DIVISIONAL / DEPARTMENTAL OVERVIEW
Transfer Pricing Team is responsible for performing complex Transfer Pricing calculations, accounting for them and preparing and publishing MI’s around the TP numbers, for entities spread across all regions.
MAIN DUTIES / RESPONSIBILITIES OF THE ROLE :
Responsible for Transfer Pricing, including
Preparing Transfer Pricing calculations
Accounting for Transfer Pricing
Investigating Global P&L breaks in Transfer Pricing accounts
Preparing and posting of Transfer Pricing MIS reversals
Liaising with Tax Transfer Pricing Team globally
Liaising with settlement teams for all the regions above and getting the invoices settled
Acting as backup for Transfer Pricing tasks in the absence of other team members
Ensure that SOPs (standard operating procedures) are developed and kept up to date for all processes.
Perform analytical review of the process on a monthly basis and preparation of governance packs and MIS report.
Monitoring of intercompany breaks and resolution thereof on a timely basis
Tracking of open items and appropriate escalation in a timely manner
Ensuring timely and quality signoff of accounting balances on a monthly basis
Ensuring quality commentary of breaks reported
Contribute in ad-hoc projects to improve processes
Ensure that SOPs (standard operating procedures) are developed and kept up to date for all processes. Perform analytical review of the process on a monthly basis and preparation of governance packs and MIS report.
Liaising with auditors and other upstream departments on an ad-hoc basis
Manage hand-offs with other departments e.g. Entity Controllers, operations and intercompany Team
EDUCATION AND PROFESSIONAL QUALIFICATIONS
Total Experience of 5-7 year of which 5+ years’ experience in financial accounting in a banking environment, preferably within Investment banking background.
Alternatively degree as business analyst with total work experience of 5-7 years of which 5+ years’ experience in Financial accounting systems in a banking environment, preferably with Investment banking background.
Financial Services Background preferable.
Previous Transfer Pricing experience
Strong Accounting Background & Analytical Skills
TECHNICAL / SOFT SKILLS
Strong client focus attitude.
Demonstrate good MS Office skills (practical Excel knowledge)
Knowledge of Financial Systems (PSFT, Essbase) preferable.
Solid conceptual and analytical skills with a flair for data and figures Focus on delivery.
Strong verbal and written communications abilities.