Transfer Pricing Senior Specialist

Purpose of Job

Jobholders at this level are capable of operating with minimal supervision. They work within guidelines and procedures in order to prepare more complex, specialized or ad hoc reports to their related field. They undertake operational activities including identifying categorizing and prioritize potential transfer pricing arrangements leading to tax bases frauds and erosion and conducting high-level documentation review and functional analysis within transfer pricing policies, legislations and global standards.

Job Responsibilities

Transfer Pricing Planning

• Keep abreast of Transfer pricing policies, GAAP, and generally accepted auditing standards, procedures and techniques to remain current on updates in tax rules, parameters and reporting procedures
• Follow the latest developments, news and updates of multinational organizations to ensure awareness of new tax practices adopted by businesses and incorporate in assessments and audit reviews
• Build and maintain solid relationships with third parties data providers (CBCR, etc.)to facilitate information sharing on transfer pricing related insights
  
  
  

Transfer Pricing Assessment

• Consolidate, categorize and prioritize Transfer pricing audit results and conduct high‐level review of documentation and functional analysis to confirm audit findings
• Align with the transfer pricing audit team for cases that need additional investigations following spotted risks and identified noncompliance during reviews
• Develop models for various transfer pricing arrangements made by multinationals and their subsidiaries to run different scenarios and identify cases that could lead to tax base erosion
• Gather and analyze data from different sources (e.g. CBCR, ERAD, TP Doc, Industry reports) and liaise with internal stakeholders and international institutions to share advancements in tracking transfer pricing arrangements
• Research industries to develop benchmarks and comparability assessments in order to analyze outcomes and formulate conclusions on taxpayers’ line of business, revenue streams and economic ownerships of intangibles (trademarks, licenses, technology, etc.)
• Manage the proper implementation of transfer pricing risk assessment programs, derive high-level quantification of possible transfer pricing risks, and develop indicators of transfer mis-pricing and ensure proper dispatch to auditors
• Review advance pricing agreements (Unilateral, Bilateral and Multilateral APAs) and defend ZATCA’s position in complex transfer pricing audits
  
  
  

Audit Review

• Revise Transfer pricing tax assessments and confirm assessment approach (actual, estimated, reduced) based on accounting and financial structures
• Monitor objections and appeals and ensure coordination with Legal Affairs or AMANA to resolve disputes and support in key testimonies by providing clarifications on final audit findings and results
• Maintain and update related systems and databases, ensure that all audit findings are administered and stored in a preserved manner in order to facilitate data exchange with internal stakeholders and other government agencies
  
  
  

Reporting and Support

• Develop reports on high risk cases based on audit findings and communicate with relevant stakeholders
• Coordinate with Legal Support function to align on ZATCA’s technical position and tax-related laws, policies and regulations
• Communicate with ZATCA’s internal departments to provide assistance and information related to Transfer pricing assessments
  
  
  

Organization and Operations

• Follow all relevant policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner
• Help in solving escalated problems and provide needed support for junior team to ensure work is carried out in an efficient manner
  
  
  

Job Details

Communication and Contacs

Education

Bachelor’s degree in Economics, Finance, or equivalent is required

Experience

A minimum of 5 years of relevant experience

Competencies

Collaboration and Communication - Developing

Professionalism - Developing

Broad Taxation Awareness - Developing

Tax Audit Planning - Developing

Results Oriented - Developing

Tax Audit Techniques and Execution - Proficient

Transfer Pricing Management - Proficient

Customer Focus - Developing

Enablement of Change and Innovation - Developing