At a Glance
- Tasks: Manage tax operations for private equity and credit fund clients, ensuring compliance and efficiency.
- Company: Join Macfarlanes, a leading law firm known for its collaborative and supportive culture.
- Benefits: Gain valuable experience, mentorship, and opportunities for professional growth in a dynamic environment.
- Other info: Inclusive workplace committed to diversity and personal development.
- Why this job: Be part of a team that tackles complex tax challenges and makes a real impact.
- Qualifications: Qualified CPA/CTA with 5+ years of relevant experience and strong communication skills.
The predicted salary is between 56700 - 69300 £ per year.
We are recruiting a Tax Manager to join our Outsourced Tax Management team within the Tax & Reward practice.
About Macfarlanes: Macfarlanes is a pre-eminent law firm that serves a global client base in private capital, private wealth, M&A and disputes. Personal connection, an entrepreneurial spirit and a commitment to excellence are at the heart of our firm. These values drive our ability to deliver exceptional outcomes for our clients. We are big enough to undertake the most complex and demanding mandates yet small enough to know each other well and to be agile, adapting to the needs of our clients. We seek to strengthen the firm by recruiting talented people from all backgrounds who want to build long-lasting and impactful careers with us. Our culture is challenging and supportive, creating an environment where individuals can thrive.
What this means for you: Joining Macfarlanes means being part of a collaborative, Partner-led team where you’ll develop and learn from experienced lawyers and business professionals. Our size means you’ll be given genuine responsibility early on and often be involved at the heart of client matters, gaining insight into how our high-quality legal advice is developed and delivered to help clients overcome their most pressing issues. You’ll work closely with senior colleagues who are approachable and who want you to succeed. You’ll be encouraged to get involved in client and business development activities, and you’ll be recognised for your contribution. The majority of our work has a cross-border focus, so you’ll often collaborate with global clients and specialist advisers in overseas jurisdictions. You’ll build connections with international law firms, broaden your experience, and be part of a multidisciplinary team that comes together to achieve the best results. We also place real importance on your development. Our training and mentoring programmes are second to none, and designed to help you strengthen your legal and commercial skills. Above all, you’ll be part of a firm where we all work together as part of a cohesive and supportive team, where you’ll be recognised and appreciated, and encouraged to succeed.
The team: Our Tax & Reward group is rated as one of the leading tax advisory practices in the City. As with any tax practice in a City law firm, a proportion of our work is transaction-based, supporting corporate, financing, real estate and investment fund transactions. However, a substantial and increasing part of our practice involves giving free-standing tax advice to clients of the group. Our Outsourced Tax Management team provides private fund managers with scalable, cost-effective tax support without the overhead of building out an in-house tax function. The team manages entity establishment and onboarding, ongoing tax operations, tax filing and compliance oversight, executive tax support, and deal support for private equity and credit fund clients, working collaboratively across a range of U.S., U.K. and other cross-border tax matters.
The role: This role sits within the Outsourced Tax Management team, which is part of the broader Tax and Reward practice at Macfarlanes. The role works alongside Senior Tax Advisors and Client Account Analysts to manage and oversee day-to-day tax operations for private equity and credit fund clients. Key duties will include:
- Overseeing tax return preparation and reporting processes for fund clients, including FATCA/CRS and other filings;
- Managing entity establishment and onboarding projects, including obtaining tax IDs, registering/deregistering with local jurisdictions for tax purposes, and making withholding tax applications;
- Liaising with clients and relevant parties, including custodians, service providers, investors and other counterparties across various jurisdictions, for account setup purposes;
- Communicating with investors and investment counterparties regarding tax requests and queries, and reviewing tax provisions in side letters and other legal documents;
- Identifying, assessing and analysing the tax implications of strategic initiatives or transactions;
- Coordinating closely with wider tax and legal team members responsible for specific tax areas and jurisdictions, including U.S. international tax (or other jurisdictions), withholding tax and cross-border reclaims, to ensure client service is delivered end to end;
- Conducting tax research, analysing cross-border tax issues and drafting technical memos related to specific client matters;
- Assisting founders and key executives with personal tax needs, including executive tax statements, tax distributions and remuneration/tax planning, coordinating with their personal tax advisers;
- Monitoring key tax legislative developments and market trends relevant to clients' businesses to ensure ongoing compliance;
- Supporting the training and development of junior team members, sharing knowledge and experience across the wider team.
This job description encompasses the main duties of the role and is by no means exhaustive. It is anticipated that duties may vary from time to time according to the needs of the practice area.
The candidate: Skills and attributes for success:
- Qualified CPA/CTA or equivalent, with at least 5 years of relevant experience, ideally gained at a Big Four or comparable professional services firm;
- Practical understanding of U.S. international tax concepts, with experience advising asset managers and institutional investors on cross-border tax reporting matters;
- Experience in advising clients on the tax aspects of private equity and/or private credit fund structures;
- Self-motivated, organised, and committed to providing high quality support in a practical, client-facing context;
- Strong attention to detail, along with excellent time management skills and a meticulous approach to work;
- Willingness and ability to learn new concepts with minimal guidance;
- Proactive, with the ability to work independently and take responsibility for work product;
- Excellent verbal and written communication skills.
The Outsourced Tax Management team has a progression and development framework designed to equip our people with the range of skills and knowledge needed to be effective in their roles. Coaching will be provided on joining to train the candidate on administrative and other required skills, and the candidate will be supported in obtaining relevant tax qualifications in the longer term as necessary.
Application screening: Any offer of employment with us is subject to our pre-employment checks which are conducted by a third-party screening provider. These checks will be initiated with your consent, and your CV will be sent to the provider by us. The screening will include but is not limited to your employment references, professional and academic qualifications including grades and any criminal records. Your offer will be subject to the successful completion of these checks.
Our commitment to inclusion: Inclusion is one of our key priorities and it is a goal we are actively working towards. We believe that an inclusive, forward-thinking culture is intrinsically important and enables us to provide innovative solutions to our clients. We welcome applications from people of all backgrounds, bringing different perspectives and experiences, making Macfarlanes an exciting and stimulating place to work. We seek to recruit the best candidates, regardless of age, gender, race, ethnicity, social or economic background, religion, disability, sexual orientation or any other characteristic.
As part of this commitment, we will ask you certain diversity data questions. We would really appreciate you and/or your recruiter completing these questions when submitting an application to Macfarlanes as this data enables us to measure our progress and identify any actions needed to continue to support an inclusive culture. This data is anonymised to maintain the privacy of applicants. If you have any questions relating to how this data is used, please contact a member of the recruitment team.
Should you require any adjustments during the application and/or interview process, please do not hesitate to inform your recruiter or a member of the recruitment team. Please note, the job description is available in other accessible formats (for example, large print). We are a Disability Confident Employer and will offer an interview to disabled applicants who best meet the essential criteria for the role. If you would like to apply through the Disability Confident Interview Scheme, please email the recruitment team at recruitment@macfarlanes.com.
Tax Manager employer: Macfarlanes
Macfarlanes is an exceptional employer that prioritises professional growth and development through its PA Academy, offering a structured 16-month rotational programme in the vibrant setting of Greater London. With a strong emphasis on teamwork and communication, employees benefit from a supportive work culture that encourages proactive engagement and skill enhancement, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Tax Manager
✨Join Tax Networks
Get involved in tax-focused networks or associations, like the Chartered Institute of Taxation. These communities often host events and workshops which can help you make connections with industry professionals, plus they might even have job boards exclusive to members.
✨Attend Industry Events
Keep an eye out for tax-related conferences and seminars. Events like these are not only great for learning but also for meeting potential employers face-to-face. Use these opportunities to ask questions and express your interest; it’s all about putting a face to the name!
✨Leverage Social Media
Follow leading tax advisory firms, such as Macfarlanes, on social media. Engage with their posts – comment, share insights, or even ask questions. This can help you get noticed and show your enthusiasm for the industry before you even apply!
✨Showcase Your Knowledge
Consider writing articles or blogs on tax trends and issues. Sharing your expertise on platforms like LinkedIn can boost your visibility and establish you as someone who is serious about a career in tax advisory. Plus, it gives you something to discuss when you land that interview!
We think you need these skills to ace Tax Manager
Some tips for your application 🫡
Show Off Your Tax Knowledge:Make sure your CV highlights any relevant tax qualifications, certifications, or coursework you've completed. We want to see that you understand tax laws, regulations, and compliance issues—so detail your academic background or any practical experience in tax advisory to catch Macfarlanes's eye!
Quantify Your Achievements:In the tax consultancy field, showing measurable outcomes from your previous work can set you apart. Use your CV to include specific examples of how your advice helped clients save money or avoid penalties. Numbers speak volumes in our industry and can really highlight your impact.
Tailor Your Cover Letter:Your cover letter is your chance to express why you're passionate about tax consultancy and why you're excited about working at Macfarlanes. Share any personal experiences or insights that fuel your interest in the tax advisory field—let your enthusiasm shine through!
Keep It Professional but Approachable:While your written application should maintain a professional tone, don’t be afraid to let a bit of your personality show. Tax advisory is about building relationships, so if you can convey your approachable nature in your writing, that's a bonus when applying for this full-time role at Macfarlanes!
How to prepare for a job interview at Macfarlanes
✨Know Your Tax Fundamentals
Brush up on the core principles of tax law, especially recent updates that might affect clients. During the interview, we could face scenario-based questions where we'll need to apply these principles to solve problems, so get comfy with hypothetical situations!
✨Show Your Analytical Skills
Tax advisory isn't just about knowing the rules; it’s about interpreting them. Make sure to prepare examples from your previous studies or experiences where you successfully analysed complex data. We want to demonstrate how we can bring those analytical skills to the table for Macfarlanes.
✨Understand the Consulting Aspect
Since this is a full-time role, the interview might involve discussing how we communicate tax strategies to clients. Think about times we've interacted with clients or presented technical information in a digestible way. This shows we’re not just tax boffins but can also connect with people!
✨Your Long-Term Vision
As we're aiming for a full-time position, it's important to convey our enthusiasm and long-term interest in tax advisory. Be prepared to chat about why we’re passionate about this field and how we see ourselves growing within Macfarlanes. It helps to show our commitment!
