US Tax Manager (Alternative Credit Funds) - Financial Services - Open to flexible working

EY ,
London, Greater London
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US Tax Manager (Alternative Credit Funds) - Financial Services - Open to flexible working Tax Requisition # LON00HUE Post Date 23 hours ago EY's Financial Services (FS) Tax practice provides tax advisory, transactions and compliance services to a variety of clients in the Financial Services market ranging from some of the world's largest multinational institutions, corporations and funds. The US tax compliance team, which sits within the EMEIA Wealth & Asset Management practice, continues to experience growth due to strong client demand from European asset managers with US investors and/or US activity. The opportunity Our London based team of US-qualified tax professionals is a growing practice of 50+ individuals focused on providing exceptional client service to the asset management industry including hedge funds, alternative credit funds, private equity funds and real estate funds and their management companies. The team is highly dynamic and is looking for motivated, energetic and collaborative individuals to join the US team in London. The team is looking for a manager and/or a senior manager, specifically with alternative credit fund experience, to help grow the team this year. Your key responsibilities The role will primarily involve overseeing alternative credit fund US tax compliance engagements for clients with appropriate consideration of risk, operational, and tax technical issues. Researching US tax legislation and explaining the impact to clients will be required as part of contributing to tax advisory projects. You will be working in a dynamic environment and you will be expected to coach junior staff members (located in the UK and abroad) and share your knowledge and experience with the entire team. You will also be expected to coordinate multiple engagement teams' schedules and deadlines. Skills and attributes for success + Positive attitude and willingness to be a team player. + Excellent time and project management skills. + Enthusiasm for coaching and developing team members. + Strong tax technical skills and ability to learn new concepts with minimal guidance. + Ability to articulate complex tax matters to clients in a commercial manner. To qualify for the role you must have + Current CPA, EA or equivalent qualification or Degree / Master's degree in accounting or taxation (or equivalent). + Experience advising clients on the US tax implications of various investment strategies, fund structures and relevant US tax elections (e.g., check-the-box, amortization of bond premium). + Proficiency in quantitative and qualitative US tax analyses relevant to alternative credit funds, including but not limited to market discount schedules, original issue discount (OID) schedules, bond premium calculations, straddles, debt/equity analysis, etc. + Practical understanding of partnership allocations, including both private equity and hedge fund type structures. + Extensive experience in reviewing partnership tax returns (Form 1065) and Schedules K-1. + Experience in reviewing PFIC reporting, including computation of ordinary earnings and net capital gain and shareholder income allocations. + In-depth knowledge of Go Systems tax preparation software or similar system. Ideally, you'll also have + Experience managing cross-border teams of 2-6 people. + Experience in delivering technical and soft skills training to junior team members. + Knowledge of US inbound and outbound international tax rules. + Knowledge of a non-US tax system would be helpful, but is not required + Ability to learn the US GAAP and IFRS rules related to income recognition for debt instruments What we look for We are interested in hearing from highly motivated individuals who are open to expanding their network, US and international tax experience, and pursuing a medium to long-term career in US tax in London. We are looking for someone who will fit in well with our energetic and high-performing team, who has background in alternative credit funds and who has excellent client relationship skills. What working at EY offers We offer a competitive remuneration package where you'll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer: + Support, coaching and feedback from some of the most engaging colleagues around + Opportunities to develop new skills and progress your career + The freedom and flexibility to handle your role in a way that's right for you EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. Wh

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