Head of Tax

Head of Tax
Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
We have a leadership opportunity for a Head of Tax to manage the tax affairs of the Corporation and the oversight of the tax affairs of its subsidiaries.
All leadership roles within Lloyd’s have an integral part to play in the achievement of the Strategy and Vision 2025 and will contribute overtly to Lloyd's becoming a brand that is globally admired and recognised and respected for its reputation as the world's specialist centre for (re)insurance. Lloyd's will be known around the world for its integrity and will be a place where talented, diverse and socially responsible employees feel proud to work. This leadership role will practice and promote the principles of inclusive leadership and respect the value of diversity.
The function relating to this role of Head of Tax has been designated by Lloyd’s as a key function under regulatory requirements prescribed by the PRA and FCA as part of the Senior Insurance Managers regime. Therefore, the holder of this role is a key function performer and is required to meet prescribed FCA and PRA conduct standards which will be separately provided to the holder for information.
As a leader at Lloyd’s, the role holder is expected to provide inclusive and inspirational leadership that ensures the attraction, progression and retention of at high performing, diverse and market focused employee population.
Our leadership expectations for the Head of Tax are:
• Contribute to an open and transparent culture of risk management and demonstrate a strong awareness of the risks that should be managed within the responsibilities of the role
• Deliver responsibilities in line with all relevant risk appetites, policies, reporting and when applicable, membership on or input to Lloyd’s risk committees
The principal accountabilities for the Head of Tax are:
• To manage the tax affairs of the Corporation, in particular, to ensure compliance with tax legislation, producing accurate and timely tax returns and tax journals for financial statements. To be responsible for ensuring “no surprise” tax results for the Corporation’s tax reporting and tax filings
• To provide a cost-efficient tax service to the market and internal stakeholders, including central provision of premium tax and overseas income tax settlements where these are a valuable service to the market
• To file certain defined tax returns on behalf of members
• To keep the Executive Team apprised of any perceived divergence between the Corporation’s and its subsidiary’s appetite and actions contrary to the spirit (as well as the letter) of Tax law in any country
• To maintain effective relationships with tax authorities around the world to provide a foundation for discussions to manage members’ tax affairs and to represent members’ best interests in emerging tax compliance and policy matters to help ensure the attractiveness of the Lloyd’s market to all participants
• To support and defend Lloyd’s licenses (existing and prospective) with timely tax advice which identifies and mitigates tax risk and to be responsible for taking steps (including liaising with local tax authorities if appropriate) to ensure, so far as possible, that tax rules work in the context of Lloyd’s structure
• To attract and retain the best diverse talent through a high-performance culture, best practice, and inspirational leadership
Skills:
• Influencing & negotiating skills
• Effective networking skills
• Risk Management skills
• Stakeholder management skills
• Analysis/investigative Skills
• Tax advisory skills
• Leadership and Team management skills
Knowledge:
• Market knowledge including Lloyd’s, London Market & international insurance markets
• Knowledge of UK & international tax requirements
• Knowledge of international tax policy
• Knowledge of insurance market tax structures and risk appetites
• Knowledge of legal principles
• Knowledge of governance principles
Experience:
• Experience of managing teams
• Experience of stakeholder management within the London & International Markets
• Experience of Tax advisory services in international contexts
• Experience of Tax compliance
• Experience of leading strategic initiatives
• Experience of communicating complex tax and financial information
Professional Qualification:
• Accounting / tax qualification (ACA / CTA / Fully Trained Inspector of Taxes or equivalent)
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development.
NO AGENCIES PLEASE
JOB REF: AWDO-P11754
This job is being advertised by AWD online on behalf of Lloyd’s
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