Roles and Responsibilities
KPMG’s Insurance tax team, part of the wider FS tax team, is a group of around twenty tax professionals of all grades, including three partners and three directors.
The team is spread across three sites London, Bristol and Edinburgh. The team works as a national team and location does not dictate client allocation.
Our business covers the full gamut of insurance clients, including major UK-based insurers, international insurance groups, life insurers, pension product and other specialist providers, and brokers.
The core insurance team provides mainly corporate tax advisory and M&A services, and facilitates the provision of corporate tax compliance services, as well as tax advisory services covering the full range of non-corporate taxes.
We are generally the main point of contact for the client for all taxes.
The extent of change affecting the Insurance sector has raised enormous opportunities and significant challenges for KPMG.
Regulatory, reporting and legislative change, as well as changes in the underlying market climate (appetite to claim, claimant fraud, risk profile change, technology impact) are driving insurance companies to embrace transformational change both to internal systems and to client facing products and operations.
There are significant opportunities around these changes, often not tax driven, but which have tax impact where we can contribute positively for our clients.
The situation is complicated by EU audit reform, meaning that market share growth opportunities, are significant.
We are therefore looking for capable, enthusiastic professionals with experience of the insurance market, and of corporate tax for insurance groups.
To be credible at a senior level, our staff must have in-depth knowledge of the insurance sector and the challenges it faces, not just a strong tax background.
The Senior Tax Manager role involves leading the delivery of corporate tax and M&A sales relating to insurance clients. Work can involve general insurance, life assurance, brokerage and Lloyds clients, and may involve any aspect of corporate tax, including product taxes, and wider cross-discipline projects.
In addition to delivery, the role will include building client relationships as part of wider client service teams and embedding tax into opportunities where relevant, as well as taking tax propositions to clients.
Another key aspect of the role is to be a role model in terms of knowledge sharing and coaching staff so that they build their insurance specialism and we have a team ready to meet market demand.
The successful candidate should have a strong desire to be a dynamic part of an active insurance tax team and have the capability to progress to director within two years and lead a local FS tax team.
Qualifications and Skills
Chartered Tax and / or Chartered Accountancy and / or equivalent legal / HMRC / international qualification is essential.
Experience and Background
The successful candidate should be able to demonstrate :