Transfer Pricing Specialist

Job Purpose

We are seeking a skilled and experienced Transfer Pricing Specialist (TPS) to join the Global Tax team of Saudi Aramco. As part of the Transfer Pricing Compliance and Reporting Division (TPC&R), the TPS will be accountable for a variety of transfer pricing compliance activities of the worldwide enterprise. Responsibilities include, preparation and review of analysis related to the Saudi Aramco Group’s compliance with Pillar 1 and Pillar 2 obligations and various other BEPS initiatives; transfer pricing documentation and reporting; review of intercompany transactions and agreements; managing transfer pricing related risks and audits; and other activities as needed.

The TPS will play a critical role in ensuring compliance with international transfer pricing regulations whilst supporting the organization’s global tax accounting and compliance efforts.

Responsibilities

• Transfer Pricing Documentation: Prepare, review, and maintain detailed documentation to support the company’s transfer pricing policies and methodologies. This includes the preparation and review of country-by-country reports, and other jurisdiction specific disclosure requirements. Additionally, ensure the master file and local files are up-to-date and accurate. Lastly, manage documentations related to controlled transactions.
• Transfer Pricing Analysis & Reporting: Prepare or review detailed economic and financial analyses to determine the appropriate transfer pricing methodologies. These methodologies should align with local regulations and the arm’s length principle.
• Intercompany Transactions & Agreement: Monitor and analyze Saudi Aramco’s intercompany transactions to ensure compliance with transfer pricing guidelines and regulations. Additionally, review intercompany agreements and ensure alignment with transfer pricing policies. If necessary, recommend adjustments to maintain compliance and optimize the company’s tax position.
• Risk Management: Identify and assess potential transfer pricing risks. Develop strategies to mitigate these risks. Additionally, monitor changes in tax laws and regulations and be aware of how these changes could impact the company’s transfer pricing policies.
• Pillar 1 and Pillar 2: Ensure compliance with Pillar 1 and Pillar 2 requirements. This includes calculating and reporting the global minimum taxes, as well as fulfilling any related reporting obligations.
• Global Tax Strategy: Collaborate with cross-functional teams to develop strategies for Aramco’s global tax position. These strategies should incorporate considerations related to Pillar 2, such as the global Minimum Tax framework and other transfer pricing impacts.
• Audit Support: Provide support during tax audits. This includes responding to inquiries from tax authorities in relation to the company’s transfer pricing policies and practices.
• Stakeholder Engagement: Collaborate with various stakeholders within the organization such as finance, legal, operations, and affiliates to ensure alignment of transfer pricing policies with business objectives.

Education & Experience Requirements

• As the successful candidate, you will hold a minimum of Bachelor’s degree (preferably in Accounting/Finance/Economics), and also be a certified Public Accountant, Chartered Accountant, or equivalent qualification.
• You will have previously held a manager/director level position with at least 10 years of experience in complex, multinational tax matters, and deep knowledge of transfer pricing. An understanding of Saudi Arabian tax laws is preferable.
• In-depth knowledge of global transfer pricing regulations, OECD guidelines, Pillar 1 and Pillar 2 initiatives and updates.
• Preferably major global energy company experience and demonstrated ability to drive global consistency.
• Strong understanding of financial accounting principles, preferably under IFRS; although equivalent experience with other generally accepted accounting principles will be considered.
• An analytical mind set, process orientated, organized and structured approach to problem solving and ability to work under pressure.
• Excellent interpersonal skills and interest in building an effective internal network and work collaboratively with external advisors.
• Excellent command of oral and written English; fluency in the Arabic language is preferable.

Certificates

Title : Assoc of Chartered Certified Accountant (ACCA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Reduce 2 yrs from min yrs of exp. on full accred.in one of these certificates (

Title : Certified Financial Analyst (CFA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Reduce 2 yrs from min yrs of exp. on full accred.in one of these certificates (

Title : Certified Internal Auditor (CIA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Certification in the areas of internal audit and practice.

Title : Certified Management Accountant (CMA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Reduce 2 yrs from min yrs of exp. on full accred.in one of these certificates (

Title : Certified Public Accountant (CPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
Reduce 2 yrs from min yrs of exp. on full accred.in one of these certificates (

Title : Saudi Org of Certified Public Accountant (SOCPA)
Req./Pref. : Preferred
Comments-Nature of Cert./License Relations :
certification in the areas of accounting and auditing standards.