Tax Manager - US Fund Tax

The Team

The Tax & Reward group is rated as one of the leading tax advisory practices in the City. As with any tax practice in a City law firm, a proportion of their work is transaction-based, supporting corporate, financing, real estate, and investment fund transactions. However, a substantial and increasing part of the practice involves giving free-standing tax advice to clients of the group.

Their Outsourced Tax Management team provides private fund managers with scalable, cost-effective tax support without the overhead of building out an in-house tax function. The team manages entity establishment and onboarding, ongoing tax operations, tax filing and compliance oversight, executive tax support, and deal support for private equity and credit fund clients, working collaboratively across a range of U.S., U.K., and other cross-border tax matters.

The Role

This role sits within the Outsourced Tax Management team, which is part of the broader Tax and Reward practice. The role works alongside Senior Tax Advisors and Client Account Analysts to manage and oversee day-to-day tax operations for private equity and credit fund clients. Key duties will include:

• Overseeing tax return preparation and reporting processes for fund clients, including FATCA/CRS and other filings;
• Managing entity establishment and onboarding projects, including obtaining tax IDs, registering/deregistering with local jurisdictions for tax purposes, and making withholding tax applications;
• Liaising with clients and relevant parties, including custodians, service providers, investors, and other counterparties across various jurisdictions, for account setup purposes;
• Communicating with investors and investment counterparties regarding tax requests and queries, and reviewing tax provisions in side letters and other legal documents;
• Identifying, assessing, and analyzing the tax implications of strategic initiatives or transactions;
• Coordinating closely with wider tax and legal team members responsible for specific tax areas and jurisdictions, including U.S. international tax (or other jurisdictions), withholding tax, and cross-border reclaims, to ensure client service is delivered end to end;
• Conducting tax research, analyzing cross-border tax issues, and drafting technical memos related to specific client matters;
• Assisting founders and key executives with personal tax needs, including executive tax statements, tax distributions, and remuneration/tax planning, coordinating with their personal tax advisers;
• Monitoring key tax legislative developments and market trends relevant to clients' businesses to ensure ongoing compliance; and
• Supporting the training and development of junior team members, sharing knowledge and experience across the wider team.

The Candidate

Skills and attributes for success:

• Qualified CPA/CTA or equivalent, with at least 5 years of relevant experience, ideally gained at a Big Four or comparable professional services firm;
• Practical understanding of U.S. international tax concepts, with experience advising asset managers and institutional investors on cross-border tax reporting matters;
• Experience in advising clients on the tax aspects of private equity and/or private credit fund structures;
• Self-motivated, organized, and committed to providing high-quality support in a practical, client-facing context;
• Strong attention to detail, along with excellent time management skills and a meticulous approach to work;
• Willingness and ability to learn new concepts with minimal guidance;
• Proactive, with the ability to work independently and take responsibility for work product; and
• Excellent verbal and written communication skills.