IT Business Management Analyst III

3M; Austin (MN); Hybrid; USD 109,000 - 133,000; Full time

Benefits offered by this job

Medical

Dental & Vision

Health Savings Accounts

Flexible Spending Accounts

Disability Benefits

Life Insurance

Voluntary Benefits

Paid Absences

Job summary

3M is seeking an IT Finance Business Analyst III to bridge IT and finance by aligning IT financials with delivery and business objectives. Based on-site at the Maplewood, MN or Austin, TX locations, you will work closely with IT leaders to build budgets, forecasts, and financial models for IT initiatives.

We value strong FP&A skills, experience with cost structures, and the ability to communicate complex analyses clearly. A Bachelor's degree and 5 years in finance or accounting are required.

Qualifications

• Bachelor’s degree or higher.
• Five years of experience in finance or accounting in various environments.
• Proficiency with Excel, SAP, or Oracle Financials.

Responsibilities

• Develop budgets, forecasts and long-range financial plans for IT.
• Monitor IT operating and capital expenditures and perform variance analysis.
• Support cost allocation models across IT services.

Skills

Analytical thinking

Communication

Problem-solving

Education

Bachelor’s degree or higher

Tools

Excel

SAP

Oracle Financials

Job description

IT Finance Business Analyst III

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 that you know that the company 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 environments to a 3M career.

The Impact You’ll Make in this Role

As the IT Finance Business Analyst, you will have the opportunity to support the development of the IT Business Management framework, aligning IT Financials to IT delivery and business objectives. This role bridges technology and finance, helping stakeholders understand the financial implications of IT strategies, investments, and operations. The ideal candidate has a strong background in Financial Planning and Analysis (FP&A) with a working understanding of IT cost structure and project-based accounting. In this role, you will:

• Work with the IT Business Management Leader to develop and maintain budgets, forecasts and long -range financial plans
• Monitor and analyze IT operating and capital expenditures, including variance analysis for hardware, software, personnel, 3rd party labor and other specific expenditures to align with business needs and budgetary constraints
• Support cost allocation models across departments for IT services
• Prepare monthly, quarterly, and annual financial reports for IT Business Management leader, IT leadership, and Corporate Finance.
• Assist with vendor invoice processing, contract analysis, and ensuring compliance with procurement policies
• Support business case development for new IT initiatives or investments
• Provide financial modeling and scenario analysis to support IT strategy decisions

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)
• Five (5) years of experience in finance or accounting in a private, public, government or military environment
• Proficiency in financial management tools such as Excel, SAP, or Oracle Financials.

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

• Experience in finance or accounting, preferably in IT finance or within a technology environment
• Good understanding of financial management concepts (e.g CapEx vs Opex)
• Excellent analytical, problem-solving and communication skills
• Strong attention to detail and ability to manage multiple priorities in a fast-paced environment
• Proven ability to develop and exercise project plans with minimal supervision

Work location

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 or Austin, TX.

Travel

May include up to 5% domestic/international

Relocation Assistance

Is not authorized

Legal Requirements

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

Supporting Your Well-being

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 $109,202 - $133,469, 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.).

• Medical
• Dental & Vision
• Health Savings Accounts
• Health Care & Dependent Care Flexible Spending Accounts
• Disability Benefits
• Life Insurance
• Voluntary Benefits
• Paid Absences and Retirement Benefits

Additional information is available at: https://www.3m.com/3M/en_US/careers-us/working-at-3m/benefits/

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/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.

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.

At 3M we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.