BD (Becton, Dickinson and Company) Senior Director of Tax Reporting & Compliance in Franklin Lakes, New Jersey
Job Description Summary
Becton, Dickinson and Company (BD) recently announced its intention to spin the Diabetes Care business into a public company, embecta. The Diabetes Care business of Becton, Dickinson and company is the industry pioneer and leader in diabetes injection devices. The Diabetes Care business unit has a long history within BD and is unique in that it focuses on one important disease state which is a threat to world health. embecta has an unequalled reach and connection to diabetic patients and has well-established relationships with key diabetes stakeholders and influencers worldwide. embecta has leveraged deep expertise and advanced technologies to continuously innovate their portfolio specifically tailored to the needs of type 2 diabetics. Their products are diligently designed to enable people who are living with diabetes will benefit from comfortable, effective diabetes care.
Manage and responsible for all aspects of tax reporting and compliance for US Federal, State, and International tax matters in the following areas:
ASC 740 (U.S. GAAP) tax provision preparation/review on a quarterly and annual basis, including FIN18, FIN48 and tax account reconciliations for a US public company
Manage and review the Global effective tax rate, and all SEC tax footnote and disclosure requirements
Manage and review of the US Federal, State, and Foreign tax return filings
In-depth understanding and ability to model/analyze all facets of international taxation, such as BEAT/FDII/GILTI/Subpart-f for tax planning and associated tax reporting/compliance
Own all aspects of data gathering, analytics, and documentation support for transfer pricing and audit functions
Participate in the leadership of the global tax team by developing a best-in class tax function
Assess and strengthen the processes to support embecta’s Corporate income tax, tax provision, tax planning and tax controversy processes around the world to ensure appropriate reporting and compliance during and after the transition services period
Enable more standardization and the opportunity for continual improvement over embecta’s global tax processes including active engagement in tax requirements for development of embecta’s ERP and reporting systems
Support in developing greater central visibility and control over the embecta’s global tax processes
Support the embecta’s development of shared service center capabilities as they relate to tax obligations
Develop and maintain process flows and the applicable internal controls as required by Sarbanes Oxley 404 for financial reporting and income tax accounts.
Interact directly and handle discussions with external auditors and tax/legal advisors
Provide critical tax accounting support on embecta’s strategic initiatives, mergers and acquisitions, joint ventures, and capital deployment.
Assess and oversee tax impact of tax controversies/UTPs and related interest and support recognition and measurement of various tax positions
Manage all US federal, state and local tax filing/compliance activities, including estimated tax payments and extensions.
Coordinate and manage the preparation of non-US income tax returns by internal stakeholders or external service providers.
Manage indirect tax and transaction tax compliance in applicable jurisdictions including sales tax, and VAT.
Maintain global tax calendar and ensure that all tax filing requirements are in accordance with taxing regulations around the globe.
Maintain and update internal reporting processes used to organize financial data from the general ledger and accounting systems into formats required for completing foreign and domestic income tax provisions and tax returns, including indirect tax returns.
Establish and maintain tax risk management policies.
Manage global cash tax forecasts.
Manage or oversea tax notices and global tax audit examinations for the effective & efficient management of tax controversies
Determine effective tax rate impact from tax planning initiatives
Monitor and analyze tax regulatory and compliance developments and tax law changes for impacts to the embecta’s effective tax rates, tax reporting and compliance
Develop a strong working relationship with internal stakeholders and external advisors
Liaise and collaborate closely with tax functional and other cross-functional teams to ensure tax planning is appropriately reflected in the tax provision and tax returns
EXPERIENCE, EDUCATION, KNOWLEDGE, SKILLS AND ABILITIES:
15+ years of tax and leadership experience, highly preferably in a mix of public accounting and multinational corporate environment
Extensive knowledge of US GAAP accounting concepts and principles (particularly ASC 740 and SOX 404 internal controls) is essential
Bachelor’s degree in Accounting; CPA required; MBA/MS in Taxation strongly preferred
Strong and broad-based US, state and local and US international tax compliance skills and experience, including recent US tax reforms
Experience with US indirect and non-income taxes (i.e. sales and use) preferred
Experience in managing and administering federal, state and local tax exams / audits
Strong skills in strategic planning, decision making, analysis, and use of judgment
Requires the ability to teach, coach, and develop staff and key stakeholders
Must be able to work with all levels of management, staff, consultants, attorneys, and taxing authorities
Strong research and analytical skills
Experience in tax technology, including visualization tools, and tax compliance software (E.g., Corptax, OneSource, HFM, SAP, Alteryx, Tableau, Power BI etc.) and excellent skills in MS Excel, Word and PowerPoint skills.
A strong work ethic and passion for being hands-on in problem-solving and execution
An entrepreneurial mindset with ability to roll-up sleeves and dig into the details
Proven ability to manage multiple projects and initiatives simultaneously
Executive presenece with excellent analytical skills, written and oral communication skills, presentation skills, and the ability to clearly convey tax concepts to senior management & global audiences
Ability to understand and communicate complex tax matters to internal and external stakeholders.
High level comfort and experience in dealing with senior management.
Ability to possess strong business acumen
Excellent project management skills
Drives results. Ability to set and pursue aggressive goals and demonstrate a strong commitment to organizational success.
Requires strong negotiation and interpersonal skills
Significant exposure to all the essential functions of the position
Demonstrated track record of success with prior positions reflecting increasing responsibility
Must be able to prioritize, work independently and communicate effectively with tax and business colleagues, both domestically and abroad.
Must be able to initiate, manage and complete complex projects with little or no supervision.
OTHER RELEVANT INFORMATION: CORE COMPETENCIES
The following key competencies are required in this role:
Strategic Agility . Sees ahead clearly; can anticipate future trends accurately; has broad knowledge and perspective; can articulately create competitive and breakthrough strategies and plans.
Financial Acumen . Strong financial analysis skills and the ability to convert analysis into tactical actions and recommendations. Ability to define improvements in financial reporting that adds value and drives change. Experience in improving and managing multiple financial processing applications.
Judgment/Continuous Improvement. Ability to demonstrate sound business judgment with a keen eye for continuous innovation and improvement.
Leadership and Team Building . Able to motivate and inspire a diverse group of employees and stakeholders by translating corporate financial objectives into something meaningful and tangible. Ability to attract superior talent and develop that talent for future growth.
Driving for Result s. Ability to thrive in a very high growth, entrepreneurial atmosphere and achieve results by understanding and managing the key levers of the business.
Communication and Influence. Must communicate confidently with people at all levels of the organization. Excellent verbal and written communication skills, capturing and expressing reasoning behind. Recommendations and assumptions. Successfully lead consensus building at all levels.
For many roles at BD, employment is contingent upon the Company’s receipt of sufficient proof that you are fully vaccinated against COVID-19. In some locations, weekly testing for COVID-19 may be available instead of vaccination. Consistent with BD’s Workplace Accommodations Policy, requests for accommodation will be considered pursuant to applicable law.
Primary Work Location
USA NJ - Franklin Lakes
Becton, Dickinson and Company is an Equal Opportunity/Affirmative Action Employer. We do not unlawfully discriminate on the basis of race, color, religion, age, sex, creed, national origin, ancestry, citizenship status, marital or domestic or civil union status, familial status, affectional or sexual orientation, gender identity or expression, genetics, disability, military eligibility or veteran status, or any other protected status.