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Tax Manager - Insurance Tax, Financial Services, London

Date: Nov 20, 2021

Location: London, United Kingdom

Company: KPMG UK

KPMG's Tax practice is a dynamic and successful area of our business. A constantly changing and increasingly high-profile field, Tax can offer a surprisingly broad range of quality career paths to ambitious people.

Working in the Corporate Tax department at KPMG will give you the opportunity to develop relationships with clients as you help manage the amount of corporation tax they need to pay. This involves working with clients to produce complex tax computations and returns for HM Revenue & Customs, giving advice on corporate planning and restructuring projects and finding ways to reduce their effective rate of tax.

Why KPMG?

At KPMG, our values define who we are and the way we do business. As a leading professional services firm, we know that our strength and capability come from our people – their different perspectives, experiences and backgrounds. From our inclusive leadership strategy to our diversity and inclusion targets – we’re making bold changes to who we are and what we do. Be part of it.

Financial Sector: Insurance Tax Manager

The Department

The Insurance tax team, part of the wider FS tax team in KPMG, is a group of around 25 tax professionals of all grades, including 3 partners and 3 directors. The team is spread across 3 sites – London, Bristol and Edinburgh. The team works as a national team and location does not dictate client allocation.

Our business covers the gamut of insurance clients, including major UK-based insurers, international insurance groups, life insurers, pension product and other specialist providers, and brokers.

The core insurance team provides mainly corporate tax advisory and M&A services, and facilitates the provision of corporate tax compliance services, as well as tax advisory services covering the full range of non-corporate taxes. We are generally the main point of contact for the client for all taxes.

The Opportunities

The extent of change affecting the Insurance sector has raised enormous opportunities and significant challenges for KPMG. Regulatory and legislative change, as well as changes in the underlying market climate (appetite to claim, claimant fraud, risk profile change, technology impact) are driving insurance companies to embrace transformational change both to internal systems and to client facing products and operations. There are significant opportunities around these changes, often not tax driven, but which have tax impact where we can contribute positively for our clients.

Responsibilities:

Work can involve general insurance, life assurance, brokerage and Lloyds clients, and may involve any aspects of corporate tax, including product taxes, and wider cross-discipline projects.

The role is a national role, and could be based in London, Bristol or Edinburgh at one of our three insurance hubs.

The successful candidate should have a strong desire to be a dynamic part of an active insurance tax team.

The Individual:

The successful candidate should be able to demonstrate:
• Good knowledge of UK corporate tax;
• Possession of sound judgement, including the ability to identify and evaluate risk issues, and knowing when to involve others;
• A track record of leading projects, with a focus on accountability, high quality and timely delivery;
• Commitment to cross site and cross skillset working where needed;
• Ability to communicate effectively at all levels (internally and externally) and be a team player; strong interpersonal skills are required in addition to strong oral and written communication skills.
• High level analytical skills and a commercial approach to resolving issues and providing advice; ability to apply knowledge of fundamental tax principles in identifying potential technical issues and opportunities;
• Adaptability and dynamism;
• Ability to multi-task and be organised;
• Experience of delegating effectively;
• Desire to coach and develop more junior members of the team;
• A strong desire to gain and continually improve his/her knowledge of the insurance market, insurance products, and insurance-related taxes;
Some or all of the following would also be beneficial, but not essential for the successful candidates:
• Knowledge and experience in relation to insurance groups, including experience in all or some of the following fields: life insurance tax, general insurance tax, tax for Lloyds groups, and tax for insurance brokers;
• Knowledge of tax for specific insurance-related products, for example in relation to the chargeable events regime and pensions.

Additional Info/Qualifications:

• Chartered Tax and/or Chartered Accountancy and/or equivalent legal/HMRC/international qualification is essential.

We recognise that as individuals, we each have particular needs and that one size doesn’t fit all, when it comes to how, when and where you work. That’s why we’re proud to offer our colleagues agile working options. We believe in putting you at the centre of your career – KPMG will offer the training, development and stimulating work environment to help you get to where your career ambitions are. That’s why we introduced ‘Our Deal’ – it’s our way of saying ‘thank you’ for bringing your best to work. As part of ‘Our Deal’, you’ll benefit from a range of rewards from secondment opportunities and preferential banking services to a day off on your birthday and have open, honest conversations about your career development.

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that all candidates are treated fairly throughout the Recruitment Process. Should you be successful after the initial application stage, please discuss with your recruitment contact any reasonable adjustments to our Recruitment Process that you may require.

KPMG consistently features in the Sunday Times Best Big Companies to work for, which has been recognised with a special achievement award to mark our 10 years in the Top 25. We pride ourselves on being a place where your individuality is valued; you can be yourself and still achieve your potential. We believe that your individuality helps us to deliver the best results to our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG by viewing our policy.


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