Consultant Cost & Profit Analysis at Barclays Africa Group Limited

Job description

Primary Location: ZA-GT-Johannesburg

Job Type: Permanent/Regular

Key Accountabilities

Analysis of Transfer Pricing (TP)

• On a monthly basis analyse and report back to the Chief Financial Officer (CFO) on Transfer Pricing (TP) charges and other Recoveries and compare charges and/or costs to the relevant financial plans, i.e. Short Term Plan (STP) and/or Revised Annual Forecast (RAF).
• Based on the above analysis, investigate (by following up with relevant parties report back on and provide explanations for variances when compared to the relevant financial plans, i.e. STP and/or RAF.
• Prepare and analyse transfer pricing charges by analysing financial and non-financial reports that supply volumes and rates to offer insight regarding costs to business, which aids the transfer pricing negotiation process.

Transfer Pricing (TP) Input for Financial Plans

• Engage with the relevant stakeholders to understand volume projections and obtain guidance on growth rates for budgets based on related capacity.
• Plan and manage the budgeting process with regards to TP, especially in terms of the relevant financial plans, i.e. Medium Term Plan (MTP), Short Term Plan (STP) and Revised Annual Forecast (RAF) by engaging with the relevant stakeholders as above.

Follow-Up on Transfer Pricing (TP) Queries

Calculating TP Rates for other BUs

• Calculate the TP unit rates based on time studies and volumes of transactions for all productions by engaging and reaching agreement with management teams to review and/or sign off on these rates.
• Based on the above, to set up meetings and engage with the relevant BU's management teams to negotiate and agree on the rates for co-location.

Understanding of TP Models (TP Paid)

• Be proficient by obtaining an understanding of the key business drivers that drives the financial model within for all TP paid and received and to ensure that these are reflective of the underlying business performance.
• Be proficient by obtaining an understanding of where one can influence TP costs and provide input to business to enable them to manage and save on these costs.
• Identify areas for TP cost saving and set up meetings with the relevant stakeholders to negotiate with other BUs.

Service Level Agreements (SLAs)

Monthly TP Reporting

Education And Experience Required

• B.com-degree in (Field) (NQF level no.6) & CIMA
• Three (3) years’ experience working in a Financial Services Industry with specific experience in financial budgeting, costing and/or managing finance.
• Two (2) years relevant financial reporting experiences as well as analysing of transfer pricing costs and reconciliations.