Tax Accounting Manager

WELLTOWER – REIMAGINE REAL ESTATE WITH US At Welltower, we’re transforming how the world thinks about senior living and wellness-focused real estate. As a global leader in residential wellness and healthcare infrastructure, we create vibrant, purpose-driven communities where housing, healthcare, and hospitality converge. Our culture is fast-paced, collaborative, and endlessly ambitious—guided by our mantra: The only easy day was yesterday.

We’re looking for bold, independent thinkers who thrive on challenge, embrace complexity, and are driven to deliver long-term value. Every team member is empowered to think like an owner, innovate fearlessly, and lead from where they stand. If you're passionate about outcomes and inspired by the opportunity to shape the future of healthcare infrastructure, we want you on our best-in-class team.

SUMMARY We are seeking an experienced Tax Accounting Manager to lead the preparation, review, and reconciliation of tax provisions across a group of companies reporting under FRS 102, IFRS, and US GAAP. This role requires deep technical expertise in current and deferred tax accounting, book-tax differences, and cross-GAAP alignment, with a strong preference for candidates with REIT (Real Estate Investment Trust) experience.

The role sits at the intersection of tax and financial reporting and will be responsible for ensuring accurate, compliant, and well-documented tax accounting across multiple jurisdictions and reporting frameworks. This role is 100% office based in our Central London office.

KEY RESPONSIBILITIES Tax Provision (Current & Deferred) Lead the monthly, quarterly and annual tax provision process under: IAS 12 (IFRS) ASC 740 (US GAAP) FRS 102 Section 29 Prepare and review: Current tax calculations (including uncertain tax positions where applicable) Deferred tax calculations on temporary differences Effective tax rate (ETR) reconciliations and analysis Ensure consistency and accuracy across entities reporting under different GAAPs Deferred Tax & Temporary Differences Maintain and review detailed deferred tax schedules, including: Identification and tracking of temporary differences Recognition and measurement of deferred tax assets (DTAs) and liabilities (DTLs) Assessment of recoverability of DTAs (e.g., valuation allowances under US GAAP vs recognition thresholds under IFRS/FRS 102) Monitor and document changes in tax rates and legislation impacting deferred tax balances Ensure proper treatment of: Investment properties (fair value vs cost differences) Leases (especially IFRS 16 vs US GAAP ASC 842 vs FRS 102 Section 20) Financing structures and intercompany balances Book-Tax Differences Identify, track, and reconcile permanent and temporary book-tax differences across all reporting frameworks Maintain detailed tax basis balance sheets and reconcile to financial reporting bases Analyse key drivers of differences such as: Fair value adjustments (common in IFRS/REIT structures) Revenue recognition differences Capital allowances vs depreciation Impairments and provisions Provide clear documentation supporting tax positions and audit trails Multi-GAAP Analysis & GAAP Differences Act as the internal expert on differences between IFRS, US GAAP, and FRS 102 for tax accounting, including: Recognition and measurement of deferred taxes Treatment of uncertain tax positions (ASC 740 vs IFRIC 23 vs FRS 102 approach) Differences in recognition thresholds for DTAs Impact of fair value accounting (particularly for real estate assets) Prepare GAAP bridge analyses explaining differences in tax balances and ETR across reporting frameworks Support group reporting with consolidation adjustments and alignment entries REIT-Specific Tax Considerations (Preferred) Apply knowledge of REIT tax regimes, including: Distribution requirements and their impact on taxable income Property income vs non-qualifying income streams Deferred tax implications of property revaluations Support structuring and compliance considerations for REIT entities Liaise with advisors on REIT-specific tax matters Controls, Compliance & Audit Ensure robust internal controls over tax accounting processes Own documentation for SOX or equivalent controls (if applicable) Act as key contact for external auditors on tax accounting matters Review tax disclosures in financial statements across all GAAPs Stakeholder Management Partner with: Financial reporting teams Local finance teams across jurisdictions External tax advisors Provide technical guidance and training on tax accounting topics Support tax planning initiatives with accounting impact analysis