Global Process Lead - Internal Controls-SOX, General Ledger and Month-End Closing

Thank you for your interest in joining Solventum. Solventum is a new healthcare company with a long legacy of solving big challenges that improve lives and help healthcare professionals perform at their best. At Solventum, people are at the heart of every innovation we pursue. Guided by empathy, insight, and clinical intelligence, we collaborate with the best minds in healthcare to address our customers’ toughest challenges. While we continue updating the Solventum Careers Page and applicant materials, some documents may still reflect legacy branding. Please note that all listed roles are Solventum positions, and our Privacy Policy: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ applies to any personal information you submit. 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:

Global Process Lead Assets and Project 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

Global Process Lead – Internal Controls-SOX, General Ledger, and Month-End Closing will oversee the design, implementation, and monitoring of internal controls-SOX within the company’s global financial systems. This role is responsible for ensuring compliance with regulations, optimizing financial reporting, and managing the accuracy and consistency of financial data across various systems while identifying risks and developing mitigation plans. Additionally, the role will oversee period-end close processes, collaborating with cross-functional teams across different regions to maintain a strong control environment across all financial processes and systems.

Key Responsibilities:

1. Internal Controls & Compliance:

• Lead ITGC and Sarbanes-Oxley (SOX) compliance efforts, coordinating with systems, and cross functional owners including business, internal and external auditors, and outside SOX consultants.
• Develop and maintain SOX documentation, including control descriptions, risk control matrices, and system diagrams.
• Continuously assess and enhance internal controls through data analysis, testing, and process standardization.
• Conduct risk assessments across global financial systems and processes to identify key financial risks and recommend mitigation strategies.
• Provide guidance on change management and system access controls to improve compliance and security.

2. General Ledger & Month-End Close:

• Develop and implement streamlined Month-End close processes to enhance the accuracy and efficiency of financial reporting.
• Oversee the review of trial balances, accruals, and transaction classifications to ensure accuracy and compliance with financial standards.
• Supervise daily financial activities and collaborate with Managed Services to ensure seamless transitions and consistent execution of accurate financial reporting functions.

3. Leadership & Continuous Improvement:

• Act as a subject matter expert for SOX compliance, internal and financial controls, and General Ledger and month-end close governance.
• Lead cross-functional teams to enhance internal and SOX controls through automation and process optimization.
• Drive continuous improvement in financial governance, leveraging technology and best practices to strengthen control environments.
• Review and enhance SOPs for tasks performed by the Shared Service Center to drive continuous improvement, ensure operational efficiency, and facilitate a smooth transition of work during employee attrition and turnover.

Qualifications 

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 institution, preferably in Finance or Accounting and (7) seven years'