Description
KEYWORDS: TAX, "INVESTMENT ACCOUNTING", "OPERATIONS TAX", "LIFE & PENSION", "L&P", "INVESTMENT FUND", HMRC, COMPLIANCE, TPA, "LIFE INSURANCE", INSURANCE, ACCOUNTANT, ACA, ACCA, CIMA, FCCA, BANK, BANKING, CRITICAL
A contractor is required to fill a short-term 4 month role within an in-house IA&O Tax team at a leading UK Banking Group. Investment Accounting & Operations ('IA&O') for Life & Pension ('L&P') and Authorised Investment Fund ('AIF') pricing and HMRC tax reporting purposes is a highly regulated area, impacting customers/policyholders and shareholders. This is thus a high profile role offering £600 per day for the duration of the contract.
Job Purpose & Principal Accountabilities
- To provide a proactive and comprehensive tax compliance and project support service in respect of the Group's funds.
- Responsibility for controlling and reviewing tax income and gains figures used in computations,
- Establish robust methodologies and control frameworks for work outsourced to an external TPA.
- Strong knowledge/experience of tax rules relating to income and gains calculations of investments held by UK Life Insurance Companies funds. (Little/no knowledge required of I-E calculations is required).
- Manage junior members of the department, providing leadership, training and supervision to ensure critical BAU deliverables are met.
- Manage the involvement of key information providers to ensure that requirements are understood and met in full and on a timely basis, and that the Tax Department is fully engaged/consulted.
Skill Sets
FS Background & Subject Matter Expertise
- Ideally Chartered Accountant/Tax Advisor or equivalent qualification. Alternatively, at least 3 years broadly based tax experience in Financial Services arena.
- Strong investment accounting background in relation in funds to Life & Pension funds in particular, specifically unit pricing and tax calculations and reporting for HMRC purposes (knowledge of I-E taxation would be advantageous but not necessary).
- Good understanding of UK taxation, including a detailed knowledge of the tax regime pertaining to L&P business, coupled with commercial awareness.
Analytical Skills
- Creativity, problem solving and strong analytical and interpretative skills, coupled with the flexibility and adaptability required within the constantly changing environment.
- Very strong analytical and problem solving abilities.
- Proven ability to absorb and analyse requirements/information, to hit salient points consistently.
- Understand related processes (up and downstream) and thereby contribute to the design and implementation of change, validating solutions and assisting with impact analysis and business readiness.
- Proactively provides suggestions and implement improvements to operational and control procedures.
- Excellent organisational and PC skills. Preferred knowledge of GL, investment accounting systems/processes and Capital Gains tax systems.
This is an urgent requirement. If you are interested, please forward your CV ASAP and outline in a few bullet points why you are suitable for the role. Please also indicate your working availability, visa status and nationality in your application.
KEYWORDS: TAX, "INVESTMENT ACCOUNTING", "OPERATIONS TAX", "LIFE & PENSION", "L&P", "INVESTMENT FUND", HMRC, COMPLIANCE, TPA, "LIFE INSURANCE", INSURANCE, ACCOUNTANT, ACA, ACCA, CIMA, FCCA, BANK, BANKING, CRITICAL
To find out more about Huxley Associates please visit our website.