Indirect Tax Manager

ICBC Standard Bank Plc; City Of London; Hybrid; GBP 67,000 - 75,000; Full time

Job summary

Join a leading financial markets and commodities bank as an Indirect Tax Manager, focusing on VAT compliance and reporting. This full-time role involves preparing VAT returns, assisting with international tax filings, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong foundation in tax principles and be a proactive team player.

Benefits

Discretionary annual bonus

10% pension contribution

Private medical insurance

Bonus vacation days

Qualifications

• Knowledge of direct and indirect tax accounting ideal.
• Exposure to UK VAT principles required.
• Experience in banking/financial services preferred.

Responsibilities

• Preparation of UK monthly VAT returns.
• Assist in international VAT and tax compliance filings.
• Maintain compliance with HMRC’s Making Tax Digital requirements.

Skills

Numerical skills

Analytical skills

Attention to detail

Communication

Tools

SAP

Job description

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This is a full time indirect tax / VAT manager role reporting to the Senior Manager, Indirect Tax. The role is mainly focused on UK VAT tax compliance and reporting and includes the provision of information to external services providers to facilitate submission of Dutch, Danish, German, Swiss and US indirect tax returns. As a member of a small team the role includes supporting the Head of Tax on certain direct tax and team matters

What you’ll be doing

Tax Compliance & Reporting

• Preparation and completion of the Bank’s UK monthly VAT returns.
• Provide assistance in preparing the Bank’s international VAT, sales & excise tax filings including extracting and manipulating trade data for outsourced compliance service providers, reconciling system entries against the general ledger (SAP) and preparing tax journals.
• Assist in the preparation of US state and city income, franchise and other US direct tax compliance filings together with supporting the accounting of these taxes through the preparation and posting of the tax accruals, working with Finance and Ops as appropriate.
• Assist the Tax function to deliver month end reporting processes for taxes including:
• Preparation of the tax provisions and tax journals; and
• Certification and substantiation of tax balances in the general ledger.
• Assist with other indirect tax filings including overseas submissions.
• Maintaining records of the Bank’s international tax filing obligations.
• Assist with working through solutions to integrate new regulatory compliance requirements to existing processes and systems e.g e-invoicing mandates across EMEA and Asia.
• Update and monitor all tax compliance obligations.

Other

• Maintain internal processes to ensure compliance with HMRC’s Making tax Digital requirements.
• Be a vital contact between the Head of Indirect tax and IT teams in relation to projects that might impact MTD updates or other processes for the broader tax team.
• Support the Tax team on an ad hoc basis on a range of general tax matters including:
• Assisting with HMRC and ad hoc tax accounting enquiries;
• Process improvement and enhancement projects;
• Preparing VAT claims;
• Tax reporting;
• Preparing management information reporting packs; and
• Maintaining the Tax function’s process and procedure manuals.

What you’ll need to be successful

Experience:

• A knowledge of direct and indirect tax accounting ideal, but accounting/SAP skills are as valuable.
• Previous exposure to UK VAT principles.
• Experience in banking / financial services / oil / commodities tax preferred but not essential.
• An understanding of Excise tax accounting preferable but not essential.
• Experience in SAP preferable but not essential.
• Previous advisory experience over VAT commodities and global markets preferred but not essential.

Personal attributes:

• Excellent numerical and analytical skills.
• Proactive, self-motivated team player with a high level of attention to detail.
• Strong written and verbal skills.
• A willingness to learn and participate in advisory and be able to deputise for the Head of Indirect Tax.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role

If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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