Tax Reporting Manager London, England
Lloyds Banking Group
Full Time
London, England
71577 - 79530 GBP ANNUAL Today
Job description
End Date
Friday 12 May 2023
Salary Range
£71,577 - £79,530Agile Working Options
Job Description
Tax Reporting Managers help the Group to meet its legal and regulatory filing obligations, and to understand how the tax impacts of its business decisions will affect its capital position – and therefore its ability to operate and Help Britain Prosper.
Bridging the divide between taxes payable today and those deferred, the Group Tax Reporting Team enables LBG to keep on Helping Britain Prosper, every day of the year. (Except bank holidays.)
LBG is the largest taxpayer in the UK. We ensure that the Group meets its tax reporting obligations each quarter. Our award-winning public tax reporting provides transparency to our shareholders and society.
Our customers include the CFO, HMRC and the PRA. We build the tax profile of LBG during the annual 4-Year Operating Plan. Then we imagine what it would look like if the wheels came off as part of stress-testing exercises.
We don’t just deliver the tax impacts of all these things to our friends in the Capital team. We also strive to understand our impacts on our CRDIV position and thereby influence strategy.
About You
You’ll own the process providing IFRS tax charge and balance sheet positions to our colleagues in capital and finance on a monthly basis. Highlighting areas where actual results are interestingly different to the 4YOP budget figures is key.
You'll produce quarterly tax provisions for consolidation ledgers, and support the Tax Reporting Senior Manager in getting to the right answer for the Group. Using judgement to balance technical correctness with practicality and materiality, you're a beacon of integrity.
You'll collaborate with our Tax Reporting Systems Manager, to ensure our forecasting PAX models and the monthly/quarterly processes work well together.
We work in a culture of continuous improvement and a growth mindset. We review what we do and how we do it, yet still achieve the SOx requirements of our annual US 20-F financial documents.
Where you’ll make a difference
- Communicating tax messages to non-tax people, and translating their needs and timelines into something the tax team can understand.
- Helping us decide how we can use PAX (or other technologies) to improve our monthly and quarterly reporting processes.
- Building close network relationships with our key customers in Regulatory Capital, Planning and Analysis, and Stress-Testing teams to understand how tax affects what and how they do their work. Generating outstanding solutions and insights to make their lives easier.
So what are we looking for in you?
- A capable, calm and confident (and qualified) accountant. A firm grip on the importance of sign conventions to provide clear and unambiguous reporting.
- A thoughtful approach to risk and the use of control by design to provide assurance of quality reporting in a time-pressured environment.
- Approachable and adaptable, responsive to the needs of partners who are not necessarily tax capable.
- Inquisitive and intuitive, able to identify weirdnesses and then explain why they do or do not need correcting – and why they are exciting.
It would be phenomenal also if you were able to show us…
- Good experience of deferred tax accounting practice, in particular familiarity with the requirements of CRDIV in respect of tax
- A UK tax qualification, and/or significant experience of working in corporation tax
And in return...
Flexible work arrangements and use of technology to facilitate agile working.
Learn the intricacies of reporting under IAS12 Income Taxes, and IFRIC23 Uncertain Tax Treatments and survive! (no: thrive!). We put you face-to-face to present our perspectives to the most senior members of the Group.
We challenge, we change, and we simplify everything we do. We'll offer you the chance to influence your colleagues and change processes for the better. Forever.
We’ll support you in producing a high quality quarterly reporting output with the help for a large, geographically separated team.
A firm grasp of tax reporting - a key criterion in the appointment of senior professionals - so this role will (frankly) boost your employability to a stratospheric plane of amazingness.
This role can be based in London, Edinburgh or Bristol, as our small team has a presence in each of them.
We follow a hybrid pattern where attendance in the office is dependent on workloads in the reporting cycle, rather than specific days. We observe at least the 2 day minimum, although the team' s average is 2.5 days a week over a six week period, to recognise that at busy times we should be in with our stakeholders more than the minimum, and at quiet times we can come in fewer days.
As well as a competitive salary, you’ll receive:
- A Discretionary Performance Bonus Award
- Generous pension contribution
- 30 days leave plus bank holidays
- Flexible benefits to suit your lifestyle
- Private health cover
- Share Schemes
We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.
Together we make it possible!
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
