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Accounting Manager - Profit in inventory

Req #: JR - 129298 Location: Deerfield, Illinois, United States Job Category: Finance Date posted: 04/09/2024

Overview

This is where your insights influence change. As a member of the Baxter Finance team, you have the critical thinking and analytical mindset that allows you to translate data into meaningful, actionable insights that help teams learn and adapt along the way. We guide our internal partners to understand financial opportunities or realities that move Baxter forward and closer to our mission to save and sustain lives. While you often work independently with your cross-functional team, you always have the greater finance organization to lean on for support and career mentoring.

  • Support for Parents

  • Continuing Education/
    Professional Development

  • Employee Health &
    Well-Being Benefits

  • Paid Time Off

  • 2 Days a Year to Volunteer

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Success Profile

What makes a successful Finance team member at Baxter? Take a look at some of the top traits we’re looking for and see if you’re a fit.

  • Adaptable
  • Analytical
  • Detail-oriented
  • Easygoing
  • Results-driven
  • Team player

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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 set up 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.

#LI-JE1

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.

Equal Employment Opportunity

Baxter 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 Policy

Reasonable 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.

129298

Hear from Our Employees

Our company is enriched by a diverse population of individuals in more than 100 countries that work to solve, innovate, manufacture and drive better healthcare options for patients around the world.

Meet Monica Weber, Senior Analyst, Finance, Singapore

“Though Finance is often referred to as a support function, I find finance to be a critical aspect of Baxter operations. The finance community is one of the most connected across the globe and, from my experience, highly regarded among business partners. Every project I support or initiative I'm involved in I try to look at the total Baxter picture and understand how it relates to the business and patients. Having that level of insight behind my work drives motivation.”

Meet Serge Vandermotten, COE Controller, Benelux

“My job has always fascinated me at Baxter. After 33 years of service, this is where I want to continue my career. I have stayed because it is a large company grounded in sound ethics and provides countless opportunities for development and innovation. It is a company that lives, progresses, and constantly develops with time. I have great pleasure in forming professional relationships with my colleagues as we learn from each other’s experiences.”

Meet Joselyn Alvarez, Senior Analyst, Costa Rica

“It is impossible to be a part of Baxter and not learn and grow. I've had the opportunity to learn valuable skills from coworkers and enjoy the relationships we have built as professionals. As a global company, Baxter always looks towards automation and improvement. I know that my work helps us be more efficient and precise in ensuring that our products are consistently available to patients.”

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