Transfer Pricing Advisor

Aramco energizes the world economy.

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer. 

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

We are currently seeking an experienced finance professional who specializes in Transfer Pricing, to join our Financial Reporting & Compliance Division (FR&C) within the Upstream Finance Function.

The individual team member will be part of the part of the FR&C Division that handle accounting, compliance (IFRS) and assurance over segment financials reported both internally and externally, and provide executive decision support analysis on commercial initiatives and investment opportunities.

As a Transfer Pricing Specialist, reporting to the Upstream Head of Financial Reporting & Compliance, you will be responsible for the delivery of best-in-class transfer pricing advice, support the design and implementation of the transfer pricing strategy and initiatives, and ensure related governance and controls are operating effectively.

• Build and maintain excellent relationships with key internal and external stakeholders
• Develop working knowledge of company transfer pricing policies as well as local transfer pricing regulations and laws
• Lead the design and implementation of transfer pricing projects including development of pricing model(s)
• Advise on transfer pricing aspects of business expansions, reorganizations, and cross-border transactions involving multiple jurisdictions as well as other special projects
• Provide thorough analytical breakdowns of pricing structures and competitor benchmarking, identifying specific strategies used in pricing models of the same and providing recommendations
• Lead and assist in the organization, management, drafting and review of intercompany and intersegment agreements and policies that support transfer pricing transactions
• Assist in maintaining the master file and develop and maintain standards for local files. Also, to assist in or review local files
• Enhancing governance and controls over the transfer pricing calculation/execution, reporting/documentation processes
• Research transfer pricing issues and monitor changes in law and evaluate impact to the business
• Support both internal and external audit queries
• Co-ordinate, prepare and present training material to improve transfer pricing knowledge of the wider Upstream Finance community

• A Bachelor’s degree in a Finance, Accounting, Tax, Business and/or Economics discipline
• Accounting/Tax professional designation (ACCA, CPA, CMA, CIMA, CA, CTA or equivalent)
• 12 years of experience of finance, accounting and tax experience of which 5+ years of experience working in a consulting environment focused on transfer pricing
• Preferably, 3+ years of this experience in the Oil & Gas value chain
• Solid understanding of IFRS in relation to Oil & Gas
• Solid understanding of relevant global transfer pricing regulations and laws
• Expertise in navigating and influencing complex internal stakeholder groups to ensure successful business outcomes
• Basic knowledge of KSA tax is a plus
• Ability to work with incomplete data and drive conclusions and make recommendations to senior management
• Working knowledge of SAP Finance Modules would be considered an asset
• Strong modelling experience would be considered an asset

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.