Tax Manager - Financial Services - Wealth and Asset Management - Open US location

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.  

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 and Insurance. 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! 

 

The opportunity 

EY’s FSO tax practice provides comprehensive and specialized tax assistance tailored to the unique needs of the asset management industry. You would join our tax professionals who are knowledgeable and experienced with varied and specialized facets of hedge fund, private equity fund and mutual fund taxation, including fund and organizational structuring, tax minimization planning, on-call advice, and tax compliance. 

 

Your key responsibilities 

As a manager in our Wealth & Asset Management practice, you will be responsible for managing and coordinating tax compliance and advisory work for clients. You would work on key client issues in domestic federal, international and state and local taxation with a focus on implementing tax strategies that align with the client's business objectives.  You will manage tax compliance accounts for hedge funds and or private equity funds.  You will review extensive securities analysis, make appropriate tax adjustments, and provide sign-off for the production and delivery of K-1’s and partnership tax returns.  You will be responsible for reviewing partnership agreements and private placement memorandums for tax implications of items such as book and tax allocations, stuffing provisions, management and incentive fees as well as run the day to day activities on the accounts that are spread across various locations.  

 

Skills and attributes for success 

• Solid technical knowledge - you will have to review partnership book/tax allocations including aspect such as incentive fee re-allocation, side pocket, transfer partnership interest, fill up/down 

• The ability to teach or assist in firm in - house trainings 

• Ability to analyze trading reports for tax character and book tax differences, such as wash sales, constructive sales, straddles, and other securities issues. 

• Build impactful relationships with new and existing clients and maintain relationship with firm leadership 

• Create a positive and trusting environment where team members know each other and feel a part  of their team 

• Able to identify key tax technical issues and raise the appropriate questions before the work is sent for review to the partner or senior manager – and consult when necessary 

 

To qualify for the role you must have 

• A Bachelor's degree and a minimum of 5 years of related work experience; or an advanced degree in tax or law and a minimum of 4 years of related work experience  

• CPA license or a licensed Attorney is required or the ability to achieve either within a one year from hire date 

• A minimum of 5 years of relevant tax experience or equivalent experience in the financial services industry  

• Familiarity with the financial services industry gained through direct involvement with managed investment vehicles  

• Broad exposure to federal income taxation and exposure to state and local tax 

• Ideally, you’ll also have 

• Excellent managerial, leadership, organizational, and verbal/written communication skills  

• Demonstrated skills in mentoring and training others 

 

What we look for 

Hard working team player who is comfortable partnering with others as well as working independently.  Detailed oriented performer who can multi-task and meet deadlines.  Open mindedness and creative solutions to the job every day. 

  What we offer   We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your perf