Vantive: A New Company Built on Our Legacy
Since last year, Baxter has been on a journey to separate our Kidney Care segment into a standalone company. Vantive* will build on 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. We believe Vantive will not only build our leadership in the kidney care space, it will also offer meaningful work to those who join us.
At Vantive, you will become part of a community of people who are focused, courageous and don’t settle for the mediocre. Each of us are driven to help improve patients’ lives worldwide. Join us as we revolutionize kidney care and other vital organ support.
*Completion of the proposed sale of Vantive to funds managed by the Carlyle Group is subject to receipt of customary regulatory approvals and satisfaction of other closing conditions.
Reporting to the Vice President of Tax, this position will assist with completing Vantive’s tax provision for purposes of issuing carveout financial statements and gain an understanding of Baxter’s current processes and systems for computing Vantive’s global income tax provision. This will provide the role with the training and experience needed to allow Vantive to become successful as an independent, publicly traded company.
What You’ll Be Doing:
This position will own Vantive’s overall global tax provision, the quarterly and annual reporting thereof, and the US and non-US income and indirect tax complianceReview 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, adjusted GAAP cash tax forecastsPerform international tax provision reviews in coordination with non-US Tax department personnel and/or outside service advisorsProvide 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 positionsOversee the timely and accurate filing of all US federal (including US international) and state income tax matters, including any audits related thereto, with assistance from outside service firm as neededOversee the timely and accurate filing of all US indirect tax matters, including any audits related theretoOversee the timely and accurate filing of all non-US income tax return matters, which consists of over 100 entities, to ensure compliance with all external filing deadlines, working with controllership group and outside service providersOwn the SOX or SOX-light 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 Vantive’s carveout financial statements or purchase accountingIdentify, 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 reportsRequirements:
Bachelor’s degree requiredCPA required, MST recommended10+ 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 Tax Compliance Software 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 PlanningWe 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 $253,000 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.
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