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Partnership Tax-Senior
Ernst & Young
posted 4mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
FSO_ Partnerships
Technical competency
- Sound knowledge in the taxation of U.S investment partnerships tax.
- Knowledge on securities analysis (like wash sale, short sales, dividend analysis etc.,)
- Partnership Tax allocations - Sound knowledge on aggregate allocations (Hedge funds) and tax waterfall, GP clawback (Private Equity)
- Review of Schedule K-1, Form 1065, various state returns and state withholding forms
- Review of Form 1042, 8804 and 8805 filings
- Knowledge on PFICs (Passive Foreign Investment Corporation), its reporting and various elections (QEF, MTM etc.,). Review of form 8621.
- Review of international forms like 5471 and 8865
FSO- Manager
Job purpose
Job purpose
Manager is primarily responsible for the planning of engagement(s), managing client accounts, gathering, validating and evaluating client information, generating Tax Compliance products and assuring quality. Serve as a point of contact for the engagement(s). Also, act as a counsellor for Assistant Manager.
Your client responsibilities:
- Responsible for client accounts;
- Ability to get the work completed within client deadlines and meet the due dates for filing;
- Assists the Assistant Manager with their queries and clarifies their questions;
- Communicates directly with the onshore engagement teams / clients.
- Manage own and/or other s impact on project economics, including controlling costs, monitoring budget to actual differences
- Develops, mentors and supervises Advance Analyst(s), Tax Senior(s) and Assistant Manager(s)
- May act as a Counsellor
- Adheres to practice protocols and other internal processes consistently
- Upon approval by the TAL, the Manager may sign the federal and state tax returns as paid preparer.
Your people responsibilities - as an Manager you will:
- Develop people by encouraging individuals to think for themselves and take responsibility for their contribution to the team.
- Successfully delegate to all levels of staff/seniors.
- Demonstrate leadership and executive presence
- Conduct performance reviews, serve as a positive leader and mentor and contribute to performance feedback/training.
- Foster teamwork and lead by example.
- Use technology to share knowledge with team members and enhance service delivery.
- Maintain an educational program to continually develop skills.
- Maintain cooperative relationships with other engagement teams.
- Articulate and support the strategies of the GCR US FSO group.
- Effectively fulfil the role of a change agent
- Possess high degree of analytical and analyzing capabilities.
- Posses good communication Skills
- Demonstrate high degree of accounting and analytical skills..
- Demonstrate good computer knowledge - Good knowledge in MS Excel and a basic knowledge of other MS Office, Web-based applications.
- Be a team-player.
We are looking for the candidates with the following: (Qualifications)
- Graduate/Post graduate in a finance, numerical or statistical background
- CPA will be an added advantage
- 4 to 6 years of experience
- FSO- Senior/Assistant Manager
Job purpose:
- Develop, mentor and supervise Analysts and Advanced Analysts:
- Act as a counselor for Analysts and Advanced Analysts
- Proactively recognize issues and recommend solutions
- Proactively seek opportunities to diversify client load and exposure to different teams
- Foster collaboration and constructive communication within the team
- Demonstrate basic presentation and public speaking skills, while actively participating in meetings
- Communicate in face-to-face situations, by phone and via email, and determine the appropriate mechanism for communicating, given the situation
- Display general knowledge of engagement big picture and work towards obtaining appropriate certification
- Communicate your progress and the project status to supervisors worldwide
- Take ownership of your schedule and proactively seek work when necessary to meet your annual chargeability goal
- Adhere to practice protocol and other internal processes consistently
- Explore the opportunity of going on rotation
In addition to specific competencies required for your role, you will also focus on developing the following in relation to firm-wide competencies:
- Identifying opportunities for process improvement
- Ensuring use of the methodologies, tools and technology specific to tax
- Encouraging others to ask critical questions and share their ideas and concerns openly
- Helping people contribute more by clarifying performance expectations and providing balanced and constructive feedback with specific behavioural examples.
- Developing strengths and opportunities collaboratively with team members by encouraging people to take action following feedback
- Contributing to a positive team environment by demonstrating consistent commitment and optimism towards work challenges.
- Maintaining focus of team members on work products; holding others accountable for timely completion of high-quality work.
- Showing a sense of urgency in responding to clients and team s needs by responding to all queries/concerns promptly.
- Focusing team members on key quality drivers for work assignments
- Building positive relationships with internal professionals and client personnel by demonstrating integrity and genuineness
We are looking for the candidates with the following: (Qualifications)
- Graduate or Post Graduate in Finance- At least 6 months-3 years of experience, preferably in the similar field.
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Partner roles with real interview advice
Top Ernst & Young Partner Interview Questions
Q1. Prime Numbers Identification Given a positive integer N , your task is to identify all prime numbers less than or equal to N . Explanation: ... read more
Q2. What are the types of fraud that can be done in area of revenue, cogs and inventories & how to counter those fraud risk ?
Q3. State the audit procedures of revenue and how will you get comfort on the figure of revenue provided to us by the management.
What people at Ernst & Young are saying
Partner salary at Ernst & Young
reported by
48
employees
with 13-23
years exp.
₹78
L/yr - ₹1.5
Cr/yr
183%
more
than the average Partner Salary in India
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What Ernst & Young employees are saying about work life
based on 11.1k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Ernst & Young Benefits
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Ernst & Young Bangalore / Bengaluru Office Locations
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Ernst & Young, 3rd Floor, Tower C, RMZ Infinity Municipal No. 3, Survey No 1477/2 & 10, Old Madras Road, Benniganahalli, K.R. Puram
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