Funds Tax Assistant Manager - Private Markets

JR United Kingdom; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading investment management firm in London is seeking a Funds Tax Assistant Manager to support tax compliance and advisory for private equity and infrastructure funds. The role involves working closely with teams to ensure compliance with UK and US tax regulations while identifying process improvements. Ideal candidates will have a professional tax qualification and experience in a funds tax role. The company values diversity and offers flexible working arrangements.

Qualifications

• At least 3 years of professional experience, with 2+ years in a funds tax role.
• International tax experience, especially US taxation, is advantageous.

Responsibilities

• Assist with tax compliance processes, including partnership tax and corporate tax.
• Coordinate with external tax advisors and internal teams for tax filings.
• Identify and implement process efficiencies using technology.

Skills

Analytical Skills

Communication

Organizational Skills

Education

Professional accounting or tax qualification (e.g., ACA, CPA, CTA)

Tools

Microsoft Office

Job description

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Funds Tax Assistant Manager - Private Markets, London

Client: Federated Hermes

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 4

Posted: 12.05.2025

Expiry Date: 26.06.2025

Job Description:

Location – London

About Federated Hermes:

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has over 2,000 employees in London, New York, and worldwide offices. For more information, visit FederatedHermes.com.

Main Function of the Role:

We are seeking a Funds Tax Assistant Manager to service internal and external stakeholders across private equity and infrastructure funds. The role involves managing all fund activities, including investment SPVs, Funds, and Carried Interest Partnerships.

The tax team collaborates closely with funds finance, investment, legal teams, and external tax advisors. Responsibilities include overseeing tax compliance and participating in advisory and structuring projects.

The ideal candidate is a recently qualified tax professional eager to develop under the supervision of an experienced Funds Tax Associate Director with expertise in US and UK tax.

Key Tasks and Responsibilities:

• Assist with tax compliance processes for partnership tax, corporate tax for SPVs, FATCA, CRS, DAC 6 across relevant jurisdictions, ensuring timely review, finalization, and filing of tax returns.
• Maintain relationships with tax compliance and advisory service providers.
• Streamline workflows to ensure outsourced work is completed within budget.
• Coordinate with finance, administrators, and advisors to keep compliance calendars on track, raising issues promptly.
• Review compliance work for accuracy and quality.
• Manage tax mailbox and respond to stakeholder queries efficiently.
• Support budget, workflow, and process oversight through trackers and manuals.
• Assist with US withholding tax processes and liaise with stakeholders for tax reclaims.
• Participate in tax reviews of investments and divestments, and support internal projects with external experts as needed.
• Identify and implement process efficiencies using technology.
• Handle correspondence with tax authorities like HMRC and IRS.
• Stay updated on relevant tax developments and implement necessary changes.

Minimum Knowledge & Experience Required:

• Professional accounting or tax qualification (e.g., ACA, CPA, CTA) with 2+ years PQE preferred.
• At least 3+ years of professional experience, with 2+ years in a funds tax role, focusing on tax compliance.

Experience Required:

• International tax experience, especially US taxation, is advantageous but not essential.
• Strong IT skills, including advanced proficiency in Microsoft Office Suite.

Candidate Profile:

• Self-motivated with a desire to broaden technical expertise.
• Eager to learn new skills and develop professionally.
• Organized, capable of managing multiple priorities and working independently.
• Effective communicator with strong analytical skills and attention to detail.
• Proactive in seeking process improvements through technology.

Diversity, Equity, Inclusion, and Flexible Working:

We are committed to equality and fairness, encouraging applications from all backgrounds, including underrepresented groups. We support flexible working arrangements and welcome discussions on accommodating individual needs. We are a Disability Confident Employer and participate in the “Offer of Interview” scheme. Please contact Jessica Sheehan at [email] or [phone] for support or to discuss adjustments during the recruitment process.