Transfer Pricing Senior Accountant

TRANSFER PRICING Sr. ACCOUNTANT – (GG10)

Job description – duties and responsibilities

The Transfer Pricing Lead will be responsible for the processing, delivery, and accuracy of the transfer pricing accounting entries for a specific group of companies within the relevant TP framework that the team supports. This role sits within the central TP team based in Bengaluru, India. The role is a part of the Global fiancé team which manages the central global functions that support the 3 main divisions with the organization – D&A, Risk Intelligence, Markets & Post Trade. The team currently supports over 100+ entities and accounts for over $8bn value in transactions.

This role requires the candidate to have previously performed accounting activities within a CoE/GSS/GCC environment. An understanding of intercompany processes and/or Transfer pricing concepts within a large global organization. The candidate must have a working knowledge of both SOX and IFRS.

The role reports to the Transfer Pricing Manager.

The key activities for the role are as follows:

• Run the Monthly Transfer Pricing model, creating the journal file to be interfaced into the general ledger, then executing the same ensuring that all fees generated by the TP model are recorded accurately.

• Calculate and post the monthly TP accrual entries for those entities that cannot be processed through the TP Interface.

• Manage high/medium risk entities, monitor monthly TP results to ensure numbers reported are in alignment with group and local transfer pricing practices, monitor and analyse financial data and transactions periodically to identify and resolve potential Transfer Pricing issues or risks.

• Respond to the queries raised by customers and ensure that they are resolved within acceptable timelines. Where it is not feasible then escalate to TP Manager.

• Prepare TP Journals as a part of the Month End activity and ensure that they are posted within the stipulated timeline with utmost accuracy.

• Review and process Statutory Adjustments through the Transfer Pricing Model for the assigned entities and issue updated TP calculations to the controller.

• Initiate and own the Transfer Pricing Documentation for the assigned Legal entities

• Provide support, calculations, and documentation for local, group and tax audits

• Ensure all activities are done in accordance with the global finance calendar & TP calendar to ensure that all deliverables are met and are in compliance with TP SOX narrative.

• Participate in TP Model enhancements by the way of testing and providing avenues for improvement and flag potential failure points.

• Actively work on mitigating operational risks by reviewing tasks executed by TP Accountants to ensure quality delivery to our customers.

Department’s role

The Centre of Excellence is one of two centres based in Bangalore, India and Colombo, Sri Lanka. Providing the finance support and processing needs for LSEG Globally. Activities include supplier invoice processing and payment, employee expenses, cash management, Treasury Operations, Intergroup accounting, financial and Statutory accounting, management reporting, local compliance, and fixed asset responsibilities.

Person specification – required skills and education.

Key attributes for this role are:

• Minimum of 7+ years of experience in General Accounting, transfer pricing/international tax or related fields.

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• Bachelor's degree/Master’s degree in accounting, finance, or a related field.

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• Proficiency in financial analysis and data interpretation.

• Excellent analytical skills and attention to detail with a forward-looking and proactive mindset that is risk adverse.

• Effective communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.

• Ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.

• Proficiency in using financial software, ERP systems (SAP/Oracle) and Microsoft 365.

• Ability to work collaboratively in a team environment and effectively communicate complex transfer pricing concepts to stakeholders & auditors

• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines.

• Understanding of end-to-end accounting process.

• Proven ability to learn and adapt quickly.

• Comfortable with working autonomously.

• Strong work ethic and team spirit.

At LSEG, we believe that creating a diverse and inclusive organization is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities. Our open culture is central to how we deliver our purpose – driving financial stability, empowering economies and enabling customers to create sustainable growth – in everything we do.

Working with us means that you will be part of a dynamic organization of 25,000 people across 70 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.

Career Stage:

Senior Associate

London Stock Exchange Group (LSEG) Information:

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.