VAT Senior Manager, Lloyds
£104.7-135.5k
+ An annual bonus award, subject to Group performance +Share schemes including free shares
More information about location
2-3 days a week in office
Retail and commercial bank
Job no longer available
Retail and commercial bank
1001+ employees
Job no longer available
£104.7-135.5k
+ An annual bonus award, subject to Group performance +Share schemes including free shares
More information about location
2-3 days a week in office
1001+ employees
Company mission
To support families and businesses, helping them to take the next step, whatever that may be.
Role
Who you are
- Strong VAT / Indirect Tax technology experience preferably in financial services
- VAT related qualification essential
- Good understanding of Tax Technology and data management
- Experience working in either Big 4, Top Tier Accountancy or Financial Institutions organisations
- Accuracy, time management and ability to meet tight deadlines
- Initiative and good people skills with ability to form effective working relationships with colleagues in all parts of the Group and with HM Revenue and Customs
What the job involves
- Helping to ensure the VAT compliance of the VAT group is correct by reviewing returns, liaising with the business and working with the team to provide dashboarding to senior stakeholders
- Performing key systems and process assurance reviews to identify gaps and indirect tax risks and then work with system and process owners to rectify issues and define scope of governance and controls to manage future risk
- Providing VAT advice to the business on new income streams/transactions
- Management of and assistance with indirect tax audits and enquiries where applicable
- Working with internal business partners and advisors to assist in successfully implementing the ongoing digital and tax transformation projects currently underway within LBG. To that end you will help to define, implement, test and continuously improve the governance and control framework
- Identify areas to improve the effectiveness of our VAT activities and initiates efforts to streamline and improve processes using the group’s tax technology resources
- Working with the business to document processes and controls and monitoring implementation of those procedures within the organisation
- Develops and designs content for training courses in specific functional areas to fill gaps in established programs; runs sophisticated and/or customised training courses to improve employee performance within specific functional area
- Provide informative, high quality sophisticated indirect tax advice to all business areas where appropriate
- Build relationships with important internal stakeholders and act as their business partner to understand new product offerings and transactions
- Delivers own small-scale or medium-scale projects by working within an established programme management plan
Salary benchmarks
Our take
Lloyds Bank, part of Lloyds Banking Group, began operations back in 1765 and is nowadays one of the UK’s leading retail and commercial banks. As with many leading banks, the company has dealt with its share of controversy – including for its handling of PPI complaints in 2015, and the 2009 European Commission ruling that forced it to part ways with TSB – but it has nonetheless stood the test of time and worked to build back its public reputation in the wake of these setbacks.
Of the company’s 26 million customers, over 18 million of them are online, making it the largest UK digital bank. As part of its ongoing digital transformation, the company is seeking to put the cloud at the front of its services and systems, and has cited intentions to invest heavily in overhauling its current technology infrastructure. All this seeks to serve the modern banking customer, and to compete with the fast-increasing number of alternative banking options appearing on the market.
Recently, Lloyds Bank has shown great interest in facilitating innovation in the industry, joining as a partner on FinTech Action Labs (a FinTech accelerator programme) to bring its industry expertise to early-stage FinTechs. As well as investment in digital transformation and AI, the company is enhancing its wealth product and corporate banking offerings, as well as expanding its partnerships with digital banking companies.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
- A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
- A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
- Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
- Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
- Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
- Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
- Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
- Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.
Company values
- We trust each other to achieve more together. We listen to, and are honest with, each other. We take things on, see them through, and give others the space and support to do the same.
- We put people first, and empower our colleagues to go the extra mile for our customers and communities. We treat everyone as individuals, and we don’t put processes ahead of real people’s needs.
- We embrace our differences to value everyone. We seek out diverse perspectives in order to learn about people’s different and changing needs, and to see how we can best support these.
- We’re bold and take action to drive the best outcomes for our customers. We champion ideas that move us forward, and we innovate for better results. We challenge things that aren’t right and make it our job to change them.
Company HQ
City of London, London, UK
Articles
Leadership
Charlie Nunn
(Group Chief Executive, not founder)Spent nine years at HSBC, including as Group Head of Wealth Management and Digital, and as CEO of Wealth and Personal Banking.
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