Tax Associate
64% skill overlap
To add: Accounting fundamentals (double entry), Revenue recognition
Your role
Transfer Pricing Analyst
BriefYour role
- L3 salary
- Not published yet
- Upcoming dated changes
- 3 changes ahead
What the role does
Transfer Pricing Analyst is a role in Audit, Tax & Advisory. The family covers audit, tax, valuation, advisory and transaction work in professional firms. The core skill is intercompany transfer pricing, and the main work is tax.
Levels
- L1 Starting out
- L2 Independent
- L3 Senior or specialist
- L4 Leads a team or an area
- L5 Leads the function
Full level descriptions and job titles
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Learns the job; executes defined tasks with supervision | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns a process end to end; trains L1; first contact for the team's clients | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Deep expertise; handles exceptions and change; represents the function in projects | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Manages people or a large process; owns budgets or controls; escalation point | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for the function in a legal entity or region; sets priorities and standards | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Skills
Where the skill weights come from
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
Critical
- Intercompany transfer pricingWeight 13.4%Relevant to you
- Corporate taxationWeight 9.0%Relevant to you
- Financial statement analysis and ratiosWeight 9.0%Relevant to you
- Profitability analysis (margins, contribution)Weight 9.0%Relevant to you
Important and supporting skills 18
Important
- International accounting standards (IFRS)Weight 4.5%Relevant to you
- Advanced Microsoft ExcelWeight 4.5%Relevant to you
- Legal research and regulatory interpretationWeight 4.5%Relevant to you
- Professional written communicationWeight 4.5%Relevant to you
- Assessing the quality of sourcesWeight 4.5%Relevant to you
- Company valuation (DCF, multiples)Weight 4.5%Relevant to you
- Attention to detailWeight 4.5%Relevant to you
- Competitive analysis and benchmarkingWeight 4.5%Relevant to you
- SAP enterprise systemsWeight 4.5%Relevant to you
- Visualisation tools (Power BI, Tableau)Weight 4.5%Relevant to you
Supporting
- Group consolidationWeight 2.2%Relevant to you
- Descriptive statistics and distributionsWeight 2.2%Relevant to you
- Client service mindsetWeight 2.2%Relevant to you
- Microsoft PowerPointWeight 2.2%Relevant to you
- Working to tight deadlinesWeight 2.2%Relevant to you
- Ethical judgment in grey areasWeight 2.2%Relevant to you
Useful
- Querying data with SQLWeight 0.8%Relevant to you
- Internal controls and risk oversightWeight 0.8%Relevant to you
Processes
The work the role takes part in.
What each process covers
- TaxMain
- Corporate finance and dealsSupporting
- Financial reporting and accountingSupporting
Dated changes for this role
- UK Cryptoasset Reporting Framework: first reports dueRelevant to you
- DAC8: first crypto-asset tax reports exchangedRelevant to you
- FASTER Directive on withholding tax relief: transpositionRelevant to you
Worth knowing
Salary snapshot
Salary figures are not published yet
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Certifications
- ACA Chartered Accountant
- ACCA Qualification
- CFA Program Level I
- Certified Internal Auditor
Concepts to know
Neighbouring roles
Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.
Valuation Advisory Associate
48% skill overlap
To add: Three-statement financial modelling, Investment appraisal (NPV, IRR), Scenario and sensitivity analysis
Your role
Valuation Analyst
48% skill overlap
To add: Three-statement financial modelling, Investment appraisal (NPV, IRR), Scenario and sensitivity analysis
Your role
Transaction Services Associate
47% skill overlap
To add: Financial due diligence, Three-statement financial modelling, Building a slide narrative
Your role
Transaction Services (Financial Services)
47% skill overlap
To add: Financial due diligence, Three-statement financial modelling, Basel framework and capital
Your role
Transaction Services / FDD Associate
44% skill overlap
To add: Financial due diligence, Three-statement financial modelling, Investigative reasoning on anomalies
Your role
Do this job? Suggest a correction
Sources
- The EFO role catalogue, with skills, levels and processes. How it is built
- ESCO classification of the European Commission (external site)
Transfer pricingTransfer pricing sets the prices of transactions between entities of the same group, such as services, loans, guarantees and intangibles. Tax rules require the arm's length principle: prices independent parties would agree. OECD guidelines set methods and documentation (master file and local file).