At a Glance
- Tasks: Oversee hedge fund US tax compliance and provide expert consulting to clients.
- Company: Join EY, a global leader in financial services with a diverse and dynamic team.
- Benefits: Competitive salary, professional development, and opportunities for global networking.
- Other info: Collaborative environment with opportunities to mentor junior staff and manage cross-border teams.
- Why this job: Make a real impact in the financial services industry while building your career.
- Qualifications: US CPA or Enrolled Agent license and extensive tax experience required.
The predicted salary is between 59400 - 72600 £ per year.
At EY, we’re all in to shape your future with confidence.
We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.
Join EY and help to build a better working world.
The Opportunity
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.
For this opportunity, we are looking for an experienced Hedge Fund Tax Manager to join our team!
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 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
- Positive attitude and willingness to be a team player.
- Excellent time and project management skills.
- Maintain a strong understanding of commerciality.
- Proficiency in securities analysis for non-475 funds, including wash sales, straddles, debt, swaps, and other analysis required to compute a hedge fund’s US taxable income.
- Ability to resolve technical issues and ad-hoc advisory queries.
- Practical understanding of hedge fund partnership allocations including revaluation accounts/aggregation.
- Extensive working knowledge covering 475 funds, including preparation and review of tax capital allocations.
- Experience advising clients on the US tax impact of various trading strategies and fund structures, as well as US tax elections.
- To qualify for the role, you must have
- US CPA license or Enrolled Agent license.
- Knowledge of corporate and international tax returns and related US tax laws.
- Extensive experience in preparing and reviewing partnership tax returns and Schedules K-1/3.
- Understanding of risk management.
- Practical experience with hedge fund securities analysis and allocations.
- 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.
- Experience managing a client engagement and own the process.
- Knowledge of a hedge fund US tax preparation software.
- Knowledge of common management company structures and their US tax considerations.
- 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.
- Experience in managing engagement budgets, fees and planning resources.
- Experience with research, analysis and drafting of technical memos.
- EY | Building a better working world
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions.
Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
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US Tax Manager, Hedge Fund employer: EY
EY is an exceptional employer that fosters a collaborative and innovative work culture in Birmingham, providing employees with the opportunity to lead complex tax engagements for prestigious multinational clients. With a strong emphasis on professional development, EY offers extensive training and growth opportunities, ensuring that you can advance your career while making a meaningful impact in the dynamic field of corporate tax.
StudySmarter Expert Advice🤫
We think this is how you could land US Tax Manager, Hedge Fund
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like EY. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace US Tax Manager, Hedge Fund
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to EY.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on EY's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at EY
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with EY.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at EY will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former EY employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
