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Associate Manager- Direct Tax

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Date: Jun 14, 2022

Location: Mumbai, MH, IN, 400079

Company: Lubrizol Corporation

Lubrizol Advanced Materials is an essential ingredient in improving lives. Our innovative products enhance the shampoos, lotions and soaps you use; the medicine you take; the sports apparel and shoes you wear; the detergents that keep your whites whiter and your colors from fading; the medical devices that speed your recovery and enhance your comfort; the specialty coatings that make your wood furniture, floors and cabinets more durable, more beautiful and more sustainable; and the plumbing systems in your home that will never corrode, pit or scale.  With such a diverse portfolio, Lubrizol Advanced Materials offers unparalleled career growth opportunities for top-talent.  To learn more about each of our core businesses, click on the following links: Engineered PolymersPersonal CareHome CareLubrizol LifeSciencesPerformance Coatings, and Lubrizol CPVC Piping Systems.

 

Summary of the Role:

 

The position is accountable for timely and accurate direct tax compliance. India direct tax compliance is dynamic and voluminous with increasing complexity. Direct tax compliance in India requires filing of tax returns, exhaustive tax audit reports, Transfer pricing compliance (these three compliances are required for 3 overseas LZ group companies as well), timely deduction and reporting of withholding taxes and Transfer pricing analysis as well.

 

Responsibilities / Accountabilities:  

  • To independently handle the activities relating to filing of Income tax Returns, Tax audits, transfer pricing returns and tax/transfer pricing assessments of the Company.
  • To handle tax Returns, tax filing & Transfer pricing & Tax assessment activities of overseas Lubrizol group companies in India.
  • Accountable to review inter company transfer price and to escalate and resolve any concerns to/with the global TP manager.
  • To be able to advice on all the regulatory changes in the Direct tax and international taxation to avoid any tax exposure to the Company.
  • To be able to pro-actively advise to the Accounts payable group regarding any changes in the withholding taxes regulations to avoid any potential tax exposure. To also setup withholding taxes mechanism in SAP.
  • To provide USGAAP tax schedules to US corporate tax department and preparation of Provision for taxation for Local statutory accounts.
  • Independently handle issuance of quarterly withholding tax certificates and quarterly e-filing of withholding tax return.
  • To follow up with tax department to obtain refunds.
  • To perform foreign remittance related tax compliance.
  • To be able to independently compute the quarterly Advance tax computation.

 

Requirements (education, experience, competencies and specific job requirements):

 

  • Chartered Accountant having experience of 5 years
  • Previous experience in manufacturing industry is desirable.
  • Working knowledge of SAP and proficiency in MS Excel.
  • Expert knowledge in Direct taxes and International taxation.
  • Hands on approach, analytical mind set, problem-solving skills, proactive and good team player.

 

 Success Competencies: 

  • Commercial Acumen
  • Deliver Results
  • Collaborate
  • Open Communication

About Us: LZAM South Asia is headquartered in Mumbai where we also house our application labs for Lubrizol’s LifeScience and Performance Coatings groups. We have regional office based at Delhi. The CPVC compounding plant is located at Dahej, Gujrat.

Our Employment offers you -

1. Diversity & Inclusion - Lubrizol is an equal opportunity employer and is committed to a diverse and inclusive workplace. We believe that embracing diversity, inclusion and a global mindset will be a key enabler of our success. https://www.lubrizol.com/Sustainability/Social/Diversity-and-Inclusion

2. Culture – Lubrizol’s culture of accountability and empowerment drives our success. Together, we are Lubrizol: Where science excels, and people make a difference.

3. Work Life Balance - We provide flexible working schedule that empowers you to split time and energy between work and other important areas of your life successfully.

4. Benefits - We believe our employees are most important to us. We take care of our diverse workforce and a culture of inclusive engagement in the workplace. We develop and train our employees and provide flexible medical benefits to address medical urgencies. Do explore to know more.


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