Tax Associate

LLoyds Banking Group
End Date
Wednesday 07 June 2023

Salary Range
£0 – £0

We support agile working – click here for more information on agile working options.

Agile Working Options
Hybrid Working

Job Description Summary
As the private equity arm of Lloyds Banking Group, LDC supports management teams across the UK to fulfil their growth ambitions and build great businesses. Since 1981, LDC has invested over £5.5bn in more than 650 SME and mid-market businesses. Last year LDC invested £384m into 16 new companies, supported 44 acquisitions across the portfolio and extended our partnership with the Prince s Trust to become the leading corporate supporter of young entrepreneurs. More details can be found at .

Reporting to the Head of Tax, the new Tax Associate role will manage the tax and structuring aspects of investment transactions, contribute to prudent tax management and work on tax initiatives with our 90+ portfolio companies. The role involves collaborating closely with investment teams across all of LDC s offices, as well as teams in Finance and Legal, our value creation partners and other groups across the organisation.

We are building out the role that the Tax function plays in supporting investment value and contributing to the development of prudent, pro-active tax management across our investee companies. The successful candidate will play a full part in these longer-term governance and infrastructure initiatives, as well as managing a transactional portfolio.

The role would suit someone currently in an advisory role and looking to broaden their experience by moving in-house while retaining exposure to a broad cross-section of sectors, transactions and issues. It would also suit someone who is already in-house and looking for greater responsibility, or more direct engagement with investee companies and the variety of interesting issues that they encounter. As part of a small team, an inquisitive mind and a determined and questioning personality are important – you will be expected to challenge what you are told so that our decision-making is robust.

As part of Lloyds Banking Group, LDC follows HMRC s Code of Practice on Taxation for Banks, as well as the Group s Tax Strategy, informing our values-driven approach to managing tax. SMEs are getting to grips, and more, with the demands and opportunities provided by ESG and LDC actively supports those efforts. Tax is an aspect of this, particularly in a governance context, and the successful candidate will contribute to our work in this interesting area.

Job Description

Responsibilities:

• Manage tax and structuring aspects of acquisitions, reorganisations and disposals, supported by external advisers.
• Support portfolio company transactions and initiatives e.g. bolt-on acquisitions, MIPs and refinancings.
• Identify and pursue opportunities to protect and increase investment value, helping to improve portfolio companies tax control environment and reduce uncertainties and risks.
• Advise on tax across LDC and help to develop tax awareness within the organisation.
• Engage directly with portfolio companies on tax governance, tax risk management, development projects and ad hoc tax-related queries and discussions.
• Support the provision of accurate and robust tax information to LDC s investor.
• Contribute to prudent tax management across LDC and its portfolio.
• Manage and build productive relationships with external advisers.

Skills and attributes relevant to the role:

Indicative

• Six-plus years of corporate tax experience, including substantial exposure to structuring, due diligence and execution of transactions in a UK private equity context.

Essential

• Inquisitiveness required to delve into and understand a changing menu of issues.
• Determination needed to query information and opinions to arrive at robust decisions.
• Diplomacy necessary to achieve these objectives while supporting a range of stakeholders.
• Can-do attitude, willing to take on a broad range of tasks and projects.
• Structured approach to organising and prioritising a range of work – as well as initiating projects and anchoring them you will need to be able to see them through to completion.
• Able to communicate with precision, conviction and concision.
• Confidence to operate at different levels within organisations, from interacting directly with senior management to managing input from junior advisers.
• Energised by the prospect of being part of several project teams at any one time, and contributing to a variety of objectives within those teams.

Beneficial

• Experience of working with SMEs or entrepreneurs, particularly in relation to management incentive plans and/or other transactional contexts.
• Familiarity with M&A and other transactional documentation, investment agreements, capital tables, partnership fund structures and VAT.
• Some exposure to international tax matters and cross-border transactions.

We are an equal opportunity employer and deeply value diversity within our organisation.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop.

We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.