Global Transfer Pricing Lead

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:

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 the Global Transfer Pricing Lead, 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:

• Overseeing all aspects of Solventum’s Transfer Pricing function by teaming with external service providers, including but not limited to:

  • Implementing the operational side of Transfer Pricing such as setting targets, calculating prices, and monitoring results;

  • Managing Transfer Pricing documentation including intercompany agreements and annual compliance reporting;

  • Representing the Company in audits and other transfer pricing matters with tax authorities, financial statement auditors, and external tax and legal consultants; and

  • Serving as the primary internal Transfer Pricing resource, including for Tax provision, reserve analysis, supply-chain matters, and working with broad cross-functional teams that impact or are impacted by transfer pricing.

• Analyzing US and foreign legislation and OECD initiatives to determine the impact on the Company’s global transfer pricing position and developing strategies to comply while mitigating disruption to the business.

• Providing thought leadership for new ideas and new ways of executing the Transfer Pricing function, including teaming with other professionals to design and implement best practices, making presentations and recommendations to executives on strategic planning and savings initiatives.

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 Transfer Pricing experience in a private, public, government or military environment.

OR

• High School Diploma/GED from AND 14 years of Transfer Pricing experience in a private, public, government or military environment.

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

• Transfer Pricing experience in a large, global company with a complex supply chain across multiple countries and regions, either internally or as an advisor.

• Strong technical understanding of U.S., foreign, and multi-jurisdictional transfer pricing laws, regulations, and publications.

• An in-depth understanding of the global impact of Transfer Pricing including to business and financial reporting.

• Strong experience in tools such as MS-Excel, MS-Powerpoint and MS-Teams to create and share analytics which facilitate decision-making. Experience with SAP, Oracle, Alteryx, or other programs is also a plus.

• Three (3) years of management or supervisory experience of internal or external talent.

• Strong sense of initiative—a self-starter, who can work independently to perform key job functions. The person who fills this role will have a great deal of responsibility for