Private Client Tax Manager - Trusts & Estates

Private Client Tax Manager - Trusts & Estates

About the role

My client is looking for a Private Client Manager to join their exciting and growing department. A key and significant part of the role will involve dealing with Trusts, estates, and their beneficiaries. You will also be required to oversee a team of junior staff who are responsible for day-to-day delivery of private client services across a diverse portfolio of individual clients.
You will also be involved in driving the delivery of personal tax advisory work, including writing reports and leading discussions with prospective and existing clients.

This is a key role within the office, where you will be client facing and required to deal credibly and professionally with trustees, executors, high net-worth clients, professional advisors and intermediaries. As such, excellent technical skills are crucial; equally crucial will be your ability to impart complex tax technical information to non-experts.
We are looking for someone to actively manage the delivery of the trusts and estate private client offering for the team, including making suggestions for improving internal processes and efficiencies. This will include mentoring the team to develop their soft skills and providing technical training periodically.

Key responsibilities:

• Providesupport to partners and directors in the effective running of the team and in winning new work.
• Managing a client portfolio, the greater part of which will include trusts and estates, with multiple sources of income and gains.
• Driving the delivery of technical advisory work on the portfolio.
• Dealing with one off advisory and compliance assignments.
• A key point of contact for the client.
• Dealing with a range of capital gains tax and inheritance tax issues.
• Overseeing the UK tax return filling process for a broad variety of clients.
• Monitoring work progress against targets.
• Providing feedback and giving input into staff appraisals, as well as direct responsibility for appraising staff.
• Monitor progress and encourage the personal development of all team members.
• Ability to produce written work to a high standard.
• Make suggestions and implement changes in order toimprove efficiency within the team.

Skills & expertise
The candidate should have experience in advising on a wide range of tax issues which should ideally include the following areas:
Technical expertise:

• CTA and/or STEP Qualified, or other professional qualification with demonstrable relevant experience.
• UK trust account preparation and inheritance tax accounts/computations.
• Advanced understanding of general private client tax issues, including personal tax anti-avoidance legislation.
• Confidently interacts with HMRC regarding complex issues on behalf of clients.
• Delivers advice confidently in transactional, litigious, or confrontational circumstances.
• Experience in Self-Assessment and preparation of tax computations for private clients, particularly as it relates to Trusts and estates.
• Demonstrable experience of report writing and ad hoc advisory work.
• Previous supervisory and management experience including reviewing the work of others.
• Planning for mitigation of Inheritance Tax including use of trusts and tax effect of lifetime transfers.
• Dealing with HMRC enquiries into all aspects of direct taxation including experience of settlement and penalty negotiation.

Client experience:

• UK trusts and estates
• Private client individuals and proprietors of owner managed businesses (self-employed and partnerships desirable)
• Non-UK resident trust experience desirable.
• UK and non-UK based high net worth individuals, including beneficiaries of trusts and estates.

Enterprise:

• Understands clients' attitudes to risk and ensures advice is communicated clearly, correctly and consistently.
• Recognisesthat tax advice is more than just technical analysis.

Business Building:

• Leads discussions with prospective and existing clients, pitches, proposals and presentations on tax issues.
• Can evidence regular referral of non-tax work to other parts of the business.
• Maintains own target list and can evidence targeting actions, plans and results.
• Proactively approaches clients and contacts with ideas and possible opportunities.
• Shows commercial judgement in improving the firm's efficiency and profitability.

Delivery:

• Takes responsibility for WIP management and billing.
• Meets all internal and client deadlines.
• Determines and explains roles, sets out expectations and responsibilities, empowers and motivates team members to deliver.

Interpersonal Skills:

• Motivates and enthuses the team to follow the Firm's policies and procedures.
• Has trust and respect of junior staff. Offers support when needed.
• Excellent communication skills, both written, verbal and presentational.
• Ability to 'see the bigger picture' and acts in the interests of the Firm and the team.

________

As an employer, we are committed to ensuring the representation of people from all backgrounds regardless of their gender identity or expression, sexual orientation, race, religion, ethnicity, age, neurodiversity, disability status, or any other aspect which makes them unique. We welcome applicants from all backgrounds to apply and would encourage you to let us know if there are steps, we can take to ensure that your recruitment process enables you to present yourself in a way that makes you comfortable.