The Rise of Regional UK TP Teams

Posted 28/9/2018 by Liz Tookey

Whilst a London transfer pricing career can offer invaluable experience for ambitious transfer pricing professionals, the market is hotting up and competition is fierce.

Whilst there is still on-going demand in the London teams, client expectations are often focussed on specialist expertise, so if you have been involved in traditional financial services TP projects or value chain then London remains an excellent destination. However, these roles will not necessarily suit or have appeal to a strong generalist transfer pricing professional who wants to maintain this focus.

Similarly, with London teams approaching 100 people in transfer pricing alone, some individuals have a strong preference for joining a start-up, small or medium sized practice where they can play a more involved role with clients and team growth/development.

Exceptional Big 4 transfer pricing opportunities now exist in Reading, Birmingham and Manchester at both Manager and Senior Manager levels. These regional centres of excellence have much to offer strong transfer pricing talent willing to look beyond the traditional London recruitment market.

Reading, UK

An important commercial centre for Southern England and the Thames Valley, Reading is within 30 minutes’ commute from London. Reading services some of the world’s largest multinationals, hosting the headquarters of several British and foreign businesses, including BG Group, ING Direct, Microsoft, Oracle, PepsiCo and Wrigley.

With strong historical ties to the technology sector, high profile companies such as Cisco, Ericsson, Agilent, SGI, Symantec and Verizon all have a significant presence in Reading too.

Exciting opportunities currently exist in Reading for either experienced Transfer Pricing Managers or Transfer Pricing Senior Managers. Professionals with working knowledge of U.S. or Japanese multinationals will always be of high interest, however this is not a prerequisite for consideration.

Why should I consider Reading over London?

Transfer Pricing teams in Reading are typically smaller than London - but don’t be fooled, they work seamlessly with the UK’s capital. Transfer pricing professionals can expect high-quality projects from an increasingly demanding client base.

Apart from mainstream transfer pricing advisory and planning, you will have a significant level of exposure to value chain transformation and supply chain restructuring projects, with the opportunity to also draw on your tax or finance skills if you have multiple areas of expertise.

Client exposure will also be significant at Manager level, with much more responsibility being placed on your shoulders to lead engagements and be on the frontline for client queries.

For additional information on how a TP opportunity in Reading could enhance your career, please contact Liz Tookey at: lt@tpi-search.com

Birmingham, UK

Birmingham is the UK’s largest city outside of London and has a lot to boast about. With almost 1.2 million residents, a thriving economy and GDP worth £121BN, transfer pricing careers can be seriously accelerated through working in a regional Big 4 team.

From a client perspective, Birmingham houses a number of FTSE 100 organisations including IMI and Severn Trent Water, with Jaguar, EON, Carillion and Cadbury (now owned by Mondalez International) also possessing significant operations in or around Birmingham.

With continued investment and regeneration of the city and fast train links to the capital (you can get to London within 80 minutes), Birmingham is an exciting place to be from a transfer pricing perspective. Airport links to Europe are also exceptional, with over 50 airlines operating from Birmingham and servicing all the key European hubs in addition to North America and 110 other destinations worldwide.

Why should I consider Birmingham over London?

Specialist Big 4 transfer pricing teams vary in size between 8-15 professionals, which has huge appeal to Managers and Senior Managers seeking significant client involvement. Teams are experiencing high growth due to BEPS and rising client demands and joining a Big 4 Birmingham team can greatly accelerate your career development compared to a much larger transfer pricing practice.

Partner contact and Partner mentoring is extremely transparent and visible and professionals who possess an interest in tax, finance or economics in addition to transfer pricing can bring their full range of skills to bear.

For additional information on how a TP opportunity in Birmingham could enhance your career, please contact Liz Tookey at: lt@tpi-search.com.

Manchester and the North West, UK

Manchester and the North West is approximately 180 miles north of London and is known for its cool vibe and cutting edge music scene as well three of the world’s largest football clubs – Manchester United, Manchester City and Liverpool FC. Manchester and the North West region is home to a number of high profile multinationals and SME’s that include Essar Oil, Certas Energy, AMEC, Guardian Assurance, Kerling, United Utilities, Bentley and Matalan to name but a few.

The city centre has gone through major regeneration over the last 20 years and has an urban feel due to the many warehouse and loft conversions that have been developed into stunning apartments. With excellent train links to the capital in addition to a large airport that services all of the key cities in Europe, North America and Asia – Manchester has a lot to offer from a lifestyle perspective.

Why should I consider Manchester over London?

Transfer Pricing teams are varied and multi-skilled and will suit professionals who enjoy a broad and generalist role as opposed to working in a narrow specialism.

With the rise of value chain and restructuring projects in the region, the opportunity to technically develop your expertise beyond mainstream transfer pricing issues is definitely there for ambitious candidates who want exposure to operational transfer pricing and implementation projects.

For additional information on how a TP opportunity in Manchester could enhance your career, please contact Liz Tookey at: lt@tpi-search.com

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