Manager Treasury & Insurance Accounting

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: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ 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:

Manager Treasury & Insurance Accounting (Solventum)

3M Health Care is now Solventum

At 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 Role
As a Manager Treasury & Insurance Accounting, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. This position will play a critical role in managing the accounting and reporting for financial instruments, from recording journal entries to providing required disclosures for SEC filings.

Here, you will make an impact by:

Treasury Accounting

• Accounting and reporting – managing the accounting activity related to the company’s Treasury activities including cash pooling, debt, investments, balance sheet hedging, net investment hedging, cash flow hedging, cross currency swaps and interest rate swaps
• Preparing and reviewing required disclosures to support SEC filings
• Monitoring US GAAP and SEC developments and evaluating the impacts of new accounting and reporting rules
• Researching and documenting accounting matters including those related to ASC 815, Derivatives and Hedging and ASC 830, Foreign Currency Matters
• Managing and ensuring the accuracy of accounting transactions within Kyriba, our treasury management software
• Fostering and maintaining a strong partnership with Treasury
• Maintaining SOX controls over the areas of ownership
• Collaborating with Tax, Technical Accounting, Controllers, Internal and External Auditors
• Providing management with timely information and guidance for decision making and analysis
• Assisting with other significant projects as needed (such as acquisitions, divestitures, establishing new policies, advise on new types of transactions, foreign currency matters)

Insurance Accounting

• Accounting and reporting – managing the accounting activity related to prepaid insurance, accrued liability and the newly formed Captive Company
• Preparing and reviewing insurance reconciliations
• Collaborating with Treasury on risk management and with Legal and Insurance on legal claims and settlements

Your 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 AND ten (10) years of Finance and/or Accounting experience, with a technical background in derivatives, hedge accounting in a public, private

AND

• 2 years of experience supervising and developing a team of two to three team members

Additional qualifications that could help you succeed even further in this role include:

• Master’s degree in finance, accounting or related degree
• CPA and/or CMA
• Experience working for a public accounting firm
• Knowledge and experience with ERP systems (Oracle, SAP, JDE)
• Analytical and problem-solving skills
• Oral and written communication skills
• Ability to drive results in a fast-paced environment

Work location: Remote – United States

Travel: May include up to [5%][domestic/international]

Relocation Assistance: May be authorized

Must 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 $183,301 - $224,034, 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: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

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 @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.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.

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