BFIM Overview:
Boston Financial Investment Management, LP is one of the largest multi-family investment managers of affordable housing in the U.S. The firm specializes in affordable housing tax credit investment syndication and asset management. Founded in 1969, our company has focused on providing exceptional client service to its investors and developer partners and has built one of the most experienced management teams in the industry. At Boston Financial we work side by side with investors and developers to make successful LIHTC investments in high quality assets that create safe and attractive affordable housing opportunities in urban and rural communities across the US.
Boston Financial has invested over $13.1 billion of equity in LIHTC properties since 1986 and currently manages a $7.3 billion portfolio comprising over 1,150 properties and 114,000 units, making us one of the largest and most experienced syndicators in the tax credit industry. Boston Financial is a wholly owned subsidiary of ORIX Corporation USA, a subsidiary of ORIX Corporation, a publicly held company.
OUR MISSION:
Boston Financial's mission is to be the most respected investment manager of affordable housing, as we maximize long-term value for stakeholders and foster a culture of collaboration, fiduciary responsibility, and exceptional client service – values we live every day.
POSITION SUMMARY:
As a Tax Associate you will be part of a team that works in a collaborative, challenging, and supportive environment. You will be responsible for preparing tax work papers, Federal and state tax returns, and internal reporting using Excel workbooks and Boston Financial proprietary software. You will serve as a primary contact for Federal and state taxing authorities as well as others across various company functional groups using your strong communication and problem-solving skills to gather information, address questions, and provide the highest quality service and deliverables. In addition, you will have some tax accounting responsibilities and be responsible for various projects.
This position is located at the Boston Financial headquarters in Boston, MA.
KEY RESPONSIBILITIES:
Meet Investor Service and Investor Limited Partner deliverable requirements, including, providing accurate draft tax return/K1 info during tax season pursuant to an agreed-upon due date schedule for approximately 150 funds.
Prepare tax work papers including partnership allocations and tax basis capital schedules, and maintain our information database.
Prepare Federal and state partnership and corporate tax returns, including state apportionment information for approximately 400 entities, including approximately 2,200 state filings.
Due to the dynamic and cyclical nature of the responsibilities of this position, individuals in this role must be flexible with the ability to work overtime, as required.
Travel required: <10%.
REQUIRED SKILLS & EXPERIENCE:
Bachelor’s degree required, Accounting preferred
0-3 years finance, accounting, or related experience; graduate-level education may count toward experience
Highly motivated and resilient, able to handle cyclical workloads with peak periods of high demand
Ability to interact appropriately, and communicate effectively, with a wide range of individuals including peers, subordinates, senior management, federal and state agents, and others
Ability to anticipate, pivot, adapt, and remain professional through sometimes tense situations
Strong verbal and written communication skills
Curious with the desire to continuously learn
Ability to work effectively independently and as a team member
Ability to balance multiple projects and meet firm deliverable deadlines
Keen attention to detail
Highly developed organizational skills
Strong and pro-active problem-solving skills
Proficiency with MS Office: Outlook, Word, Excel
PREFERRED SKILLS:
Financial and/or tax reporting experience
Understanding of general accounting principles
Basic project management skills
General tax return preparation and tax accounting experience (public preferred)
Federal and state “partnership” tax return preparation experience
Multi-state tax return preparation experience
Real estate and/or LIHTC tax return preparation experience
RIA One Source software experience
Annual base salary gross: $60,000 - $70,000 (MA only). The base salary range represents the estimated low and high end of ORIX’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of ORIX’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits. Please visit our Benefits page for additional information.
Life at ORIX
We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance.
You Time
We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.
Family Care
Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.
Flexible Work Arrangements
ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.
Boston Financial Investment Management, LP and its parent company, ORIX USA, is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.