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Sr. Analyst, Federal Income Tax Compliance & Global Tax Provision

Company: BAXTER
Location: Deerfield
Posted on: June 17, 2022

Job Description:

This is where you save and sustain livesAt 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 BaxterThis is where your insights influence change.As a Sr. Analyst at Baxter, you have the opportunity to work with our internal team as well as collaboratively with the teams we support. As a valued member of our finance organization, your insights and technical expertise will support our operations and contribute to our goals.Your TeamBaxter is a large, global company that provides rich opportunities to develop professionally and learn from one another. Our mission to save and sustain lives is backed by a strong business model and over 90 years of success and growth.This position will take a hands-on role in the preparation and filing of Baxter's U.S. consolidated federal income tax return, including the preparation and filings of any estimated and extension tax payments related thereto, and the preparation of key calculations necessary for Baxter's global tax provision and reporting. This role will also prepare responses to information document requests issued by the IRS related to federal income tax matters to be reviewed by Tax Management.Lastly, this role will support quarterly and annual tax provision SOX requirements and assist in administering Baxter's global tax provision software. This role will report to the Senior Manager, Domestic Tax Compliance & Audit but will also have a dotted line reporting relationship to the Senior Manager, Tax Provision & Projects.What you'll be doing

  • Support the U.S. federal income tax compliance process in order to meet external filing requirements. This includes following internal deadlines and leading multiple workstreams in order to prepare and e-file the U.S. consolidated federal income tax return in a timely and accurate manner
  • Prepare U.S. federal proforma returns and consolidated return items, including any book-tax adjustments. In certain instances, this role may also review work performed by other staff members
  • Prepare key calculations necessary for Baxter's global tax provision and reporting, including, but not limited to, quarterly global annual effective tax rate, UTP reserve calculations, cash tax forecasts, valuation allowance analyses, reconciliation workpapers, and quarterly tax provision journal entries
  • Prepare federal income tax payments and extensions
  • Prepare and analyze any federal return-to-provision adjustments after the U.S. consolidated federal income tax return is filed
  • Follow the U.S. federal income tax return filing and quarterly global tax provision calendars to ensure compliance with all deadlines
  • Provide support on annual and quarterly U.S. federal tax provision calculations, including any book-tax adjustments
  • Support quarterly and annual tax requirements for SOX compliance
  • Assist with the administration of the global ONESOURCE Tax Provision (OTP) software to support the tax provision processes
  • Assist with implementing process improvement matters related to the federal income tax return compliance and global tax provision processes, including but not limited to reformatting workpapers to drive efficiencies and automation opportunities to reduce/eliminate non-value add work
  • Prepare responses to information document requests and tax notices issued by the IRS related to federal income tax matters to be reviewed by Tax ManagementWhat you'll bring
    • 3-5 overall years corporate federal income tax and/or tax provision (ASC 740) background
    • Proficient in CorpTax and/or OTP is preferred
    • Accounting undergraduate degree required and CPA preferred; MST highly preferredThe 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.Equal Employment OpportunityBaxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

      EEO is the Law
      EEO is the law - Poster Supplement
      Pay Transparency PolicyReasonable Accommodations

      Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.Recruitment Fraud Notice

      Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice.066350

Keywords: BAXTER, Arlington Heights , Sr. Analyst, Federal Income Tax Compliance & Global Tax Provision, Accounting, Auditing , Deerfield, Illinois

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