Associate/AVP Investment Tax, Public Markets

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 offices around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Investment Services Private Markets

The Investment Services Private Markets (ISPVM) is responsible for investment services for the private market across the GIC group. It is responsible for providing operations and reporting support to the private market business of GIC as well as budgeting, accounting, payment processing, cash management, tax and financial and management reporting services to all departments, corporate management companies and the global offices of the GIC group. It is involved in deal structuring and closing, transaction processing, administration and accounting of investment holding companies, review of financial controls for asset operations, cash and securities reconciliation, valuation and financial reporting for assets under management.

Tax

The Tax function in ISPVM is responsible for all tax matters relating to the GIC Group and portfolio. GIC seeks to hire an Associate / Assistant Vice President for the Tax function within ISPVM in Singapore. Reporting to the VP, Investment Tax - Public Markets, the individual will predominantly support the Public Markets investments across the globe.

What impact can you make in this role?

You will be part of a team that provides investment services on private equity, real estate, infrastructure, and cross-strategy investments. 

Responsibilities

1. Tax Support to GIC’s Public Markets Investments asset classes

• Deliver early-stage well-rounded tax support when investment teams explore the viability of new opportunities, either via new products or investments. In anticipation of investing into new jurisdictions, facilitates preparatory work with external advisors to determine the availability of tax privileges for GIC and tax structuring alternatives
• Provide timely support to investment teams to ensure tax risks and opportunities are well understood, monitors the quality of final technical advice/opinions, and tax ruling submissions and, if necessary, resolving service issues with advisors
• Maintains tax knowledge pertinent to asset classes that invest across the spectrum of Public Market investments and leverage a network of external advisors to monitor for changes in tax laws and/or administrative practices.  Effectively communicate changes in law to investment teams that could impact current or future investments
• Proactively identify best-in-class tax advisors to support the specific needs of the investment teams. On-board advisors, maintain relationships, and monitor performance to ensure advisors deliver to GIC’s service and value expectations
• Collaborate with investment teams and other corporate services departments to ensure that the on-going tax management of investments across the globe meets GIC’s needs. Identify areas of improvement and recommend pragmatic solutions
• Identify opportunities for efficiencies by leveraging technological tools and solutions to streamline workflows and processes

2. Broader support across tax strategy and tax risk

• Support the Tax team’s work to advance tax strategic initiatives
• Maintain constructive and strong relationships with key government authorities and tax departments of peer organizations
• Build and deliver a balanced program of core training for investment professionals and other departments to increase their tax awareness and enable them to effectively understand tax issues relevant to their department
• Contribute knowledge of GIC’s tax issues to the delivery of tax risk reporting to the Board, management committees, and various internal stakeholders
• Maintain high standards of effective oral and written communications to internal stakeholders to ensure ease of understanding the relevance to the business
• Collaborating with the Enterprise Tax team in interfacing with the Public Markets investment departments to ensure that GIC’s tax compliance obligations are met
• Actively contributes to the Tax team’s knowledge and technology resources, and share ideas/information with peers
• Lead special projects and initiatives for the Tax team

3. Build and maintain strong cross-functional relationships

• Develop, maintain and manage relationships with key individuals within GIC (i.e. Investment Services Public Markets, Legal and Compliance, and other Corporate Services departments) as well as outside of GIC (i.e. Clients, tax advisors and service providers)
• Build and garner the trust and support of investment teams
• Work effectively with colleagues across GIC, tax advisors and service providers
• Promote collaboration and resolution of issues within and across teams

 What qualifications or skills should you possess in this role? 

• At least 5 to 7 years of income tax experience, with international, Public Markets, financial services and/or M&A tax experience
• An accounting/commerce or law degree with tax knowledge and/or holds the Chartered Accountant (CA) designation or comparable professional credentials
• A strong team player who displays teamwork and collaboration
• Demonstrates strong analytical skills, ability to think broadly and strategically, assess a variety of factors and recommend a pragmatic solution
• A strong communicator (written and oral) who is able to adapt own communication style to different audiences. Proven skill to synthesize complex technical concepts into plain language for non-specialist audiences
• Has strong organizational/project management skills and the ability to progress multiples assignments independently and efficiently
• Has excellent attention to detail and consistently high levels of accuracy
• Demonstrates personal initiative, strives to innovate and build best practices, but is highly attuned to the need for practical solutions
• A continuous learner with a growth mindset who stays on top of business trends, tax technical and tax technology changes
• Exemplifies GIC’s PRIME values and strives toward agility, ambition and diversity

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

GIC is an equal opportunity employer, and we value diversity. We do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Learn more about our Investment Services Private Markets Department here:

https://gic.careers/group/investment-services-private-markets/