Tax Reporting Manager

London
£78849 - £87610 per annum + Benefits
17 Apr 2024
01 May 2024
111477
Lloyds Banking Group
Approved employer
Tax
Permanent
Full time
Qualified accountant

JOB TITLE: Tax Reporting Manager

SALARY: £78,849 - £87,610

LOCATION(S): London Gresham Street

HOURS: Full time

WORKING PATTERN: Hybrid, 40% (or two days) in our Gresham Street office

About this opportunity

We have an opportunity for an experienced Tax professional to join our team in London as a Tax Reporting Manager. This role helps us to meet our legal and regulatory filing obligations, and to understand how the tax impacts of our business decisions will affect our capital position - and therefore its ability to operate and be the best bank for customers. As a Manager, you'll be part of a highly collaborative team and enjoy seeing the influence of your work. The current pace of change makes this an exciting time to join the Group Tax department!

Smoothly bridging the divide between taxes payable today and those deferred, the Group Tax Reporting Team enables LBG to ensure that the Group meets its tax reporting obligations each quarter, and that our public financial documents provide useful insight to our shareholders and society.

We don't just work out how much cash tax the Group has to pay to HMRC each year, we then tell everyone all about it in our acclaimed Tax Strategy document. We model the tax profile of the Group as part of the Group's annual exercises on operating plans, we then also interact and model within stress-testing exercises. We provide the tax impacts of all these things to our partners in Capital teams, and we also strive to understand our impacts on the CRDIV position of the business and thereby influence strategy.

Day to day you'll be;

  • Working collaboratively with the rest of the team at month and quarter ends to enable delivery of the IFRS tax charge and balance sheet positions, building on the relationships you have created with the wider tax team (across our hub locations) and with finance, capital and audit partners.
  • Reviewing tax provisions made by other teams, and provide support to them in getting to the best answer, using judgment to balance technical correctness with practicality and materiality.
  • Responsible for maintaining and updating monthly and quarterly models, working with capital and financial customers to understand their drivers, agree results and timelines, and to tailor information to their needs.
  • Reviewing processes and how we can do it more efficiently, yet still meet the SOx requirements of our annual US 20-F financial documents.
  • Building close relationships with our key customers in Regulatory Capital, Planning and Analysis, Strategic Decision Support, and Stress-Testing teams to understand how tax affects what and how they do their work, providing solutions and insights in a collaborative manner.

About us

If you think all banks are the same, you'd be wrong. We're an innovative, fast-changing business that's shaping finance as a force for good. A bank that's empowering its people to innovate, explore possibilities and grow with purpose.\

What you'll need

  • A capable and confident (and qualified) accountant, with a positive approach in providing clear and unambiguous reporting.
  • Ability to articulate technical points in language that is straightforward for a non-tax-specialist to comprehend.
  • Ability to work with large data sets, in accounting systems (SAP/Fusion), and like see how things fit together.
  • Approachable and adaptable approach, responsive to the needs of partners who are not necessarily tax aware.
  • Inquisitive and intuitive nature, with the ability to identify issues and then explain why they do or do not need correcting - and why they are exciting.

And any experience of these would be really useful

  • Experience of deferred tax accounting practice, in particular familiarity with the requirements of CRDIV in respect of tax.
  • A UK tax qualification, and/or experience of working in corporation tax.
  • A good understanding of risk expectations for a tax function impacted by SOx, Senior Accounting Officer and Public Tax Strategy regimes.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it's why we especially welcome applications from under-represented groups.

We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

  • A generous pension contribution of up to 15%
  • An annual bonus award, subject to Group performance
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 30 days' holiday, with bank holidays on top
  • A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that's interesting and makes a difference to millions of people? Join our journey.