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
The Controller Specialist plays a critical role in ensuring the accuracy, integrity, and compliance of financial data and processes within the organization. While transactional accounting work is handled by our shared service center, the local accountant is responsible for overseeing these processes, analyzing financial information, and providing insights and support to different departments and stakeholders. This position requires strong analytical skills, attention to detail, and the ability to collaborate effectively with internal and external stakeholders.
As a Senior Accountant / Controller Specialist UK, 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:
Key Responsibilities
Some of the key responsibilities include, but are not limited to:
Financial Accounting, Analysis and reporting: analyze financial data to identify trends, variances, and areas for improvement. Provide insights and recommendations to different departments, shared service center in India and management. Prepare and compile internal and governmental statistical reports in accordance with established guidelines and deadlines. Handle the accounting Non-PO Country invoices, Pensions, Insurances and other general ledger entries.
Financial Compliance and Auditing: Assist with internal and coordinate external audits, including preparing of statutory annual reports, providing documentation, and addressing audit findings. Ensure compliance with financial regulations and internal and external standards (US-GAAP, statutory GAAP and internal regulations). Perform Balance sheet reviews and Month End Close activities. Perform DCF calculations and create impairment schedules.
Payroll Accounting: analyze payroll accounts and cooperate with global shared service center to ensure financial data compliance. Support the reconciliation of payroll accounts and resolution of any discrepancies in a timely manner and communication with public administration.
Tax Compliance: Support in the preparation of tax returns, compliance with tax laws and regulations as required, and provide support during tax audits.
Continuous Improvement: Stay current with statutory accounting standards, regulations, and best practices, and seek opportunities to improve processes and procedures to enhance efficiency and effectiveness. Identify financial risks in the matrix organization and develop strategies to mitigate them, such as implementing internal controls and risk management procedures. Collaborate with the shared service center and other stakeholders to implement changes and streamline processes
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 in Accounting, Finance, or related field
5+ years of experience in accounting or finance roles
Experience in statutory audits and converting US Gaap to local UK Gaap (FRS102)
Proficiency in Microsoft Excel and accounting software (e.g. SAP, Oracle)
Strong analytical and problem-solving skills
Fluent in English
AND
In addition to the above requirements, the following are also required:
Excellent communication and interpersonal skills
Ability to manage multiple tasks and meet deadlines effectively
Ability to work in cross-functional teams
Well-organized with ability to prioritize
Work location: Remote
Travel: May include up to 5% domestic/international, to attend local hub and finance meetings, in line with business needs.
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.
Diversity & Inclusion
(*) We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, gender, sexual orientation, age, civil status, disability, family status, or membership of the travelling community.
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: 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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