Tax & Law - Global Compliance & Reporting - US Tax Senior Advisor

Ernst & Young Advisory Services Sdn Bhd; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

A leading company is seeking a US Tax Senior Advisor in London to oversee hedge fund tax compliance engagements and provide tax consulting services. The ideal candidate will possess a CPA or equivalent qualification and have extensive experience in hedge fund partnership tax returns. Join a dynamic team focused on delivering exceptional client service in the asset management industry.

Qualifications

• Extensive experience in preparing and reviewing partnership tax returns.
• Practical experience with hedge fund securities analysis.
• In-depth knowledge of US tax laws.

Responsibilities

• Oversee hedge fund US tax compliance engagements.
• Conduct research on US tax legislation for clients.
• Coach junior staff and coordinate engagement teams.

Skills

Positive attitude

Project management

Securities analysis

Understanding of hedge fund allocations

Client advisory on US tax

Stakeholder management

Ability to learn new concepts

Coaching and developing team members

Education

Current CPA, EA or equivalent qualification

Degree / Master's in accounting or taxation

Tools

Go Systems tax preparation software

Job description

Tax & Law - Global Compliance & Reporting - US Tax Senior Advisor

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.

Your key responsibilities
The role will primarily involve overseeing hedge 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 securities analysis for non-475 funds, including wash sales, straddles, debt, swaps, and other analysis required to compute a hedge fund's taxable income.
• Practical understanding of hedge fund partnership allocations including an understanding of revaluation accounts and aggregation.
• Experience advising clients on the US tax impact of various trading strategies 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).
• Knowledge of corporate and international tax returns and related US tax laws.
• Extensive experience in preparing and reviewing partnership tax returns and Schedules K-1.
• Practical experience with hedge fund securities analysis and allocations.
• In-depth knowledge of Go Systems tax preparation software or similar system.

Ideally, you'll also have

• Experience managing cross-border teams of 2-6 people.
• Ability to liaise directly with non-tax stakeholders at your clients to explain US tax concepts at a practical level.
• Knowledge of a hedge fund US tax preparation software.
• Knowledge of common management company structures and their US tax considerations.
• Background in financial services, ideally working with hedge 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 hedge funds and who has excellent client relationship skills.

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