At a Glance
- Tasks: Oversee US tax compliance for private equity funds and guide junior staff.
- Company: Join EY, a global leader in financial services with a diverse team.
- Benefits: Competitive salary, professional development, and a chance to shape the future.
- Other info: Dynamic environment with opportunities for coaching and career advancement.
- Why this job: Make an impact in the financial services industry while growing your career.
- Qualifications: US CPA or Enrolled Agent license and experience in asset management tax.
The predicted salary is between 80000 - 100000 € 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 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
- Proven track record of leading US federal tax compliance work for asset management clients.
- Deep understanding of US tax issues affecting asset managers/executives, funds, holding vehicles, including partnership allocations, carry waterfall, equalization, etc.
- Experience across a range of US tax issues from fund activities such as fund formation, asset acquisitions and disposals, reorganisations, and management structures.
- Experienced as the primary client contact and trusted advisor.
- Committed to high-quality work and effective project delivery.
- Enthusiasm for coaching and developing team members and the ability to teach or assist in firm in-house trainings.
- Professionalism, initiative, and confidence in managing complex engagements.
To qualify for the role, you must have:
- US CPA license, or Enrolled Agent license.
- 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 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:
- 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.
- Knowledge of EMEIA asset management industry structure and entity type and their distinct tax characteristics.
- Asset management industry experience and product knowledge.
- Experience in delivering technical and soft skills training to junior team members.
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.
US Senior Tax Manager, Private Equity Fund in London employer: FP&A
At EY, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation. Our London-based team of tax professionals is dedicated to your growth, providing extensive training and mentorship opportunities while working on complex challenges in the financial services sector. With a commitment to building a better working world, EY not only supports your career aspirations but also encourages a healthy work-life balance and a diverse, inclusive environment.
StudySmarter Expert Advice🤫
We think this is how you could land US Senior Tax Manager, Private Equity Fund in London
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the industry. Attend events, join online forums, and don’t be shy about reaching out to people on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching EY’s values and recent projects. Show us that you’re not just another candidate; demonstrate your passion for building a better working world and how you can contribute to our dynamic FSO team.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the role of Senior Tax Manager. We want to hear how your skills can help us tackle complex challenges in the asset management sector.
✨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 us you’re serious about joining our team at EY.
We think you need these skills to ace US Senior Tax Manager, Private Equity Fund in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience with US tax compliance and asset management. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Expertise:When writing your application, emphasise your deep understanding of US tax issues affecting asset managers. We’re looking for someone who can demonstrate their knowledge in areas like partnership allocations and fund structuring, so make it clear you’ve got the chops!
Be Professional Yet Personable:While we appreciate professionalism, don’t forget to let your personality shine through! We’re a dynamic team, and we value candidates who can communicate effectively and connect with others, especially when explaining complex tax concepts.
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at EY!
How to prepare for a job interview at FP&A
✨Know Your Tax Stuff
Make sure you brush up on US tax legislation, especially as it pertains to private equity funds. Be ready to discuss specific tax issues like partnership allocations and carry waterfalls, as these are crucial for the role.
✨Showcase Your Leadership Skills
Since the role involves coaching junior staff, prepare examples of how you've successfully led teams in the past. Highlight your experience in managing complex engagements and how you’ve helped others grow in their roles.
✨Understand the Client's Needs
Research EY’s client base and the unique challenges they face in the asset management industry. Be prepared to discuss how you can tailor tax solutions to meet those needs and demonstrate your ability to liaise with non-tax stakeholders.
✨Practice Your Communication Skills
You’ll need to explain complex tax concepts in a practical way. Practice articulating these ideas clearly and concisely, as effective communication is key to being a trusted advisor to clients.
