Risk Actuary

4 weeks ago

London, United Kingdom Liberty Specialty Markets Full time

**General information**:
**City**:London

**Country**:United Kingdom

**Creation Date**:04-Apr-2023

**Employment Type**:Permanent

**Employment Type**:Full time

**Ref #**:1234570133

**Description & Requirements**:
**Role Title: Indirect Tax Assistant Tax Manager - Insurance Premium Taxes**

**Department: Taxation**

**Division: Finance**

**Location: London**

**Type: Permanent**

**About the Role**:
**About the Department & Team**:
The LSM Tax Department is comprised of a dynamic team of tax professionals managing LSM’s internal tax matters and compliance processes as well supporting other internal functions and businesses across the LSM network across the globe.

**Key Responsibilities**
- Extract IPT data from LSM source systems, carry out validation checks raising queries as appropriate; submit to outsourced providers in agreed format and to required deadlines
- For UK and ROI IPT returns; extract IPT data, carry out validation checks raising queries as appropriate; prepare returns to required format in preparation for filing and payment
- Act as the primary point of contact with our IPT outsourced providers to ensure timely submission of all returns and payments
- Assist in designing appropriate governance and controls with regard to our IPT processes and take primary responsibility for testing IPT controls
- Assist in developing and maintaining documentation of IPT processes
- Provide ad hoc advice to the business in relation to IPT and other parafiscal tax queries.
- Provide input into processes to ensure internal timely reconciliation of IPT accounts linking in with wider business colleagues as appropriate
- Provide input on new systems and upgrades to existing accounting systems and front-end systems (web portals) to ensure premium taxes are properly identified and accounted for; and
- Maintain industry knowledge and an understanding of Insurance Premium Taxes and practices globally to evaluate their impact on the business and on indirect tax policies

**Other Responsibilities Include (not exhaustive)**:

- Provide assistance to other members of the tax team in relation to tax authority audits (where required)
- Provide assistance in providing clear communication to the business of legislative changes, or recent case law and of their impact to the business
- Provide input into raising awareness in the business to minimise errors via a rolling education programme
- Help manage the group’s relationship with HMRC and European tax authorities with respect to Insurance Premium Taxes; and
- Develop strong relationships with other functions which impact tax and premium taxes in particular.

**Skills and Experience**
- Good understanding of IPT
- Have an Insurance Premium Tax background within a corporate or accountancy firm
- Advanced Microsoft Excel skills
- A self-starter, with proven ability to assist implement new procedures and take ownership in delivering solutions
- Excellent admin, able to manage priorities and achieve internal and external deadlines; and
- Excellent team player, strong relationship skills and ability to communicate effectively both in writing and verbally

**Advantageous**
- ACA or CTA qualified
- Experience of European premium tax regimes outside of the UK
- Experience of the insurance industry
- Experience of VAT
- Experience of accounting packages and Alteryx; and
- A second language

**About Liberty Specialty Markets (LSM)**

Liberty Specialty Markets is part of Liberty Mutual Insurance Group, a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

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