Transfer Pricing Junior Manager

Diageo is the world’s leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray, and Guinness. With over 200 brands in 180 countries and a global network of entrepreneurial individuals, our teams blend a diverse range of experience, knowledge, and skills. We connect customers and consumers to our iconic products and build innovative experiences that bring people together to celebrate life.

Global Tax is a global function, with specialists currently based in markets around the world including, but not limited to, the UK, US, Netherlands, Ireland, Hungary, and Colombia. Diageo’s approach to tax seems to enable and support our business strategy and balance the various interests of our stakeholders. Transfer Pricing is central to the management of Diageo’s global tax strategy.

The purpose of this role is to provide specialist technical and analytical expertise to enable Global tax to deliver the global TP agenda and key strategic TP projects whilst identifying opportunities to improve and simplify ways of working.

• Ownership for the strategy regarding the provision of information for inclusion in TP documentation and other advisory projects, including working with the outsourced TP documentation advisor to develop the strategy for the effective collection of accurate and consistent information and working with finance teams to ensure the strategy is appropriately implemented.

• Providing support to the wider TP team in delivering TP advisory projects and providing TP input into business led projects, with a particular focus on data and complex financial analysis and modelling.

• Provide support to the TP manager in delivering SME input and information into TP audits

• Ownership for identification of technology and process improvements which can improve the current ways of working.

• Provide support to the TP Operations team where required to ensure our TP policies are being driven appropriately.

You will play a key role in supporting the TP team to successfully design and support TP strategies and policies as well as responding to ad-hoc queries that will impact the pricing of finished goods, inter-company royalties, technical service fees, financial transactions, services, and other related party transactions, which act as the internal framework for all external Group sales.

In this way, the role will have direct consequences for the financial performance of all of Diageo’s operating entities including the profits recognised across our supply chain and the quantum of the direct and indirect taxes that we pay.

We work in a technically sophisticated and subjective area, and can have a heavy compliance burden that varies across the markets that we operate in. This is particularly true given significant ongoing revisions to the OECD’s TP guidance, the growing relevance of the UN’s TP guidance for emerging markets and a series of unilateral measures.

You will have global responsibilities and interact with many partners and all areas of our business.

Given this global scope and the myriad interactions between TP and different functions, the role requires you to have a pro-active approach, be highly numerate with excellent commercial skills to apply strong judgment in a range of circumstances.

• Owning the strategy with respect to the information gathering process for TP documentation.

• Provide analytical and strategic support to allow the team to deliver all areas of TP policy design, strategy, audits and advisory projects.

• Preparation of complex financing modelling required to inform and support strategic projects.  

• Ownership for the development of technology and process improvements across the TP team

• Supporting the TP Operations team in relation to implementation of our TP policies

• Degree in Finance/Tax/Accounting with at least 4 years of relevant experience (either in practice or at a large multinational)

• Detailed financial modelling / Excel (or equivalent) experience and familiarity with data extraction, manipulation and presentation

• Strong understanding of accounting and tax principles and reporting process

• Commercially astute, analytically strong strategic problem solver with the ability to collect, evaluate and analyse complex financial data

• Confidence in working with limited data and with tight deadlines

• Inquisitive, patient, and open to new insights and ways of solving a problem

Flexibility is key to our success. Talk to us about what flexibility means to you so that you’re supported to manage your wellbeing and balance your priorities from day one.  

Our purpose is to celebrate life, every day, everywhere. And creating an inclusive culture, where everyone feels valued and that they can belong, is a crucial part of this. We embrace diversity in the broadest possible sense. This means that you’ll be welcomed and celebrated for who you are just by being you. You’ll be part of and help build and champion an inclusive culture that celebrates people of different gender, ethnicity, ability, age, sexual orientation, social class, educational backgrounds, experiences, mindsets, and more.

Our ambition is to create the best performing, most trusted and respected consumer products companies in the world. Join us and help transform our business as we take our brands to the next level and build new ones as part of shaping the next generation of celebrations for consumers around the world.

Feel inspired? Then this may be the opportunity for you.

If you require a reasonable adjustment, please ensure that you capture this information when you submit your application!