Tax Manager

Who you are

• Specialist Investments Tax knowledge including overseas tax and withholding tax rules for Open Ended Investment Companies (OEICs) and other collective investments
• Proven track record of working in the tax function of a large corporate group or professional accounting organisation, preferably in the Financial Services sector
• Experience of providing oversight of outsourced withholding tax and OEIC tax compliance processes including the appointment of overseas tax agents
• Experience of attaining global double taxation treaty rates, via relief at source, reclaims and completion of associated tax documentation
• Understanding of withholding tax accounting policies
• A tax or accounting qualification is preferable
• A natural when it comes to relationship management skills, with a proven ability to analyse, challenge and influence
• As an Advisory role, experience in managing different partner relationships
• Strong communication skills and ability to work with a range of stakeholders
• Ability to see the bigger picture and think commercially
• For this role, it’s the Investment Tax experience that is key. This is a great opportunity to use your knowledge to add value to our investment funds and grow your experience to help you shape an exciting career!
• We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply

What the job involves

• The Operational Taxes Team is part of Group Tax and is responsible for the oversight of the Operational Tax risks of Lloyds Banking Group as a whole
• This role involves working as part of a team and would provide informative, high quality, sophisticated output, advice and mentorship tailored to senior partner needs, operating as an Operational Tax specialist. The main focus of the role will be on Investment Taxes for the Insurance & Wealth business
• We are looking to appoint a Tax Manager. Your role will be to provide oversight of tax processes, completed by appointed Custodians, including receipt of overseas investment income net of treaty withholding tax rates, tax reporting and tax compliance processes for UK OEICs and investment funds
• These processes are undertaken by third party outsourcers, and the oversight work ensures that they are carried out to the required high standards and timescales as detailed in service level agreements, so that the funds’ tax position is fully understood and controlled in an efficient manner
• You would also review withholding tax processes for territories and rates not covered by the outsourcing arrangements
• This means you’ll work closely with project teams, advisory teams and external advisors on developments affecting the investment portfolio, to grow our service and add value for our customers by improving their return on investment
• Help oversee double taxation treaty work completed by Custodians
• Complete and supply double taxation treaty documentation, supplementary information to external parties
• Ensure tax work by external Custodians and Fund Administrators is completed per terms of Service Level Agreements, provide feedback to relevant parties on the service received
• Collaborate with external advisors to file withholding tax recovery claims, where countries / rates aren’t supported by Custodians, to increase the OEICS return on investments
• Work with LBG tax colleagues on projects and initiatives including OEIC closures and adopting automated solutions to increase efficiency and enhance risk management
• Keep abreast of foreign market tax developments and provide input on Audit enquiries
• You will be joining an experienced Operational Taxes team that advise the Group on all Operational Taxes matters including Pensions tax reporting and all customer tax reporting including Bank & Building Society Interest (BBSI), Other Interest (OI), ISAs, Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS) etc

The application process

• End Date: September 11, 2026

Benefits

• Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
• A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
• A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
• Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
• Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
• Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
• Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
• Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
• Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.