Line of ServiceTax
Industry / SectorBanking and Capital Markets
SpecialismBanking & Finance
Job Description & SummaryA career in our Financial Services Tax practice, within Corporate Tax services, will provide you with the opportunity to help our clients meet their tax obligations while managing the impact tax has on their business.
You'll advise clients on their local and overseas tax affairs, while acting as a strategic consultant related to business analysis, managing working capital, and profit sharing for partners.
You'll also help organisations understand the pricing implications of goods and services between related parties, as well as providing advice on tax implications of deals.
Our team helps our Financial Services clients navigate the frequently changing and complex national and international tax environment related to stringent capital requirements, management of operational tax risks, and tax implications of investing in different jurisdictions.
You'll help our clients with their tax structuring while helping to address the challenges of the continuously changing tax world, both locally and globally.
As an Associate, you'll work as part of a team of problem solvers with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy to execution.
Specific responsibilities include but are not limited to :
Proactively assist the team in various aspects of the project
Contribute to the development of your own and team's technical acumen
Keep up to date with local and national business and economic issues
Ensure you are adhering to compliance matters
Work on developing internal relationships and your PwC brand
As part of the expansion of our Tax department, we are currently looking for an Associate in tax regulatory compliance for our Financial Services industry department, dealing notably with :
FATCA : The Foreign Account Tax Compliance Act obliges Financial Institutions to file yearly reports on financial accounts maintained for US persons;
CRS : The Common Reporting Standard (CRS) allows automatic exchange of financial account information between participating jurisdictions worldwide;
QI : A Qualified Intermediary commits to the US Internal Revenue Service (IRS) to identifying and documenting clients and instructing custodians to levy the appropriate withholding tax.
In the frame of FATCA, CRS and QI, PwC is helping in being compliant with reporting obligations and in implementing regulations.
As an Associate, you will :
Support international financial institutions (banks, insurance, funds) to put in place procedures to help them identify their clients concerned by regulations such as FATCA, CRS or QI;
Help to audit financial institutions in the implementation of the regulations, participate in testing;
Have a consulting function and advise on the processes of the financial institutions relating to FATCA / CRS / QI;
Give opinions on how to improve the latter (e.g. : guide the clients in calibrating their IT systems, deploying the adequate documentation, process, etc.);
Help to implement the proposed solutions and accompany the clients in implementing them;
Analyse the compliance of financial institutions (due diligence) and make sure that they collect the right information on their clients;
Participate in the production of reporting that the financial institutions are obliged to deliver to the Luxembourgish fiscal administration;
Liaise with the Luxembourgish fiscal administration;
Have the opportunity to work in close cooperation with different departments within our company such as our advisory department (global projects including project management), help on audit reports on FATCA, support our internal audit and AML team.
You have or you will soon have a Master's degree in economics or law, with a specialization in taxation (please mention the topic of your master thesis in your application and the main modules / subjects you took in your studies);
Ideally, you have a first legal or taxation experience;
You have a strong interest in FATCA / CRS / QI, compliance and consulting. A first internship or a thesis on FATCA / CRS would be considered as a strong asset;
You have an excellent command of Microsoft Office, a good knowledge of PowerPoint and Excel is a plus;
You are fluent ideally in English, French and German;
You are flexible, curious, highly motivated and client-oriented.
Education (if blank, degree and / or field of study not specified)Degrees / Field of Study required :
Degrees / Field of Study preferred :
Certifications (if blank, certifications not specified)
Desired Languages (If blank, desired languages not specified)
Travel RequirementsNot Specified
Available for Work Visa Sponsorship?No
Government Clearance Required?No
Job Posting End DateDecember 31