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Group Tax Manager - Insurance

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Goodman Masson

2021-12-03 08:58:10

Job location Barkingside, Greater London, United Kingdom

Job type: fulltime

Job industry: Accounting

Job description

A global insurance business is looking to recruit an Group Tax Manager to join their London office.

Job purpose:

  • To be responsible for the quarterly tax reporting process and corporation tax compliance for some of the Group's largest UK reinsurance carriers and other entities.
  • To be a key part of the Group's UK tax function in coordinating all corporation tax compliance for the whole Group.
  • To be responsible for the VAT compliance for the group
  • To advise senior stakeholders on UK VAT matters.
  • Manage the VAT and corporation tax compliance process
  • Prepare the tax calculation (current and deferred) in the Group's tax system on a quarterly basis as part of the quarter close.

Responsibilities on behalf of the Group:

  • Preparation of the quarterly VAT return.
  • Support the corporation tax group payment arrangement for the whole UK Group, calculate and manage the payment of QIPs.
  • Ensure optimum group relief position across the UK Group and that allowances are properly allocated between UK Group entities.
  • Preparation of the PAYE settlement agreement calculation on an annual basis.
  • Quality assure tax compliance processes of the UK Group.
  • Provide advice to other Finance teams, Group Tax, underwriters and the CFOs/FDs across the UK businesses on tax matters.

Other Responsibilities:

  • Continually monitor financial and tax related reporting risks.
  • Enhance controls to mitigate those financial and tax related reporting risks.
  • Coach staff at junior level.

Key skills and experience:

Essential

  • Sound knowledge of UK corporation tax and / or of UK VAT (ideally with a good understanding of the key issues relevant to insurance companies). Ability to learn any new areas of tax quickly.
  • Sound understanding of tax accounting (ideally UK GAAP and IFRS).
  • Familiarity with a quarter end reporting process.
  • Demonstrated ability to work and communicate with HMRC, overseas tax authorities and tax advisers.
  • Ability to manage a group payment arrangement.

Desirable

  • Familiarity with taxes in the re/insurance industry / London market.
  • At least 3-4 years of post-qualification experience.
  • Ability to work closely with accounting teams.
  • Working knowledge of SAP.

Qualifications and educational requirements:

  • Recognised tax / accounting qualification (CTA/ICAEW/ICAS/ACCA or equivalent).

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