Marsh McLennan is seeking candidates for the following position based in the London office:

Treasury/Funding Tax Lead

What can you expect?

The Treasury/Funding Tax Lead reports to the Head of Global Planning, and provides leadership in strategizing, structuring and executing various Treasury-related activities, including cash repatriation, intercompany financing, guidance on hedging and finance transactions worldwide, and cash pooling. You will help develop strategies to reduce Marsh McLennan’s global effective tax rate, maximize cash flow opportunities, provide documentation for company tax positions, and assist the Tax Operations team in reviewing transactions for the tax return.The role will suit a candidate that is a self-starter, who is comfortable directly working with Treasury colleagues and other stakeholders within the Company, to add value to the Company’s funding and financing model and devise and drive the development of comprehensive tax-efficient solutions.

What you will be rewarded with?

Competitive Benefits Package including: 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.Generous Family Leave including:  6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options.  To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.

We will rely on you to:

Design, develop, and coordinate global tax strategy for Treasury operations and financing transactions in coordination with and consistent with overall Treasury objectives.Plan, design and lead international tax projects to appropriately manage Marsh McLennan’s effective tax rate and tax-compliance requirements. This will include working with relevant functions to ensure supportable technical tax positions for business transactions.Provide tax leadership and advice with respect to major securitization structures, hedging structures, and cash pooling.Oversee tax aspects of the Company’s repatriation strategy, including dividends, capital reductions, and basis repatriations, including review of withholding tax and anti-hybrid positions.Own all tax aspects of Marsh McLennan’s sophisticated external financing transactions.Assist with transfer-pricing workstreams to ensure that Treasury-related activity is appropriately priced at arm’s length and properly documented.Support and contribute to Marsh McLennan’s view and review of tax risk within the appropriate local, regional, and global tax frameworks.Ensure that Treasury-related activity and transactions are accurately reflected for financial reporting purposes.Effectively manage the use and performance of external tax advisors to ensure appropriate and efficient external tax advice while managing advisor fees.Undertake international (non-U.S.) corporate tax research as necessary and assist with the review of financial modelling.Counsel senior Tax Department personnel on legal and technical tax issues as they arise.Stay current on legislative and regulatory changes impacting treasury and funding transactions as they effect Marsh McLennan.

What you need to have: 

Law or advanced business degree or accounting qualifications preferred.Experience with the tax treatment of funding transactions and repatriation of earningsAn in depth understanding of international tax concepts and tax rules especially in the UK and Europe (experience with Australia and Canada is helpful)Understanding of U.S. tax principles is a plusUnderstanding of U.S. GAAP and IFRSFluency in EnglishExcellent communication skills

What makes you stand out:

Mixture of professional firm and industry experience desirableExcellent technical skills, creative problem-solving, and business judgment/perspectiveExcellent people leadership/management skillsExperience with managing outsourced services including tax consulting

MARSH MCLENNAN

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in over 130 countries.  With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter  develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer  delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com

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