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.
The Role
To manage a team to deliver the global insurance premium tax (IPT) compliance process and IPT technical support for the Lloyd’s Market.
The role has a focus on premium taxes in relation to the Lloyd’s Market (Syndicates/Managing Agents) which has responsibility for proving high quality and timely technical support and guidance to the Market in relation to premium taxes, delivering 800+ premium tax returns (with a value of £0.75bn+) globally per year and working with the UK and overseas tax authorities to resolve audits and enquiries on the Market’s behalf. This role holder is the key point of contact for the Lloyd’s Market in relation to any premium tax issues.

Principal Accountabilities

• Delivering the premium tax compliance process on behalf of the Market for all 30+ countries in which Lloyd’s is required to report and pay taxes, including settlement and collection of tax payments.
• Providing leadership and direction to the IPT team.
• Leading, developing and being accountable for the performance of the IPT team;
• Managing the relationship with HMRC in respect of UK IPT.
• Manage existing Lloyd’s tax arrangements with various tax authorities globally and negotiate new arrangements for Lloyd’s where required.
• Responsibility for maintaining accurate tax information and content on Crystal+ (Lloyd’s database of tax information)
• Building and maintaining relationships with the Market as the key contact for premium taxes;
• Responsibility for all premium tax communications to the Market on Lloyds.com.
• Lead and manage special projects in relation to market premium tax issues (e.g. Brexit, German IPT law reform).
• Responsibility for ensuring Lloyd’s meet its risk and governance requirements in relation to premium taxes (e.g. UK SAO requirements).

Skills

• Oral and written communication skills and the ability to communicate tax-technical issues to a non-tax audience
• Ability to work independently with guidance only on complex issues and organise and prioritise own work
• Ability to work as part of a team and liaise with other departments and external contacts
• Ability to analyse changes in legislation and assess impact of changes on Lloyd’s and its members
• Proactive attitude toward identifying issues and recommending solutions based on initiative, experience and understanding of procedures
• Confidence to challenge information provided and to use initiative especially in dealing with areas of ambiguity
• Consultative approach and the ability to manage conflicting views
• Effective networking skills and ability to develop strong working relationships
• Risk management skills
• Stakeholder management skills
• Tax advisory skills
• Leadership and Team management skills

Experience

• Solid and broad grounding in UK indirect / premium taxes;
• An awareness of significant EU and non-EU issues;
• Experience of dealing with tax authorities.

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. You can read more about diversity and inclusion on our
website
.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd’s, you’ll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacanc

• Delivering the premium tax compliance process on behalf of the Market for all 30+ countries in which Lloyd’s is required to report and pay taxes, including settlement and collection of tax payments.
• Providing leadership and direction to the IPT team.
• Leading, developing and being accountable for the performance of the IPT team;
• Managing the relationship with HMRC in respect of UK IPT.
• Manage existing Lloyd’s tax arrangements with various tax authorities globally and negotiate new arrangements for Lloyd’s where required.
• Responsibility for maintaining accurate tax information and content on Crystal+ (Lloyd’s database of tax information)
• Building and maintaining relationships with the Market as the key contact for premium taxes;
• Responsibility for all premium tax communications to the Market on Lloyds.com.
• Lead and manage special projects in relation to market premium tax issues (e.g. Brexit, German IPT law reform).
• Responsibility for ensuring Lloyd’s meet its risk and governance requirements in relation to premium taxes (e.g. UK SAO requirements)