TP Operations and Compliance Specialist (12-months contract) in Westminster

About Convatec

Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company, focused on solutions for the management of chronic conditions, with leading positions in Advanced Wound Care, Ostomy Care, Continence Care, and Infusion Care. With more than 10,000 colleagues, we provide our products and services in around 90 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention and protection of at-risk skin, to improved patient outcomes and reduced care costs.

This is an exciting opportunity to join the Global Tax team at Convatec. The team is undergoing significant transformation, combining R&D investment, new technology implementation, and a shift in the tax landscape. As a member of the team, you will contribute directly to process and performance excellence and work alongside senior leaders in tax and transfer pricing.

About The Role

Reporting directly to the Operational Transfer Pricing Director, the Operational Transfer Pricing (TP) Specialist will focus on operational TP processes and support global TP planning. You will assume direct responsibility for key TP processes and implement improvements to the processes. The role requires an innovative tax professional with the ability to manage multiple projects, engage with senior stakeholders, and work across different time zones and cultures. It is a 12‐month contract.

Key Duties And Responsibilities

• You will contribute to the team's continued process improvement and expansion of the operational TP tool and new processes to further standardise, simplify, and automate the management of profit margins and price setting cross‐border transactions.
• Aid in analysing the impact of BEPS 2.0 Pillar Two rules on the Group tax and help with the related compliance activities.
• Having improved the operational TP processes and tools, you will undertake the annual price setting exercise, legal entity true‐up/down reviews, and all other applicable TP adjustment calculations, working with local finance teams, analysing systems data to ensure legal entities' target profit margins are in line with benchmark data and meet the Group's TP policies.
• You will additionally work alongside the Tax Reporting team in their Effective Tax Rate forecasting and resolving auditor questions during the tax reporting cycles.
• Accountable for refining a best‐practice HQ/service provision recharges model, working with finance to deliver timely quarterly recharges and accruals.
• Ensuring that charges are recorded accurately and supported by the requisite TP documentation, including updating the policy and process notes as appropriate.
• Documenting functional analyses for recharges and linking the cost recharges to the TP Reports.
• Driving efficiency by working with other TP colleagues to effect simplification and preparation of TP documentation and operational processes.
• This includes utilising the TP Report tool and external advisers to prepare Local Files for relevant legal entities and maintaining the Group's Master File.
• Collaborating with the other members of the Global Tax team, Finance, and legal teams to develop and maintain all necessary legal documentation supporting intra‐group transactions.
• Identify gaps and ensure requisite agreements exist, especially relating to HQ and SLA recharges.
• Ensure documents are stored in an internal repository and can be easily identified and accessed.
• Assisting the Strategic Taxes team with TP projects, including documentation of interviews with the business and updates on the value chain analysis ("VCA"), providing quantitative data and input into transfer pricing planning.
• Preparing the CbCR and EU's future Public CbCR report using automation tools, assisting in identifying risks and opportunities for evolving TP policies.
• Creating and maintaining the TP tax risk register and assisting in implementing the mitigation of risk.
• Embedding governance steps and an escalation process to manage TP risk.
• Working with local and central Finance colleagues, assisting with the Group's transfer pricing defence agenda, supporting and in certain cases leading on TP audits, drafting responses to tax authorities to manage tax audits and minimise TP risk.
• Providing ad‐hoc TP support to business development, M&A, corporate restructurings, and other commercial initiatives, adapting and implementing revised TP policies as necessary.
• Continuously monitoring changes in the local and global TP environment, providing insights to the tax team.

About You

• Tax/Transfer Pricing qualified, ACA / CTA, or other relevant professional qualification.
• 3‐4+ years wholly dedicated transfer pricing experience (or equivalent) with exposure to complex advisory and global transfer pricing projects, preferably with experience in the Big 4 accounting firms or equivalent.
• Strong Transfer Pricing technical knowledge.
• Working knowledge of cost recharges models.
• Knowledge of recent developments in OECD Transfer Pricing Guidelines and BEPS.
• Familiarity with accounting for income taxes.
• Excellent English communication skills (both written and verbal).
• Excellent Excel skills.
• Knowledge of automation and analytics (Alteryx, Power BI) is a big plus.
• Knowledge of TP technology tools is an added advantage.

Skill And Experience

• Ability to multitask and prioritise effectively to meet deadlines.
• Ability to think strategically and consider future implications when preparing/reviewing work and/or advising on project work.
• Able to manage own workload independently while being part of a larger team.
• Able to independently manage workstreams and projects, including external consultants.
• Able to deal with ambiguity, imprecise or incomplete data, and other people's time constraints in requesting information and delivering practical advice.
• Willingness to take a hands‐on approach.

At Convatec, we're pioneering trusted medical solutions to improve the lives we touch. If you're ready to make a real impact, apply today and help us bring our Forever Caring promise to life.