Director, Tax Provision, Reporting & Compliance - Kidney Care
This is where you save and sustain lives
At Baxter, we are deeply connected by our.....
Director, Tax Provision, Reporting & Compliance - Kidney Care
This is where you save and sustain lives
At Baxter, we are deeply connected by our mission. No matter your role at Baxter, your work makes a positive impact on people around the world. You’ll feel a sense of purpose throughout the organization, as we know our work improves outcomes for millions of patients.
Baxter’s products and therapies are found in almost every hospital worldwide, in clinics and in the home. For over 85 years, we have pioneered significant medical innovations that transform healthcare.
Together, we create a place where we are happy, successful and inspire each other. This is where you can do your best work.
Join us at the intersection of saving and sustaining lives— where your purpose accelerates our mission.
Your Role at Baxter:
Join us as we revolutionize the treatment landscape and help improve patient lives worldwide.
Baxter plans to spin off our ~$5B Kidney Care segment into an independent, publicly traded company. The new standalone entity will leverage our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. With its own investment priorities and enhanced management focus, the company will be better positioned to pursue growth opportunities and invest in innovation. We will build on our leadership in the kidney care space, fueled by our steadfast focus on innovation, our passion for patients and their families and our expertise in operational excellence.
This is where you can make an impact.
As the Director – Tax Provision, Reporting & Compliance, Kidney Care segment you will be a member of Baxter’s Global Tax Accounting team prior to the spin-off, and will assist with completing KidneyCo’s tax provision for purposes of issuing carveout financial statements and gain an understanding of Baxter’s current processes and systems for computing KidneyCo’s global income tax provision. This will provide the role with the training and experience needed to allow KidneyCo to become successful as an independent, publicly traded company. Once it becomes an independent company, you will lead the new company’s Global Tax Accounting function.
You will oversee 3 tax functions within the department for approximately 8 legal entities including tax accounting (income tax account balance and financial statements that go into quarterly filing for SEC, ASC740 tax provision, etc.); oversees review and final sign on US income tax filings (all related state and franchise tax filings, state income tax audit); and US indirect tax compliance (return filings, sales and use tax, property tax, etc.)
What You’ll Be Doing:This position will own KidneyCo’s overall global tax provision process, the quarterly and annual reporting thereof, and the US income and indirect tax compliance processesReview and approve quarterly tax accounting journal entries, including US federal and state return to accrual analyses, and financial statement impact of audit settlements, plus final approval of quarterly domestic tax payable calculationsDirect the global annual effective tax rate (AETR) and cash tax forecasting processes, including GAAP and adjusted GAAP forecastsPerform international tax provision reviews in coordination with non-US Tax department personnelProvide guidance to the VP Tax, Tax Strategy team, or other internal stakeholders on the tax accounting and compliance implications of business acquisitions, divestitures, reorganizations, restructurings, etc., including purchase accounting for newly acquired businessesProvide guidance to the VP Tax and Tax Strategy team on the tax accounting impact of proposed legislation, regulations, and tax planning initiativesProvide supporting information for federal and state tax audits as neededMaintain ownership of global UTP documentation processes, working in conjunction with US and regional tax personnel to identify, report and monitor uncertain tax positionsReview quarterly and annual income tax footnotes to be included in the filing of the Company’s consolidated financial statements with the SECOversee the timely and accurate filing of all US federal and state income tax matters, including any audits related theretoOversee the timely the accurate filing of all US indirect tax matters, including any audits related theretoOwn the SOX compliance for income tax provision purposesInterface directly with external audit firm on quarterly reviews and annual auditWork closely with corporate Controllers’ group to ensure proper tax reportingLead special projects both within, and outside of tax provision & compliance processes, including assistance with KidneyCo’s carveout financial statementsIdentify, recommend, and implement process improvements related to the global tax provision and US income and indirect tax compliance processes, including but not limited to reformatting workpapers to drive efficiencies and automation opportunities to reduce/eliminate non-value add workMentor, review, and provide development plans for direct and indirect reports
Your Team:
Prior to the spin-off, you will report to Baxter’s Senior Director, Tax Provision, Reporting & Compliance. Once it becomes an independent company, you will report to KidneyCo’s Vice President, Tax. Furthermore, you will lead a team of 2 direct reports and a total team of 5.
Your Location:
The role is located at our global corporate headquarters in the greater Chicago, IL area northern suburb of Deerfield.
What You’ll Bring:Bachelor’s degree required; Master’s in Tax preferred; CPA required10+ years of corporate income tax experience, including tax accounting and compliance and exposure to transfer pricing mattersHands-on, deep technical experience preparing domestic tax provisions under ASC740; experience with foreign tax accrual matters requiredExperience in a complex global manufacturing organizationFinancial accounting consolidation systems experience (e.g., HFM, etc.) a plusExperience with OneSource Tax Provision and Corptax is a plusAbility to understand highly complex tax issues, work within a team environment to resolve such issues, and communicate results in a clear/timely mannerStrong sense of urgency and results-oriented approach requiredAbility to proactively partner with various corporate departments, including Consolidations, External Reporting, Treasury, Audit, and Financial Planning
We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all our employees, and we strive to be more transparent with our pay practices. To that end, this position has a base salary range of $184,000 to $276,000 plus an annual incentive bonus, commission and equity target. The above range represents the expected base salary range for this position. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, business line, and geographic/office location.
The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.
For further information, and to apply, please visit our website via the “Apply” button below.