Direct Investments Tax Manager

Legal & General; Cardiff; On-site; GBP 40,000 - 80,000; Full time

Job description

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 Tax Manager to support Insurance and Investments working within Group Tax to support the Head of Insurance & Investments Tax. Primary responsibilities include supporting in the provision of advice on insurance and investment tax matters, including PRT deals, reinsurances, investment structuring and M&A.

What you'll be doing:

1. Supporting the Head of Insurance & Investments Tax as a tax business partner on insurance tax matters, including developing knowledge of and advising on PRT and reinsurance deals, providing practical tax support to corporate development and investment teams in the Institutional Retirement business.
2. Developing and maintaining knowledge of the UK corporation tax regime as it applies to life insurance companies and support the Head of Insurance & Investments Tax on life tax matters.
3. Developing and maintaining knowledge of the relevant tax aspects of the SII regime.
4. Supporting the Head of Insurance & Investments Tax on M&A and investment structuring for the Institutional Retirement business, including developing knowledge of and advising on UK and international investment structuring, bearing in mind the Group’s regulatory requirements.
5. Supporting the Head of Insurance & Investments Tax in delivery of advice to the Corporate Investments Unit, including investment structuring and eventual exit planning.
6. Responsible for the tax compliance and reporting for a portfolio of UK investments.
7. Building relationships with key contacts in the Institutional Retirement, Retail and Corporate Investments divisions to ensure Group Tax are embedded appropriately into commercial activity.
8. Monitoring changes in UK tax legislation, and in particular as relating to life insurance taxation. Support the Head of Insurance & Investments Tax in preparing representations and responses to consultations on prospective changes on behalf of L&G and communicating impacts to stakeholders.

Qualifications

Who we're looking for:

1. Knowledge of UK Taxes Acts including corporation tax, VAT and stamp duty to the extent that they apply to the companies in the group for which tax responsibility is held. Develop and maintain knowledge of the UK corporation tax regime as it applies to life insurance companies.
2. Knowledge of the tax aspects of UK GAAP and IFRS.
3. Develop and maintain knowledge of the relevant tax aspects of the SII regime.
4. Understanding of the corporate tax implications of cross border working within an international business, including residence and PE risk and mitigation strategies.
5. Builds and develops strong relationships with staff, peers and other contacts within the business.
6. Experience of providing tax advice and be able to explain tax technical issues in a clear and concise way to non-tax experts.
7. Prepared to listen to others and work to understand their viewpoint.
8. Ability to create and deliver clear and concise written or verbal reports.

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 (permanent employees only).
8. There are the 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.