I'm looking for

The Role

Working in the KPMG London Deal Advisory Tax Group and to focus specifically on providing tax advice for Real Estate clients. We work alongside our clients and our colleagues in Transaction Services on transactions typically ranging in size from £10m upwards, providing tax structuring and tax due diligence services.


The Responsibilities


This role involves working on a range of projects and clients. The work includes:


- Providing tax structuring and tax due diligence advice on a wide range of transactions
- Co-ordinating the advice provided by other overseas KPMG teams and other tax skillsets
- Working closely with colleagues in Transaction Services
- Developing and leading client relationships clients and the KPMG teams (TS, tax specialist and overseas teams)
- Assisting with carrying out detailed technical research
- Understanding the client's business and helping to identify areas for the provision of tax and other services (management incentives, VAT, TP)
- Being involved in business development activity


The Person


We are looking for a Senior Manager who is keen to work in an environment that offers plenty of opportunities for personal and professional development. Whilst working with us you will broaden your project management and technical skills and your commercial acumen. You will also have the opportunity to work with many talented people within the KPMG global network, the financial community and other professional advisers. There is also some opportunity for overseas travel in light of the nature of our work.


- Qualified CTA or ACA/CA or equivalent
- Strong interpersonal skills in addition to strong oral and written communication skills
- Good UK corporate tax knowledge and an awareness of other tax and accounting areas
- High level analytical skills and a commercial approach to resolving issues and providing advice
- Ability to lead and drive projects forward
- Task management skills
- Ability to build client relationships.
- Ability to build teams and develop as a coach and lead staff

KPMG's Tax practice is a dynamic and successful area of our business. A constantly changing and increasingly high-profile field, Tax can offer a surprisingly broad range of quality career paths to ambitious people.

Working in the Corporate Tax department at KPMG will give you the opportunity to develop relationships with clients as you help manage the amount of corporation tax they need to pay. This involves working with clients to produce complex tax computations and returns for HM Revenue & Customs, giving advice on corporate planning and restructuring projects and finding ways to reduce their effective rate of tax.

Why KPMG?

At KPMG, our values define who we are and the way we do business. As a leading professional services firm, we know that our strength and capability come from our people – their different perspectives, experiences and backgrounds. From our inclusive leadership strategy to our diversity and inclusion targets – we’re making bold changes to who we are and what we do. Be part of it.

Financial Sector: Insurance Tax Manager

The Department

The Insurance tax team, part of the wider FS tax team in KPMG, is a group of around 25 tax professionals of all grades, including 3 partners and 3 directors. The team is spread across 3 sites – London, Bristol and Edinburgh. The team works as a national team and location does not dictate client allocation.

Our business covers the gamut of insurance clients, including major UK-based insurers, international insurance groups, life insurers, pension product and other specialist providers, and brokers.

The core insurance team provides mainly corporate tax advisory and M&A services, and facilitates the provision of corporate tax compliance services, as well as tax advisory services covering the full range of non-corporate taxes. We are generally the main point of contact for the client for all taxes.

The Opportunities

The extent of change affecting the Insurance sector has raised enormous opportunities and significant challenges for KPMG. Regulatory and legislative change, as well as changes in the underlying market climate (appetite to claim, claimant fraud, risk profile change, technology impact) are driving insurance companies to embrace transformational change both to internal systems and to client facing products and operations. There are significant opportunities around these changes, often not tax driven, but which have tax impact where we can contribute positively for our clients.

Responsibilities:

Work can involve general insurance, life assurance, brokerage and Lloyds clients, and may involve any aspects of corporate tax, including product taxes, and wider cross-discipline projects.

The role is a national role, and could be based in London, Bristol or Edinburgh at one of our three insurance hubs.

The successful candidate should have a strong desire to be a dynamic part of an active insurance tax team.

The Individual:

The successful candidate should be able to demonstrate:
• Good knowledge of UK corporate tax;
• Possession of sound judgement, including the ability to identify and evaluate risk issues, and knowing when to involve others;
• A track record of leading projects, with a focus on accountability, high quality and timely delivery;
• Commitment to cross site and cross skillset working where needed;
• Ability to communicate effectively at all levels (internally and externally) and be a team player; strong interpersonal skills are required in addition to strong oral and written communication skills.
• High level analytical skills and a commercial approach to resolving issues and providing advice; ability to apply knowledge of fundamental tax principles in identifying potential technical issues and opportunities;
• Adaptability and dynamism;
• Ability to multi-task and be organised;
• Experience of delegating effectively;
• Desire to coach and develop more junior members of the team;
• A strong desire to gain and continually improve his/her knowledge of the insurance market, insurance products, and insurance-related taxes;
Some or all of the following would also be beneficial, but not essential for the successful candidates:
• Knowledge and experience in relation to insurance groups, including experience in all or some of the following fields: life insurance tax, general insurance tax, tax for Lloyds groups, and tax for insurance brokers;
• Knowledge of tax for specific insurance-related products, for example in relation to the chargeable events regime and pensions.

Additional Info/Qualifications:

• Chartered Tax and/or Chartered Accountancy and/or equivalent legal/HMRC/international qualification is essential.

We recognise that as individuals, we each have particular needs and that one size doesn’t fit all, when it comes to how, when and where you work. That’s why we’re proud to offer our colleagues agile working options. We believe in putting you at the centre of your career – KPMG will offer the training, development and stimulating work environment to help you get to where your career ambitions are. That’s why we introduced ‘Our Deal’ – it’s our way of saying ‘thank you’ for bringing your best to work. As part of ‘Our Deal’, you’ll benefit from a range of rewards from secondment opportunities and preferential banking services to a day off on your birthday and have open, honest conversations about your career development.

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that all candidates are treated fairly throughout the Recruitment Process. Should you be successful after the initial application stage, please discuss with your recruitment contact any reasonable adjustments to our Recruitment Process that you may require.

KPMG consistently features in the Sunday Times Best Big Companies to work for, which has been recognised with a special achievement award to mark our 10 years in the Top 25. We pride ourselves on being a place where your individuality is valued; you can be yourself and still achieve your potential. We believe that your individuality helps us to deliver the best results to our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG by viewing our policy.

KPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

The Role:

The KPMG Real Estate Tax Group is part of the wider KPMG FS Tax team and focuses specifically on providing tax advisory and compliance services to UK and international property investors and fund managers. We also work alongside our clients and our colleagues in Transaction Services on transactions, providing tax structuring and tax due diligence services. The investors in funds are typically multinational, as are many of the targets. Therefore the projects frequently require us to work with colleagues from our global KPMG tax network.

You will have an opportunity to broaden their knowledge of the real estate industry, common fund structures, and the way different entities in these structures are taxed; developing your experience of corporation tax, income tax, capital gains tax, VAT, stamp duty and overseas tax regimes while developing relationships in a specialist business area.

This is an exciting time to be part of the KPMG Real Estate tax Group. We are looking for excellent candidates with a proven track record who are seeking a dynamic and challenging working environment with the opportunity to apply their deep technical knowledge in a compliance capacity.

The Responsibilities:

The role involves a mixture of both compliance and advisory responsibilities, with specific duties including:
• Providing tax structuring, tax due diligence and restructuring advice on a wide range of transactions
• Carrying out detailed technical research
• Being the first point of contact for many clients
• Co-ordinating the advice provided by other overseas KPMG teams and other tax skillsets
• Taking responsibility for the delivery of high quality compliance and reporting services for a portfolio of clients
• Working closely with colleagues in Transaction Services
• Developing client relationships with fund management houses, TS and overseas teams
• Understanding the client's business and helping to identify areas for the provision of tax and other services
• Being involved in business development and proposal activity
• Ensuring all risk procedures are adhered to

The Person:

You will have the following skills:
• Qualified CTA or ACA/CA or equivalent
• Strong corporate tax technical knowledge
• A good knowledge of UK corporate tax and an awareness of other tax and accounting areas. M&A tax and/or international tax experience would be an advantage but is not a requirement
• Strong interpersonal skills in addition to strong oral and written communication skills
• High level analytical skills and a commercial approach to resolving issues and providing advice
• Ability to work as part of a team in a transaction based environment
• Strong task management skills
• Ability to build client relationships
• Good computational and excel skills
• Good technology skills - experience of Digita and/or Alphatax would be advantageous but not essential

Deal Advisory Tax provides market leading services to a number of top-tier and mid-tier financial services and private equity houses, including houses with a UK, European and Global focus.

The Deal Advisory Tax team is embedded within the wider Financial Services Group and provides advisory services across the whole deal spectrum including company/sell-side vendor assist, refinancing and due diligence projects, to buy-side due diligence and structuring.

We help our clients understand historical tax issues and structure transactions, with a continuous focus on maximising value throughout the investment cycle. Working collaboratively across the Globe, our international M&A projects often involve advice on multiple taxes and work streams; including corporate income tax, VAT, employment related securities, transfer taxes/stamp duties and payroll.

We work on some of the most high profile deals in the sector, in what is a fast-paced, challenging and rewarding environment.

Key Responsibilities

Delivering quality service

Individuals will assist in the delivery of high quality service. They will manage their own time, plan and organise work tasks, monitor progress and meet deadlines. Among other responsibilities the individual will:
• Perform detailed analysis of the tax numbers in the financial statements and other primary documents e.g. tax computations and returns.
• Collaborate with other UK and overseas tax teams to provide input into due diligence and structuring deliverables, critically analysing and challenging their input.
• Demonstrate up-to-date knowledge in respect of developments in the field of UK and international tax e.g BEPS, Corporate Interest Restriction, Anti-Hybrids, FX etc.
• Understand financial models and analyse underlying tax assumptions.
• Provide visualised output (e.g. tables, charts, graphs, timelines etc.).
• Read and analyse due diligence reports, highlighting key issues and articulating the commercial impact of these to the client/senior members of the team.

Team work, coaching and developing people

Individuals will be key team members on larger, complex assignments and will lead smaller transactions where Individuals will work closely with Partners/Directors and develop junior team members. The individual will:
• Coach and manage junior staff members, providing constructive feedback when requested and liaising junior staff with senior team members.
• Design and monitor the distribution and allocation of tasks for each project.
• Perform initial review of the tasks performed by junior team members and KPMG Global Support function.
• Become a key KPMG point of contact for clients, legal advisers and other KPMG teams in order to facilitate effective delivery.

Interaction with counterparties to a transaction

Individuals will be required to build and sustain relationships with clients/potential clients and other counterparties (e.g. legal advisers, overseas firms) for the benefit of the Global KPMG network. The individual will:
• Lead/participate in conference calls and face-to-face meetings with targets’ management, clients and bidders.
• Critically review and analyse information from Sellers and input from overseas offices to assess historical/structural tax issues.
• Assist KPMG Partners and Directors in market research and winning new work.
• Attend networking and peer-to-peer knowledge sharing events to build and personal relationships.

The Person

• Qualified CTA or ACA/CA or equivalent
• Ambitious, driven and a keen interest in Financial Services, Infrastructure and / or Private Equity
• Strong interpersonal skills
• Strong oral and written communication skills
• Strong UK corporate tax knowledge and awareness of other tax and accounting areas
• Strong analytical skills and a commercial approach to resolving issues and providing advice
• Excellent project management skills, including ability to work as part of a team and to show initiative to drive projects forward
• Ability to build and maintain client relationships
• Be proficient in the use of Excel and PowerPoint
• Ability to develop as a coach and lead staff

KPMG Overview

KPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Service Line Information

KPMG's Tax practice is a dynamic and successful area of our business. A constantly changing and increasingly high-profile field, Tax can offer a surprisingly broad range of quality career paths to ambitious people.

Working in the Corporate Tax department at KPMG will give you the opportunity to develop relationships with clients as you help manage the amount of corporation tax they need to pay. This involves working with clients to produce complex tax computations and returns for HM Revenue & Customs, giving advice on corporate planning and restructuring projects.

Intelligent Working

While some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a disability

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

The Department

This specialised and growing department of professional staff provides M&A tax services to Financial Services clients across a range of major listed international groups, UK groups, overseas financial institutions and smaller owner-managed businesses. We advise companies throughout the financial services industry including banks, securities dealers, general and life insurers, funds and fund managers, as well as a growing base of Private Equity clients who are focused on the acquisition of financial services targets and assets.

The department focuses on the provision of high quality transactional advice to our clients, often as part of a wider transaction team across the advisory and tax practices. Our approach has as its foundation a thorough understanding of our client's business strategy as well as the industry in which they operate. This enables us to work in partnership with them and to provide tailored and robust tax solutions to support their corporate goals.

The Sector

In the Financial Sector M&A area, transaction/deal volume is increasing. There is a rapidly growing opportunity for involvement on a broader range of transactions within the FS space.
Recent trends in this market suggest:

Major banks are continuing to divest non-core assets.
Private equity houses are continuing to grow their presence in the FS sector in targeting acquisitions of distressed asset portfolios, non-core asset disposals, and strategic takeovers of FS growth platforms (such as asset management, loan portfolio platforms, and distribution platforms).
These factors point to a continued increase in transaction/deal activity and of significant opportunities to pursue.

Responsibilities

The role involves the following responsibilities:
Project managing major transactional assignments, seeing the process through from investigation to implementation, ensuring transactional work is managed and delivered effectively;
Managing relationships with all stakeholders, including the client, other parts of the KPMG Deal Advisory practice, other contacts in KPMG, and FS M&A team members; becoming the focal tax point of contact;
Understanding the client's business and commercial strategy in entering into the proposed transactions;
Carrying out detailed technical research in a variety of areas affecting the proposed transactions, if required by the situation;
Managing teams, delegating, coaching and developing staff;
Managing net sales in the region of £1 million in year one as Senior Manager;
Identifying and driving forward new opportunities on existing clients for FS M&A as well as pursuing key targets.

Success will be measured on how well the candidate: frees-up partners and directors from involvement in transaction delivery; develops inter-firm relationships; identifies new opportunities; and develops junior staff in their technical and career development.

The Individual

The successful candidate should be able to demonstrate:
A broad skillset, including: M&A experience (specifically, Financial Sector M&A experience), and working knowledge of and experience in the Financial Sector;
Ability to perform at senior manager level (i.e. self-starting with minimal partner/director guidance, able to originate and pursue new Financial Sector client accounts, able to coordinate and lead internal delegate teams on transactional work);
Possession of sound judgement, including the ability to identify and evaluate risk issues, and knowing when to involve others;
A track record of leading delivery of projects, with a focus on high quality and timely delivery;
Commitment to business development (e.g. sourcing cross-service line opportunities; and developing opportunities with “cold” targets);
Ability to communicate effectively at all levels (internally and externally) and be a team player; strong interpersonal skills are required in addition to strong oral and written communication skills;
High level analytical skills and a commercial approach to resolving issues and providing advice; ability to apply knowledge of fundamental tax principles in identifying potential technical issues and opportunities;
Adaptability and dynamism; indications of leadership qualities;
Ability to multi-task and be organised;
Experience of managing a team.

Additional Info/Qualifications

Chartered Tax and/or Chartered Accountancy and/or equivalent legal/HMRC/international qualification is essential.