Tax Reporting Manager

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind-the-scenes.  It’s up to us in L&G Group functions – which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Comms to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we’re helping to improve our customers’ lives, and contributing to the success of the business every day.

Your role at a glance

Responsible for the quarterly group tax reporting and preparation of the consolidated tax disclosures

for the statutory accounts under IFRS. This role also includes other regulatory reporting

responsibilities such as Solvency II tax reporting and CbCR.

Additionally this role is responsible for the tax compliance for a number of Group Head Office

companies and supports the wider tax compliance and reporting function as required.

It is anticipated that this role will support other projects as required, particularly from a reporting,

technology, data, and process perspective.

What you'll be doing

• You will be responsible for the production of the consolidated tax disclosures and associated briefing materials under IFRS SII for the Group and for L&G’s principal insurance company LGAS.
• You will carry out quarterly reporting and forecasting timetables in conjunction with Group External Reporting and Group Performance Teams.
• You will lead on technical tax accounting matters as they pertain to Group Reporting, building, or maintaining a good knowledge of IAS 12 and other relevant accounting standards, including the application to Solvency II tax reporting.
• You will be responsible for completion of the corporation tax computations and returns (using Alphatax software) for the Group Head Office companies and responding to HMRC queries. Expense analysis for Group Head office companies, including review of provisions held at Group level. Review of entity tax disclosures for the statutory accounts.
• You will prepare and/or review of the Group’s share-based payments workings for deferred and current tax, the former prepared by accounting teams.
• You will produce the Group’s annual CbCR report and Pillar II “safe harbour” calculations, oversight of required notifications and support with data requirements for the implementation of Pillar II.
• You will build knowledge to become SME in respect of the Onestream tax consolidation module to support Business Units with their tax submissions.
• You will support the Chief Tax Officer and Head of Tax Operations with tax projects as they arise. Support other members of the tax team with ad hoc queries, projects and transactions as required. Provide tax accounting input into advisory papers as appropriate.
• You will liaise with key finance and business contacts to build networks to ensure smooth management and communication of the reporting process. Represent Group Tax across the business and become the key point of liaison for reporting matters. Lead on Business Partnering with the Group External Reporting team.
• Ensure all activities are carried out in line with our Treating Customers Fairly accountability.

• Qualified Accountant desirable, otherwise with sufficient experience of
• financial accounting to maintain up-to-date professional knowledge.
• Member or fellow of the Chartered Institute of Taxation desirable, otherwise
• with sufficient tax experience to maintain up-to-date professional knowledge.

Knowledge:

• Statutory and regulatory legislation
• Knowledge of UK Taxes Acts, specifically in relation to corporation tax to the extent that they apply to the companies in the group for which tax responsibility held.
• Knowledge of IAS 12 and other tax aspects of UK GAAP and IFRS.
• Develops knowledge of SII reporting requirements of the PRA and those of other regulatory bodies where appropriate.
• Develops understanding of the key concepts which drive regulation within our markets.

Business/Commercial:

• Understanding of the general business and financial services environment and regulatory business requirements and its impact on Legal & General's strategy.
• Develops 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.
• Systems and IT
• Develop knowledge of L&G Group’s Consolidation System and UK general ledger.
• Sound working knowledge of Microsoft Office products in particular Excel,
• Word, Outlook, and PowerPoint.
• Detailed application of the department’s specific tax software packages.

Communication: 

• Communicate 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.
• 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.

Initiative

• Seeks solutions to problems with support.
• 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.

Managing Relationships

• Builds and develops strong relationship

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 27 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.