Head of Private Markets Tax

Company Description

Legal & General is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, aiming to build a better society for the long term by investing our customers’ money in things that make life better for everyone and create value for our shareholders.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We’re recruiting for a new opportunity as Head of Private Markets Tax where you will be a business partner and key point of contact to the Private Markets business in the L&G Group. You will provide innovative solutions to strategic objectives, threats, and opportunities relating to L&G’s Private Markets businesses. The role holder will be expected to work closely with all Private Markets and Group Tax areas and teams, travel to all relevant L&G sites, as well as present at various internal committee and Board meetings.

What you’ll be doing:

1. Leading the development and delivery of all tax business partnering, advisory services, policies, plans and strategies, in relation to the Private Markets business including property taxes, illiquid fund taxation, indirect and operational taxes specialisms, international and transfer pricing and provide innovative and creative solutions to address risks in relation to these areas.
2. Acting as the key point of contact within Group Tax for all tax matters relating to the Private Markets business and lead the development and delivery of all tax business partnering, risk management, compliance, reporting, advice and strategies across all asset classes with support from specialists in the tax team.
3. Ensuring appropriate, cost-effective processes and resources are in place to deliver across these areas including the implementation of appropriate operating models, governance, policies, and risk management frameworks in line with Group policies and procedures.
4. Maintaining good technical knowledge of asset management tax issues specific to illiquid investments (UK and international) and monitor relevant changes in tax legislation for applicability to L&G, assessing impact and being able to provide clear briefing for BUs and non-tax specialists on the relevant issues.
5. Responsible for the appropriate development and training of staff required for the delivery of the tax services to the Private Markets business.
6. Applying judgement and technical skills to provide tax advice and guidance, to the tax leadership team and other senior managers & Directors within Group and the business to ensure sound understanding of asset management tax issues in order to meet financial and business targets.

Qualifications

Who we’re looking for:

1. Qualified Accountant (8+ years PQE), or with sufficient experience of financial accounting to maintain up-to-date professional knowledge.
2. Knowledge of UK Taxes Acts covering corporation tax, income tax, VAT and stamp duty to the extent that they apply to the companies in the group for which tax responsibility is held.
3. Understanding of the key concepts which drive regulation within our markets.
4. Understanding of the general business and financial services environment and regulatory business requirements and its impact on Legal & General’s strategy.
5. Knowledge of the Private Markets business and products and how they interrelate, including knowledge of the operational structures of senior management and their reporting lines.
6. Ability to communicate complex technical issues in a clear, simple manner to a wide audience and to solve complex problems at short notice and under stressed situations.
7. Ability to review for trends, anticipate problems/omissions and consider potential ways to mitigate them.
8. Builds and develops strong relationships with staff, peers and other contacts within the business.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

1. The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes.
2. Generous pension contribution.
3. Life assurance.
4. Private medical insurance (permanent employees only).
5. At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday.
6. Competitive family leave.
7. Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax-efficient salary sacrifice.
8. There are many discounts we offer – both for our own products and at a range of high street stores and online.
9. In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart.

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful, and inclusive, so are always willing to discuss flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we’d love to hear from you.

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