When accounting goes unaccounted for
Says EY on Pinterest: "The ordering box that accountants would use to carry around documents. It contained the official firm stamp that auditors must use to stamp all documents to indicate that the firm is taking responsibility for the statements by the auditor.""
Ed. note: I feel compelled to point out that my use of “yay” in the […]
Nine days left in 2009 and all you tax trolls are gearing for another great tax prep season. For those of you looking to bestow your IRC wisdom at a new shop, we’ve got at least one option for you.
Check out a Senior Tax Manager position at Brown Brothers Harriman in New York, after the jump.
Company: Brown Brothers Harriman
Title: Senior Tax Manager
Location: New York City
Experience: 8 – 10 years
Description: The Sr. Tax Manager at Brown Brothers Harriman (BBH) is responsible for the maintenance of tax records as well as the preparation and review of all specifically assigned tax returns and related documents for all BBH Partners and Managing Directors, Partnership and Trust returns.
Responsibilities: Tax Preparation: Review as well as assist in data gathering, preparation and filing of the firm’s federal, state, and local partnership income tax returns as well as personal property tax returns, sales tax returns, unincorporated business tax, business privilege tax and other returns.
Tax Research: Collaborate on tax research on new tax laws, regulations and rulings to disseminate information to the firm; Research and assess the integration of foreign tax credits, from operations and investments, on the overall tax burden of the firm.
Tax Review: Review individual partner tax filings as well as discuss and explain tax positions to Partners. Review tax returns and tax return workpapers for individual Partners and Managing Directors
Requirements: BA/BA degree; Masters in Tax and/or CPA a plus but not required; Strong knowledge of federal, state, and local personal income taxes, gift taxes, generation skipping taxes, estate taxes, nonresident withholding taxes and payroll taxes for high net worth individuals; Strong fundamental understanding of international tax concepts, including value-added tax, foreign tax credits and withholding tax.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.
Ed. note: Have a question for the career advice brain trust? Email us at advice@goingconcern.com with your problem(s) but only if you’re comfortable being mocked in an older sibling kind of way.
GC,
I know my question is somewhat specific but I just accepted an Internship offer for E&Y FSO Assurance in NYC and was interested in gaining some insight into the 3 divisions within FSO Assurance. First, I would love to hear your opinion on the pros and cons of each of the three sectors (Asset Management, Banking, & Insurance) including which EY is best known for. I was also wondering if there was a clear leader in each of those sectors in NYC and was wondering which of the Big Four was best nks so much for your help. I know I am still a year away from having to actually select one of those options but gaining people’s opinions never hurt. Thanks so much.
Congratulations on landing a sweet summer gig with Uncle Ernie. You’ll be working for a great firm in a great city making a great salary while fetching great coffee for your superiors. Cheers!
But really, welcome to New York. You’re smart in thinking ahead to the fact that where you start with your internship will lead to a fulltime offer with the same group. This is because internships are essentially training camp for your first year – make it through the summer successfully and you’re in the club. I did a little digging within my professional circle to uncover some of the EY clients that you’d have the potential of working on, as well as my own two Lincolns.
Insurance – Let’s start with this one because I have a feeling that the group consensus will be unanimous: DO NOT JOIN THIS GROUP. Sure, it is a small, “family-like” practice in the financial services industry, but you’re not coming to work for the warm and fuzzies (if you are, avoid public accounting altogether). You’re coming to make yourself a valuable asset to future employers – one, three, or ten years from now. Can you receive accelerated responsibilities and extensive interaction with your clients? Yeah, but that’s because your co-workers are jumping ship and no one within the firm wants to transfer to the Insurance group. Unless you have an absolute passion for the industry (which you don’t, since you emailed us), I would avoid this group. Stay in this group for five years (you know, to make the dream promo to manager) and you’re setting yourself up for a career working for an insurance (or re-insurance) firm.
Banking and Capital Markets – This group is bigger and more prominent than the Insurance group. It’s taken its hit in recent years because…ummm…the banking industry is in turmoil, but some of the pain has been buoyed by their growing Broker Dealer client base (also falls into this group). Potential clients include Bank of America (*gulp*), UBS Wealth Management (the shining star in the UBS sky), Icahn Securities, JG Wentworth, ING Financial Holdings, and Cantor “run for the hills” Fitzgerald. Sources tell me audit staff are constantly trying to take rotations to the asset management group, so take that for what it’s worth. Career advancement outside of public can take you to either a banking or hedge fund depending on your client exposure, but have you read the papers recently? Banking ain’t the hottest date to the prom to these days.
Asset Management – this is EY’s money train in New York when it comes to audit (and even tax) services. EY and PwC dominate this market in New York, and depending on whom you ask EY has a more rounded client base (blue chip and start ups). Premier clients include Eton Park, Reservoir Capital, Anchorage Capital, and Och Ziff Capital (do some Googling to get an idea about these firms). The exposure to different investment strategies and financial products you will see will be second to none. Don’t forget that you can count the relevant investment banks left standing on two hands, whereas there are thousands of hedge funds and private equity firms in the country (most of which are in the greater NYC area, too). Your easiest and most lucrative path out of audit and into the private sector will be with a background in asset management. Absolutely, positively, 100%.
So there you have it. As always, GC’er please chime in below with your comments.