Real Estate Tax Manager

Barings LLC; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global financial services firm in London seeks a Tax Manager for managing tax affairs of European Real Estate Equity Funds. The candidate will handle tax structure, compliance obligations for investment subsidiaries, and investor reporting. Ideal for those qualified ACA/ACCA/CIMA/CTA with 3+ years in real estate funds, offering a client-focused environment and opportunities for professional growth.

Qualifications

• 3+ years experience with real estate funds and understanding of key tax issues.
• Strong tax compliance experience required.
• Ability to quickly understand new tax rules and their impacts.

Responsibilities

• Support tax structure determination for new investments.
• Model tax impacts for disposals.
• Respond to investor queries and manage external tax advisers.

Skills

Tax compliance

Interpersonal skills

Commercial mindset

Communication of tax issues

Proactive improvements

Education

Qualified ACA/ACCA/CIMA/CTA or equivalent

Job description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Business Unit: Tax

Location: London, UK

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

This role involves managing the tax affairs of the European Real Estate Equity Funds and Separate Account mandates. The focus of this role is providing the necessary tax support across all phases of the deal cycle and investment holding period.

Primary Responsibilities

The candidate will be required to support the following core processes:

• Determination, in conjunction with advisors, of the appropriate structure to use when acquiring new investments. Reviewing tax structure and TDD reports and subsequently managing the transition from acquisition to operation, including relevant registrations and elections.
• Modelling the potential tax impact when making disposals as well as responding to the IRLs issued by prospective purchasers.
• Responding to investor queries and reviewing side letter requests.
• Being the point person for all tax related questions from colleagues in the Real Estate business.
• Procurement and management of external tax advisers in respect of direct and indirect tax compliance. This will involve overseeing the tax compliance obligations of approximately 200 investment subsidiaries/holding companies across Europe, including for specialist investment vehicles such as REITs.
• Oversight of investor reporting (US K-1, German reporting, French 3% tax filings etc)
• Maintaining a robust tax governance framework with respect to all Real Estate funds
• Monitoring and internally communicating relevant tax changes across Europe.

Qualifications

• Qualified ACA/ACCA/CIMA/CTA or equivalent
• Ideally 3 or more years of experience with real estate funds with a good understanding of key tax issues
• Strong tax compliance experience
• Excellent inter-personal skills and a commercial mindset with the ability to build strong collegiate relationships internally and externally
• Ability to articulate complex tax issues in a way that can be easily understood by non-tax colleagues
• Proactive and practical with an ability to identify and implement continuous improvements in relation to controls and processes.
• Ability to quickly understand new tax rules and the impact they can have on the business.

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Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

About Us

Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service.

Our team-driven culture is based on transparency, responsibility and putting our clients’ interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors’ capital over the long term is an essential component of our lasting partnerships.

Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service.

As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.