Head of Tax Insurance
London, United Kingdom
Who are we?
A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.
We are a values-based organisation where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognised. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?
Learn more about our unique culture and history.
Job Opportunity:
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a senior tax professional from a highly regarded law firm, public accounting firm, company or the industry who is interested in joining the dynamic Transactional Liability team of BHSI to lead our rapidly growing Tax Insurance practice in the United Kingdom. The Global Transactional Liability team evaluates risks associated with Mergers & Acquisitions and other corporate transactions and provides: (i) Warranty & Indemnity Insurance; (ii) Tax Insurance; and (iii) Contingent Liability Insurance (e.g., litigation buy-outs and other known risk matters) in Europe, US, Asia, Middle East and Australasia.
The candidate will utilise tax acumen and skills to assess and analyse tax risks, identify attractive opportunities for BHSI, determine and negotiate appropriate terms and conditions, and represent BHSI in promoting and marketing tax insurance to brokers, customers and tax advisors. Prior insurance industry experience is helpful but is not essential.
Duties & Responsibilities:
- Lead and develop the European Tax Insurance team in building and managing a profitable portfolio of tax related risks.
- Review and analyse opportunities for tax insurance involving a wide variety of tax issues, including those arising in M&A transactions, tax credits, restructuring transactions (including spin-offs and recapitalisations), the character or other classification of income and deductions, tax treaty questions and many other European and international tax issues.
- Evaluate the results and adequacy of tax opinions and memoranda, due diligence reports, transaction documents and other information provided with tax insurance submissions.
- Draft and negotiate tax insurance policy contract language (no prior insurance policy drafting experience necessary).
- Work closely in a collaborative team environment and with brokers, customers and outside tax advisers.
- Maintain awareness of the competitive environment in, and the unique risk profile of, the tax insurance product line as well as developments in the tax law and practice.
Qualifications, Skills and Experience:
- 10+ years tax experience at a highly regarded law firm, public accounting firm or company (or any combination of the foregoing). A legal degree and/or prior industry experience will be a plus.
- Ability to work in a fast-paced environment, multi-task and make quick and independent decisions with careful attention to detail.
- Must be friendly, proactive, collaborative and team-focused with strong interpersonal, communication and negotiation skills as well as the ability and desire to interact frequently with lawyers, customers and brokers in order to complete transactions in timely manner and develop relationships for the development of future opportunities.
BHSI Offers:
- A competitive package and exciting growth opportunities for career-oriented teammates
- A dynamic, action oriented, and thoughtful environment centred on always doing the right thing for our customers, teammates and our other stakeholders
- A purposely non-bureaucratic organisation that embraces simplicity over complexity and emphasises individual excellence in a team framework
To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com
NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization
