Senior Director Finance, Corporate Functions

Company: Solventum
Location: Saint Paul
Posted on: November 6, 2024

Job Description:

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Job Description:Job Title: Senior Director Finance, Corporate Functions3M Health Care is now SolventumAt Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.The Impact You'll Make in this RoleThis Sr. Director Finance, Corporate Functions will support the Senior Vice President, FP&A in managing the budgeting and planning for all central Corporate Functions, and will partner closely with the Executive Leaders for all the central Corporate Functions ( $1B Budget). As a Sr. Director Finance, Corporate Functions you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world.Here, you will make an impact by:

• Own the budgeting and planning for all Corporate Functions including Central R&D, Strategy, Finance, HR, IT, Legal, Insurance, and other Corporate spend
• Partner with Transition Management Office on Corporate Function spend incurred through transition agreements with 3M Company
• Enhance visibility of spend categories and identify areas for efficiencies; benchmark against external peers and provide recommendations on resource allocation for Corporate Functions
• Develop and coach a team of 5 FTEs and help them implement best practices in managing and reporting Corporate Function spend
• Present directly to Executive Leaders and CFO at a regular cadence and help implement resource allocation decisions across the enterpriseYour Skills and Expertise To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:
  • Bachelor's degree or higher from an accredited university and 10 years of Finance experience in private, public, government or military environment
  • A minimum of 5+ years in an FP&A role
  • Strong command of cost management and reportingAdditional qualifications that could help you succeed even further in this role include:
    • A master's degree in finance or business from an accredited institution
    • CMA or CPA certification
    • 5+ years of managing Corporate Function spend of $1B+
    • A background in audit or advisory or consulting services, including big 4
    • Ability to "think outside the box" and embraced continuous change.
    • Outstanding integrity, initiative, creativity, and passionWork location: RemoteTravel: May include up to 10% domestic/internationalRelocation Assistance: Is not authorizedMust be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).Supporting Your Well-being Solventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope. Applicable to US Applicants Only:The expected compensation range for this position is $259,007 - $316,564, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of . Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly. Solventum Global Terms of Use and Privacy Statement Carefully read these Terms of Use before using this website. Your access to and use of this website and application for a job at Solventum are conditioned on your acceptance and compliance with these terms.Please access the linked document by clicking here , select the country where you are applying for employment, and review. Before submitting your application you will be asked to confirm your agreement with theterms.

Keywords: Solventum, Rochester , Senior Director Finance, Corporate Functions, Executive , Saint Paul, Minnesota