TP Operations and Compliance Manager (12-months contract)

ConvaTec Inc; City Of London; On-site; GBP 75,000 - 90,000; Full time

Job summary

A global medical products company in London is seeking an Operational Transfer Pricing Manager for a 12-month contract. The role focuses on enhancing operational transfer pricing processes and supporting global tax planning initiatives. The ideal candidate will have significant transfer pricing experience, strong communication skills, and expertise in analytics. Join a dynamic team dedicated to delivering effective tax solutions worldwide and help make a significant impact in the medical technology sector.

Qualifications

• 3-4 plus years wholly dedicated transfer pricing experience.
• Working knowledge of cost recharges models.
• Knowledge of recent developments in OECD Transfer Pricing Guidelines.

Responsibilities

• Focus on operational TP processes and support global TP planning.
• Contribute to process improvement and project management.
• Prepare CbCR and assist in identifying risks and opportunities.

Skills

Strong Transfer Pricing technical knowledge

Excellent English communication skills

Excellent Excel skills

Ability to multitask and prioritise

Knowledge of automation and analytics

Education

Tax/Transfer Pricing qualified, ACA / CTA

Tools

Alteryx

Power BI

Job description

Role Overview

Convatec is undergoing a significant transformation in the way it does business and goes to market, while looking to make substantial investments in R&D and new technology. These changes, combined with the ever‑developing tax landscape and implementation of the Group's Finance operating model, mean that the Convatec tax team needs to be able to support and drive the implementation of these changes. Reporting directly to the Operational Transfer Pricing Director, the Operational Transfer Pricing Manager role 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. You will be part of an innovative Global Tax Team of approximately 18 team members situated in the UK and the USA. You will be accountable for providing subject matter expertise support to finance, corporate, and commercial teams who are based in HQ, the GBS, regional, and country‑specific locations. The role requires an innovative tax professional with the ability to manage multiple projects and engage with senior stakeholders. Your role will be global and will require an ability to work across different time zones and cultures. You must be a self‑starter and able to work as part of a dynamic and energetic team.

Key Responsibilities

• This is a 12‑month contract.
• 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 adjustments 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. Ensuring costs are captured in legal entity forecasts for price setting and true‑up/down purposes.
• 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.

Qualifications

• Tax/Transfer Pricing qualified, ACA / CTA, or other relevant professional qualification.
• 3-4 plus 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.

Skills & 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.

Company Overview

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. Convatec's revenues in 2024 were over $2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more please visit http://www.convatecgroup.com.

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.