Role Overview
We are seeking a highly skilled, licensed Certified Public Accountant (CPA) in Puerto Rico to manage the comprehensive financial and tax affairs for a High-Net-Worth Individual (HNWI) and their associated Puerto Rico-based LLC.
The ideal candidate will be an expert in the complexities of the Puerto Rico Internal Revenue Code and have a deep understanding of local tax incentives (e.g., Act 60). You will serve as a strategic advisor, ensuring full compliance while optimizing tax positions for both the individual and the business entity.
We prioritize enthusiasm and passion over traditional โBig Fiveโ experience.
Key Responsibilities
1. Puerto Rico Tax Compliance & Strategy
- Prepare and file all Puerto Rico individual income tax returns (Form 482) for high-net-worth family
- Manage tax filings for Puerto Rico LLCs, including informative returns and partnership filings where applicable.
- Ensure compliance with Act 60 (formerly Act 20/22) requirements, including annual reports and maintaining the tax exemption decree.
- Oversee municipal tax requirements, including Patente Municipal (Volume of Business Tax) and CRIM (Property Tax).
2. Accounting & Financial Management
- Maintain accurate books and records for the LLC in accordance with GAAP or tax-basis accounting.
- Perform quarterly and year-end closings, providing detailed financial statements.
- Manage cash flow forecasting and personal financial statements for the individual.
- Coordinate with external auditors or legal counsel as necessary.
3. Strategic Advisory
- Provide proactive tax planning to minimize liabilities across PR and Federal jurisdictions (where applicable).
- Advise on the tax implications of local investments, real estate transactions, and cross-border income.
- Monitor changes in Puerto Rico Department of the Treasury (Hacienda) regulations and advise on impact.
Required Qualifications & Skills
- Licensure: Active CPA license in Puerto Rico (Colegio de Contadores Pรบblicos Autorizados de Puerto Rico) is mandatory.
- Experience: Minimum of 2โ4 years of experience in tax accounting, specifically working with HNWIs and Puerto Rico business structures.
- Regulatory Expertise: Deep fluency in the Puerto Rico Internal Revenue Code and the PR Incentives Code (Act 60).
- Technical Skills: Proficiency in PR-specific tax software (e.g., Expert Tax, SURI platform) and accounting software (QuickBooks, Xero, or similar).
- Communication: Bilingual in English and Spanish is required, with the ability to explain complex PR tax laws to stakeholders.
- Integrity: Absolute discretion and confidentiality regarding personal and business finances.
Company Description
Sun West Mortgage Company, Inc. is an Equal Opportunity Employer. The company and its affiliates recruit and hire qualified candidates without regard to race, religion, color, sex, sexual orientation, gender, gender identity, age, national origin, ancestry, citizenship, veteran or disability status, medical condition, marital status, or any other factor prohibited by federal, state, provincial, and municipal laws.