Tax Reporting & Risk Manager required to manage the provision of consolidated reporting numbers, forecasts and external disclosures as well as wider tax disclosures and management of the tax transparency approach within the Group. 

PURPOSE

To manage the provision of consolidated reporting numbers, forecasts and external disclosures as well as wider tax disclosures and management of the tax transparency approach within the Group. 

To lead the operation of a Tax Risk Management Framework across the Group to in line with the Group’s wider risk processes and approach to ensure that tax risks are appropriately documented, managed, monitored and escalated; work with HMRC in a low risk manner, clean Senior Accounting Officer sign-off is achieved annually. Responsible for tax strategy publication and supporting Group Tax in communicating and evidencing L&G’s tax strategy. The role holder will be responsible for liaising with BUs, tax colleagues and HMRC to ensure our approach to Tax Risk is understood and applied consistently around the Group.

To support the development and use of technology within Group Tax.

To provide support to the Head of Tax Compliance Reporting and Risk on group wide compliance matters as required.

PRINCIPAL ACCOUNTABILITIES:

Manage the production of the year-end and interim group IFRS consolidated tax charge and tax disclosures with support from the Compliance and Reporting Manager including the preparation of Audit Committee papers and briefing packs for the relevant stakeholders in respect of the consolidated tax position.

Quarterly review of the Group’s Solvency II tax balance sheet, and input into regulatory tax disclosures.

Assist the Head of Tax Compliance, Reporting and Risk in liaising with the Group’s external auditors to obtain final audit clearance of the Group consolidated tax provisions, reconciliation and disclosure notes;

Responsible for the disclosures in the front half of the R&A, CSR report, tax internet and tax intranet pages.

Responsible for the management of tax risk across the group including developing and managing a tax risk framework and ensuring tax policies are in place where appropriate.  To lead the development and operation of the Tax Risk Framework across the Group and maintain an up to date view of the Group’s tax risks.

Secretary to the tax risk committee and ensure approach to tax risk management and SAO compliance is appropriate, consistent across the Group and with the wider Group approach to risk management.

Responsible for completing the Senior Accounting Officer disclosures annually and ensuring processes in place to support a clean sign-off annually.  Communicate the L&G approach to tax risk management to HMRC and ensure this fits with operation as a Low Risk taxpayer.

Responsible for tax strategy publication and regular review, including communication of tax strategy within the business and evidencing compliance with the strategy.

Responsible for supporting the regular review and maintenance of the Group’s tax policies.

Monitor all legislation changes and consultations and co-ordinate training for the team, details of who is involved in which areas and input on tax matters to the Emerging Risk bulletins produced by Group Risk.

As required work closely with other members of the Compliance and Reporting team to provide additional oversight and review of group corporate tax compliance processes, including tax payments, group relief settlements and claims & elections.

Provide tax expertise and assistance on Group and Business Projects as requested by the Head of Tax Compliance, Reporting and Risk, Head of Tax Advisory or Chief Tax Officer;

KNOWLEDGE & SKILLS REQUIRED FOR THE ROLE

Professional knowledge and qualifications

Qualified Accountant , or with sufficient experience of financial accounting to maintain up-to-date professional knowledge.

Member or fellow of the Chartered Institute of Taxation or with sufficient tax experience to maintain up-to-date professional knowledge.

Statutory and regulatory legislation

Knowledge of UK Taxes Acts covering corporation tax, income tax, VAT, IPT, NIC and stamp duty to the extent that they apply to the companies in the group for which tax responsibility held.

Knowledge of the tax aspects of UK GAAP and IFRS.

Up to date working knowledge of all proposed current financial developments and their potential impact, including International Accounting Standards.

High level knowledge of the key reporting requirements of the FSA and other regulatory bodies where appropriate.

Understanding of the key concepts which drive regulation within our markets.

Business/Commercial

Have an understanding of the general business and financial services environment and regulatory business requirements and its impact on Legal & General's strategy.

Practical knowledge of each of the Group's businesses and how they interrelate including a knowledge of the operational structures of senior management and their reporting lines.

Develops and maintains a working knowledge of the Group's policies and procedures including the Group’s risk management framework.

Develops and maintains a commercial awareness of all businesses and products offered within the L&G Group.

Reporting requirements

Ability to manage the production of both internal and external financial reporting documentation and announcements.

Systems and IT

Knowledge of L&G Group’s UK general ledger and management reporting system.

Sound working knowledge of Microsoft Office products including Excel, Word, Outlook and Powerpoint.

Detailed application of the department’s specific tax software packages.

Skills Category

Communication

Communicate complex technical issues in a clear, simple manner to a wide audience.

Prepared to listen to others and work to understand their viewpoint.

Ability to create and deliver clear and concise written or verbal reports.

Open, actively seek to discuss issues and share information.

Ability to adapt approach to suit audience.

Analytical ability

Assimilates complex information, identifies key issues, implications and consequences.

Ability to review for trends, anticipate problems/omissions and consider potential ways to mitigate them.

Be able to take ‘big picture’ approach.

Leadership

Prioritisation, planning and organisation of multi task/person assignments.

Works with and provides guidance and support to other teams.

Works to build contacts within the organisation.

Practice effective delegation: clear explanations, establish capabilities, use as an opportunity to develop, monitor progress and provide constructive feedback.

Initiative

Proactively seeks solutions to problems.

Ability to progress idea/solution by undertaking extra tasks proactively.

Judgement

Clarifies objectives, aims, timescales and required outcomes.

Obtains appropriate factual data to assist in decision-making.

Ability to make judgement calls where appropriate without referral to senior manager

Managing Relationships

Builds and develops strong relationships with staff, peers and other contacts within the business.

Builds and develops strong relationships with HMRC and overseas fiscal authorities, tax advisors and industry groups

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 25 days' holiday (plus one day after two years), private medical insurance, performance related bonuses, a variety of share schemes, discounts at both a huge range of high street stores and our own great products, your hard work will be rewarded when you join us.

Our view is that this role is suitable for agile working. This means we would consider a more flexible working arrangement, where your hours and work location are managed according to business, customer and personal needs. For this role, you would be based in London, but you could work in other Legal & General offices or at home, as necessary, provided this meets business needs. Details of agile working will be discussed during the interview process.

For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at lynn.morriss@landg.com