At a Glance
- Tasks: Oversee hedge fund US tax compliance and contribute to tax consulting projects.
- Company: Join EY, a leader in global financial services with a diverse team.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborate with a global team and coach junior staff for growth.
- Why this job: Make an impact in the financial services industry while building your career.
- Qualifications: US CPA or Enrolled Agent license, experience in hedge fund taxation.
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.
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 Tax Senior, Hedge Fund in London employer: FP&A
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 extensive professional development opportunities, mentorship from seasoned experts, and the chance to work with a diverse team of over 50 tax professionals. Join us to not only advance your career but also contribute to building a better working world in the dynamic financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land US Tax Senior, Hedge Fund in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to current EY employees on LinkedIn. A friendly chat can open doors you didn’t even know existed!
✨Tip Number 2
Prepare for those interviews by brushing up on your US tax knowledge and hedge fund specifics. We want to see your passion for the role, so practice explaining complex concepts in simple terms. Remember, it’s all about showing how you can add value to the team!
✨Tip Number 3
Don’t forget to showcase your teamwork skills! EY values collaboration, so share examples of how you’ve successfully worked with others in the past. Whether it’s coaching junior staff or managing cross-border teams, let us know how you thrive in a team environment.
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest opportunities there, so keep checking back for new roles that match your skills and interests.
We think you need these skills to ace US Tax Senior, Hedge Fund in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your expertise in US tax compliance and hedge fund structures to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about joining EY and how your background aligns with our mission. Share specific examples of your experience in the financial services industry to make it personal.
Showcase Your Team Spirit:We love team players! In your application, mention any experiences where you've successfully collaborated with others or coached junior staff. This will show us you’re a great fit for our dynamic environment.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensure you’re considered for this exciting opportunity.
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 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 teamwork, so be prepared to share examples of how you've successfully collaborated with others in past roles. Highlight any experience you have in coaching junior staff or managing cross-border teams, as this will demonstrate your ability to lead and support others.
✨Master the Technical Skills
Familiarise yourself with Go Systems tax preparation software or similar tools. Be ready to discuss your experience with partnership tax returns and Schedules K-1/3. Showing that you have hands-on experience with these technical aspects will set you apart from other candidates.
✨Prepare for Practical Scenarios
Think about real-world scenarios where you've had to explain complex US tax concepts to non-tax stakeholders. Practice articulating these situations clearly and concisely, as this will demonstrate your ability to communicate effectively and make tax matters understandable for clients.
