Group Tax Reporting Manager


Posted: 25/07/2017

  • Salary: GBP 450 per day - GBP 500 per day
  • Location: London
  • Job type: Contract
  • Reference: BBBH138279

Role Purpose

  • To support the Head of Tax Reporting in leading the reporting and forecasting of taxes across the Group in particular:
    • To ensure the Group are compliant with the International Accounting Standard for Tax (IAS12) and appropriate and accurate tax disclosures are internally and externally;
    • To ensure Group Tax policies and processes are properly implemented and consistently applied
    • To streamline reporting and forecasting processes across the Group and to maximise efficiencies
  • To support the following key outputs:
    • Quarterly interim reporting and Annual Report and Accounts for the Group and the Bank
    • Annual PRA Stress test
    • Bi-Annual EBA Stress Test
    • Annual CRD IV Country-by Country Reporting
    • Annual BEPS Country by Country Reporting
    • Quarterly UK Group Payment Arrangement Calculations
    • Annual Operating Plan (5-year forecast)
    • Financial modelling for ad-hoc projects (eg ring-fencing, HQ domicile, planning initiatives etc)
  • To support the Head of Tax Reporting in implementing and maintaining the global tax risk framework and supporting governance and reporting requirements

Principle Accountabilities

  • To identify, mitigate and manage tax risks across the Group and to ensure that risks are accurately captured and reported and that key controls are effective.
  • To provide tax accounting advice and support across the Group to ensure that sites accurately calculate and report tax in accordance with latest accounting standards and Group policies.
  • To develop and maintain tax reporting models that accurately provide the appropriate tax inputs into the Group's forecasting and stress testing.
  • To reshape the reporting of taxes across Europe and establish / support a centre of excellence offshore.

Customers & Stakeholders

  • Group Finance, regional Tax/Finance functions and external auditors
  • Senior management: being able to report clearly and concisely to senior management on tax accounting and reporting with an improved qualitative analysis.
  • Support regional Tax functions in ensuring the accuracy and quality of tax reported numbers and changing policies and procedures.
  • Close working with Finance technical accounting, consolidation and MI specialists.
  • Support tax reporting managers and CAOs across Europe.
  • Prompt, accurate, clear and practical advice provided to the regional Tax/Finance function to facilitate timely tax reporting to Group and to senior management.

Operational Effectiveness & Control

  • To advise proactively regarding developments in tax reporting processes and policies.
  • To exercise best judgment with regard to the application of conflicting business, regulatory and fiscal imperatives, to make decisions and to ensure recommendations are clearly understood.
  • To review tax numbers reported by the regional Tax functions.
  • To ensure reporting processes are appropriately documented, risk-assessed and have robust operating controls.
  • Maintain strong IFRS knowledge.
  • Maintain documented SOX tax reporting procedures and policies.

Major Challenges

  • Ability to navigate a complex organisation - role holder will need to have a proactive can-do attitude and be able establish relationships with a large number of stakeholders in order to be effective in the role
  • Ability to engage and influence the wider organisation and effectively deliver change at a time when the organisation is facing significant cost pressures
  • Ability to work dynamically to meet requirements that may change at short notice
  • Ability to work to tight deadlines and to deliver under pressure
  • Working at pace throughout the year

Role Context
The jobholder is expected to:

  • Work with a very high degree of independence and to act with initiative, under the overall supervision of the Head of Group Tax Reporting.
  • Exercise sound judgment.
  • Demonstrate credibility in dealing with a range of business colleagues and external bodies (e.g. external auditors).
  • Jobholder must be aware of the associated business and tax risks involved in carrying out their duties and management of them appropriately.
  • Jobholder will also continually reassess operational risks associated with the role and inherent in the business, taking account of changing legal and regulatory requirements, operating procedures and practices, management restructurings and the impact of new technology.

Knowledge and experience

  • Qualified tax professional (preferably Chartered Accountant and/or Chartered Institute of Taxation or equivalent).
  • Specialist knowledge and experience in IFRS tax reporting.
  • Specialist experience in financial services preferred.
  • Experience in managing process change.
  • Strong communication, problem solving, analytical and project management skills.
  • Commercial awareness and sound judgment.

McGregor Boyall is an equal opportunity employer and do not discriminate based on race, religion, gender, age, sexuality, gender identification, or physical ability.