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 diverse team.
- Benefits: Competitive salary, professional development, and a chance to shape the future.
- Other info: Dynamic environment with opportunities for coaching and cross-border teamwork.
- Why this job: Make an impact in the financial services industry while growing your career.
- Qualifications: US CPA or Enrolled Agent license, with experience in partnership tax returns.
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 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.
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, Private Equity 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 unparalleled professional development opportunities, mentorship from industry leaders, and the chance to work with a diverse team of experts dedicated to delivering exceptional tax services to top-tier clients. 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, Private Equity 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 to reach out 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 them you’re not just another candidate; demonstrate your passion for building a better working world and how you can contribute to their mission.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the role of US Tax Senior in Private Equity. Keep it concise and engaging – you want to leave a lasting impression!
✨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.
We think you need these skills to ace US Tax Senior, Private Equity in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that match the US Tax Senior role. Highlight your expertise in private equity fund taxation and any relevant projects you've worked on.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about the role and how your background aligns with our mission at EY. Share specific examples of how you've tackled complex tax challenges in the past.
Showcase Your Team Spirit:Since we value collaboration, mention any experiences where you've successfully coached or mentored junior staff. This will show us that you're not just a great individual contributor but also a team player.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and get you started on your journey with 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 relates to private equity funds. Be ready to discuss specific tax concepts like partnership allocations and carry waterfalls, as these will likely come up during your interview.
✨Show Off Your Team Spirit
EY values collaboration, so be prepared to talk about your experience working in teams. Share examples of how you've coached junior staff or managed cross-border teams, highlighting your positive attitude and willingness to support others.
✨Master Time Management
With multiple engagements on the go, time management is key. Be ready to discuss how you've successfully coordinated schedules and met deadlines in previous roles. This will show that you can handle the dynamic environment at EY.
✨Communicate Clearly
You’ll need to explain complex tax concepts to non-tax stakeholders, so practice simplifying your explanations. Think of examples where you've done this before, as clear communication is crucial for success in this role.
