Tax Senior Manager - Financial Services - Wealth and Asset Management

Primary location for this role is in CA, TX, NY, NJ.

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry - the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

The opportunity

EY's tax practice provides comprehensive and specialized tax assistance tailored to the unique needs of the asset management industry. You would join our tax professionals who are knowledgeable and experienced with varied and specialized facets of hedge fund, private equity fund and mutual fund taxation, including fund and organizational structuring, tax minimization planning, on-call advice, and tax compliance.

Your key responsibilities

As a Senior Manager in our Wealth & Asset Management practice, you will be responsible for managing and coordinating tax compliance and advisory work for clients. You would work on key client issues in domestic federal, international and state and local taxation with a focus on implementing tax strategies that align with the client's business objectives. You will oversee Asset Management tax compliance accounts for Hedge Funds and or Private Equity Funds which involves the ability to review extensive securities analysis, make appropriate tax adjustments, and provide final sign off for the production and delivery of K-1's and partnership tax returns. You will review Partnership Agreements and Private Placement Memorandums for tax implications of items such as book and tax allocations, stuffing provisions, management and incentive fees.

Skills and attributes for success

· Solid technical knowledge - you will have to review partnership book/tax allocations including aspect such as incentive fee re-allocation, side pocket, transfer partnership interest, fill up/down etc.

· Experience in economics of the engagement. Able to organize teams schedule, budget and fees for various clients assigned

· Involvement in teaching or assisting in firm in - house trainings to staff and above; acting as a counselor to our managers and seniors; running teams and accounts that are also outside local office and spread across various locations

· Ability to analyze trading reports for tax character and book tax differences, such as wash sales, constructive sales, straddles, and other securities issues

· Building impactful relationships with new and existing clients as well as building and maintains relationships with leadership; create a positive and trusting environment

· Ability to identify key tax technical issues and raise the appropriate questions ' and consult when necessary

To qualify for the role you must have

· A Bachelor's degree in Accounting, Finance or Economics and a minimum of 8 years of related work experience; or an advanced degree in tax or law and a minimum of 7 years of related work experience

· CPA license or a licensed Attorney is required

· A minimum of 7 years of relevant tax experience or equivalent experience in business or the financial services industry

· Familiarity with the financial services industry gained through direct involvement with managed investment vehicles

· Broad exposure to federal income taxation and some exposure to state and local tax

Ideally, you'll also have

· Excellent managerial, leadership, organizational, and verbal/written communication skills

· Demonstrated business development skills

What we look for

Hard working team player who is comfortable partnering with others as well as working independently. Detailed oriented performer who can multi-task and meet deadlines. Open mindedness and creative solutions to the job every day.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.