US Tax Manager, Private Equity Funds

Job Description

Posted on: 
September 13, 2022

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, debt 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 managers and senior managers, specifically with private equity fund experience, to help grow the team this year.


The role will primarily involve overseeing private equity 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 asset management clients will be required as part of contributing to tax consulting projects. You will be working in a dynamic environment and you will be expected to coach junior staff members (both onshore and offshore) and share your knowledge and experience with the entire team. You will also be expected to coordinate multiple engagement teams’ schedules and deadlines.

Job Requirements

Skills and attributes for success

  • Positive attitude and willingness to be a team player.
  • Excellent time and project management skills.
  • Proficiency in partnership allocations and an understanding of private equity carry waterfalls.
  • A practical understanding of international tax concepts such as PFICs, CFCs, and foreign information reporting (Form 926, Form 8865, Form 8621, Form 5471, etc.)
  • An understanding of debt vs. equity analysis, UBTI, and other analysis required to compute a private equity fund’s taxable income.
  • Experience advising clients on the US tax impact of investment and fund structures, as well as US tax elections.
  • Proficiency in juggling multiple priorities while managing internal and external stakeholders.
  • Willingness and ability to learn new concepts with minimal guidance.
  • Enthusiasm for coaching and developing team members

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).
  • Extensive experience in preparing and reviewing partnership tax returns and Schedules K-1.
  • Extensive experience with computing taxable income and partnership allocations for private equity funds.
  • Knowledge of international tax returns and related US tax laws.
  • In-depth knowledge of Go Systems tax preparation software or similar system.

Ideally, you’ll also have

  • Ability to manage large scale fund compliance projects involving 5,000+ hours, multiple funds/deliverables, and cross-border teams of 10+ individuals.
  • Ability to liaise directly with non-tax stakeholders at your clients to explain US tax concepts at a practical level.
  • Background in financial services, ideally working with private equity funds in a US tax capacity.
  • Experience in delivering technical and soft skills training to junior team members.

Apply now

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