AVP/VP, Tax

Investment Services Private Markets

The Investment Services Private Markets Department is responsible for investment services for the private market across the GIC group. It is responsible for providing deal structuring and closing, portfolio monitoring, valuation, finance, operations, tax, data management and analytics services, in the execution of private market investments in Real Estate, Private Equity, Private Credits and Infrastructure.  It is involved in financial reporting and accounting of investment holding companies, as well as operations and financial due diligence for asset operations.

Tax

The Tax team guides GIC through the increasingly complex and evolving maze of international tax legislation and issues, to maximize portfolio value by ensuring that investment and business decisions are made on a tax-informed basis. Collectively, the Tax team oversees GIC’s international tax-related strategy, tax risk management, investment support, and tax compliance.

To facilitate GIC’s continuing global investment strategy, the role of AVP/VP is being established in GIC’s London office. Reporting to the SVP, Tax Lead - Europe, the individual will predominantly provide tax support to the investment departments that invest directly in Europe. This will include investment structuring support, managing tax risk, executing on strategic initiatives, and nurturing and growing relationships with local advisors, government officials, and industry peers in Europe.

Responsibilities

Tax Support to Private Market Investments in Europe, with a focus on Real Estate,  but also covering Private Equity, Credit and Infrastructure.

• Delivers early-stage tax support as investment teams explore the viability of new opportunities. In anticipation of investing into key European jurisdictions, facilitates preparatory work with external advisors to determine the availability of tax privileges for GIC and preferred tax structuring alternatives.

• Provides more direct support to investment teams in complex situations to ensure tax risks and opportunities are well understood, monitors the quality of final technical advice/opinions and tax ruling submissions.

• In addition to direct equity investments, GIC look at Fund investments, Co-Invests and Credit investments.

• Maintains tax knowledge pertinent to assets classes that invest across Europe and leverages a network of external advisors to monitor for changes of tax law or administrative practice. Effectively highlights and communicates changes of law to investment departments that could impact current or future investments across Europe.

• Recommends and on-boards tax advisors to provide quality service and advice to meet specific needs of investment teams. In the process, strives to establish good rapport and ensure the quality performance of advisors

• Collaborates with investment teams and other Corporate Services departments to ensure that the on-going tax management of investments across Europe meets GIC’s needs. Identifies improvements and recommends pragmatic solutions.

• As necessary, facilitates similar investment and tax support to global investments.

Broader support across tax strategy and tax risk

• Supports the Tax team’s work to advance tax strategic initiatives in Europe (i.e. BEPS, MDR, Transfer Pricing initiatives).

• Maintains constructive relationships with key government authorities and tax departments of peer organizations in Europe.

• Supports the roll out of training for investment professionals and other departments in Europe to increase their tax awareness and effectively enable them to understand tax issues to their department.

• Contributes knowledge of GIC’s European tax issues to the delivery of tax risk reporting to key stakeholders.

• Maintains high standards of effective oral and written communications to internal stakeholders to ensure ease of understanding the relevance to the business.

• Interfaces with the European investment departments and external compliance providers to ensure that GIC’s tax compliance obligations are met.

• Actively contributes to the Tax team’s knowledge and technology resources, and shares ideas/information with peers.

• Supports the implementation of special projects and initiatives for Tax team.

Build and maintain strong cross-functional relationships

• Works effectively with colleagues across GIC.

• Builds the trust of the investment departments that are directly supported.

• Develops, maintains, and manages relationships with key individuals across all other GIC departments.

• Collaborates with peers in the Tax team to leverage team knowledge and experience.

• Assists with reports to senior management on tax issues, risks, and opportunities across asset classes, product lines, and geographies.

• Promotes collaboration and issue resolution within and across teams.

Requirements

• Ten years’ of relevant tax experience, with significant international and/or M&A tax experience.

• Professional accountancy/tax qualifications preferable.

• Experience in the private investment industry is an asset, but not required.

• Demonstrates strong writing, analytical, and oral presentation skills, and creativity in written presentation materials.

• Demonstrates an ability to think broadly about tax information, think through problems strategically, assess a variety of factors, and recommend a solution.

• Can adapt to communication styles based upon the audience, and has a proven skill to synthesize complex technical concepts into plain language for non-specialist audiences.

• Has strong organizational/project management skills and the ability to efficiently progress multiple assignments.

• Has excellent attention to detail and consistently high levels of accuracy.

• Demonstrates personal initiative and strives to innovate and build best practices, but is highly attuned to the need for pragmatic solutions.

• Is energized by ideas and experiences, and will encourage a learning environment.

• Has strong impact and influencing skills, with the ability to influence people with a personal style and finesse, rather than authority.

• Is a continuous learner, who stays on top of business trends and technical tax changes.

• Is flexible, and able to work autonomously.

• Exemplifies GIC's PRIME values.

Diversity, Equity & Inclusion is an expression of our corporate values of Prudence, Respect, Integrity, Merit & Excellence (PRIME). The way we work is founded deeply on respect for one another and a clear sense of purpose. By making inclusion explicit, we want our global organization and our international community to know that we can bring diversity of talent and thoughts – our whole selves – to GIC, as we all strive to invest well for Singapore. We believe an inclusive environment yields exceptional contribution. When diverse teams feel included, we build shared belonging: to one another and to GIC.  

We are an Equal Opportunity Employer

All applicants who qualify for the role will receive consideration for employment without regard to race, age, religion, sexual orientation, gender identity/expression, socio economic background or disabilities. GIC (Europe) is signed up to the Halo Code and a Disability Confident Employer. Please email grphrod_ldo@gic.com.sg at any point of the application or interview process if adjustments need to be made due to a disability.