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Tax Valuation Manager

KPMG’s Tax Valuation Services (“TVS”) works with a broad spectrum of clients, from high net-worth individuals to large blue-chip corporates, in establishing the tax market value of shares, intangible assets and other business assets, using an array of valuation methodologies and techniques. Internally, the team works closely with KPMG’s Reward and Transfer Pricing teams, as well as providing support on M&A engagements.

To support the ambitious growth plans of the TVS team, KPMG are seeking to recruit Manager level candidates The successful candidates will enjoy the potential for rapid personal development and will play a fundamental role in ensuring the success of the team’s ambitions. They will be exposed to a variety of complex and challenging valuation work across a broad range of industry sectors. An enthusiasm for understanding the commercial motivations of businesses is a must!

Responsibilities

• Working closely with the Director and Senior Managers, manage the entire lifecycle of valuation projects from business development to delivery.
• Carry out detailed business analysis to support valuation.
• Supervise the preparation of valuation reports and letters.
• Take responsibility for both internal and external client communication to ensure a streamlined approach to project execution.
• Develop internal and external networks to establish relationships and build business.
• Supervise valuation research, using data sources such as Companies House, Thompson One and especially Capital IQ as well as effectively using the offshore research team.
• Provide training and coaching to develop junior staff.

Experience and Background

Ideally, candidates should have:
• Experience in valuations of shares and other assets, knowledge of valuation methodologies such as earnings multiples, DCF and option pricing models.
• IFRS 2 valuation experience is beneficial but not essential.

However, candidates with a basic understanding of valuation techniques, strong commercial awareness and enthusiasm to learn will also be considered.

Qualifications and Skills

• Relevant financial qualification, e.g. ACA, CTA, CFA (although candidate with sufficient relevant experience shall also be considered).
• Comfortable using MS Excel, Word and PowerPoint.
• Strong analytic and research skills, together with the commercial awareness to identify how businesses create value.
• Outstanding project management skills to work concurrently across multiple projects to deliver high quality work on time and in budget.
• Excellent written and verbal communication skills.

The Team

We help our clients understand their business through building models, reviewing models and data analytics. We work across a broad range of tools (Excel, VBA, SQL, Qlikview, Tableau, Power BI) to support decision making and effective execution. If you enjoy translating complex problems into models, this is the team for you.

The Role

• Contributing to and driving the growth of the modelling team
• Leading large projects to support clients in tackling business issues
• Applying technical skills to devise compelling and well thought out solutions to complex problems
• Building constructive working relationships to develop internal and external networks

Role Description

• You will leverage existing managerial experience and leadership skills to help grow and develop the modelling team
• You will be able to build strong client relationship and effectively take propositions to market
• You will manage teams of modellers and other professionals to provide high quality and flexible modelling solutions for a diverse range of clients
• You will be responsible for end to end engagement and stakeholder management
• You will use existing Excel, VBA, and/or SQL skills to support delivery and develop capabilities, share knowledge on solutions, and best practice techniques
• You will support the professional development of the junior members within the team

The type of work includes:
- Financial forecast and scenario modelling
- Transaction modelling such as valuations and option appraisals
- Reviewing financial models for quality sign-off
- Developing tactical solutions that automate finance and other operations (i.e. remediation)
- Development of data models to support modelling and analytics deliverables
- Using visualisation and analytical software (such as the Power BI, QlikView and Tableau) to drive insights from data to inform client decisions


The Person

• Recognises the importance of continuous self and team development and actively strives to achieve this.
• Helps others to understand how their work contributes to the overall success of an engagement and the wider firm
• Fosters a sense of self belief and confidence in others
• Seeks to understand others motivations
• Supports others to make brave decisions


Essential & desirable skills and experience

- Experience in a senior management role managing projects, clients and senior stakeholders
- Experience scoping, designing and building financial models in best practice
-A high degree of knowledge of Excel, Power Query, VBA, SQL and best practice modelling
- Experience in credit risk modelling (loan portfolio valuations, IFRS9 etc.)
- Experience in managing multiple projects simultaneously
- Experience in building and maintaining strong working relationships across a range of teams
- Experience in developing new strategy and propositions to generate business
- Experience in performance management and developing & retaining talent
- A first-class or upper second-class degree in a numerate subject
- Strong communication skills to be able to describe complex technical issues in a clear and non-technical way
- Strong commercial awareness and understanding of key concepts and issues in the financial services sector

Desirable:
- A recognised finance or accounting qualification and/or MBA or PhD
- Data visualisation experience in Power BI, QlikView and Tableau

The TVS team has grown strongly and are seeking to recruit Senior Manager level candidates to support that growth. The successful candidates will enjoy the potential for rapid personal development and will play a fundamental role in ensuring the success of the team’s ambitions. They will be exposed to a variety of complex and challenging valuation work across a broad range of industry sectors as well as engaging with HMRC’s Shares and Assets Valuation team.




Responsibilities



Working both independently and closely with senior KPMG colleagues from across the business to manage the entire lifecycle of valuation projects from business development to delivery.


Manage teams to deliver detailed business analysis to support valuation.


Supervise the preparation of valuation reports and letters.


Take responsibility for both internal and external client communication to ensure a streamlined approach to project execution.


Leverage internal and external networks to establish relationships and build business.


Help develop valuation approach and technical positions for the group to adopt.


Provide training and coaching to develop junior staff.



Experience and Background




Ideally, candidates should have:



Track record in valuations (preferably tax valuations) in advisory or similar capacity across shares and other assets.



Experience of managing teams to deliver projects.




Qualifications and Skills




- Relevant financial qualification, e.g. ACA, CTA, CFA or candidate with sufficient relevant experience.



- Comfortable using MS Excel, Word and Powerpoint.



- Strong analytic and research skills, together with the commercial awareness to identify how businesses create value.



- Excellent written and verbal communication skills.

The Team

KPMG’s Infrastructure Group in the UK consists of c200 professionals and is widely recognised as one of the world’s leading independent financial and business advisers in infrastructure.

We provide in-depth advice on the strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and internationally. Our work includes market and policy design, economic analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We also work closely with other functions within KPMG to advise clients on mergers and acquisitions, valuations, tax, accounting, and due diligence.
The utilities sector is a key business area for the Infrastructure Group and encompasses work for the large clients in the sector including all of the leading UK energy and water companies. We provide in depth strategic and technical advice on corporate finance issues, corporate financial management; regulatory finance, regulatory policy, business and financial planning, as well as other issues affecting value. We are widely recognised by many industry stakeholders as one of the most innovative advisors influencing the future of the sector.

Our business is expanding rapidly and is looking for a high-quality candidate to support our Power & Utilities business.

The Role

You will be working on a range of projects in the water and energy network sectors. Your work will focus on cost benchmarking but you will also provide support more broadly to the Power & Utilities team on economic regulation and policy development.
Our clients seek expert advice relating to cost benchmarking and cost assessment more broadly (for example cost benefit analysis of major projects). Our approach to benchmarking typically involves econometric models comparing costs across companies.
There is no ‘typical project’. You will need to apply a structured strategic approach to problem solving, drawing on established economic principles, while having the capacity to think creatively.
The projects that you will advise on will be high profile and varied. For example, in recent years we have advised nearly every water and energy network company on their price control reviews, been the lead advisor on several CMA appeals in both the water and gas distribution sectors, and advised on major transactions within the sectors. We have the skills and capabilities to be involved in every major development within the sector.
The work will include a combination of report drafting, engaging with client, and delivering and/or interpreting econometric analysis. You will be expected to be involved in the management of projects and to take a lead in developing proposals and other business development activities.You will also take a key role in developing the consulting skills of more junior staff.

The Person

We are looking for someone who is passionate to learn and develop in the role.
You will bring excellent report writing, Excel and PowerPoint skills—strong writing and management skills are a must. Apart from experience managing elements of projects you should also have been involved with client liaison, business development etc.
Ideally you will have experience in the utilities sector, in the industry, at a regulator, or as a consultant. More broadly you will have some knowledge either of the regulatory frameworks for utility companies, micro-economics, or finance (ideally all three), or at least a strong understanding of micro economic principles.
Ideally you will be experienced in quantitative economic analysis, with particular knowledge and experience of statistics and econometrics, ideally applied in the utilities sectors. This will include at least some exposure to STATA and possibly other packages.

Roles and Responsibilities

- Undertaking reviews and implementations of Treasury strategies, policies, target operating models, cash management processes, and technology and systems
- Risk management assessments including foreign exchange, interest rate, credit and commodities
- Providing specialist support to external audit teams, including derivative valuations, hedge accounting, and financial instrument classifications
- Internal audits on treasury functions ranging from FTSE100 to Housing Associations and Charities, including benchmarking
- Technical support on accounting and regulatory change projects such as IFRS 9 Financial Instruments, new UK GAAP, EMIR and Basel III
- Assist with delivering Treasury advisory and audit projects ranging from strategy reviews, target operating models, and audit support, including providing input to larger, multi-disciplinary teams
- Assist senior management in providing clients with advice on technical treasury and accounting issues
- Assist in the preparation of presentations, thought leadership collateral and marketing material
- Support the development of KPMG’s client propositions, with a primary focus on Corporates
- There will also be opportunities to be involved in other accounting areas and regulatory areas, e.g. EMIR, LIBOR reform.
- The role is primarily delivery focused reporting to managers and senior managers however may include leading teams of up to 4 people (depending upon the engagement nature).

Qualifications and Skills

- A recognised financial qualification - ACA, ACCA, CPA or equivalent.Individuals on track to be exam and time qualified this year may also be considered.
- Very good project management skills, demonstrated by a record of project delivery
- Excellent communication skills, including delivering presentations and communicating well with clients in writing and verbally
- Enthusiasm and energy to contribute to the team and help it grow

Experience and Background

- Experience in either an accounting or treasury role
- Proven ability to identify and pursue business opportunities whilst maintaining a solution mindset, as well as drive and resilience to deliver in a pressured environment
- Prior work experience of a Corporate Treasury function with knowledge of financial instruments, risk management, treasury strategies, systems, governance and controls (Desirable)