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Tax Services Manager - FSO - Private Client Services, Partnership

Location:  New York
Other locations:  Anywhere in Country
Salary: Competitive
Date:  Jul 18, 2024

Job description

Requisition ID:  1506708
EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.  At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.
 

This position can be anywhere in the country (primary: NY)

 

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 and Insurance. 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 Private Tax industry. You would join our tax professionals who are knowledgeable and experienced with varied and specialized facets of individual, trust, gift, estate, foundation and partnership taxation.  Our FSO Private Tax practice clients are ultra-high net worth individual clients who have historically amassed their wealth within the asset management (ie hedge and private equity), banking and related financial services industries.

 

Your key responsibilities

As a Manager in our FSO Private Tax practice, you will be responsible for managing and coordinating tax compliance and advisory work for clients. You would work on key partnership 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 Private Tax partnership tax compliance accounts for affiliated ultra-high net worth individuals within the hedge and/or private equity fund industry.  This involves the ability to review 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, allocation provisions, management and incentive fees.

 

Skills and attributes for success

  • Solid tax 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 and budget
  • Involvement in teaching or assisting in firm in - house trainings to staff and seniors; leading 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 arising from investment partnership interests and/or securities trading activity
  • Experience with Operating Entities
  • 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
  • Ability to reconcile cash and build tax basis financial statements is a plus

 

To qualify for the role you must have

  • A Bachelor's degree in Accounting, Finance or Economics and a minimum of 5 years of related work experience; or an advanced degree in tax or law and a minimum of 4 years of related work experience
  • CPA license or a licensed Attorney is required
  • A minimum of 5 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.

 
What we offer
 
We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business.  The salary range for this job in most geographic locations in the US is $94,100 to $172,500. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $112,900 to $196,000.  Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.  In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
 
  • 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.
 
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
 
The exceptional EY experience. It’s yours to build.
EY | Building a better working world
 
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.
 
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
 
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
 
EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, pregnancy, genetic information, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.
 
EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and either need assistance applying online or need to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, type Option 2 (HR-related inquiries) and then type Option 1 (HR Shared Services Center), which will route you to EY’s Talent Shared Services Team or email SSC Customer Support at ssc.customersupport@ey.com

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