Private Client Manager - #137020

Department: Private Client Tax

Location: Romford

Compensation: £65,000 - £72,000 / year

Description

Our Romford office is looking for a Private Client Manager to join their exciting and growing department. You will be required to drive the delivery of personal tax advisory work, including writing reports and leading discussions with prospective and existing clients. You will also be required to oversee a team of junior staff who are responsible for day-to-day client contact and delivery of private client services across a diverse portfolio of around 250 individual clients.

This is a key role within the office, where you will be client facing and required to deal credibly and professionally with high net-worth clients and other professional advisors. 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 private client offering for the team, including making suggestions for improving internal processes and efficiencies. This will include mentoring the team to develop their interpersonal skills and providing technical training periodically.

Key Responsibilities

• Provide support to partners and directors in the effective running of the team and in winning new work.


• Managing a portfolio, consisting of a mix of clients with multiple sources of earned and investment income.


• 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 large partnerships and high net worth individuals.


• Dealing with a wide range of capital gains tax issues.


• Overseeing the UK tax return filling process for a broad variety of clients.


• Monitoring team 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 work to a high standard.


• Make suggestions and implement changes in order to improve efficiency within the team.

Skills, Knowledge & Expertise

Technical expertise:

• ATT & CTA Qualified, or professionally qualified with demonstrable relevant experience.


• Advanced understanding of core 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.


• Reporting on tax and other implications of incorporation of self-employment and businesses.


• Experience in Self-Assessment and preparation of tax computations.


• 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 enquiries into all aspects of direct taxation including experience of settlement and penalty negotiation.

Client experience:

• Private clients and proprietors of owner managed businesses (self-employed, partnerships and small companies)


• Non-UK domiciled and non-resident clients, ideally including non-UK resident trusts.


• UK and non-UK based high net worth individuals.


• Property owning clients using corporate vehicles and trusts.


• UK trusts and experience of UK trust account preparation and review is desirable.

Enterprise:

• Understands clients' attitudes to risk and ensures advice is communicated clearly, correctly and consistently.


• Recognises that tax advice is more than just technical analysis.

Business Building:

• Leads discussions with prospective and existing clients, pitches, proposals and presentations on tax.


• 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 team members. Offers support when needed.


• Excellent communication skills, both written, verbal and presentation.


• Acts in the interests of the Firm and the team.