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- Tasks: Support the Tax and Trust Team with client advice reports and trust documentation.
- Company: Join Ascot Lloyd, a regulated company dedicated to providing expert tax and trust guidance.
- Benefits: Enjoy training opportunities, a collaborative environment, and a chance to enhance your skills.
- Why this job: Perfect for those passionate about tax planning and eager to make a real impact.
- Qualifications: Experience in inheritance tax planning or relevant qualifications like RO3 and RO4 are essential.
- Other info: This role is ideal for high school and college students looking to kickstart their career.
The predicted salary is between 36000 - 60000 £ per year.
Roletitle:Tax and Trust Assistant
Reportsto:Tax & Trust Specialist
Location: Essex
Hoursofwork:35 hours per week
SMCR Function: This is a Conduct role
Purpose of role
This role will support the in-house Tax and Trust Team. The team supports clients, advisers, paraplanners and the wider business with technical tax and trust information. A significant part of the role will involve providing guidance to advisers and clients on a varied range of tax and trust enquiries and reviewing the technical content for client advice reports, a significant proportion of which relate to inheritance tax planning. A core part of the role will involve reviewing trust reports, trust deeds and trust AML documents to support the advice provided to Ascot Lloyd’s trust clients and to assist the business with meeting regulatory responsibilities. The role would suit a paraplanner with experience in inheritance tax planning trusts and who is looking to utilise and enhance their knowledge in these areas. Training and support will be provided.
Key Responsibilities
- Review Trust client advice reports
- Review and provide commentary on the operation of trust deeds
- Review Trust AML documentation and provide feedback
- Review inheritance tax planning client advice reports
- Provide support on ad-hoc projects undertaken by the Tax Team.
- Safeguard client data in accordance with regulatory requirements.
- Report any compliance issues or suspected compliance breaches to the Team Manager for reporting to the Compliance Team.
SM&CR Responsibilities
As an FCA regulated Company, Ascot Lloyd are required to adhere to the Senior Managers and Certification Regime (SM&CR), to develop a culture where employees take personal responsibility for their own actions.
Individual Conduct Rules
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for clients
Experience / Skills Required
- Passed RO3 and RO4 or have at least 4 years experience preparing inheritance tax planning reports.
- Technical knowledge of inheritance tax planning products, in particular trusts.
- Have familiarity with non-provider trusts and the tax aspects of all trusts
- Excellent communication skills, both written and verbal.
- Highly organised and methodical and able to undertake work with accuracy to meet tight deadlines.
- Team player.
- Confident user of Microsoft Word, Excel and PowerPoint.
- Desire to proactively and continually expand knowledge in the areas of tax and financial products to enhance service delivery for the business and for the client’s benefit.
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Tax & Trust Assistant employer: Ascot Lloyd group
Contact Detail:
Ascot Lloyd group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Tax & Trust Assistant
✨Tip Number 1
Familiarise yourself with the latest regulations and practices in inheritance tax planning and trusts. This will not only boost your confidence during interviews but also demonstrate your commitment to staying updated in this specialised field.
✨Tip Number 2
Network with professionals in the tax and trust sector, especially those who have experience with Ascot Lloyd. Engaging in conversations can provide you with insights about the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that showcase your skills in reviewing trust documents and providing client advice. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your organisational skills by preparing a structured approach to how you would handle multiple tasks and deadlines. This is crucial for the role, and demonstrating your methodical nature can make a strong impression on the hiring team.
We think you need these skills to ace Tax & Trust Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience, especially in inheritance tax planning and trust management. Use specific examples that demonstrate your skills and knowledge in these areas.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the Tax & Trust Assistant role. Mention your familiarity with tax products and your desire to expand your knowledge, as well as how you can contribute to the team.
Highlight Relevant Qualifications: If you have passed RO3 and RO4 or have significant experience in preparing inheritance tax planning reports, make sure to mention this prominently in your application. This will show that you meet the essential criteria for the role.
Showcase Communication Skills: Since excellent communication skills are crucial for this role, provide examples of how you've effectively communicated complex information in previous positions. This could be through client interactions or team collaborations.
How to prepare for a job interview at Ascot Lloyd group
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of inheritance tax planning and trusts. Be prepared to discuss specific products and how they apply to various client scenarios, as this will demonstrate your expertise and readiness for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-life situations. Think of examples from your past experience where you successfully navigated complex tax or trust issues, and be ready to explain your thought process.
✨Demonstrate Your Communication Skills
Since the role involves providing guidance to clients and advisers, practice articulating complex information clearly and concisely. You might be asked to explain a technical concept during the interview, so ensure you can do this effectively.
✨Emphasise Your Organisational Skills
Given the need to manage multiple tasks and meet tight deadlines, be prepared to discuss how you stay organised. Share specific tools or methods you use to prioritise your workload and ensure accuracy in your work.
