Transfer Pricing Specialist
Job details
Aramco energizes the world economy.Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society.Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.Job PurposeWe 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.ResponsibilitiesTransfer 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 documentation 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 RequirementsAs 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 mindset, process oriented, 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.CertificatesTitle : 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.Working EnvironmentOur high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development.We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.
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