Director of Transfer Pricing

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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. This will include, but is not limited to:

- 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.

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Candidate Requirements

- An undergraduate degree and admission as a Chartered Accountant / CPA, Chartered Tax Advisor or the equivalent.
- Strong work ethic with a can-do attitude and sense of accountability and ownership.
- Comfortable with a fast pace and switching between competing priorities.
- Good general IT skills and has a strong interest in using technology in achieving efficiencies.
- Ability to communicate and influence effectively and collaborate with others.
- Strong communication skills both written and verbal.
- Ability to multi-task.
- Self-starter and able to work independently.

Specific Skills

- Fluency in English; and at least one other European Language is desirable.
- Ability to navigate ERP systems or financial reporting tools (e.g. Oracle, SAP, COGNOS).
- Ability to assess key issues using a principled approach and integrate new information to adapt the approach as necessary.

Experience

- Knowledge of the transfer pricing technical aspects of, and key issues involving, intercompany transactions relating to tangible goods, intangibles, services and financing.
- First-hand experience in performing benchmarking studies using in-house or 3rd party database tools. Ability to critically assess the results obtained and apply this in a way to ensure that business teams can operate efficiently whilst complying with local transfer pricing requirements.
- Experience in preparing, and managing the preparation of, transfer pricing documentation under OECD principles.
- Good knowledge of the legislative framework governing transfer pricing (such as OECD transfer pricing guidelines, BEPS Action 13, etc.). Experience with U.S. regulation s482 is advantageous. For areas that are new / unfamiliar to the candidate, he/she must be comfortable with performing research to arrive at informed conclusions.

Travel
It is estimated that the role requires no more than 25% travel.

What Cencora offers

​Benefit offerings outside the US may vary by country and will be aligned to local market practice. The eligibility and effective date may differ for some benefits and for team members covered under collective bargaining agreements.

Full time

# Affiliated Companies
Affiliated Companies: Alliance Healthcare Management Services Limited

Equal Employment Opportunity

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Cencora is committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, age, disability, veteran status or membership in any other class protected by federal, state or local law.

The company’s continued success depends on the full and effective utilization of qualified individuals. Therefore, harassment is prohibited and all matters related to recruiting, training, compensation, benefits, promotions and transfers comply with equal opportunity principles and are non-discriminatory.

Cencora is committed to providing reasonable accommodations to individuals with disabilities during the employment process which are consistent with legal requirements. If you wish to request an accommodation while seeking employment, please call 888.692.2272 or email hrsc@cencora.com . We will make accommodation determinations on a request-by-request basis. Messages and emails regarding anything other than accommodations requests will not be returned