Tax and Partner Finance Adviser

Herbert Smith Freehills LLP; City of Westminster; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading global law firm is seeking a Tax Compliance Manager in Westminster to lead tax computation analyses for partnerships and enhance compliance strategies. The role requires at least four years of experience in tax or finance within a large professional environment. Candidates must have an initial tax or accounting qualification and preferably a higher tax qualification. The position entails significant collaboration with technology solutions and maintaining compliance documentation, making advanced Excel skills essential. A commitment to inclusive culture is vital.

Benefits

Inclusive and diverse work culture

Professional development opportunities

Qualifications

• Minimum of four years' experience in a tax or finance role in a large professional partnership or corporate environment.
• Comprehension of basic accounting and journal entries with strong knowledge of double-entry bookkeeping.

Responsibilities

• Preparation of the UK tax computation analysis for large partnerships.
• Working with Deloitte on maintenance of Machine Learning tool for tax analysis.
• Drafting and maintaining the risk & controls matrix for taxes.

Skills

Tax computation analysis

Advanced Excel skills

Collaboration

Personal Leadership

Client experience enhancement

Education

Initial tax or accounting qualification (ATT, ACCA, ACA)

Higher tax qualification (e.g., CTA, ADIT, Master of Taxation)

Job description

Tax Compliance management UK Tax Computation

• Preparation of the UK tax computation analysis for large partnerships including HSF Kramer LLP, HSF Kramer South Africa LLP, HSF Kramer New York LLP, HSF Kramer Spain LLP, HSF Kramer Hong Kong and HSF Kramer Paris LLP. This will require an understanding of:
• Items of expenditure that are disallowable for tax purposes;
• Any relevant tax reliefs, allowances, and deductions the partnership is eligible for (e.g. capital allowances)
• The tax rules that underpin the firm's Machine Learning tool used to analyse tax disallowable expenditure;
• Prior experience of preparing Partnership UK tax computations
• Ability to work under pressure to tight deadlines
• Working with Deloitte on maintenance of the Machine Learning tool to ensure optimal efficiency and accuracy (e.g. annual review of underlying tax rules)
• Advising on the selection and implementation of any other technology solutions that could add efficiency and control to existing processes
• Preparation of the detailed schedules required to be included in the firm's UK Partnership Tax returns. This includes allocating income items by partner, including:
• Trading profits + Dividends + Untaxed interest + Gift Aid contributions + Income from the Permanent Establishment of the HSF Kramer Australian Partnership.
• Calculation of specific remuneration adjustments for partners in certain jurisdictions as required
• Facilitating the payment of Corporation Tax payments in relation to the UK Service Company and providing relevant and timely information to Deloitte for the preparation of the CT return.
• Other UK tax compliance work as required
• Working on aspects of the year end process, which will include (but not limited to) the allocation of accounting profits to relevant jurisdictions and the calculation of partner tax reserves.
• Modelling Working with the Head of Partner Finance, Tax Processes & Controls to build models in respect of (but not limited to)
• Firm-wide funding
• Structural tax changes
• Profit allocation
• Intra entity profit flows
• Effective tax rate estimates.
• Working with the Head of Partner Finance, Tax Processes & Controls on the selection and implementation of technology solutions which will add efficiency and control to existing processes
• Drafting and maintaining a roles & responsibilities matrix for global T&PF team, including ensuring buy-in from the appropriate personnel
• Drafting and maintaining the risk & controls matrix for global direct and indirect taxes
• Supporting the Head of Partner Finance, Tax Processes & Controls with requests for information from tax authorities and internal audit team in the case of an audit or review
• Working with the Head of Partner Finance, Tax Processes & Controls to maintain up to date process documentation and conduct annual controls testing
• Producing annual tax reserve statements for partners
• Monthly reconciliations of the firm's tax payment ledgers and corresponding with overseas offices to ensure payments are swept back to London on a quarterly basis
• Supporting the Tax Reporting Manager on the ongoing review of historic tax reserves for HSF Kramer Partners, which will include a reconciliation of payments against reserves on a Partner by Partner basis, spanning several financial years and various jurisdictions.
• Development of tax reserving processes for US and Australian partners
• Managing the annual budget process for the Tax and Partner Finance team (a critical part of the Business Finance function of the firm);
• Preparation of Senior Accounting Officer report for the CFO
• Providing adhoc support to the Tax & Partner Finance team, and
• Working with the Head of Partner Finance, Tax Processes & Controls on other tax projects that arise from time to time.
• At least four years' experience in a tax or finance role in either a large professional partnership or a corporate environment.
• It is essential that the successful candidate has an initial tax or accounting qualification (ATT, ACCA, ACA).
• The candidate should also hold a further (higher) tax qualification, i.e. Chartered Tax Adviser (CTA), Associate Diploma in International Tax (ADIT), or Master of Taxation. We would consider candidates without a higher tax qualification on the expectation that they will obtain those qualifications at the earliest opportunity.
• Comprehension of basic accounting and journal entries (i.e. strong knowledge of double-entry bookkeeping)
• Advanced Excel skills, Personal Leadership
• Builds Authentic Relationships
• Collaborates with others
• Enhances the Client Experience
• Achieves Results, We are committed to attracting people from all backgrounds and creating a respectful and inclusive culture where everyone thrives. We see this as essential to our success, including our ability to innovate and achieve sustained high performance. This is a key part of our Values-Human, Bold, and Outstanding.