David Katsnelson
Needham,MA
Overview
15
15
years of professional experience
Work History
Senior Manager, Financial Services Transfer Pricing
Ernst & Young (EY)
08.2023 - Current
- Lead complex transfer pricing engagements across financial services, including treasury, insurance, fintech, and cross border structuring.
- Manage multi-jurisdictional TP documentation aligned with OECD guidelines and IRS regulations; oversee functional interviews, benchmarking, and economic analyses.
- Direct valuation analyses for financial instruments, intangible assets, and business line carve outs.
- Advise on intercompany financing structures, interest rate benchmarking, and debt capacity modelling to optimize intercompany loan pricing.
- Manage insurance-related TP engagements, including pricing of reinsurance transactions, captive insurance arrangements, and risk allocation models.
- Direct TP planning initiatives, advising on restructuring intercompany transactions and IP migration strategies to align with BEPS actions and local tax authorities' requirements.
- Support M&A due diligence, assessing TP exposures, integration risks, and operating model redesign.
- Mentor junior staff and collaborate with cross-functional teams, delivering projects on time and contributing to client retention through insightful economic analyses.
- Grew book of business to $3 million
Manager, Financial Services Transfer Pricing
Ernst & Young (EY)
12.2020 - 08.2023
- Supported treasury TP projects by performing interest rate benchmarking studies, analyzing market data to establish arm's length rates for intercompany loans and guarantees.
- Executed debt capacity assessments, modeling cash flows and solvency metrics to determine sustainable intercompany debt levels in compliance with thin capitalization rules across jurisdictions.
- Contributed to insurance TP analyses, benchmarking management fees, commissions, and risk transfers for multinational insurers to ensure alignment with arm's length principles.
- Prepared annual TP documentation reports, conducting comparability searches and economic analyses to substantiate pricing policies for financial transactions.
- Assisted in TP planning for fintech clients, evaluating pricing for digital services, payment processing, and crypto-related intercompany arrangements.
- Conducted valuations for fintech assets, including software platforms and data analytics tools, using income and market approaches to support TP positions.
- Performed TP-focused due diligence in M&A deals, identifying risks in intercompany agreements and recommending remediation strategies.
President
Nominata Consulting
08.2019 - 08.2020
- Provided high-level economic and financial consulting to clients, focusing on macroeconomic trends, financial modeling, and regulatory advisory services with applications to international tax strategies.
Co-Founder & CFO
Lyste
01.2018 - 08.2019
- Co-founded a blockchain-enabled real estate technology startup, developing financial models and projections to support pricing strategies.
- Designed monetary policy for the Lyste ecosystem.
- Raised capital from high-net-worth individuals and managed financial operations.
Senior Economist
ITR Economics
04.2017 - 11.2017
- Delivered reliable industry and company forecasts, presentations, and economic consulting to Fortune 500 clients, as well as trade associations and small businesses.
Director, Macroeconomics
RISI
01.2013 - 04.2017
- Led a team of economists in synthesizing comprehensive global macroeconomic forecasts, tracking developments across multiple countries to inform client strategies.
- Managed RISI's Macroeconomics Service, generating high-level economic forecasts and authoring monthly commentaries.
- Presented forecasts at international conferences, consistently rated in the top 10% by attendees.
Senior Economist, Macroeconomics
RISI
07.2010 - 12.2012
- Drove macroeconomic services, analyzing global developments and contributing to quarterly publications and multi-client studies.
- Managed data collection and presented analyses at worldwide conferences.
Education
Masters of Business Administration - International Economic Policy
Brandeis International Business School
Bachelor of Arts - Economics, Slavic Languages and Literature
University of Chicago
Skills
- Financial Transactions
- Global TP Policy Design
- Economic Analysis
- Project Management
- Market analysis
- Bloomberg Terminal, Capital IQ, ChatGPT, Copilot
Languages
Russian
Native or Bilingual
French
Limited Working
Hebrew
Limited Working
Timeline
Senior Manager, Financial Services Transfer Pricing
Ernst & Young (EY)
08.2023 - Current
Manager, Financial Services Transfer Pricing
Ernst & Young (EY)
12.2020 - 08.2023
President
Nominata Consulting
08.2019 - 08.2020
Co-Founder & CFO
Lyste
01.2018 - 08.2019
Senior Economist
ITR Economics
04.2017 - 11.2017
Director, Macroeconomics
RISI
01.2013 - 04.2017
Senior Economist, Macroeconomics
RISI
07.2010 - 12.2012
Masters of Business Administration - International Economic Policy
Brandeis International Business School
Bachelor of Arts - Economics, Slavic Languages and Literature
University of Chicago