Related: Transfer Pricing Manager Interview Questions and Answers Transfer Pricing Manager Job Requirements ![]() ![]() In addition, organizations are increasingly outsourcing some functions, such as pricing and cost analysis, which may also limit the demand for transfer pricing managers. Organizations are increasingly using computer software to help determine transfer prices, which may limit the need for these managers. The employment of transfer pricing managers is expected to decline over the next decade. They may also earn additional compensation in the form of bonuses. The salary of a transfer pricing manager can vary depending on their level of education, years of experience, and the size and industry of the company. Transfer Pricing Manager Salary & Outlook Analyzing financial data to determine the fair price of goods or services being sold between affiliated companies.Monitoring pricing trends in external markets to ensure that prices are competitive with those of competitors.Negotiating prices with other companies on behalf of the company where they work.Reviewing contracts with suppliers and customers to ensure that prices are fair and reasonable.Develop transfer pricing policies and procedures for a company’s specific industry or business segment.Preparing reports for management regarding transfer pricing activities such as compliance assessments, analysis of data trends, and recommendations for improvement.Conducting audits of internal controls, policies, and procedures related to transfer pricing to ensure compliance with applicable regulations.Establishing and enforcing policies and procedures to ensure compliance with tax laws and regulations, including record keeping requirements such as documenting transfers of assets.Transfer Pricing Manager Job DutiesĪ transfer pricing manager typically has a wide range of responsibilities, which can include: Transfer pricing managers must ensure that all transactions between business units are conducted at fair market value, which means they must have a solid understanding of how to properly set prices in any given situation. They are responsible for setting prices on goods or services that pass between different business units within a single organization. ![]() The role of a transfer pricing manager is one that requires an extensive knowledge of the company’s supply chain and financial systems.
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