At a Glance
- Tasks: Oversee US tax compliance for private equity funds and coach junior staff.
- Company: Join EY, a leader in global financial services with a dynamic team.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Work with a diverse team and gain exposure to international tax concepts.
- Why this job: Make an impact in the financial services industry while growing your career.
- Qualifications: US CPA or Enrolled Agent license, experience in partnership tax returns.
The predicted salary is between 60000 - 80000 £ per year.
EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing, and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!
Global Compliance Reporting (“GCR”) US is a London based team dedicated to delivering the highest quality US tax services to market‑leading EMEIA based Wealth Asset Management clients. We provide comprehensive and specialized tax assistance tailored to the unique needs of the EMEIA asset management industry. You would join our growing team of 50+ tax professionals from all around the world who are knowledgeable and experienced with varied and specialized facets of hedge fund, private equity fund, real estate fund, credit fund taxation, including fund and organizational structuring, tax minimization planning, on‑call advice, and tax compliance.
Your key responsibilities:
- The role will primarily involve overseeing private equity 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 catering to business needs and be expected to coach junior staff members (both onshore and offshore), and share your knowledge and experience with the team.
- You will also be expected to coordinate multiple engagement teams’ schedules and deadlines.
Skills and attributes for success:
- Understanding of and experience with reviewing partnership allocations, carry waterfall, equalization, etc.
- Experience advising clients on the US tax impact of various fund structures, as well as US tax elections.
- Positive attitude and willingness to be a team player.
- Excellent time and project management skills.
- Enthusiasm for coaching and developing team members.
To qualify for the role, you must have:
- US CPA license, Enrolled Agent license, or in the process of pursuing such qualification.
- Knowledge of partnership and U.S. international tax concepts and related tax laws.
- Experience with analysing US federal tax issues applicable to partnerships, and other flow‑through entities applicable to asset management clients.
- Extensive experience in preparing and reviewing partnership tax returns and Schedules K‑1/3.
- In‑depth knowledge of Go Systems tax preparation software or similar system.
Ideally, you’ll also have:
- Experience managing cross‑border teams of 2‑6 people.
- Ability to liaise directly with non‑tax stakeholders at your clients to explain US tax concepts at a practical level.
- Knowledge of outbound US taxation issues and concepts, e.g. PFIC, CFC, CFP.
- Knowledge of common management company structures and their US tax considerations.
- Asset management industry experience and product knowledge.
- Experience in delivering technical and soft skills training to junior team members.
US Tax Senior, Private Equity in London employer: Ernst & Young
EY is an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation within the Financial Services Organization. With a strong commitment to employee growth, you will have access to extensive training opportunities and the chance to mentor junior staff, all while working in the dynamic financial hub of London. Join us to be part of a team that not only values your expertise but also empowers you to make a meaningful impact in the evolving landscape of asset management.
StudySmarter Expert Advice🤫
We think this is how you could land US Tax Senior, Private Equity in London
✨Join Tax Networks
Get involved in tax-focused networks or associations, like the Chartered Institute of Taxation. These communities often host events and workshops which can help you make connections with industry professionals, plus they might even have job boards exclusive to members.
✨Attend Industry Events
Keep an eye out for tax-related conferences and seminars. Events like these are not only great for learning but also for meeting potential employers face-to-face. Use these opportunities to ask questions and express your interest; it’s all about putting a face to the name!
✨Leverage Social Media
Follow leading tax advisory firms, such as Ernst & Young, on social media. Engage with their posts – comment, share insights, or even ask questions. This can help you get noticed and show your enthusiasm for the industry before you even apply!
✨Showcase Your Knowledge
Consider writing articles or blogs on tax trends and issues. Sharing your expertise on platforms like LinkedIn can boost your visibility and establish you as someone who is serious about a career in tax advisory. Plus, it gives you something to discuss when you land that interview!
We think you need these skills to ace US Tax Senior, Private Equity in London
Some tips for your application 🫡
Show Off Your Tax Knowledge:Make sure your CV highlights any relevant tax qualifications, certifications, or coursework you've completed. We want to see that you understand tax laws, regulations, and compliance issues—so detail your academic background or any practical experience in tax advisory to catch Ernst & Young's eye!
Quantify Your Achievements:In the tax consultancy field, showing measurable outcomes from your previous work can set you apart. Use your CV to include specific examples of how your advice helped clients save money or avoid penalties. Numbers speak volumes in our industry and can really highlight your impact.
Tailor Your Cover Letter:Your cover letter is your chance to express why you're passionate about tax consultancy and why you're excited about working at Ernst & Young. Share any personal experiences or insights that fuel your interest in the tax advisory field—let your enthusiasm shine through!
Keep It Professional but Approachable:While your written application should maintain a professional tone, don’t be afraid to let a bit of your personality show. Tax advisory is about building relationships, so if you can convey your approachable nature in your writing, that's a bonus when applying for this full-time role at Ernst & Young!
How to prepare for a job interview at Ernst & Young
✨Know Your Tax Fundamentals
Brush up on the core principles of tax law, especially recent updates that might affect clients. During the interview, we could face scenario-based questions where we'll need to apply these principles to solve problems, so get comfy with hypothetical situations!
✨Show Your Analytical Skills
Tax advisory isn't just about knowing the rules; it’s about interpreting them. Make sure to prepare examples from your previous studies or experiences where you successfully analysed complex data. We want to demonstrate how we can bring those analytical skills to the table for Ernst & Young.
✨Understand the Consulting Aspect
Since this is a full-time role, the interview might involve discussing how we communicate tax strategies to clients. Think about times we've interacted with clients or presented technical information in a digestible way. This shows we’re not just tax boffins but can also connect with people!
✨Your Long-Term Vision
As we're aiming for a full-time position, it's important to convey our enthusiasm and long-term interest in tax advisory. Be prepared to chat about why we’re passionate about this field and how we see ourselves growing within Ernst & Young. It helps to show our commitment!
