Grupo Bimbo - Senior Manager - Taxation

Senior Manager - Taxation

Key Job Responsibilities :

- This position has full tax accountability for Bimbo BBI business to drive the successful tax planning, execution, and measurement of the business.

- Focus will be both, strategic and tactical, to achieve targeted near and long-term objectives.

- The candidate will work directly with key leaders across Regions to drive and propose changes to the way we currently operate.

- This role is responsible for the proactive pursuit, development and execution of key initiatives and optimizing programs.

- They would also be responsible for coordinating with the local finance team in the different jurisdictions where BBI is present.

Grupo Bimbo Corporate Support - The position is focused in activities related to our Corporate, Grupo Bimbo, performing the following duties :

- Accountable for taxable treatments on business transactions following local/international principles, tax legislation, tax audits and tax planning/optimization initiatives.

- Work to improve tax efficiency associated with proper tax planning.

- Tax-Accounting responsibility (i.e. deferred taxes, tax provisions, IFRIC 23), and year-end financial statement audits.

- Leads and support local and international tax filings for BEPS and Transfer Pricing purposes in cooperation with internal TP Team and external advisors.

- Support evaluation of transactions from a DAC6 (or other relevant regulations for tax reporting) perspective.

- Lead continuous process improvements reducing tax risks and optimize the effective tax rate.

Deliverables examples :

- Reporting to BBI CFO of tax simplification strategies as required.

- Reporting and sound analysis of the Effective Tax Rate versus the statutory tax rate in Bimbo BBI states (monthly basis). (Bimbo BBI and Corporate Deliverable)

- Reporting of Zero-Base Budget Tax initiatives including value targeting and realization.

- Diverse opinions and reports related to tax controversy and litigation; recommendations from diverse tax advisors, tax initiatives, tax positions taken by local operation, differed tax consequences, and so on. (Bimbo BBI and Corporate Deliverable)

Bimbo BBI Organization Support - The position is seen as a strategic business partner for Bimbo BBI Organization performing the following duties :

- Prepare and review tax related reports required by CFO and MD.

- Research and provide tax analyses of various products and services maximizing potential tax benefits.

- Work with BBI finance and legal department and other business partners to increase the understanding of business information contributing with actions that can improve tax benefits.

- Conceive and implement tax reduction plans consistent with tax laws and regulations.

- Manage tax audits by country in various state and local tax jurisdictions including retrieving, organizing and reviewing requested tax documents.

- Managing and reporting related to the diverse tax controversy and litigation processes in Bimbo BBI.

- Ensure proper alignment of Grupo Bimbo- s global tax initiatives for Bimbo BBI.

- Dealing and managing relationships with diverse tax advisors.

- Determining the diverse tax consequences that may occur in Bimbo BBI because of different corporate initiatives.

- Align department with Grupo Bimbo Vision, Mission, and Beliefs with Bimbo BBI.

Deliverables examples :

- Deliver periodic (monthly) reviews of new tax legislation applicable to each Bimbo BBI geography, tax litigation and controversy status.

- Transfer pricing studies and defense for Bimbo BBI intercompany operations.

Key Behavioral Competencies :

- Results Orientation. The successful candidate demonstrates ability to drive improvement of results and to deliver best in class business performance.

- Customer Orientation. Utilizes market knowledge and customer relationships to drive insight. S/he uses customer insight to innovate products and services.

- Strategic Orientation. Defines a strategic vision in shaping a high-impact role, linking it to clearly actionable initiatives while considering the impact on all parts of the business. S/he clearly articulates medium to long-term opportunities and threats and helps evaluate options and plans against anticipated global trends.

- Collaborating & Influencing. Effectively engages stakeholders and drives alignment across multiple functions to achieve results, engaging in joint decision making and resolving conflicts when necessary to balance short- and long-term benefits. Can recognize and channel new ideas. Brings excellent negotiation skills and the ability to build strategic partnerships. S/he will need to use collaboration and influencing skills as a foundation for driving change in the organization.

Education and Work History :

- Bachelor's degree in various technical functional fields including finance and/or economics but could include engineering or related fields. An MBA is desirable with a concentration in finance or economics.

- 10+ years' experience in tax management, preferably working with the Big 4s Companies or other big Multinational Companies in a regional position.

- 3-5 years' experience working in a Global or Regional Scope.

- 3-5 years' experience in different European Tax Frameworks.

- Proficiency level in written and spoken English (>B2)

- In-depth knowledge of tax European management as well as excellent analytical with a strong tax planning experience.

- Chinese tax experience will be highly valued.

- Understanding of BBI businesses or similar type of industries will be considered.

- Superior work ethic, flexibility, time management and organizational skills including the ability to manage multiple projects with tight deadlines and high accountability.

- Ability to lead by influencing peers and colleagues using collaborative, flexible styles; generate buy-in and ownership.

- Proficient in Microsoft Office.

- Excellent organizational and communication (written and oral) skills.

About Bimbo Bakeries India

Grupo Bimbo is the largest baking company in the world, operating in 33 countries of America, Europe, Asia, and Africa, including India, and has a diversified portfolio of over 13,000 products and more than 100 renowned brands. Grupo Bimbo takes the best of their markets to new countries, taking advantage of the synergies of their operation and making technology their best ally, with a single objective: NOURISHING A BETTER WORLD

At present, Grupo Bimbo India has three prominent brands - Harvest Gold, Modern Foods & Kitty Bread.

Harvest Gold sells bakery brand which was acquired in 2017 as part of its India entry. This has brought the expertise and experience of Grupo Bimbo to the Harvest Gold kitchen and took the brand's legacy of quality products to new heights.

Grupo Bimbo acquired Modern Foods in February 2021. Modern is an iconic brand that pioneered the concept of bread, and literally created the bread category in India. Modern bread is available nationally in close to 100,000 stores and manufactured in 40 factories across India. Modern Foods operates through a distribution network which covers 80,000 plus retailers across the country.

Grupo Bimbo acquired Kitty Industries in November 2021. Kitty Bread is the largest manufacturer of bread & bakery products in Punjab. The unit is selling its products in northern India covering states of Punjab, Himachal Pradesh, Haryana, Jammu & Kashmir, Chandigarh, Uttaranchal, Western U.P & Rajasthan. The products are distributed in these states through a supply chain of approx. 1750 including distributors, retailers, institutional and food processing, and manufacturing industries.