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Tax Accountant - Indirect Taxes in Luxembourg City at Tokio Marine HCC

Date Posted: 8/5/2018

Job Snapshot

Job Description

Job Purpose:

  • Responsible for the Premium Tax filings of Tokio Marine Europe S.A. (TME)

  • Prepare and file Luxembourg VAT return

  • Review VAT returns of other TME Branches

 

Key Responsibilities:

European Insurance Premium Tax Returns

  • Collate information for Premiums written each month from Data Warehouse

  • Sort by location to get a total payable by Territory

  • Check for reasonableness, such as correct tax rates, correct exchange rates, locations of risk etc

  • Dependent on territory concerned:

    • Prepare and file the premium tax return; or

    • Send data to outsourcing company to prepare the return

  • Arrange premium tax payments

  • Ensure that premium taxes Technical and Cash entries are recorded correctly in the General Ledger

  • Monthly review and reconciliation of Premium Tax Account monthly

  • Write and maintain the procedure manual on Premium Taxes

  • Assist in dealing with IPT enquiries by a tax authorities; such as preparation of any evidence needed and providing explanations and calculations of amounts due.

 Value Added Tax Returns

  • Prepare and file the VAT return for TME, Luxembourg

  • Check that any VAT payments/refunds are received and accounted for correctly

  • Reconcile the VAT account in the General Ledger

  • Write and maintain the procedure manual for VAT

  • Assist with any VAT enquiries from the business

  • Correspondence with local tax authorities as required

 Other:

  • Reporting to UK Tax Team as required

  • Assist Tax Manager as required

  • Ad hoc project work as required

Job Requirements

Qualifications and Experience Specification:

 Essential

  • Minimum 3 years work experience post university

  • Insurance Industry experience

  • Exposure to premium taxes

  • Languages: English and French

  • Familiarity with tax accounting

  • IT literate with intermediate Excel

  • Good communication skills

 Desirable

  • Degree

  • Accounting qualification

  • PeopleSoft General Ledger experience

  • One other European language, ideally German

 Soft Skills

  • Excellent communication and interpersonal skills

  • Focus on timely delivery of quality outputs

  • Good team player

  • Energy, enthusiasm and persistence

  • Methodical approach to problem solving

  • Professional approach and delivery of work product

  • Drive and commitment to achieve individual, project and team objectives

  • Pro-active in finding and implementing improvements to work processes

  • Willingness to challenge current methods and look for efficiencies

  • Commitment to development of self and others

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