CA (1yr Exp) required at Barclays as Analyst – Transfer Pricing
Analyst – Transfer Pricing - Financial Control, Barclays Finance - 90011704
Primary Location:IN-Tamil Nadu-Chennai
Job Type:Permanent/Regular
Posting Range:2 Sep 2014 - 6 Sep 2014
Description
Grade: BA4
Location: Chennai
Number of open position(s): 1
Number of open position(s): 1
The Finance department covers Financial Control, Product Control, Tax and Financial Decision Support.
Financial
Control (FC) is responsible for the preparation of statutory,
regulatory, tax and management reports for Barclays Capital. It ensures integrity of financial information by implementing and monitoring appropriate controls throughout the organisation.
Transfer
Pricing (TP) ensures that all cross-border and cross entity
transactions / services within the firm are reflected in the appropriate
tax jurisdiction, carried out in adherence to a consistent arm’s length
framework and in conjunction with the best practice approach in line
with all applicable regulatory requirements.
The
Revenue Transfer Pricing process repatriates Profit and Loss back to
the entity that is bearing the risk. Sales Credit TP on the other hand
ensures that the entities that are bearing the costs of the Sales team
are appropriately compensated by the entity recording the revenue. The
risk of not doing so is that one or more tax authorities may dispute the
measure of revenues or costs in one or more BarCap entities. They may
either seek to deny a tax deduction for costs or impute additional
income for tax purposes to such entities.
The
Finance Transfer Pricing staff is responsible for ensuring
implementation of arrangements regarding revenue transfer pricing and
sales credit. The staff is also responsible for coordinating the
settlement and accounting of these transactions across the Barcap world
As an Analyst – Financial Controls, your responsibilities will include:
· Perform
calculations around transfer pricing and sales credit based on the
inputs from tax and dataset received from multiple systems. This
includes but not limited to:
· Source the inputs from various stakeholders including sales finance and tax
· Performing the Central Transfer calculations
· Perform the Sales Credit Settlement calculations
· Perform the offline manual transfer pricing calculations
· Coordinate with the entity controllers and tax to have the computations signed off
· Coordinate with the TPCE entity controller for performing FX trades and settlement
· Complete the accounting related to transfer pricing and sales credit
· Resolving inter-co mismatches and attestations in the Eliminations database
· Preparation of account substantiations and reconciliations for monthly Account
· Ownership
· Ensure compliance to various policies and procedures applicable to transfer pricing
· Support entity controllers on transfer pricing related issues
· Providing details and substantiation on amounts booked and settled.
· Support on details required for tax audits and other audits.
· Lead projects on improving efficiency and controls in the process
We expect you to bring the following:
- Enthusiastic, motivated, self-starter, pro active and a team player.
- Willingness and ability to take ownership of issues and manage through to a successful resolution.
- Good stakeholder engagement skills and understanding their requirements for effective execution
- Strong control mindset.
- Good IT System skills
- Strong interpersonal skills and excellent communicator.
- Desire to provide top quality service to internal stakeholders from different areas of the firm /geographies
- Eye for detail and exception track record in managing and resolving conflict situations
- Excellent analytical and problem solving skills with ability to Think outside the box.
Preferred:
- Qualified Accountant from big 4 firms
- Experience in Intercompany Recharges / Transfer Pricing
- Experience of having employed in Investment Banking environment
- Experience of working in SAP financial accounting or investment banking middle-office / back-office accounting and settlement systems.
You must meet the following eligibility criteria:
- Qualified Accountant – CA, CPA, ACCA
- Strong academic background – 1st /2nd class honours, Minimum Bachelors degree from a reputable institution.
- Minimum 1 year post qualification experience
- Completed 12 months in your current role as a BA4 or Completed 18 months in your current role as a BA3
- Exceptional, Exceed Expectation & fully meet expectation in Last year PD rating
If this excites you,
- Please visit our Intranet and apply for this role and upload a copy of your updated resume and IJP application form.
- Line managers must validate the essential criteria before submitting applications for this role
- Successfully screened applicants will be invited for Competency Based Interview(s)
If you have any queries, please write to Akanksha Srivastava @ akanksha.srivastava@barclays.com.
Team Managers are requested to cascade this to their teams.
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