Financial Services - Tax - Wealth and Asset Management - Manager

About the role

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!

EY's FSO 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.

As a Tax Compliance Manager, you will play a pivotal role in managing and implementing tax compliance strategies for our clients. You will provide comprehensive support in tax compliance and reporting, including tax provision, direct and indirect tax returns preparation, and tax reform calculations, all while leveraging standardized processes and leading technology. Your efforts will focus on streamlining and optimizing compliance and reporting processes to align with business strategy, increase efficiency, and promote transparency. Additionally, you will encourage the development of governance, risk, and compliance frameworks, and help shape operating models that support alignment with governing tax regulations and business objectives.

In this Manager role within our Wealth & Asset Management Tax practice, you will lead tax compliance and advisory engagements for hedge fund, private equity, and mutual fund clients. You will address complex federal, international, state, and local tax issues and implement tax strategies aligned with client objectives. Responsibilities include reviewing securities analyses, making tax adjustments, overseeing the production of K-1s and partnership returns, and evaluating partnership agreements and private placement memorandums for tax implications.

Key responsibilities

• Managing and implementing tax compliance strategies and reporting support.
• Streamlining and optimizing compliance processes to meet business needs.
• Supporting the development of governance and compliance frameworks.
• Effective management and delivery of one or more processes, solutions, or projects, ensuring a strong focus on quality and effective risk management.
• Driving continuous process improvement, identifying innovative solutions through research and analysis, and applying expertise to guide others and recommend quality solutions.
• Leading workstream delivery, tracking project status, and managing engagement economics, while actively participating in client working sessions and leading workstreams from planning through closure.
• Navigating complex tax environments, developing solutions to intricate problems, and recommending changes to policies and procedures that impact your team and potentially the broader business function.

Analytical/decision making responsibilities

• Develop solutions to complex problems and recommend changes to policies and procedures.
• Exercise judgment in selecting methods, techniques, and evaluation criteria for obtaining results.
• Guide others and interpret internal/external issues to recommend quality solutions.

Skills and attributes for success

• Strong leadership, analytical, and communication skills, as well as the ability to manage complex projects and deliver results in a dynamic environment.
• Solid technical knowledge, including the ability to review partnership book/tax allocations involving incentive fee reallocations, side pockets, partnership interest transfers, and fill-up/down allocations.
• The ability to teach or assist with firm in-house training programs.
• Ability to analyze trading reports for tax character and book-to-tax differences, including wash sales, constructive sales, straddles, and other securities-related issues.
• Build impactful relationships with new and existing clients and maintain relationships with firm leadership.
• Able to identify key tax technical issues and raise appropriate questions before work is submitted for partner or senior manager review, consulting with others as necessary.
• Responsible for the effective management and delivery of processes, solutions, or projects, ensuring quality and risk management.
• Drive continuous process improvement and identify innovative solutions through research and analysis.
• Guide others by applying depth of expertise and interpreting internal/external issues to recommend quality solutions.
• Meet performance objectives and metrics set locally, including client service, quality and risk management, sales and business growth, solution development, and teaming.

Qualifications

• Bachelor's degree required (4-year degree).
• Typically, no less than 4 - 6 years relevant experience.
• Be a licensed attorney or CPA.
• Familiarity with the financial services industry gained through direct involvement with managed investment vehicles.
• Broad exposure to federal income taxation and exposure to state and local tax.
• Demonstrated expertise in tax compliance and reporting requirements.
• Strong awareness of finance compliance and regulation.
• Understanding of global compliance requirements.
• Ability to assess tax legislation and its impact.
• Experience with tax reform calculations.
• Proficiency in data analysis and interpretation.
• Experience with tax technology solutions.
• Understanding of tax accounting and tax provisions.
• Knowledge of accounting principles and standards.
• Ability to analyze and evaluate application and tools.
• Complex problem-solving and critical thinking abilities.
• Ability to drive outcomes and demonstrate learning agility.

Ideally, you'll also have

• Experience leading professional employees or supervising others to deliver complex technical initiatives.
• Ability to manage engagement economics and resource planning.
• Experience participating in RFP responses and identifying opportunities for additional services.
• Experience with hybrid collaboration and global teams.

Benefits

• Medical and dental coverage.
• Pension and 401(k) plans.
• Wide range of paid time off options.
• Flexible vacation policy – decide how much vacation time you need based on your own personal circumstances.
• 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.

Pay

Base salary range for this job in all geographic locations in the US is $116,200 to $212,900. The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $139,400 to $242,000. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.