Tax Senior Services Manager - Financial Services Organization - Private Client Services

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.  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.  

This position can be anywhere in the country (Primary: NY)

 

EY is the only professional services firm with a separate business unit ('FSO') that is dedicated to the financial services marketplace. Our FSO teams have been at the forefront of every event that has reshaped and redefined the financial services industry. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team!

 

The opportunity

EY's tax practice provides comprehensive and specialized tax assistance tailored to the unique needs of the Private Tax industry. You would join our tax professionals who are knowledgeable and experienced with varied and specialized facets of individual, trust, gift, estate, foundation and partnership taxation.  Our FSO Private Tax practice clients are ultra high net worth individual clients who have historically amassed their wealth within the asset management (ie hedge and private equity), banking and related financial services industries.

 

Your key responsibilities

As a Senior Manager in our FSO Private Tax practice, you will be responsible for managing and coordinating tax compliance and advisory work for clients. You would work on key partnership 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 oversee Private Tax partnership tax compliance accounts for affiliated ultra high net worth individuals within the hedge and/or private equity fund industry.  This involves the ability to review appropriate tax adjustments and provide final sign off for the production and delivery of K-1's and partnership tax returns.  You will review Partnership Agreements and Private Placement Memorandums for tax implications of items such as book and tax allocations, allocation provisions, management and incentive fees.

 

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 etc.
• Experience in economics of the engagement. Able to organize teams schedule, budget and fees for various clients assigned
• Involvement in teaching or assisting in firm in - house trainings to staff and above; acting as a counselor to our managers and seniors; running teams and accounts that are also outside local office and spread across various locations
• Ability to analyze trading reports for tax character and book tax differences arising from investment partnership interests and/or securities trading activity
• Building impactful relationships with new and existing clients as well as building and maintains relationships with leadership; create a positive and trusting environment
• Ability to identify key tax technical issues and raise the appropriate questions and consult when necessary

 

To qualify for the role you must have

• A Bachelor's degree in Accounting, Finance or Economics and a minimum of 8 years of related work experience; or an advanced degree in tax or law and a minimum of 7 years of related work experience
• CPA license or a licensed Attorney is required
• A minimum of 7 years of relevant tax experience or equivalent experience in business or 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 some exposure to state and local tax

 

Ideally, you'll also have

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

 

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 performance and recognized for the value you bring to the business.  The salary range for this job in most geographic locations in the US i