We're looking for a Senior Tax Manager to join our Tax team on a six-month fixed-term contract. Based in London with hybrid working. This is an opportunity to play a key role in overseeing operational tax matters across our public and private market investments. Working closely with the Head of Tax, investment teams and external partners, you'll help ensure our tax processes remain efficient, compliant and aligned to best practice, while supporting the delivery of excellent outcomes for our members.
Who we areRailpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.
Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here
The RoleAs Senior Tax Manager, you will support the Head of Tax in the oversight and delivery of operational and overseas tax matters across Railpen's investment portfolio. You will work across a broad range of tax activities, including withholding tax recovery, overseas tax compliance, tax reporting and operational tax risk management (including ensuring accounts are documented from a tax perspective).
Acting You will act as a key point of contact between our Investment, Operations, Finance and Risk teams, as well as being the primary contact foralongside custodians, third party fund managers and external advisers. You will help drive efficient processes, ensure accurate tax reporting and identify opportunities for continuous improvement. You'll also provide leadership and development support to a Tax Associate, helping to build capability within the team.
Key responsibilities will include:
Monitoring and optimising withholding tax positions, including relief at source and reclaim opportunities.
Managing relationships with custodians, administrators and external tax advisers to ensure high-quality service delivery.
Supporting compliance with international tax reporting regimes, including FATCA and CRS requirements.
Providing operational tax input on fund investments, structural changes and taxation of financial instruments.
Supporting wider tax advisory and compliance activities across the business as required.
Identifying and helping mitigate operational tax risks, while ensuring adherence to internal policies and controls.
Driving collaboration across teams to resolve complex tax issues and improve processes
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The PersonYou will be an experienced tax professional with strong technical knowledge of operational taxes within an investment environment with a particular focus on public market investments. Comfortable working independently and managing multiple priorities, you will combine technical expertise with a collaborative approach and the ability to build effective relationships across a range of stakeholders.
You will bring:
A relevent tax or accounting qualification.
Significant experience in operational taxes, ideally within public markets and investment management.
Strong knowledge of withholding taxes, custody structures and transaction taxes across multiple jurisdictions.
Experience supporting overseas tax compliance and reporting obligations.
Knowledge of FATCA, CRS and other international tax reporting requirements.
Experience managing and challenging the performance of third-party service providers and advisers.
Previous experience leading, coaching or developing junior team members.
Excellent stakeholder management skills, with the ability to communicate complex tax matters clearly and effectively.
Exposure to private market investments would be desirable
Above all, you'll embody Railpen's values of Alignment, Community and Integrity, bringing a collaborative mindset, taking ownership of outcomes and helping us deliver the best possible service for our members.
What we can offer youRewarding youA competitive salary (depending on experience)
28 days annual leave, plus bank holidays [pro rata]
Defined Contribution pension
Employee assistance programme
Health cash plan
Eye care vouchers
Flu vaccination
Give as you earn scheme
Paid volunteering days
Please apply for the apply button or visit Careers Page by 5pm Friday 17th July.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.
Skills Required
- Relevant tax or accounting qualification.
- Significant experience in operational taxes within public markets and investment management.
- Strong knowledge of withholding taxes, custody structures and transaction taxes across multiple jurisdictions.
- Experience supporting overseas tax compliance and reporting obligations.
- Knowledge of FATCA, CRS and other international tax reporting requirements.
- Experience managing and challenging third-party service providers and advisers.
- Previous experience leading, coaching or developing junior team members.
- Excellent stakeholder management and ability to communicate complex tax matters clearly.
- Legal right to work in the UK (no visa sponsorship).
- Exposure to private market investments.
What We Do
The Railways Pension Scheme is one of the UK’s largest and longest established pension funds. Railpen is responsible for the safekeeping and investment of around £34 billion on behalf of the scheme’s 350,000 members who are connected to the railway industry. Railpen's purpose is to secure our members' future. To achieve this we invest the scheme’s assets to generate strong returns over the long term. Our members and their employers trust us with this very significant responsibility. We are proud of this responsibility, take it very seriously, and are committed to, and passionate about, improving their future lives. Generating the required returns is challenging. To be successful we must constantly strive to be considered a world-class asset owner by our stakeholders, with a proven track record of adding value for our members. This means we have to have excellent people, doing exemplary work, in every part of our business. We use the size of our assets to invest wisely and influentially. Our convictions and a clear set of investment beliefs guide us through complex and changing markets. We’re not afraid to think innovatively or act boldly in the best interests of the members we are proud to serve









