Tax Reporting Specialist

SEI Investments Company; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A financial services firm in London seeks a Tax Reporting professional to oversee the quality of tax data and produce various Tax Packs. The ideal candidate has UK tax reporting experience, knowledge of US tax regimes, and advanced Excel skills. This role offers a chance to drive compliance in a rapidly changing environment, working closely with clients and regulatory bodies.

Qualifications

• Experience of interaction between tax and corporate actions within wealth management.
• Experience with US reporting regimes including 1099, QI, FATCA, and CRS.
• Strong background in financial services and private banking.

Responsibilities

• Quality Control of Tax Reporting system for taxable transactions.
• Log US Withholding Tax Forms and reconcile US income treatments.
• Assist in preparation of FATCA and CRS Returns.

Skills

Experience of UK Tax reporting

Advanced Excel skills

Critical thinking

Problem-solving skills

Responsiveness and accountability

Education

Degree educated (or equivalent)

Tools

Excel VBA

FSL CGIX knowledge

Job description

At SEI we value our employees and believe in driving growth through change. Part of building brave futures is making a concerted effort to develop and challenge our employees to achieve their goals through internal job mobility.

An opportunity has arisen for a candidate with Tax Reporting experience to join our UK Tax Reporting Team within the UK SEI Wealth Platform. You will mainly be responsible for the oversight and quality control of tax data as well as the production of a wide range of Tax Packs (UK Tax Reports, 1099, ISA, QI, FATCA and CRS administration).

What you’ll do:

• Quality Control on to the Tax Reporting system of incoming taxable transactions, including asset set ups, trades, dividends, interest distributions and corporate actions. Produce UK tax reports within required deadlines and SLAs which accurately reflect HMRC Tax Reporting regulatory requirements.
• Log US Withholding Tax Forms (W8, W9 etc.) where SEI is the Qualified Intermediary including reconciling that US Treaty Reliefs on US Income is accurately processed from multiple custodians.
• Assist with the preparation and reconciliation of the SEI Europe and SEI Guernsey 1042, FATCA and CRS Returns annually in line with regulatory deadlines. Keep up to date with FACTA US and CRS Tax Reporting requirements.
• ISA Accounts oversight - ensuring that clients manage their ISA accounts within the regulations and that ISA reporting is produced accurately and in line with client SLA’s which are driven by the ISA Regulatory return deadlines.
• To act as a contact for SEI and client(s) on tax related issues and to provide superior customer service and solutions on client tax reporting related activities

What we need from you:

• Ideally degree educated (or equivalent) with IAQ (or equivalent).
• Experience of UK Tax reporting on CGT and Income Tax.
• Experience of interaction between tax and corporate actions within wealth management including CGT book cost oversight.
• Experience of US (i) 1099 reporting (ii) QI and FATCA reporting regimes and of (iii) reporting under the Common Reporting Standards (CRS) and (iv) ISA administration preferred.
• Solid experience within financial services, private banking, mutual funds and investment advisory is preferred as is industry knowledge of private banking, asset management and investment processing.
• Advanced Excel skills including VBA macro would be advantageous
• FSL CGIX knowledge would be advantageous.

What we would like from you:

• Self-motivated and willing to learn.
• Responsiveness, accountability and adaptability.
• Ability to handle multiple tasks with tight delivery schedules.
• Critical thinking and problem-solving skills.
• Supports a healthy team environment.

SEI is an Equal Opportunity Employer and so much more…

SEI Investments (Europe) Limited is authorised and regulated by the Financial Conduct Authority.

AI Acceptable Use in the application and interview process: SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhered to our AI use guidelines.