At a Glance
- Tasks: Support tax compliance and reporting for innovative financial products.
- Company: Join a renowned Financial Services firm with a strong reputation.
- Benefits: Hybrid work model, competitive salary, and professional development opportunities.
- Why this job: Make a real impact on tax strategies in a dynamic financial environment.
- Qualifications: Professional financial qualification or relevant experience in Product taxes required.
- Other info: Collaborative team culture with excellent career growth potential.
The predicted salary is between 60000 - 80000 £ per year.
Rev & Regs is excited to be working with a well-renowned Financial Services firm to hire an Operational Tax Manager. You will support the Head of Product and Operational Taxes on tax business partnering/advice to the business on all business initiatives including advice on potential tax exposures and risks.
Responsibilities:
- Providing tax and technical support on matters relating to Product Tax compliance and reporting to both customers and HMRC.
- Providing subject matter tax expertise to support the technical input/sign-off to the Product, Operational and Marketing teams for projects and updates required in relation to new product launches and legislative changes.
- Ensuring that the business meets its Product tax obligations; including liaison with tax authorities, auditors and advisors as required (e.g. at Tax Year End) and ensuring appropriate processes, controls and investigations are carried out.
- Assisting and supporting in the development and improvement of relevant Product tax systems and processes to deliver an efficient tax service to the business.
- Maintaining a good technical knowledge of relevant Product tax issues, monitoring relevant changes in legislation and assessing the impact of these and providing clear briefing for both tax and non-tax specialists (including providing advice, guidance, and tax recommendations to business managers).
- Identifying and communicating Product tax risks to relevant Risk teams and the business (where appropriate) in a way that is appropriate/understood by both tax and non-tax specialists.
- Maintaining Product Tax Risk Control Frameworks in order to understand the Product tax processes across the Pensions and ISA businesses of the group, and to identify and introduce any necessary and desired changes.
Experience:
- Preferably a recognised professional financial qualification (e.g. CTA, AIIT, CA, ACA etc.) or alternatively an equivalent, relevant Financial Services Industry knowledge and previous experience of Product taxes.
- Preferably a member or fellow of the Chartered Institute of Taxation or with sufficient tax experience to maintain up-to-date professional knowledge relating to Product Taxes.
- Good knowledge of UK Taxes Acts, regulations and HMRC guidance (particularly as they apply to UK pensions and savings product taxes).
- Including an understanding of the key concepts which drive regulation within our markets and an awareness of the key reporting requirements of the FCA and other regulatory bodies where appropriate.
- Ability to develop and maintain an in-depth commercial awareness of the products offered within the Group, including understanding the regulatory requirements and the impacts that these may have on overall business strategy.
- Ability to advise on the production of both internal and external product tax reporting and compliance requirements.
- Ability to review data for trends, to anticipate problems/omissions and consider potential ways to mitigate them.
Location: Hybrid (3 days per week in Surrey office)
Operational Tax Manager in England employer: Rev & Regs
Contact Detail:
Rev & Regs Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operational Tax Manager in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who know about operational tax. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge of UK tax laws and regulations. We want you to be able to discuss how these impact product tax compliance confidently!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've identified tax risks and implemented solutions in past roles. This will demonstrate your value to potential employers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Operational Tax Manager in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Operational Tax Manager role. Highlight your relevant experience in tax compliance and reporting, and don’t forget to mention any qualifications like CTA or ACA that you have. We want to see how your skills match what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role and how your background aligns with our needs. Be sure to mention your understanding of UK tax regulations and how you can contribute to our team.
Showcase Your Technical Knowledge: In your application, demonstrate your technical knowledge of Product tax issues and any relevant legislation changes. We love candidates who can communicate complex tax concepts clearly, so make sure to highlight this skill!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Rev & Regs
✨Know Your Tax Stuff
Make sure you brush up on your knowledge of UK tax laws, especially those related to pensions and savings products. Be ready to discuss how recent legislative changes could impact the business and demonstrate your understanding of the key concepts driving regulation in the financial services sector.
✨Showcase Your Experience
Prepare to share specific examples from your past roles where you've successfully managed product tax compliance or provided tax advice. Highlight any experience you have with liaising with HMRC or auditors, as this will show that you can handle the responsibilities of the Operational Tax Manager role.
✨Communicate Clearly
Since you'll be working with both tax and non-tax specialists, practice explaining complex tax concepts in simple terms. Think about how you would communicate tax risks or compliance requirements to someone without a tax background, as this will be crucial in your role.
✨Demonstrate Commercial Awareness
Familiarise yourself with the products offered by the firm and their regulatory requirements. Be prepared to discuss how these factors influence overall business strategy and how you can contribute to improving tax systems and processes within the organisation.