vehicles and legal entities. The India tax team forms an important part of this global footprint, contributing to tax compliance, fund reporting, investor reporting, and process efficiency initiatives. In addition to core compliance responsibilities, the team partners closely with colleagues across Finance, Legal, Operations, Business Development, and Investment to ensure alignment on regulatory requirements, support new product and entity launches, and assess the tax implications of evolving business strategies. The AQR Tax Team ultimately reports to the Head of Tax and then to the Chief Financial Officer, and functions as part of the broader Finance department.

With support from fund administrators and Big 4 accounting firms, the AQR Tax department manages the tax compliance function for its investment entities. Fund administrators prepare detailed tax workpapers, while Big 4 firms prepare tax forms, execute filings, and provide advisory support on complex tax and regulatory matters.

Job description

This role is responsible for tax compliance, reporting, and oversight for hedge funds and mutual funds.

Your Role

You review taxable income calculations and related tax adjustments such as wash sales, straddles, constructive sales, and other book-to-tax differences. You review hedge fund tax allocations, including tax transfers, and fill-up and fill-down special allocations. You review Schedules K-1/K-3 along with the required statements and footnotes. You review mutual fund-specific items such as year-end distributions, shareholder reporting, annual gross income tests, and asset diversification tests. You review federal and state tax returns and related forms, including Form 1065, Form 1120-RIC, Form 8613, and Form 8621. You review international tax filings such as Form 1042/1042-S, FBAR, Form 8865, Form 5471, and PFIC statements. You manage relationships with external tax vendors to ensure compliance with annual tax delivery calendars and timely submission of deliverables. You prepare reconciliation schedules and supporting workpapers to facilitate tax reviews. You address investor tax inquiries by providing reconciliations and well-documented responses. You develop scenario analyses and models in response to ad-hoc requests from internal and external stakeholders. You collaborate with fund treasury, legal, operations, and other internal teams to resolve tax reporting and compliance matters. You review annual tax estimate workpapers for hedge funds and mutual funds. You maintain and update review procedures to capture current tax developments and changes. You navigate and analyze tax data to deliver accurate reporting solutions for internal and external stakeholders.