Cost Productivity Specialist

3M; Maplewood (MN); On-site; USD 146,000 - 178,000; Full time

Job summary

3M seeks a Cost Productivity Specialist to drive enterprise transformation through financial governance, forecasting, planning and analytics at Maplewood, MN. You will partner with FP&A, Controllership, HR, External Reporting and the PMO to ensure accurate tracking of transformation costs and savings.

The role emphasizes leading governance activities, building financial models, and communicating results to senior leadership, with on-site work four days a week and travel up to 5% domestic.

Qualifications

• Bachelor’s degree or higher completed and verified prior to start.
• Seven (7) years of Finance or Accounting experience in a private, public, government or military environment.
• Experience supporting financial planning and reporting cycles.
• Strong financial modeling and analytical skills across the P&L, balance sheet, cash flow statement.

Responsibilities

• Lead governance activities related to transformation financials, including quarterly balance sheet reviews with Controllership and preparation of monthly CEO approval materials.
• Partner with external reporting to document and present restructuring results in published financials.
• Consolidate transformation inputs across monthly close, forecast, strategic plan, and operating plan cycles.
• Support accurate representation of transformation results in internal reporting and published financials; communicate updates to senior leadership.
• Collaborate with PMO and cross-functional stakeholders to validate estimates and provide finance guidance on transformation assumptions.
• Lead cross-functional alignment on expected financial impacts and track execution of initiatives.
• Lead short- and long-term financial modeling for transformation initiatives including cost, savings, cash flow, balance sheet and stranded cost impacts.
• Own central stranded cost model and perform ad-hoc FP&A analyses as needed.

Skills

Financial modeling

Analytical skills

Cross-functional collaboration

Communication skills

Attention to detail

Education

Bachelor’s degree or higher

Master’s degree in Finance/Accounting/Business Administration/Economics

Job description

Collaborate with Innovative 3Mers Around the World

Choosing where to start and grow your career has a major impact on your professional and personal life, so it’s equally important you know that the company that you choose to work at, and its leaders, will support and guide you. With a wide variety of people, global locations, technologies and products, 3M is a place where you can collaborate with other curious, creative 3Mers.

This position provides an opportunity to transition from other private, public, government or military experience to a 3M career.

The Impact You’ll Make in this Role

The Cost Productivity Specialist supports enterprise transformation initiatives through financial governance, forecasting, planning, and analytics. The position partners closely with FP&A, Controllership, HR, External Reporting, and Project Management Office (PMO) teams to ensure accurate tracking and reporting of transformation related costs, savings, cash impacts, and balance sheet activity.

As a Cost Productivity Specialist, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative people around the world. Here, you will make an impact by:

• Leading key governance activities related to transformation financials, including quarterly balance sheet reviews with Controllership and preparation of monthly CEO approval materials
• Partnering with the external reporting team to ensure proper documentation and representation of restructuring results in published financials
• Consolidating transformation related inputs across monthly close, forecast, strategic plan, and operating plan cycles
• Supporting accurate representation of transformation related results in internal reporting and published financials and communicating updates to senior leadership
• Partnering with PMO teams and cross functional stakeholders to validate estimates, pressure test assumptions, and provide central Finance guidance on standard transformation assumptions
• Collaborating with Controllership, HR, External Reporting, FP&A, and PMO teams to align on expected financial impacts and tracking of execution of initiatives
• Leading short- and long-term financial modeling for transformation initiatives, including cost, savings, cash flow, balance sheet, and stranded cost impacts
• Owning central stranded cost model and perform other ad-hoc FP&A analysis as needed

Your Skills and Expertise

To set you up for success in this role from day one, 3M requires (at a minimum) the following qualifications:

• Bachelor’s degree or higher (completed and verified prior to start)
• Seven (7) years of Finance or Accounting experience in a private, public, government or military environment

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

• Master’s degree in Finance, Accounting, Business Administration, Economics, or a related field from an accredited institution
• Experience supporting financial planning and reporting cycles
• Strong financial modeling and analytical skills across the P&L, balance sheet, cash flow statement
• Ability to partner cross-functionally and influence within an organization
• Strong communication skills, including the ability to prepare clear, leadership-ready materials
• Strong attention to detail, organizational skills, and ability to manage multiple priorities in a dynamic environment

Work location:

• On-site: This role follows an on-site working model, requiring the employee to work at least four days a week at the 3M Center in Maplewood, MN.
• Travel: May include up to 5% domestic
• Relocation: Is not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

3M offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, 3M 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 $145,676 - $178,049, 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.3m.com/3M/en_US/careers-us/working-at-3m/benefits/.

All US-based 3M full time employees will need to sign an employee agreement as a condition of employment with 3M. This agreement lays out key terms on using 3M Confidential Information and Trade Secrets. It also has provisions discussing conflicts of interest and how inventions are assigned. Employees that are Job Grade 7 or equivalent and above may also have obligations to not compete against 3M or solicit its employees or customers, both during their employment, and for a period after they leave 3M.

Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Instagram, Facebook, and LinkedIn @3M.

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Safety is a core value at 3M. All employees are expected to contribute to a strong Environmental Health and Safety (EHS) culture by following safety policies, identifying hazards, and engaging in continuous improvement.

Pay & Benefits Overview: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/

3M does not discriminate in hiring or employment on the basis of race, color, sex, national origin, religion, age, disability, veteran status, or any other characteristic protected by applicable law.

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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