Financial Services - Customer Tax Operations and Reporting - Senior Manager

EY • Town of Oyster Bay, NY

11d • $150,400 - $343,600 • Hybrid

About The Position

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!
Our Business Tax Advisory practice gives you the opportunity to focus on U.S Tax Information reporting & withholding. You will work in a group environment on challenging information reporting and withholding engagements across all financial services sectors. We offer the specialization in assisting clients with mission-critical operational tax issues and customer reporting issues. Specifically, our experienced practitioners work across tax and operations to deliver advice and support throughout the project lifecycle. You will work closely with colleagues to assist clients in understanding relevant tax rules and implementing changes to their operations, processes, and systems. The CTORS team works on challenging information reporting and withholding engagements in the financial services, banking, insurance, and multinational sectors. These engagements will primarily focus on non-resident alien (NRA) withholding and reporting (IRC Sections 1441 to 1446), Foreign Account Tax Compliance Act (FATCA), and domestic withholding and reporting matters. You can expect to work on engagements dealing with the Foreign Account Tax Compliance Act (FATCA), cost basis reporting, and various other global compliance and reporting initiatives, such as CRS.

The CTORS Tax Services practice invests in the development of its team, with frequent virtual training, update calls and in-person trainings to help individuals develop technical skills and learn about new areas of the law. Through your experiences, you will develop your skill sets and learn how CTORS requirements are managed within large to medium size companies.

Requirements

• Ability to read and interpret IRS Code, regulations and instructions
• Expertise in tax reporting/tax operations and corporate tax work experience
• Securities processing and operations knowledge
• Strong writing skills for policy and procedure writing is a must
• Ability to interface with all facets of our business
• Project management capability
• A Bachelor’s degree with an emphasis in Accounting, Finance or Economics; an advanced degree in Tax, Accounting, Business Administration, Finance or Law is highly desirable
• A minimum of 8 years of relevant tax consulting or tax operational experience
• Be a licensed attorney or CPA
• Be able to manage and direct the work of others
• Have the initiative to seek out new opportunities at current clients and potential clients

Nice To Haves

• Active participation in industry groups such as SIFMA, ABA, IIB
• The ability to understand and implement tax rules
• Chapter 3, Chapter 4 and Chapter 61 experience

Responsibilities

• You will interface daily with superiors, peers and subordinates and clients on large and small CTORS projects.
• This could include interpreting IRS Code and Regulations, drafting guidance, data analyzation and requirements development that help clients translate and implement these rules.
• You may conduct a gap analysis of the current state of clients’ policies, procedures and systems and write business requirements.
• You will manage a team with their duties and prepare documentation which would include presentations and flow charts.
• You will be involved in technical analysis, process improvement and respond to RFP notices for clients also.

Benefits

• We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business.
• The base salary range for this job in all geographic locations in the US is $150,400 to $343,600.
• The base salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $180,500 to $390,500.
• Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography.
• In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
• Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances.
• You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level