Tax Reserves Manager
Newly created Tax Reserves Manager position now available at global law firm.
Working in a team of 20 people, as the Tax reserves Manger you will be responsible for how the firm manages the partners personal tax, in particular managing the retained tax when making partner distributions and balances held from the partners.
Specific duties include:
- Develop a detailed understanding of the tax systems of the territories in which the firm operates in relation to partner tax reserves
- Set up of tax reserves both in GBP and in currency, for both equity and employee/consultant partners, and subsequent reconciliation and release of residual balances, including review of various tax equalisation arrangements
- Coordination of work done by UK and international tax teams to obtain a consolidated view of partners' overall tax reserves positions as part of ongoing reserves reconciliation and releases processes, including ownership of UK overlap relief calculations
- Ongoing review of existing processes to ensure that they continue to be appropriate and to identify opportunities to improve these
- Play a leading role in determining and putting in place appropriate processes for reconciling partner tax reserves for new offices and ensuring that these are maintained going forward
- Support year-end work to deliver tax reserves calculations, tax equalisation calculations and relevant tax disclosures
- Ensuring that positions taken in relation to partner tax reserves are correctly reflected in relevant accounting systems
- Communications with partners, CFOs and other stakeholders in relation to tax reserving matters
- Liaising with external advisors where required
- Coordinate and support the work of junior team members of the team
- Doesn't need to come from a law firm background but partnership environment is definitely helpful, but as long as someone has willingness to get stuck into it, having the tax background and accounting skills to work on the general ledger, then the rest can be taught.
- They are open if someone hasn't studied - but hands on tax experience is key.
- UK Personal Tax experience important.
- Someone numerate, comfortable working with large spreadsheets
- Someone with good communication skills and strong at project management
- This person will need to work across finance communities globally with CFOs around the network and also dealing with the partners, discussing any issues they might have so must be able to explain the technical elements in easy way.
- Someone who is very collaborative, and someone who is organised.
The firm are looking at a 60/40 office VS home split but would need some flexibility on this during busy periods.