At a Glance
- Tasks: Oversee hedge fund US tax compliance and provide expert consulting on tax legislation.
- Company: Join EY, a global leader in financial services with a diverse and dynamic team.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Collaborative environment with opportunities to mentor junior staff and lead cross-border teams.
- Why this job: Make a real impact in the financial services industry while working with top-tier clients.
- Qualifications: US CPA or Enrolled Agent license, experience in hedge fund taxation, and strong project management skills.
The predicted salary is between 60000 - 80000 € 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.
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.
- 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.
- 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, Enrolled Agent license, or in the process of pursuing such qualification.
- 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.
- 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.
- 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.
US Tax Senior, Hedge Fund employer: EY
At EY, we pride ourselves on fostering a collaborative and inclusive work culture that empowers our employees to thrive. As a US Tax Senior in our London-based Financial Services Organization, you will benefit from unparalleled professional development opportunities, working alongside a diverse team of experts dedicated to delivering top-tier tax services to leading clients in the asset management sector. Join us to not only advance your career but also contribute to building a better working world.
StudySmarter Expert Advice🤫
We think this is how you could land US Tax Senior, Hedge Fund
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the financial services industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings at EY or other firms.
✨Tip Number 2
Prepare for those interviews! Research EY’s culture and values, and think about how your experience aligns with their mission to build a better working world. Practice common interview questions and be ready to discuss your expertise in hedge fund taxation and compliance.
✨Tip Number 3
Show off your skills! If you’ve got any relevant projects or case studies, bring them to the table during interviews. Demonstrating your knowledge of US tax legislation and hedge fund structures can really set you apart from the competition.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at EY and contributing to their dynamic FSO group.
We think you need these skills to ace US Tax Senior, Hedge Fund
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the US Tax Senior role. Highlight your experience with hedge funds, tax compliance, and any relevant qualifications like your CPA or Enrolled Agent license. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit for our dynamic FSO team. Keep it engaging and personal – we love to see your personality come through!
Showcase Your Team Spirit:Since we value teamwork, make sure to mention any experiences where you've successfully collaborated with others. Whether it's coaching junior staff or managing cross-border teams, let us know how you contribute to a positive team environment.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at EY
✨Know Your Tax Stuff
Make sure you brush up on US tax legislation, especially as it relates to hedge funds. Be ready to discuss specific tax compliance issues and how they impact asset management clients. This shows you're not just familiar with the basics but can dive deep into the complexities of the role.
✨Show Off Your Team Spirit
EY values a positive attitude and teamwork. Prepare examples of how you've successfully collaborated with others, especially in managing cross-border teams or coaching junior staff. Highlighting your ability to work well with diverse teams will resonate with their culture.
✨Master the Technical Skills
Familiarise yourself with securities analysis for non-475 funds and hedge fund partnership allocations. Be prepared to discuss your experience with Go Systems tax preparation software or similar tools. Demonstrating your technical prowess will set you apart from other candidates.
✨Practice Explaining Complex Concepts
You’ll need to liaise with non-tax stakeholders, so practice explaining US tax concepts in simple terms. Think of scenarios where you've had to break down complex information for clients or colleagues. This will show your communication skills and ability to make tax matters accessible.
