Senior Tax Specialist

Senior Tax Specialist

Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage tax affairs, ensure compliance, and advise on strategic growth.
  • Company: Join a dynamic financial services firm focused on innovation.
  • Benefits: Competitive salary, professional development, and a collaborative work environment.
  • Why this job: Make a real impact in tax strategy while enhancing your skills.
  • Qualifications: Experience in tax functions and a relevant professional qualification required.
  • Other info: Opportunity for career growth and involvement in exciting projects.

The predicted salary is between 48000 - 72000 £ per year.

This is a newly created role to manage the tax affairs of 7IM with the opportunity to develop and enhance existing skills, while being accountable to ensure tax compliance and tax consideration for future strategic growth. The role will sit within the External Reporting team, who are responsible for financial reporting (including statutory), tax reporting and regulatory reporting for the 7IM group.

Responsibilities

  • The candidate will have the responsibility for the preparation of tax reporting for the 7IM group taking care necessary controls are in place to ensure accuracy.
  • In addition, the candidate will be responsible for tax horizon scanning making sure all updates to tax legislation are understood and considered on behalf of 7IM and advising the business on such.
  • As well as preparing the relevant submissions, the role requires keeping up to date with technical tax requirements and forthcoming changes and implementing changes to processes and procedures as required.

Corporation Tax

  • Review of the month end accruals for corporation tax and deferred tax and monthly balance sheet reconciliations of recorded tax positions.
  • Liaison with external third party on preparation of the returns (corporate and partnership) and supply of required information.
  • Calculation of the quarterly Payment on Account where relevant.
  • Ensuring that tax computations and returns are filed with HMRC, in correct format, accurate and on a timely basis.

VAT

  • Preparation of the quarterly VAT returns for the UK entities in line with the PESM.
  • Presentation of the VAT returns to the Financial Controller for review prior to submission.
  • Liaison with the wider finance team to ensure processes are correct for appropriate recognition of VAT (e.g., reverse charge, bookings to the ledger etc.).
  • Ensure that VAT returns are submitted in a timely manner together with the payment.
  • Respond to all VAT related queries on a timely basis (using external guidance where required).

Senior Accounting Officer

  • Ensure that adequate controls are in place across the business in relation to taxes as required by the Senior Accounting Officer regime.
  • Maintain documentation in order to support the Bottom-Up Risk Map.
  • Preparation of the Senior Accounting Officer pack and presentation to the Senior Finance for review and approval.

General

  • Provide ongoing support to the business including delivering advice and guidance, particularly on new initiatives, revenue streams etc., and the tax implications.
  • Act as a point of contact for the business with HMRC across all aspects of tax.
  • Co-ordination of the Monthly Tax Governance meetings.
  • Involvement in ad-hoc projects to provide input on tax.
  • Provide ongoing support and advice to the wider finance team on accounting for tax, including VAT.
  • Provide support to the wider finance team, including the preparation of detailed tax calculations, completion of tax forms and journals.

About You

Knowledge

  • Proven experience within a tax function (ideally the financial services sector).
  • Experience in direct and indirect taxes.
  • Previous experience dealing with HMRC.
  • Good commercial awareness; keeps up to date on knowledge and compliance with tax requirements.
  • Team player.

Qualifications

  • Professional qualification in accounting (ACA, CA, ACCA etc) or tax (ATT or CTA).

Skills/Other relevant information

  • Good commercial awareness; keeps up to date on knowledge and compliance with tax requirements.

Senior Tax Specialist employer: Seven Investment Management LLP

7IM is an exceptional employer that fosters a collaborative and innovative work culture, providing Senior Tax Specialists with the opportunity to enhance their skills while contributing to the strategic growth of the company. Located in a vibrant area, employees benefit from a supportive environment that encourages professional development and offers comprehensive benefits, ensuring a rewarding career path in the financial services sector.
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Contact Detail:

Seven Investment Management LLP Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Tax Specialist

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and tax sectors. Attend industry events or webinars where you can meet potential employers or colleagues. Remember, sometimes it’s not just what you know, but who you know!

✨Tip Number 2

Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss recent changes in tax legislation and how they might impact businesses. Show them you’re not just a candidate, but a future asset to their team!

✨Tip Number 3

Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit!

✨Tip Number 4

Apply through our website for the best chance at landing that Senior Tax Specialist role. We love seeing candidates who take the initiative to engage directly with us. Let’s make your application stand out together!

We think you need these skills to ace Senior Tax Specialist

Tax Compliance
Tax Reporting
Financial Reporting
Corporation Tax
VAT Preparation
HMRC Liaison
Risk Management
Analytical Skills
Attention to Detail
Commercial Awareness
Team Collaboration
Technical Tax Knowledge
Process Improvement
Project Coordination

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Senior Tax Specialist role. Highlight your experience in tax compliance and any relevant qualifications like ACA or ATT. We want to see how your skills align with our needs!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for 7IM and how you can contribute to our External Reporting team. Be sure to mention your experience with HMRC and tax legislation.

Showcase Your Technical Skills: We’re looking for someone who’s up-to-date with tax requirements. In your application, mention any specific tools or software you’ve used for tax reporting and compliance. This will show us you’re ready to hit the ground running!

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 the StudySmarter team!

How to prepare for a job interview at Seven Investment Management LLP

✨Know Your Tax Stuff

Make sure you brush up on your knowledge of both direct and indirect taxes, especially as they relate to the financial services sector. Be prepared to discuss recent changes in tax legislation and how they could impact 7IM's operations.

✨Showcase Your Experience

Highlight your previous experience dealing with HMRC and any specific projects you've worked on that involved tax compliance or reporting. Use concrete examples to demonstrate your ability to manage tax affairs effectively.

✨Be a Team Player

Since this role involves liaising with various teams, emphasise your collaborative skills. Share examples of how you've worked with finance teams or other departments to ensure accurate tax reporting and compliance.

✨Prepare for Technical Questions

Expect technical questions related to tax computations, VAT returns, and corporation tax. Practise explaining complex tax concepts in simple terms, as you may need to advise the business on these matters.

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