Business Tax Services - Passthrough Transactions Group (Consulting) - Senior Manager

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. Join us and build an exceptional experience for yourself, and a better working world for all.   The exceptional EY experience. It's yours to build.   EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.  

Location: New York, Washington, Minneapolis, Denver, Dallas, Houston, Los Angeles
 

The Partnership Transactions Group is part of EY’s National Tax Department (NTD) and provides transaction tax planning and tax-related advisory services to public and private national and multinational companies, private equity funds, and asset managers (among others) across a variety of industries including real estate, infrastructure, manufacturing, oil & gas, biotech & pharma, renewables, asset management, and sports & entertainment.

 

The opportunity

Our Partnership Transactions Group (PTG) is made up of professionals with tax technical skills and substantial industry and capital markets experience. We combine seasoned tax partnership and financial instrument knowledge, and an understanding of federal income tax controversy, with economics, finance and modeling skills. Our cross-disciplinary background and approach can help you evaluate risks and benefits from both an economic and tax perspective.

 

Your key responsibilities

Your typical day will involve working directly with Partners/Principals in PTG and other national subject matter professionals, and teaming with and mentoring Staff, Seniors, and Managers in PTG, to advise internal and external clients. You will design and execute complex, large-scale partnership and real estate transactions with large clients of the firm, manage due diligence for acquisitions of partnership and REIT targets, and analyze and memorialize significant tax considerations and issues in memoranda and opinions.  Representative transactions include corporate and cross-border joint ventures, IPOs (including REITs, SPAC and Up-C transactions), private-equity acquisitions and dispositions (including continuation fund transactions), and internal restructurings in a variety of industries (including pharma and biotech, sports and entertainment, asset management and private equity, hedge fund, renewable energy, real estate, oil & gas, and public-private infrastructure).

 

Through these experiences, Senior Managers will have an unparalleled opportunity to develop a deep understanding of the complexities of partnership and real estate tax , the interplay between partnership tax theory and practice that is determined through partnership modeling, and the nuances of joint venture structuring. Senior Managers will also work with other Senior Managers, Partners/Principals on more limited on-call consulting opportunities, writing Tax Alerts and Developments, teaching courses and participating in external presentations.

 

Skills and attributes for success

• Identifying, researching and analyzing complex partnership and real estate tax issues.
• Managing all stages of a transaction, including due diligence, structuring and evaluating alternative structures and helping the modeling team quantify potential target exposures, the tax consequences of the proposed structure, and future cash flow, IRR, and allocation implications.
• Preparing structure reports and drafting substantive emails, memoranda, and opinions.
• Provide high-quality, time-sensitive, and responsive service that meets and/or exceeds our clients' expectations.
• Managing, coaching and developing a team of tax professionals, reviewing work and helping to confirm that they have the knowledge, tools and opportunities they need to excel.

 

To qualify for the role you must have

• Achieved at least a bachelor's degree, typically with a concentration in Accounting, Finance, Economics, Operations Research, Financial Engineering or Statistics
• Minimum of 6 years of work experience in professional services or professional tax organization
• A CPA certification or membership in The Bar
• Strong analytical and technical writing skills
• Broad exposure to federal income taxation, with an emphasis on partner