Full-Time

Indirect Tax Compliance Preparer

Solventum

Solventum

10,001+ employees

Global healthcare company: wound care, dental

No salary listed

Bengaluru, Karnataka, India

Hybrid

Hybrid model; on-site presence as required by business needs.

Category
Accounting (1)
Required Skills
SAP Products
Requirements
  • Location Bengaluru
  • Overall 4-5 years of experience in Finance/Tax Department with minimum 3 years in indirect tax compliance, preferably in a multinational environment, shared service center, or Big 4 firm
  • Familiarity with VAT/GST return preparation and submission processes across APAC
  • Experience with tax software and ERP systems such as SAP, OneSource, or Deloitte ITC tool preferred
  • Strong attention to detail and organizational skills
  • Ability to communicate effectively in writing and orally on technical matters
  • Degree in Accounting, Finance, Tax, or related field
  • English fluent required, additional APAC language a plus
  • MBA preferred
Responsibilities
  • Prepare data reconciliations and draft indirect tax compliance reports for review and approval across the APAC region (experience in Australia, New Zealand, Singapore, Vietnam, Japan, Taiwan, South Korea and Thailand preferred)
  • Submit VAT/GST returns and related filings, ensuring accuracy and timeliness
  • Maintain thorough documentation to support tax filings and audits
  • Monitor and process payments or refunds related to indirect tax positions
  • Support the review and approval workflow, coordinating with reviewers and managers as needed
  • Assist in monitoring intercompany transactions and clearing processes for compliance
  • Provide supporting documentation for indirect tax audits and inquiries from tax authorities
  • Assist in responding to audit requests and resolving issues under supervision
  • Identify and escalate potential compliance risks
  • Contribute to the development and enhancement of indirect tax compliance processes
  • Support the implementation of new regulatory requirements and system updates
  • Work closely with finance, trade compliance, and other business functions to ensure accurate tax treatment of transactions
  • Liaise with external compliance providers and local contacts as required
  • Take ownership of assigned tasks and deliver results with urgency
  • Respond to setbacks with resilience and a commitment to improvement
  • Seek and provide constructive feedback to support team development
Desired Qualifications
  • MBA preferred (Education & Additional Qualifications)
  • Additional APAC language is a plus

Solventum provides a wide range of healthcare products across four main areas: wound care and surgical supplies, dental and orthodontic tools, health information software, and purification filters for biopharmaceuticals. These products work by combining material science and data science to help hospitals manage patient records, prevent infections during surgery, and filter fluids for medical treatments like dialysis. Unlike many competitors, the company holds a massive portfolio of over 7,300 patents inherited from its history as a 3M division, allowing it to serve over 75% of U.S. hospitals. Its goal is to use this intellectual property and a disciplined business model to find new solutions for healthcare providers and grow within the global medical technology market.

Company Size

10,001+

Company Stage

IPO

Headquarters

Maplewood, Minnesota

Founded

2023

Simplify Jobs

Simplify's Take

What believers are saying

  • $200M Eagan Innovation Hub accelerates wound care and digital health R&D.
  • Acera Surgical acquisition expands into $900M synthetic tissue matrices market.
  • $500M cost-savings program and $1B buyback boost 2026 EPS to $6.60.

What critics are saying

  • Q1 2026 revenue drops 4.9% as MedSurg demand declines post-divestiture.
  • ERP failures and 3M service agreements delay savings through 2026.
  • 3M's $648M share sale in early 2026 depresses SOLV stock price.

What makes Solventum unique

  • Solventum leads advanced wound care with market-dominant products post-3M spin-off.
  • Filtek brand holds dominant share in $2B dental composite market since 2025.
  • Health IT software serves 75% of U.S. hospitals with AI-assisted coding.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Relocation Assistance

Company News

Simply Wall St
Apr 5th, 2026
Solventum opens $200M Innovation Hub as CAO prepares to retire

Solventum Corporation has opened a $200 million Innovation Hub in Eagan, Minnesota, housing over 1,800 employees and supported by approximately $13 million in state business development funding. The facility focuses on research and development in healthcare innovation, particularly advanced wound care, sterilisation and digital health. The opening coincides with Chief Accounting Officer Mary Wilcox announcing her retirement, effective once a successor is appointed. Wilcox informed the company of her intention on 20 March 2026. The Innovation Hub supports Solventum's emphasis on new product development following its separation from 3M. However, analysts note that near-term execution risks around ERP implementation and supply chain transition remain key factors for investors to monitor.

Yahoo Finance
Mar 1st, 2026
Solventum sells Purification unit, buys Acera Surgical, launches $1B buyback in first year post-3M spin

Solventum reported fourth-quarter sales of $2.0 billion, with organic growth of 3.5% year-over-year, though reported revenue declined 3.7% due to its Purification & Filtration divestiture and the Acera acquisition. Non-GAAP earnings per share reached $1.57, whilst adjusted operating margin was 19.9%. Gross margin fell 230 basis points to 53.5%, with roughly 150 basis points attributed to one-time separation costs from 3M. For 2026, the company guided organic sales growth of 2%–3%, operating margin of 21%–21.5%, and EPS of $6.40–$6.60. Management expects free cash flow around $200 million, or roughly $1 billion excluding separation and divestiture costs. The company closed its acquisition of Acera Surgical to enter the synthetic tissue market and launched a $1 billion share buyback programme. Solventum aims to exit approximately 90% of transitional service agreements with 3M by year-end 2026.

Yahoo Finance
Feb 26th, 2026
Solventum beats quarterly estimates as surgical product demand drives $2B revenue

Solventum, a Minnesota-based medical device maker, beat Wall Street estimates for the fourth quarter, driven by strong demand for wound care and sterilisation products. Revenue reached $2 billion, surpassing analysts' expectations of $1.96 billion, whilst adjusted earnings per share came in at $1.57 versus estimates of $1.50. The company's MedSurg business, which accounts for over half of total revenue, saw sales rise 5.2% year-on-year to $1.24 billion. Solventum forecast 2026 adjusted profit of $6.40 to $6.60 per share, above Wall Street expectations of $6.34. The company is acquiring Acera Surgical for up to $850 million to expand its wound care portfolio and has launched a four-year programme expected to deliver $500 million in annual savings.

Yahoo Finance
Feb 26th, 2026
Solventum Q4 earnings beat expectations with $2B revenue, projects $6.40-$6.60 per share for 2025

Solventum reported fourth-quarter net income of $63 million, or $1.57 per share on an adjusted basis, exceeding Wall Street expectations of $1.50 per share. The Maplewood, Minnesota-based healthcare company posted revenue of $2 billion, surpassing analyst forecasts of $1.97 billion. For the full year, Solventum reported profit of $1.56 billion, or $8.88 per share, with revenue of $8.32 billion. The company expects full-year earnings between $6.40 and $6.60 per share.

PR Newswire
Feb 26th, 2026
Solventum reports Q4 2025 results with 3.5% organic sales growth, sets 2026 guidance

Solventum reported fourth quarter 2025 results with sales of $2 billion, down 3.7% on a reported basis but up 3.5% organically. GAAP diluted earnings per share were $0.36, whilst adjusted diluted earnings per share reached $1.57. Operating cash flow totalled $96 million, with free cash flow of $33 million. The healthcare company's organic sales growth was driven by its Infection Prevention and Surgical Solutions business within MedSurg and Dental Solutions. Full-year 2025 results exceeded expectations for both sales and earnings per share. For 2026, Solventum projects organic sales growth of 2.0% to 3.0%, adjusted earnings per share of $6.40 to $6.60, and free cash flow of approximately $200 million. The company, which spun off from 3M, continues its transformation journey.