Private Markets Tax Manager

Company Description

Legal & General is a leading UK financial services group and major global investor. We've been safeguarding people's financial futures since 1836, aiming to build a better society for the long term by investing our customers' money in things that make life better for everyone and create value for our shareholders.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We're recruiting for a Private Markets Tax Manager to work within Group Tax dealing with all areas of non-property (e.g. private credit, infrastructure and private equity) tax to support the Head of Asset Management Tax. To act as a tax business partner to the Private Markets business. To collaborate with Property Tax Managers and Head of Private Markets Tax to appropriately cover business demand and tax requirements. What you'll be doing:

• Providing practical tax support to the non-property (e.g. private credit and infrastructure) teams in the Private Markets business (fund/asset managers, transaction team, legal, product, finance, operations) and be a tax subject matter on private credit and infrastructure matters. Expertise to include UK, Europe and US investments and fund structures.
• Providing end to end tax support and risk management, i.e. from the structuring of fund or holding entities on behalf of internal companies or external investors, to the financing and acquisition of investments to on-going fund tax management, to post acquisition restructuring, and eventual exit of the underlying investments.
• Reviewing and inputting to external advisors' tax advisory reports and manage tax risks within legal agreements.
• Supporting with compliance and reporting in the Private Markets space as required.
• Ensuring that appropriate risk management controls / procedures are in place to manage all tax risks for private credit and infrastructure investments on an ongoing basis
• Ongoing tax oversight of the range of funds and vehicles (currently UK and Luxembourg). This includes creating/reviewing procedure notes and ensuring compliance with direct tax, withholding tax, VAT, FATCA/CRS, and any relevant local taxes.

Qualifications

Who we're looking for:

• Professional Accounting Qualification (e.g. ACA or ACCA) and/or Taxation qualification (e.g. CTA) with a solid level of post qualification tax experience within a large corporate or practice
• Good understanding of UK, European and US credit and infrastructure fund structures commonly used.
• Good understanding of tax implications, risks and efficiencies relevant to illiquid fund set ups.
• Practical experience of private credit and infrastructure acquisition, holding and eventual disposal (especially income tax, corporation tax, transaction taxes, withholding tax, VAT).
• Good understanding of the mechanics and accounting of private credit and infrastructure.
• Experience of providing tax advice to fund management teams and be able to explain tax technical issues in a clear and concise way to non-tax experts.
• Builds and develops strong relationships with staff, peers and other contacts within the business.

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Private medical insurance (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years' service. There's also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
• There are the many discounts we offer - both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.

If you join us, you'll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you're open to find out more, we'd love to hear from you.
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