Tax & Law - Global Compliance & Reporting - US Tax Senior Advisor (Hedge Fund)

Ernst & Young Advisory Services Sdn Bhd; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global advisory firm in London is seeking a motivated US Tax Compliance professional to join their dynamic team. The role involves overseeing US tax compliance engagements for hedge funds and requires a strong background in tax legislation and hedge fund structures. Ideal candidates will have a CPA or equivalent qualification and experience in securities analysis. The position offers a competitive compensation package including flexible work options and opportunities for career development.

Benefits

Flexible working arrangements

Support for career development

Competitive remuneration package

Qualifications

• Extensive experience in preparing and reviewing partnership tax returns.
• Practical experience with hedge fund securities analysis and allocations.

Responsibilities

• Overseeing hedge fund US tax compliance engagements.
• Researching US tax legislation and explaining its impact to clients.
• Coaching junior staff members.

Skills

Positive attitude and willingness to be a team player

Excellent time and project management skills

Proficiency in securities analysis for non-475 funds

Practical understanding of hedge fund partnership allocations

Experience advising clients on US tax impact

Proficiency in managing multiple priorities

Willingness to learn new concepts with minimal guidance

Enthusiasm for coaching and developing team members

Education

Current CPA, EA or equivalent qualification or Degree/Master's degree in accounting or taxation

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.

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.

What working at EY offers

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities.

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.