Senior Tax Manager
Great Lakes Insurance SE
London , United Kingdom
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About Great Lakes Insurance SE:
As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities connected to the reinsurance core business and progress opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and with branch offices in UK, Ireland, Switzerland, Italy and Australia.
Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.
About the role: We are looking for a UK tax specialist to lead on corporation tax reporting matters (IFRS, UK GAAP and Solvency II) and to oversee other areas within the team’s remit (VAT, IPT and general advisory matters). While we are looking for somebody with technical expertise in tax reporting, you do not need to be a technical expert in indirect tax matters – rather, to have the confidence to get to the bottom of why things are as they are and to ask questions. This would be an exciting role for a corporate tax reporting specialist looking for more range in their next role.
We are looking for somebody with the energy and enthusiasm to guide project work forward, to manage our relationship with HMRC and to represent the tax function and to take ownership of the work the team produces in front of senior stakeholders. you will report into Head of Tax and UK Shared Services. You will work on a hybrid working model.
Lead on tax reporting (IFRS, UK GAAP and Solvency II) for several key re/insurance entities and service companies, providing a key interface between the UK tax team and the regulatory reporting team in the UK / Group Tax in Munich
Contact for senior stakeholders across the businesses on tax matters.
Advise on UK tax matters, able to take a pragmatic approach to tax advice and engaging advisers.
Manage advisers (and advisory spend) on projects, ad hoc work and throughout the UK corporation tax compliance cycle.
Oversight/sign-off of UK VAT compliance and IPT compliance (all jurisdictions apart from the UK are outsourced).
Work with all teams across UK Finance to ensure seamless processes through quarter end closing.
Direct work You provide direction and delegate to others, empowering and trusting others to complete work.
Accountability You hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their actions.
Strategic mindset You look, plan and move into the future with clear intentions and purposeful actions, and make decisions today to lead the business towards its future goals.
Manage complexity You make sense of complex and sometimes contradictory information, learning and sharing along the way.
Being resilient Setbacks are unavoidable, however you recover quickly, learn and move forward with courage and commitment.
Develop talent You develop the team to meet both their career goals and organisational goals, promoting a diverse and inclusive workforce.
Optimises work processes You know the most efficient processes for proactiveness and are constantly assessing how it can be done better.
Resourcefulness You find a way to work with the resources available to you to complete a task.
Communication You communicate effectivley with your audience. You also share ideas, learn from others and keep stakeholders informed about problems, opportunities, progress and solutions.
Collaborate You work together with others in your team, the department and wider business (where relevant) to meet shared goals.
Learn You learn by resolving new problems and trying out new solutions and quickly learning from both successes and failures.
Excellent knowledge of UK corporation tax and a keenness to develop a sound knowledge of UK VAT and IPT principles.
Post-qualification experience working in an in-house tax team, with responsibility for IFRS and UK GAAP tax accounting.
Communicate with both tax specialists and non-tax specialists alike, both in person/online and in writing.
Financial services experience/interest.
Qualifications and Educational Requirements:
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be a mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to help create an inclusive culture.
You will treat your colleagues and sales and partners fairly and with respect.
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, the role will be responsible for: Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.
Here at Munich Re we want to offer our staff the opportunity to grow in an exciting, driven and diverse working environment. We believe that your enthusiasm to apply your outstanding knowledge crafts the future, the future of our clients, of Munich Re and of course your own.
Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.