Financial Services - US Global Compliance & Reporting - Hedge Funds Tax Manager (124261)
Job Details
Full Job Description
EY’s Financial Services (FS) Tax practice provides tax
advisory, transactions and compliance services to a variety of clients
in the Financial Services market ranging from some of the world's
largest multinational institutions, corporations and funds.
The US tax compliance team, which sits within the EMEIA Wealth &
Asset Management practice, continues to experience growth due to
strong client demand from European asset managers with US investors
and/or US activity.
The opportunity
Our
London based team of US-qualified tax professionals is a growing
practice of 50+ individuals focused on providing exceptional client
service to the asset management industry including hedge funds, debt
funds, private equity funds and real estate funds and their management
companies.
The team is highly dynamic and is looking for
motivated, energetic and collaborative individuals to join the US team
in London. The team is looking for managers, specifically with hedge
fund experience, to help grow the team in the year ahead.
Your key responsibilities
The role will
primarily involve overseeing hedge fund US tax compliance engagements
for clients with appropriate consideration of risk, operational, and
tax technical issues. Researching US tax legislation and explaining
the impact to asset management clients will be required as part of
contributing to tax consulting projects. You will be working in a
dynamic environment and you will be expected to coach junior staff
members (both onshore and offshore) and share your knowledge and
experience with the entire team. You will also be expected to
coordinate multiple engagement teams’ schedules and deadlines.
Skills and attributes for success
- Positive attitude and willingness to be a team player.
- Excellent time and project management skills.
- Proficiency in partnership allocations and an understanding of private equity carry waterfalls.
- A practical understanding of international tax concepts such as PFICs, CFCs, and foreign information reporting (Form 926, Form 8865, Form 8621, Form 5471, etc.)
- Experience advising clients on the US tax impact of investment and fund structures, as well as US tax elections.
- Proficiency in juggling multiple priorities while managing internal and external stakeholders.
- Willingness and ability to learn new concepts with minimal guidance.
- Enthusiasm for coaching and developing team member
To qualify for the role, you must have
- Current CPA, EA or equivalent qualification or Degree / Master’s degree in accounting or taxation (or equivalent).
- Extensive experience in preparing and reviewing partnership tax returns and Schedules K-1.
- Extensive experience with computing taxable income and partnership allocations for private equity funds.
- Knowledge of international tax returns and related US tax laws.
- In-depth knowledge of Go Systems tax preparation software or similar system.
Ideally, you’ll also have
- Ability to manage large scale fund compliance projects involving 5,000+ hours, multiple funds/deliverables, and cross-border teams of 10+ individuals.
- Ability to liaise directly with non-tax stakeholders at your clients to explain US tax concepts at a practical level.
- Background in financial services, ideally working with hedge funds in a US tax capacity.
- Experience in delivering technical and soft skills training to junior team members.
What we look for
We’re interested to hear
from highly motivated individuals who are open to expanding their
network and pursuing a medium to long-term career in US tax in London.
We are looking for someone who will fit in well with our energetic and
high-performing team, who has background in private equity funds and
who has excellent client relationship skills.
What
working at EY offers
We offer a competitive
remuneration package where you’ll be rewarded for your individual and
team performance. Our comprehensive Total Rewards package includes
support for flexible working and career development, and with FlexEY
you can select benefits that suit your needs, covering holidays,
health and well-being, insurance, savings and a wide range of
discounts, offers and promotions. Plus, we offer:
- Support, coaching and feedback from some of the most engaging colleagues around
- Opportunities to develop new skills and progress your career
- The freedom and flexibility to handle your role in a way that’s right for you
EY is committed to being an inclusive employer and we
are happy to consider flexible working arrangements. We strive to
achieve the right balance for our people, enabling us to deliver
excellent client service whilst allowing you to build your career
without sacrificing your personal priorities. While our client-facing
professionals can be required to travel regularly, and at times be
based at client sites, our flexible working arrangements can help you
to achieve a lifestyle balance.
About EY
As a global leader in assurance, tax, transaction and advisory
services, we’re using the finance products, expertise and systems
we’ve developed to build a better working world. That starts with a
culture that believes in giving you the training, opportunities and
creative freedom to make things better. Whenever you join, however
long you stay, the exceptional EY experience lasts a lifetime.
If you can confidently demonstrate that you meet the criteria
above, please contact us as soon as possible.
Join us in
building a better working world.
Apply now.
Financial Services - US Global Compliance & Reporting - Hedge Funds Tax Manager (124261)
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