Transfer Pricing Implementation Manager

We are currently recruiting a Transfer Pricing Implementation Manager to join our team and work on exciting global projects. You will be responsible for ensuring that the inter-company transactions of Smiths Detection and all its subsidiary companies are priced and invoiced in accordance with the relevant transfer policies applicable within the division. The transfer pricing policies themselves will be decided by the Detection finance team with input from the Smiths Group Tax team; this role is to ensure that the policies are followed in practice through various methods so that they are implemented correctly and that they withstand audit scrutiny.

Duties & Responsibilities

• Data Accuracy: Manage the global process for SAP/COPA master data accuracy, which is the foundation upon which all transfer pricing is built. Lead project for making significant improvement in COPA master data accuracy across the division in each entity; refine that project into a monthly process where master data accuracy is maintained and improved.
• Price Setting: Annual calculation of the inter-company mark ups applicable on sales of the products and services of Smiths Detection's business between sister companies
• Programme Pricing: Review and approval of one-off transfer prices related to the core business for programme sales (>GBP1M), assisting local entities with allocating the overall consideration for the programme down to individual materials being purchased.
• Transfer Pricing Adjustments Process: Responsible for administering the Transfer Pricing Adjustments Process ("TPAP") monthly.
• Inter-Company Recharges: administer the divisional policies around the re-charging of Global & Regional heads, sub-contracted R&D, Field Service Engineers and similar.
• Audit Trail / Documentation: ensure suitable records and supporting files are available to all interested stakeholders in support of the above calculations
• Audit Support: Lead explanation of transfer pricing implementation with external financial auditors and internal audit. Support tax audits & tax information requests for MAPs and APAs. Provide cost base information for governmental pricing audits in USA and information to support Duty declarations also.
• Budgets, Forecasts & Strat Plan: Perform calculations for annual Budget and quarterly Forecast process and arrange for transfer-priced position to be included in submissions to Group.
• Process Improvement: Identify inefficiencies and inaccuracies in existing process and suggest improvements to overcome or mitigate.
• Service Benefit Analysis: Draft the annual document that describes the nature of management services provided by the Detection HQ departments to the division.
• Ad-Hoc Modelling: calculations supporting potential changes to transfer pricing policies; the effect on divisional profits and losses

We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, economic status, disability, age, or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics, where we celebrate, support, and embrace diversity.

The Individual

• Educated to university degree standard and hold a recognised accounting qualification (ACA / ACCA / CIMA / CTA)
• Previous experience in a similar role.
• Experience of complex mathematical financial modelling, preferably regarding transfer pricing implementation or in a similar area.
• Previous experience with financial reporting (e.g. Oracle, SAP) or transfer pricing software (e.g. Longview, OneSource).
• Some experience of external audit techniques and liaising with auditors.
• Knowledge of transfer pricing theory and implementation techniques. An understanding of the complexity of transfer pricing implementation and the potentially iterative nature of calculations.
• Advanced MS Excel formula skills (VLOOKUP; INDEX/MATCH as a minimum) essential. • Experience of Longview or other transfer pricing software advantageous.
• Excellent communication skills, including English as a first or second language.

At Smiths we apply leading-edge technology to design, manufacture and deliver market-leading innovative solutions that meet our customers' evolving needs, and touch the lives of millions of people every day. We are a FTSE100, global business of around 23,000 colleagues, based in 55 countries. Our solutions have a real impact on lives across the planet, enabling industry, improving healthcare, enhancing security, advancing connectivity and supporting new homes. Our products and services are often critical to our customers' operations, while our proprietary technology and high service levels help create competitive advantage. We welcome colleagues with a curious mind, who are happy with responsibility, enjoy a challenge and are attracted by the idea of working at a business with an almost 170 year history of innovation, and five global divisions, all experts in their field.

About Smiths Detection

Smiths Detection is a global leader in threat detection and screening technologies for aviation, ports and borders, urban security and defence. With more than 40 years of field-tested experience, we deliver the solutions needed to protect society from the threat and illegal passage of explosives, prohibited weapons, contraband, toxic chemicals and narcotics. Every minute of every day our technology and our people make the world a safer place. Smiths Detection is part of Smiths Group, a global leader in applying advanced technologies to markets in threat as well as contraband detection, energy, medical devices, communications and engineered components. Smiths Group employs around 23,000 people in more than 50 countries...... click apply for full job details