Financial Services - Wealth and Asset Management - Tax 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.

Responsibilities

• Lead tax compliance and advisory engagements for hedge fund, private equity, and mutual fund clients.
• Address complex federal, international, state and local tax issues, implement tax strategies aligned with client objectives, and manage tax compliance accounts.
• Review securities analyses, make tax adjustments, oversee the production of K-1s and partnership returns, and evaluate partnership agreements and private placement memorandums for tax implications.

Requirements

• A Bachelor's degree 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.
• 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.

Qualifications

• Solid technical knowledge - you will have to review partnership book/tax allocations including aspects such as incentive fee re-allocation, side pocket, transfer partnership interest, fill up/down.
• The ability to teach or assist in firm in-house trainings.
• Ability to analyze trading reports for tax character and book tax differences, such as wash sales, constructive sales, straddles, and other securities issues.
• Build impactful relationships with new and existing clients and maintain relationship with firm leadership.
• Create a positive and trusting environment where team members know each other and feel a part of their team.
• Able to identify key tax technical issues and raise the appropriate questions before the work is sent for review to the partner or senior manager – and consult when necessary.

Skills and attributes for success

• Excellent managerial, leadership, organizational, and verbal/written communication skills.
• Demonstrated skills in mentoring and training others.

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.

Schedule

Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.