Director of Transfer Pricing in Woking

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Job Details

Position Summary

• The primary responsibility of the candidate will be to manage all aspects of transfer pricing compliance and advisory with respect to all the Cencora companies, focusing on Cencora's non-US business.
• Directing the setting up, updating and monitoring all Cencora's transfer pricing policies;
• Working with and advising business teams on the implementation of transfer pricing policies, including annual periodic reviews of the actual results for compliance with policies;
• Ensuring all transfer pricing obligations are met, including preparing / updating transfer pricing documentation to meet local transfer pricing compliance requirements and working with other members of the international tax team, all related requirements including CbCR, public CbCR, local filing requirements, collation of information for 5471 reporting etc.;
• For AB Finco Ltd, Cencora's international financing company, advising on loan financing interest rates, ensuring appropriate loan documentation is in place.
• Managing and advising on the transfer pricing aspects of tax enquiries as necessary;
• Supporting and advising Group Tax / business teams in respect of ad hoc projects or transactions to model and advise on the transfer pricing impact of such arrangements;
• Monitoring and updating Group Tax on developments in transfer pricing issues globally.

Given the dynamic nature of the business, candidates may be required from time to time to assist in general corporate tax matters on an ad hoc basis (with support and guidance from the team), and must also have an interest in expanding his/her expertise and experience in other areas of tax beyond transfer pricing.

Job Context

The Cencora International Tax team has managed all the non-US Transfer Pricing requirements for Cencora and has brought in house the majority of the advice and documentation required for Cencora's non-US businesses to be compliant. The team aims to be a best in class in-house tax function, and seeks a candidate who possesses strong technical knowledge and experience in transfer pricing, and who is able to apply this in a pragmatic way to ensure business teams can operate efficiently whilst ensuring robust support to meet local transfer pricing requirements.

This position is the lead role in directing and managing the Transfer Pricing compliance aspects of Cencora's non-US businesses, and a key role in supporting on all aspects of transfer pricing advisory. The candidate will report to the Vice President International Tax and will also work closely with the Cencora's US Tax function as well as all International Tax and business finance teams to ensure a holistic approach to managing the Cencora Group's transfer pricing affairs.

Key Responsibilities

• Prepare / update Transfer Pricing documentation based on OECD guidance and/or local jurisdiction transfer pricing requirements in a timely manner. The candidate must be capable of working independently to complete all aspects of transfer pricing documentation from planning and managing fact gathering steps to performing economic analyses. In addition, candidate be responsible for preparing responses to transfer pricing enquiries.
• Use tools available to prepare benchmarking studies (covering tangible goods, intangibles, services and financing). The candidate must have first-hand experience in preparing such benchmarking studies and understand how to interpret and apply the results in the context of planning and/or support.
• Where appropriate or necessary, update, devise and implement new transfer pricing arrangements.
• Work with business finance teams to collate data for, compute and periodically assess whether intercompany charges (e.g. service fees, interest) are consistent with the arm's length principle. The candidate must seek to continuously improve the efficiency, timeliness and accuracy of such procedures through implementing improvements to the process.
• Assist in maintaining procedures and processes to ensure adherence to Sarbanes-Oxley internal controls over transfer pricing policies.
• Provide support on other compliance and advisory projects relating to wider corporate tax matters.
• Assist International Tax team to develop processes and models to analyze the income tax, cash tax and effective tax rate impacts of proposed legislation, M&A transactions, discrete events, jurisdictional audits and various planning scenarios.

Candidate Requirements

• An undergraduate degree and admission as a Chartered Accountant / CPA, Chartered Tax Advisor or the equivalent.
• Strong work ethic with a can-

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