Tax & Law - Global Compliance & Reporting - US Tax Manager - Private Equity Funds

OU Health; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in financial services is seeking managers and senior managers for its US tax compliance team in London. This role involves overseeing private equity fund engagements, providing guidance on US tax legislation, and coaching junior staff. Ideal candidates will possess relevant qualifications and extensive experience in partnership tax returns and fund structures.

Qualifications

• Extensive experience in preparing and reviewing partnership tax returns.
• In-depth knowledge of US international tax laws.
• Background in financial services focusing on private equity funds.

Responsibilities

• Oversee US tax compliance engagements for private equity funds.
• Research US tax legislation and explain its impact to clients.
• Coach junior staff members on tax compliance and concepts.

Skills

Team player

Time management

Partnership allocations

International tax concepts

Taxable income analysis

Client advisory

Stakeholder management

Coaching enthusiasm

Education

Master's degree in accounting or taxation

Current CPA or EA qualification

Tools

Go Systems tax preparation software

Job description

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.

EY's Financial Services (FS) Tax practice provides tax advisory, transactions and compliance services to a variety of clients in the Financial Services market ranging from some of the world's largest multinational institutions, corporations and funds.

The US tax compliance team, which sits within the EMEIA Wealth & Asset Management practice, continues to experience growth due to strong client demand from European asset managers with US investors and/or US activity.

The opportunity

Our London based team of US-qualified tax professionals is a growing practice of 50+ individuals focused on providing exceptional client service to the asset management industry including hedge funds, debt funds, private equity funds and real estate funds and their management companies.
The team is highly dynamic and is looking for motivated, energetic and collaborative individuals to join the US team in London. The team is looking for managers and senior managers, specifically with private equity fund experience, to help grow the team this year.

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 and you will be expected to coach junior staff members (both onshore and offshore) and share your knowledge and experience with the entire team. You will also be expected to coordinate multiple engagement teams' schedules and deadlines.

Skills and attributes for success

• Positive attitude and willingness to be a team player.
• Excellent time and project management skills.
• Proficiency in partnership allocations and an understanding of private equity carry waterfalls.
• A practical understanding of international tax concepts such as PFICs, CFCs, and foreign information reporting (Form 926, Form 8865, Form 8621, Form 5471, etc.)
• An understanding of debt vs. equity analysis, UBTI, and other analysis required to compute a private equity fund's taxable income.
• Experience advising clients on the US tax impact of investment and fund structures, as well as US tax elections.
• Proficiency in juggling multiple priorities while managing internal and external stakeholders.
• Willingness and ability to learn new concepts with minimal guidance.
• Enthusiasm for coaching and developing team members

To qualify for the role, you must have

• Current CPA, EA or equivalent qualification or Degree / Master's degree in accounting or taxation (or equivalent).
• Extensive experience in preparing and reviewing partnership tax returns and Schedules K-1.
• Extensive experience with computing taxable income and partnership allocations for private equity funds.
• Knowledge of international tax returns and related US tax laws.
• In-depth knowledge of Go Systems tax preparation software or similar system.

Ideally, you'll also have

• Ability to manage large scale fund compliance projects involving 5,000+ hours, multiple funds/deliverables, and cross-border teams of 10+ individuals.
• Ability to liaise directly with non-tax stakeholders at your clients to explain US tax concepts at a practical level.
• Background in financial services, ideally working with private equity funds in a US tax capacity.
• Experience in delivering technical and soft skills training to junior team members.

What we look for
We're interested to hear from highly motivated individuals who are open to expanding their network and pursuing a medium to long-term career in US tax in London. We are looking for someone who will fit in well with our energetic and high-performing team, who has background in private equity funds and who has excellent client relationship skills.