Sr Spec, Finance

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At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond.

Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results.

Here, you will find more than just a job—you will find purpose and pride. 

Role Summary:

This is a critical site-based role in Bangalore responsible for managing end-to-end compliance for Direct Tax (Income Tax & Withholding), Indirect Tax (GST), and Statutory Audits. The incumbent will serve as the Single Point of Contact (SPOC) for statutory auditors and tax consultants, ensuring timely closures, litigation support, and accurate financial reporting.

Essential Duties and Responsibilities:

Statutory Audit & Financial Reporting:

·       Prepare entity-level financial statements, including Balance Sheets, P&L accounts, Cash Flow statements, and all requisite disclosures.

·       Post necessary adjustment entries in accordance with Indian GAAP (IGAAP).

·       Prepare detailed schedules and reconciliations in IGAAP formats.

·       Manage auditor queries and provide all necessary documentation to ensure a seamless audit process.

Direct Taxation:

·       Transfer Pricing (TP): Coordinate with external consultants for TP filings; provide necessary data for TP documentation and segmentation.

·       TDS/Withholding Tax: Verify section-wise TDS applicability for domestic and foreign transactions; maintain documentation (TRC, PE, Form 10F). Deposition of challan before due date. Maintaining Lower deduction in JDE and intimate mail send to AP team. Checking and filling of Quarterly TDS/TCS returns.

·       Compliance Management: Maintain lower deduction certificates in JDE; process 15CA/15CB certifications and upload them to the e-filing portal.

·       Corporate Tax: Compute and pay quarterly advance tax based on forecasted profitability; file annual Income Tax return.

Indirect Taxation:

·       Providing required data and documents to consultant and timely filing of GST Returns (GSTR1,3B)

·       Payment of GST on outward supplies after due adjustments of Input tax credit and payment of tax under reverse charge mechanism

·       Providing required data and documents to consultant for filling GST Refund applications. Take follow-up with Consultant / GST department for Refund.

·       Ensuring that the input credit captured in the books are in line with GST laws and ineligible credit if any has been duly reversed

·       Capturing manual input credit on bank and airline charges to avoid loss of credit

·       Ensuring that the books of accounts are reconciling with the filed GST returns and electronic credit register as appearing on GST portal

·       Providing necessary information to consultant to file annual GST Return (GSTR 9& 9C) and closure of annual Audit

·       Implementing relevant and applicable changes in laws to the organization to keep pace with the amendments brought by Budget and Circulars from time to time

Other Statutory compliance:

·       Manage monthly SOFTEX filings for export compliance

·       Track inward remittances, apply for EBRC on the DGFT portal, and ensure EDPMS closure via the banking portal.

·       Update all Finance related statutory compliance in Lexcomply Tool.

Intercompany Account Receivable Activity:

·       Preparation of monthly Cross charge working as per Intercompany Agreement. Preparation of invoices in Blackline tool after approval as per Matrix / DOA.

·       Preparation of Tax Invoices for above cross charge and generate E-Invoicing from GST site.

·       Sending invoices to respective SPOC and follow-up for collection.

·       Prepare monthly reconciliation along with ageing and submission in Blackline tool.

Company Secretarial work:

·       Arranging record of all Board meeting, CSR meeting and Annual General meeting.

·       Assist in filling of Company Secretarial returns like XBRL filling, MSME Returns, ESOP Returns DIR-8, MBP-1.

·       Co-ordination with company Directors for necessary approvals / Signature and archiving.

Non-Taxation responsibility / Month end Closing :

·       Preparation of all Tax related GL Reconciliation for upload in blackline

·       Submission supporting documents in Blackline for all posted Journal Entries in Books.

·       Preparing provision related to consultancy fee of direct and indirect tax and getting their invoices processed after ensuring all the engagement letters in place

·       Review various Tax and non-tax related balance sheet account.

·       Preparation of Purchase orders in Coupa system for Finance related consultancy charges.

·       Prepare and post JE in JDE like GST return Entries, TDS payment, GST RCM and GST refund etc

Education and/or Experience:

Include the education and experience that is necessary to perform the job satisfactorily.

• Education: Qualified Chartered Accountant (CA) with 3+ years of post-qualification experience OR an MBA in Finance with 10+ years of experience.

Experience:

• Proven track record in preparing full financial statements for companies with a turnover exceeding INR 500 Crores.

• Prior experience working with Big Four accounting firms is highly preferred.

Technical Skills:

• Extensive knowledge of Indian Direct and Indirect Tax laws.

• Proficiency in JDE (JD Edwards), Coupa, Blackline, and Concur is an advantage.

• Competencies: Strong analytical skills, attention to detail, and the ability to manage multiple regulatory deadlines.

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.

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.

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