Accounting Manager - Profit in inventory

Vantive: A New Company Built On Our Legacy

Baxter is on a journey to separate our ~$5B 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 separation of Kidney Care from Baxter into a standalone company (to be named Vantive) remains subject to the satisfaction of customary conditions.

Your Role at Baxter:

Coordinate International Profit in inventory (PII) process across geographies and businesses. Ensure timely and high-quality reporting. PII gap analysis aiming for short and long-term issue resolutions. All regions, all businesses. Provide guidance on ad hoc business questions to ensure proper PII handling.

What You'll be Doing:

• Perform as necessary accounting integrity checks and reconciliation as it relates to PII related accounts.
• Review high-level consistency on monthly profit allocation during month-end close.
• Provide help/training on global monthly PII reporting questions.
• Coordinate the preparation, revision & submission of the European quarterly validation files, ensuring reconciliation with FCCS.
• Provide help/training on quarterly validation reporting for other regions.
• Ensure timely & correct submission of above-mentioned reporting.
• Be vigilant of changes in systems/ teams/ entities to avoid PII issues.
• Coordinate & control PII restatement at the beginning of a new year, result of changes in exchange rate, manufacturing costs, and transfer prices.
• Support Global Cost Expert team on global costing process (annual & daily) for ad hoc questions and strict follow-up of Cost Change policy.
• Control the impact of approved cost changes on the PII globally, ensure relevant adjustments are booked & reported.
• Ensure proper setup of item master data so accounting flow is correct.
• Secure level of accounting detail to allow utmost automation of PII reporting
• Coordinate the different investigation efforts across the globe with relevant teams aiming to reduce PII gaps. (intercompany, inventory, costing)
• Ensure corrective load files are provided & corrective actions taken.
• Share resolution updates with all stakeholders involved to avoid similar issues in the future.
• Key contact to provide expertise on ad hoc questions and projects to ensure the design includes from the start correct PII handling.
• For recurring issues ensure documentation/policy is written and shared with relevant teams.
• Ensure up-to-date training material on PII input data from global PII reporting tools (JDE & sharepoint) is available.
• Aim for better worldwide understanding on PII.
• Provide regular and effective training to relevant teams / new team members responsible for different PII reporting and accounting entries for specific transactions (eg prospective/ retro active TP Adjustments, intercompany PPV booking on in transit, trade profit allocations calculations), newly designed reconciliation reports and use of PII investigation tools.

What You'll Bring:

• Bachelor’s Degree in Accounting or Finance
• CPA required
• 5 plus years of relevant unrealized Profit in inventory accounting experience
• Previous management / supervisory experience is preferred
• Ability to deal with ambiguity and to apply professional judgement
• Strong knowledge of US GAAP and financial analysis, including understanding of internal control requirements and relevant business environments
• Ability to balance multiple, competing priorities and to effectively escalate or resolve issues to meet deadlines
• Process improvement and process innovation experience desired
• Working knowledge of JDE and consolidation systems (ie. FCCS) preferred
• Adaptable, self-starter with strong analytical skills and decision-making capabilities
• Strong interpersonal, communication, and collaboration skills
• Intermediate level knowledge of Microsoft Office (Excel, Word, PowerPoint)

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission.

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 employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $112,000 to $154,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

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.