Tax Manager

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.

We’re currently recruiting for a Product Taxes Manager to join us here at L&G. We’re offering a competitive base salary, great benefits and the opportunity to get involved with  interesting and varied work associated with Product taxes across the Group’s Retail Product offering. Whilst this primarily relates to Pensions, knowledge of ISAs, FATCA, CRS and other Product Taxes would also be helpful.

What you'll be doing:

• Supporting the Head of Product Taxes on tax business partnering/advice to the business on all business initiatives including advice on potential tax exposures and risks. This will include assisting and making recommendations to more senior staff within the business so that the business is able to meet its commitments and obligations. 
• Providing tax and technical support on matters relating to Product Tax compliance and reporting to both customers and HMRC.
• Providing subject matter tax expertise to support the technical input/sign-off to the Product, Operational and Marketing teams for projects and updates required in relation to new product launches and legislative changes. This will include ensuring that the business meets its Product tax obligations; including liaison with tax authorities, auditors and advisors as required (e.g. at Tax Year End) and ensuring appropriate processes, controls and investigations are carried out. 
• Assisting and supporting in the development and improvement of relevant Product tax systems and processes to deliver an efficient tax service to the business.
• Maintaining a good technical knowledge of relevant Product tax issues, monitoring relevant changes in legislation and assessing the impact of these to L&G and providing clear briefing for both tax and non-tax specialists (including providing advice, guidance, and tax recommendations to business managers).
• Identifying and communicating Product tax risks to relevant Risk teams and the business (where appropriate) in a way that is appropriate/understood by both tax and non-tax specialists.  
• Developing and maintaining an appropriate stakeholder network across the Group itself and externally, which will include liaising with key business contacts as well as relevant 3rd parties, industry bodies and advisors/consultants to ensure the smooth management, communication and resolution of Product tax issues.
• Maintaining Product Tax Risk Control Frameworks in order to understand the Product tax processes across the Annuities, Pensions and ISA businesses of the group, and to identify and introduce any necessary and desired changes.  Ensuring consistency across different business units where similar products are administered.

Who we're looking for:

• Preferably a recognised professional financial qualification (e.g. CTA, AIIT, CA, ACA etc.) with a minimum of 4 years' post-qualifying experience. Or alternatively an equivalent, relevant Financial Services Industry knowledge and previous experience of Product taxes.
• Preferably a member or fellow of the Chartered Institute of Taxation or with sufficient tax experience to maintain up-to-date professional knowledge relating to Product Taxes.
• Good knowledge of UK Taxes Acts, regulations and HMRC guidance (particularly as they apply to UK life & pensions and savings product taxes). Including an understanding of the key concepts which drive regulation within our markets and an awareness of the key reporting requirements of the FCA and other regulatory bodies where appropriate.
• Ability to develop and maintain an in-depth commercial awareness of the products offered within the L&G Group, including understanding the regulatory requirements and the impacts that these may have on Legal & General's overall business strategy.
• Ability to advise on the production of both internal and external product tax reporting and compliance requirements.
• Strong communication skills (both written and verbal) with the ability to disseminate technical issues in a clear, simple manner to a wide audience with varying levels of tax knowledge,
• Ability to review data for trends, to anticipate problems/omissions and consider potential ways to mitigate them.
• Ability to take a ‘big picture’ approach when seeking relevant solutions for problems by obtaining appropriate factual data to assist in decision-making and clarifying the objectives, aims, timescales and required outcomes.

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: 

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes  
• Generous pension contribution  
• Life assurance   
• Private medical insurance (permanent employees only) 
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday 
• Competitive family leave 
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice 
• There are the many discounts we offer – both for our own products and at a range of high street stores and online   
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

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 discussing 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.