At a Glance
- Tasks: Join us as a Tax Manager, handling tax returns and compliance for our UK and European operations.
- Company: Starr Insurance is a global leader in insurance and investment, operating in 128 countries since 1919.
- Benefits: Enjoy first-class training, development opportunities, and a commitment to inclusivity and diversity.
- Why this job: Be part of a fast-growing organization with a focus on innovation and process improvement in taxation.
- Qualifications: You need ACA or CTA qualifications and experience in tax accounting, especially in the insurance sector.
- Other info: We value merit and are dedicated to creating an inclusive environment for all employees.
The predicted salary is between 43200 - 72000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
- Assisting with the preparation and submission of the vast majority of tax returns for Starr’s UK and European operations;
- Liaising with tax advisors who support Starr across Europe;
- Assisting with the design, documentation and testing of taxation internal controls leading to supporting annual SAO submission and other regulatory requirements;
- Assisting with the consolidation, improvement, automation and standardisation of existing tax processes from across the UK and European operations.
Roles and Responsibilities
- Assist the Head of Tax by preparing (in conjunction with the external tax advisors) corporation tax returns for the UK and European entities (including European location branches).
- Maintain and improve (in conjunction with the external tax advisors) transfer pricing files, reflecting the operations of the company and its branches.
- Maintain the tax risk register and populating mitigating controls.
- Designing, documenting and reviewing tax controls, used to support general risk management.
- Produce payment on account estimates for periodic settlement to HMRC and European Tax Authorities.
- Production of periodic VAT returns for the UK and European entities.
- Production of periodic IPT returns and submissions via TMF, for the UK and European entities.
- Assist the Head of Tax, Finance Director and Financial Controllers in managing taxation activities relating to the UK and European operations of Starr.
- Implementing and ensure compliance with taxation regulatory changes, such as BEPS Pillar 2.
- Liaise with internal and external auditors to ensure that all taxation information required is produced to a high degree of accuracy and in a timely manner.
- Assist the Head of Tax, together with liaising with the Finance team, with the review of existing reporting processes to improve automation and efficiency; and reduce risk.
- Assist with the production of tax disclosures in the statutory accounts and other regulatory reporting.
- Design and development of process improvements in collaboration with the Finance team to ensure the efficient and accurate production of data.
- Support the Head of Tax to ensure the UK and European operations meet Starr Group reporting deadlines whether these are statutory, regulatory or fiscal, by review of tax deliverables.
Experience
- Industry experience, within an insurance company, favourable;
- Working knowledge of Tax accounting under UK GAAP &/or IFRS;
- Working knowledge of corporation tax requirements imposed by HMRC for insurance companies;
- Working knowledge of VAT requirements imposed by HMRC for insurance companies;
- Working knowledge of IPT requirements imposed by HMRC for insurance companies;
- Experience with Lloyd’s Syndicates as well as insurance companies;
- Awareness of similar tax regimes in European locations (e.g. Malta, Switzerland, Spain, Netherlands, Germany, Slovakia, Czech Republic, etc.); and
- Experience in improving and maintaining taxation accounting procedures and systems.
Skills
- Advanced analysis and problem solving;
- Advanced numeracy;
- Advanced organisational skills;
- Pragmatic and balanced judgment and decision making;
- Professional business writing/presentation skills;
- Able to work effectively in a matrix reporting environment where inter-play to US tax department, local CFO and Malta Financial Controller will be prevalent;
- Ability to liaise with external tax advisors;
- Able to identify process improvements;
Systems & IT
- Microsoft Office: advanced Excel, Word, PowerPoint and Outlook;
- Experience with accounting software;
- Experience using Data Warehouse tools.
Qualifications
- ACA or CTA or similar qualification.
Starr is an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
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Tax Manager employer: Starr Companies
Contact Detail:
Starr Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Tax Manager
✨Tip Number 1
Familiarize yourself with the specific tax regulations and requirements for insurance companies in the UK and Europe. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the insurance and tax sectors, especially those who have experience with Lloyd’s Syndicates. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on recent changes in tax regulations, such as BEPS Pillar 2, and be prepared to discuss how these changes could impact Starr's operations. This shows that you are proactive and knowledgeable about current industry trends.
✨Tip Number 4
Highlight any experience you have with process improvements and automation in tax accounting. Be ready to share specific examples of how you've successfully implemented changes in previous roles, as this aligns with the responsibilities of the Tax Manager position.
We think you need these skills to ace Tax Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Tax Manager position at Starr Insurance Companies. Tailor your application to highlight relevant experience in tax accounting, particularly within the insurance sector.
Highlight Relevant Experience: In your CV and cover letter, emphasize your industry experience, especially any work with insurance companies or knowledge of UK GAAP & IFRS. Mention specific examples of how you've managed tax processes or improved accounting procedures.
Showcase Your Skills: Demonstrate your advanced analytical and problem-solving skills in your application. Provide examples of how you've successfully identified process improvements or worked effectively in a matrix reporting environment.
Professional Presentation: Ensure that your application materials are professionally written and well-organized. Use clear and concise language, and make sure to proofread for any errors. A polished presentation reflects your attention to detail, which is crucial for a role in tax management.
How to prepare for a job interview at Starr Companies
✨Understand Tax Regulations
Make sure you have a solid grasp of UK and European tax regulations, especially those relevant to insurance companies. Be prepared to discuss how these regulations impact the company's operations and your role in ensuring compliance.
✨Showcase Your Analytical Skills
Highlight your advanced analysis and problem-solving skills during the interview. Prepare examples from your past experience where you successfully identified tax process improvements or resolved complex tax issues.
✨Familiarize Yourself with Internal Controls
Since the role involves designing and documenting tax controls, be ready to discuss your experience with internal controls and risk management. Share specific instances where you contributed to improving tax processes or compliance.
✨Demonstrate Effective Communication
As you'll be liaising with both internal teams and external tax advisors, strong communication skills are essential. Practice articulating complex tax concepts clearly and concisely, and prepare to discuss how you've effectively collaborated with various stakeholders in the past.