Zydus Wellness - Assistant Manager - Indirect Taxation - CA (3-8 yrs)

About Zydus Wellness:

Zydus Wellness, an FMCG leader, develops, manufactures, and markets health and wellness products, integrating healthcare, skincare, and nutrition. Founded in 1988 with Sugar Free, Indias first zero-calorie sugar replacement, it now manages seven global brands, including Complan, Glucon-D, Everyuth, and Nutralite. The company serves over 50 million families and supports more than 90,000 dairy farmers and 2,000 MSMEs.

With a focus on research, quality, and innovation, Zydus Wellness operates on core pillars of manufacturing integrity and supply chain efficiency. Headquartered in Ahmedabad and Mumbai, it runs four manufacturing facilities across India and eight co-packing facilities in India, Oman, and New Zealand. Listed on the Bombay and National Stock Exchanges, Zydus Wellness is led by Chairman Dr. Sharvil Patel and CEO Tarun Arora, serving customers in over 25 countries across three continents.

Team Member - Indirect Taxation

Functional Reporting: Lead- Indirect Taxation

Administrative Reporting: Lead- Indirect Taxation

Location: Ahmedabad

Role Purpose:

- Manage and oversee all indirect tax-related matters, ensuring compliance with applicable tax laws and regulations.

- Optimize tax strategies for the organization, minimizing tax liabilities while ensuring full compliance.

- Provide guidance and support on indirect tax issues across the business, including GST, customs duties and other relevant taxes.

Key Responsibilities:

Financial:

- Develop and implement tax-efficient strategies to minimize indirect tax liabilities, ensuring the companys financial resources are utilized effectively.

- Oversee the indirect tax budget, ensuring expenditures related to tax compliance, audits, and disputes are within the allocated budget.

- Identify opportunities for tax savings through legal means, including exemptions, refunds, and credits, to enhance the companys financial performance.

Customer:

- Lead the development of a comprehensive consumer insights strategy, utilizing market research and data analytics to identify market trends, consumer needs, and preferences.

- Develop and manage consumer research projects, including surveys and focus groups, to gain a deep understanding of target audiences and enhance customer engagement.

Process:

- Maintain tracker for compliance & assessments.

- Finalization of tax workings and reconciliations for submission to tax officials.

- Drafting responses for submission with tax department and collating supporting documents for the same.

- Streamline and automate tax filing processes to enhance accuracy, reducing manual errors and ensuring timely compliance.

People:

- Mentor and develop the indirect tax team, enhancing their skills and knowledge to ensure high performance and continuous improvement.

- Foster strong working relationships with finance, legal, procurement, and other teams to ensure alignment on tax-related matters and effektive issue resolution.

- Design and conduct training sessions on indirect tax laws and company policies for relevant departments to improve overall organizational competency in tax matters.

Key Deliverables:

- Ensure accurate and timely filing of GST, customs duties, and other indirect tax returns.

- Develop and implement tax strategies to minimize indirect tax liabilities and enhance cost savings.

- Manage tax audits, assessments, and disputes to protect the companys interests.

- Streamline and automate tax processes for improved efficiency and accuracy.

- Lead and develop the tax team while collaborating effectively with internal stakeholders.

- Monitor and ensure continuous compliance with updated tax laws and regulations.

- Provide proactive tax advisory support to business units for strategic decision-making.

Key Interactions:

- Internal Stakeholders:

- Finance, Legal, Procurement, Supply Chain, Operations, Senior Management

- External Stakeholders:

- Tax Authorities, External Auditors, Tax Consultants, Legal Advisors, Industry Associations.

Key Dimensions:

- Financial Dimensions

- Indirect Tax Budget

Team:

- Direct Reports: IC Role

Others:

Role Requirements:

Educational Qualifications:

- CA or equivalent post-graduate degree in finance or taxation.

Experience (Type & Nature):

- 3-8 years of experience in indirect taxation, preferably within the FMCG sector.

Functional Competencies:

- Deep knowledge of GST, customs duties and other indirect taxes.

- Expertise in tax planning and compliance.

- Strong analytical and problem-solving skills.

- Experience in managing tax audits and disputes.

- Proficiency in SAP or other ERP systems.

Behavioral Competencies:

- Zydus Neev Behavioral Competency Framework.

- Strong communication and interpersonal skills.

- High level of integrity and ethical standards.