Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.
We design, build, manage, and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most office-based roles, requiring employees to be present at least three days per week.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
JOB TITLE: Senior Accountant - Transfer Pricing
KEY RESPONSIBILITIES:
1. Manage the implementation of the Transfer Pricing policy across Asset Solutions globally, liaising with colleagues in Asset Solutions Finance teams and Group-wide Finance colleagues.
2. Ensure transfer pricing obligations are managed proactively and effectively, liaising with Tax specialists and wider Finance teams to implement necessary processes.
3. Handle TP documentation and processes, including understanding group TP policies and liaising with Group Tax TP specialists.
4. Coordinate reviews and preparation of intercompany agreements with Legal, Tax, and Treasury departments.
5. Develop process documentation, templates, and conduct education sessions for relevant teams.
6. Automate TP processes where possible, assessing practicality with stakeholders.
7. Review service agreements to ensure compliance with Group TP policy.
8. Manage legacy TP work, including prior year TP charges, adjustments, and reporting.
9. Work with Finance Business Partners to apply TP policies across projects, calculating adjustments and supporting documentation.
10. Assess and record shared service center cost reallocations and intercompany loan implications.
11. Coordinate with Tax teams on TP adjustments' impact on tax filings.
12. Collaborate with Statutory Accounting and General Ledger teams to implement TP steps.
13. Map TP charges between entities for current and prior years.
14. Develop management reports on TP adjustments and monitoring tools.
15. Conduct ad hoc analyses on TP impacts for new activities.
16. Promote continuous improvement in systems and processes.
ESSENTIAL QUALIFICATIONS AND SKILLS:
* Qualified accountant (ACAS, ACCA, or CIMA), or AAT Level 4/equivalent.
* Strong technical, organizational, and decision-making skills.
* Excellent communication skills and team orientation.
* Ability to work under pressure and meet deadlines.
* High proficiency in Excel; experience with Oracle is highly preferable.
* Experience with international businesses and intercompany transactions; TP experience is highly desirable.
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