FSO - Tax - Private - Manager
EY
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.
Join our Financial Services Office (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global market perspective. Aligned to key industry groups including asset management and private equity, banking and capital markets, and insurance, we provide integrated assurance, consulting, strategy & transactions, and tax services to our clients. As a market segment of the FSO, the BBC includes the Bahamas, Bermuda, British Virgin Islands, and Cayman Islands. By joining the BBC, you will receive unmatched exposure and experience to our continuously growing portfolio of diverse FSO clients.
The opportunity
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!
Private Tax is a growing practice within EY, and you'll see that growth reflected in your career. The team has a dedicated focus toward serving privately held companies and their owners and their families. These clients span from family-owned businesses to private equity owned companies. One thing they all have in common is they are high growth private companies. As many companies choose to no longer go public, this is an ever increasing and exciting group of companies from start-up companies all the way to multi-billion-dollar global private enterprises. With a diverse portfolio of interesting and challenging work, you'll make an impact on some of the most technically demanding tax planning and compliance projects around. You'll be part of a growing global team, acting as a key point of contact for a wide range of clients and colleagues. This is an opportunity for cross-border and cross-functional teaming. In return, you can expect plenty of support designed with your own personal skills and experience.
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.
- Researching tax issues to develop effective tax planning strategies
- Translating complex data from a range of sources into client-ready insights and deliverables
- Building effective long-term relationships with our clients, understanding their unique needs to provide a tailored service
- Communicating complex tax issues to non-tax professionals and clients
- Maintaining your reputation in your field by constantly updating and sharing your technical and finest practice knowledge
- Managing, coaching and developing a team of tax professionals, reviewing work and helping to confirm they have the knowledge, tools and opportunities they need to excel
- Identifying and reacting to risks and opportunities to improve our services and processes
Skills and attributes for success
To qualify for the role you must have
- A bachelor’s degree in an accounting, finance or a business discipline, and a minimum of 5 years of of work experience in professional services or professional tax organization; or an advanced degree in tax or law and a minimum of 4 years of relevant tax experience
- A CPA (or equivalent internationally recognized accounting designation), Enrolled Agent and/or LLM certification is required
- Broad exposure to federal income taxation and some exposure to state and local tax
- Experience with flow through entities (S-Corps, Partnerships, LLC's)
- Experience with C-Corps including income tax provisions and consolidated federal and state tax returns
- Excellent collaboration and negotiation skills, and the confidence to challenge senior colleagues and stakeholders from a diverse range of backgrounds
- A thorough understanding of automated tax processing systems
- A commitment to continuing your learning
Ideally, you will have
- A proven record in a professional services environment
- Experience in coaching and mentoring junior colleagues
- Strong analytical skills and attention to detail
- The ability to adapt your work style to work with both internal and client team members
What we look for
We're interested in tax professionals with a genuine interest in providing outstanding services to some of the world's most influential people. Working with people from all backgrounds, from C-Suite executives to owners and their families, you'll use your experience and status as a trusted advisor to maintain and further our reputation for excellence.
Being a team player who is comfortable partnering with others as well as working independently. You’ll also need to be a detail-oriented performer who can multi-task and meet deadlines, as well as bring creative solutions to the job every day.
What we offer
We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package includes medical, dental and vision coverage, competitive pension plan, generous vacation and leave entitlement(s), and a range of programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:
· 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.
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