BP

Tax Counsel/Manager - Supply, Trading & Shipping

BP$165K — $225K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-10 years of tax advisory experience, particularly in oil, gas, and commodity trading.
  • Strong preference for candidates with Juris Doctorate degrees.
  • Deep understanding of US corporate tax law and transaction documents.
  • Experience with transfer pricing rules and cross border transactions.
  • Solid analytical skills and a firm grasp of financial and tax accounting.

Responsibilities

  • Provide tax analysis and advice for U.S. federal income tax law related to trading activities.
  • Conduct timely tax analysis and recommendations while working with business personnel.
  • Collaborate with regional tax professionals to ensure compliance and correct reporting for transactions.
  • Support tax filings and audits, ensuring tax planning attributes are properly reflected.
  • Advise on transfer pricing matters in line with business strategies and compliance.
  • Collaborate with stakeholders on transfer pricing strategies and compliance issues.
  • Deliver technical insights to inform the direction of transfer pricing initiatives.

Benefits

  • Paid vacation ranging up to 240 hours per year based on experience.
  • Eligibility for 9 paid holidays and 2 personal choice holidays annually.
  • Parental leave policy offering up to 8 weeks of paid leave for births or adoptions.
  • Discretionary annual bonus and long-term incentive programs included.
  • Generous retirement benefits with 401k match and potential pension options.
  • Comprehensive health, vision, dental, life, and disability insurance offered.
Full Job Description

Entity:

Finance


Job Family Group:

Tax Group


Job Description:

Reporting to the America’s ST&S Tax Senior Manager, this tax advisory role is for a member of the Direct tax team supporting the activities of the Supply, Trading & Shipping (ST&S) business in the United States with support similarly required, as needed, for ST&S activities in Canada and Latin America.

The role necessitates working with a broad network of multidisciplinary experts across bp to understand the business transactions with a view to providing commercially informative tax advice; partnering with the global bp tax team to enable value delivery.

The role holder will help to drive modernization across ST&S tax, transfer pricing, and global tax processes through innovative approaches to standard processes, employing technology solutions as appropriate.

This role will be a key contributor within a distributed team of tax professionals located across the globe (in particular, the US, UK & Singapore.

Key Accountabilities:

  • Provide the Trading & Shipping businesses with tax advice and analysis of U.S. federal income tax law. This person will support the trading and execution of physical and paper trades across the various energy and environmental commodities and associated derivatives traded by bp in the America’s both domestically and internationally.  This includes crude, refined products, natural gas, power, natural gas liquids and various environmental commodities.
  • Meet with business personnel to advise and provide counsel on tax matters. This role requires a candidate who is comfortable working in a fast-paced environment where tax analysis and recommendations need to occur promptly (underpinned by sound reasoning and appropriate networking within bp’s Tax Function). 
  • Coordinate with a team of tax professionals located in the US, Canada and Latin America in providing tax advice and assurance on investments and commercial decisions and work to ensure completed transactions are reported correctly in the local country tax returns.  
  • The person will support the Tax Operations team; (1) ensure that tax planning, attributes, and positions are accurately reflected in the company’s tax filings, and (2) support the audit team with respect to inquiries from fiscal authorities, and (3) assist with tax advocacy matters.
  • Ensure that the Trading & Shipping businesses are aligned with US federal tax laws and that business is conducted in a tax efficient manner.
  • The person will advise the Supply Trading & Shipping business on matters of transfer pricing
  • Collaborate with key stakeholders on transfer pricing matters including other global members of the Transfer Team and various US businesses and BP’s Finance organization.
  • Provide technical input to internal stakeholders to shape strategic direction of transfer pricing initiatives, ensuring safe compliant operations and undertake appropriate audit defense for the transfer pricing positions and strategies implemented by the Transfer Pricing Team.   

Essential Education:

  • Education/Professional Qualifications:  A degree level qualification and with a preference for a Juris Doctorate degree.

Experience and Job Requirements:

Experience: At least 5 to 10 years of relevant tax planning and advisory experience, with a strong preference for oil, gas and commodity trading tax experience

Technical Expertise:

  • Understanding of US corporate tax law and experience reviewing, drafting and negotiating corporate governance and transaction documents as it relates to tax matters.
  •   Understanding of financial modelling and business drivers as they impact and are impacted by US tax requirements.
  • Understanding of transfer pricing rules and concepts and experience with cross border transactions between affiliates.

Skills:

  • Excellent writing skills for purposes of internal communication, business advice, and drafting of corporate and transactional documents.
  • Excellent analytical skills in the areas of US federal domestic taxation.
  • Strong understanding of financial and tax accounting.

Desirable Criteria:

  • Client advisory skills
  • Financial and economic modelling capabilities and understanding
  • Skill in the use of Microsoft Office, AI tools and Power BI are preferred.

How much do we pay (Base)? The anticipated base salary for this position is approximately between $165,000 and $225,000 USD annually, *Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.

This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full times employees (60 - 240 hours of vacation per year for part time employees). You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules at benefits[redacted]. Bp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child. Learn more at benefits[redacted].

We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits may include a pension for eligible employees. You may learn more about our generous benefits at benefits[redacted].

As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability. You may learn more about our generous benefits at benefits[redacted].


Travel Requirement

No travel is expected with this role


Relocation Assistance:

This role is not eligible for relocation


Remote Type:

This position is a hybrid of office/remote working


Skills:

acquisitions and disposals activity, Analytical Thinking, Commercial Acumen, Creativity and Innovation, Data Management, Digital Fluency, Direct and indirect tax compliance and accounting, Economic modelling, Financial Reporting, Influencing tax law and policy, Interpreting and applying tax law, Management of change, Managing tax dispute resolution and controversies, Project Management, Risk Management, Stakeholder Engagement, Tax advice for mergers, Tax advisory, Tax compliance process management, Tax reporting and control, Transfer Pricing

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

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