AVP - Transfer Pricing - Banking

Currently hiring for a client based in Mumbai

Co Name: Leading Banking MNC

Designation: AVP

Requirement:

Looking at Applicants with product control/ financial control/ legal entity control / transfer pricing experience .

Role:

- The role is within the Corporate Centre Finance team, relating to HT - Hard Transfers (HTs) also sometimes referred to as Transfer Pricing (TP).

- Transfer pricing is a mechanism by which revenues and costs are allocated intra-group to ensure that subsidiaries or branches are appropriately rewarded for the activities they perform and risks they undertake or are charged for the organizational resources they consume.

- Such transfers are necessary to ensure that revenues and costs ultimately reside in the 'correct' legal entity / branch. Such transfers are required to be performed on an arm's length basis to ensure accuracy of the financial accounts on a legal entity basis. Accurate financial statements of all legal entities with the Group are essential in generating correct tax payments in each tax jurisdiction.

- Centre of excellence related to Hard Transfers is created to support end to end ownership of transfer pricing postings across the Group.

Job Profile:

1. Ensure completeness and accuracy of global transfer pricing calculations inline with procedures. The team member is responsible for calculating accurate and effective transfer pricing, based on verified inputs and in accordance with policies and methodologies laid down by Group Tax.

2. Perform monthly settlements. This requires liaising with various legal entity controllers and operations contacts to move cash from one entity to another.

3. Accurately report any type of transaction that impacts the general ledger, profit and loss statements or balance sheet items and disclosures arising out of a transfer pricing methodology.

4. Chair monthly / quarterly calls with various stakeholders (comprising of Business (Front office), Financial controllers, Group Tax) to review transfer pricing methodologies and ensure operational calculations are in line with expectations. This will require the candidate to develop an understanding of how various services are provided and consumed by different businesses, requiring keen analytical skills and an ability to learn quickly.

5. Ensure monthly scope confirmations, taking place between the CoE and Business are reviewed and understood, ensuring downstream impacts to the configuration of the IT toolset are performed accurately and in line with agreed SLAs.

Asma Shaikh
Manager
Black Turtle
Dir: 09821784857