Tax Assistant Manager

Job description

Role Title: Tax Assistant Manager
Business: Operations
New or Existing Role – Replacement
Grade: GCB5


Role Purpose

· Assist Tax Managers with the delivery of UK Tax reporting for Life Tax clients as required, ensuring daily; monthly and annual tasks / reporting are completed in a timely manner; effectively reviewed and checklists completed to evidence key controls have been adhered to.
· Ensure junior members of the team effectively review daily CGT control reports, identify errors and resolve unprocessed CGT or loan relationship positions correctly prior to daily pricing position. Monitor effective resolution of errors and escalation of issues in a timely manner.
· Assist Tax Managers with the delivery of UK Tax reporting for collective investment funds as required. To include the preparation of UK corporation tax computations and returns; income tax computations and returns for unauthorised funds; VAT returns and annual adjustment calculations; quarterly tax rate reviews; forms CT61; asset set up and tax table queries.
· Ensure attention to detail and strict adherence to departmental processes and procedures to minimise risk. Look to identify process improvements and efficiencies where possible.
· Keep up to date with life fund tax technical and regulatory changes and assist with associated training within the Tax Team. Maintain an awareness of industry issues for Authorised and Life funds.
· Develop effective relationships with clients and external third parties as necessary, ensuring that taxation issues/queries are resolved satisfactory, within agreed deadlines and following established procedures. Attendance at client service review meetings if required.
· Assist with the coordination of services changes / new client implementations/ fund mergers etc., ensuring that they are managed effectively, with minimal client disruption.
· Be proactive in interfacing with other functional areas to ensure that information / data flows are effectively maintained and any issues identified are resolved efficiently.
· To assist in the maintenance of an enthusiastic and motivated team, ensuring that individual and team objectives are progressed.
· Liaise with clients / internal departments in the development of new and existing tax reports or ICON enhancements to ensure effective and timely implementation.
· Respond to ad hoc queries proactively and efficiently. Assist with project work and support implementation team as subject matter expert where possible.
· Maintain tax aspects of standing data for clients, for example keep an up to date list of accounting funds for tax reporting purposes or maintaining tax monitor for collective investment funds


Key Accountabilities

Impact on Business

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The role holder will ensure the HSBC values are present in everything we do, both individually and as an

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Organisation. This will be achieved by consistently displaying the behaviours of:

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Dependable and do the right thing

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Open to different ideas and cultures

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Connected to customers, communities, regulators and each other.


Management of Risk
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Responsible for the continual assessment of operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructuring and the impact of new technology.

· Demonstrates compliance with HSBC Bank plc Group standards, manuals and policies and adheres to the defined work practices, internal controls and risk management standards associated with the role

Observation of Internal Controls

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Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.

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Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business activities associated with the role, specifically HSBC Bank plc internal controls and compliance policies and manuals.

Desired profile

Qualifications :

Knowledge & Experience / Qualifications

·  Professional qualification – ideally ATT, CTA or equivalent accountancy qualification (or studying towards a tax or accounting qualification).
·  Experience:
·  At least 3 years financial services experience.
·  Ideally educated to degree level.
·  Knowledge of ICON and Onesource (Corporation Tax Module) would be useful but not essential.
·  Must show attention to detail.
·  Excellent analytical and communication skills required.
·  Team player, with the ability to work independently when required.
·  Comfortable dealing with client contacts and third parties.
·  Ability to meet tight deadlines and assist colleagues throughout the business.
·  Comfortable researching and disseminating technical knowledge to the team.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview