Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.

We are currently seeking an ambitious individual to join our team as an Tax Accountant, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose

To provide technical tax accounting oversight to UK private asset book, involving real estate, private debt and private equity asset classes. This will cover multiple fund ranges from ACS, PAIF’s, segregated mandates, insurance funds and Special Purpose Vehicle (SPV) structures (both transparent and opaque).

To ensure tax accounting, including note discloses for each private asset fund type is complete, accurate and in line with the required General Accepted Accounting Practice (GAAP) (UK, International Financial Reporting Standards (IFRS), SORP accounting etc.)  

The job holder will be proactive in managing change, and working on standalone basis to investigate complex tax accounting standards cross domiciles.  An excellent client facing approach is essential as this role will involve significant interaction and collaborative working with both the client’s tax and accounting teams and the client’s tax compliance advisors.

The job holder will also be involved in designing appropriate ops model and robust process to embed within structures / books as private asset funds onboard and play an oversight role once such funds are in Business As Usual (BAU).

In this role, you will:

• Understand through discussion with client’s tax team or client’s tax compliance service provider, the tax basis for each fund structure, across all taxes (e.g. corporation tax, VAT, stamp taxes etc.) including any uncertain tax positions, reliance on specific tax rulings etc. and agree with client how the tax position of the funds will be accounted for
• Provide expertise on tax accounting requirements across the asset class and fund jurisdictions in line with relevant GAAP
• Provide expertise on tax accounting in fund price where required in line with regulatory requirements
• Ensure that any interpretation of tax requirements is understood, documented and agreed with client and implemented robustly
• Face off to the auditor on tax accounting matters
• Assist with new technology repercussions of integrating these asset classes within operational mode
• Develop and maintain excellent working relationship with client contacts, their third party tax compliance providers and third parties such as audit firms and external technology providers

Requirements

To be successful in the role, you should meet the following requirements:

• Qualified Tax Accountant or Chartered Tax Advisor
• Qualified tax experience in financial services with exposure to private assets
• Experience of dealing directly with external clients and third parties
• Thorough knowledge of UK tax for Private Asset structures and tax accounting for same
• Ability to build and maintain excellent working relationships with colleagues, clients, third party providers
• Ability to communicate effectively in writing and verbally
• Ability to plan and organise workload to meet deadlines, taking into account relative priorities
• Strong business sense and awareness of the key issues/risks within the tax area

You’ll achieve more when you join HSBC. 

https://mycareer.hsbc.com/external

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.