Manager Treasury & Insurance Accounting

Solventum Corporation; Eden Prairie (MN); On-site; USD 183,000 - 225,000; Full time

Job summary

An established industry player is seeking a Manager Treasury & Insurance Accounting to lead critical financial reporting and accounting activities. This role involves managing treasury accounting, ensuring compliance with regulations, and collaborating with diverse teams to drive financial success. You'll leverage your extensive experience in finance and accounting, guiding a small team while ensuring accurate disclosures and compliance with SEC requirements. If you are passionate about making an impact in healthcare finance and thrive in a dynamic environment, this is the perfect opportunity for you to shine.

Benefits

Relocation Assistance

Competitive Pay

Health and Wellness Programs

Flexible Work Environment

Qualifications

• 10+ years of Finance and Accounting experience required.
• 2 years of supervisory experience managing a small team.

Responsibilities

• Manage accounting for Treasury activities and ensure compliance with US GAAP.
• Oversee insurance accounting and collaborate with Treasury on risk management.

Skills

Finance and Accounting

Derivatives and Hedge Accounting

Analytical Skills

Problem-Solving Skills

Oral and Written Communication

Education

Bachelor's Degree in Finance or Accounting

Master's Degree in Finance or Accounting

CPA and/or CMA

Tools

Kyriba

ERP Systems (Oracle, SAP, JDE)

Job description

Join to apply for the Manager Treasury & Insurance Accounting role at Solventum

This range is provided by Solventum. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$183,301.00/yr - $224,034.00/yr

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.

Job Description

Manager Treasury & Insurance Accounting

At Solventum, we enable better, smarter, safer healthcare to improve lives.

As a Manager Treasury & Insurance Accounting, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. This position will play a critical role in managing the accounting and reporting for financial instruments, from recording journal entries to providing required disclosures for SEC filings.

Here, You Will Make An Impact By

Treasury Accounting

• Managing the accounting activity related to the company’s Treasury activities including cash pooling, debt, investments, balance sheet hedging, net investment hedging, cash flow hedging, cross currency swaps, and interest rate swaps.
• Preparing and reviewing required disclosures to support SEC filings.
• Monitoring US GAAP and SEC developments and evaluating the impacts of new accounting and reporting rules.
• Researching and documenting accounting matters including those related to ASC 815, Derivatives and Hedging and ASC 830, Foreign Currency Matters.
• Managing and ensuring the accuracy of accounting transactions within Kyriba, our treasury management software.
• Fostering and maintaining a strong partnership with Treasury.
• Maintaining SOX controls over the areas of ownership.
• Collaborating with Tax, Technical Accounting, Controllers, Internal and External Auditors.
• Providing management with timely information and guidance for decision making and analysis.
• Assisting with other significant projects as needed (such as acquisitions, divestitures, establishing new policies, advising on new types of transactions, foreign currency matters).

Insurance Accounting

• Managing the accounting activity related to prepaid insurance, accrued liability, and the newly formed Captive Company.
• Preparing and reviewing insurance reconciliations.
• Collaborating with Treasury on risk management and with Legal and Insurance on legal claims and settlements.

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 Finance and/or Accounting experience, with a technical background in derivatives, hedge accounting in a public, private.

AND

• 2 years of experience supervising and developing a team of two to three team members.

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

• Master’s degree in finance, accounting or related degree.
• CPA and/or CMA.
• Experience working for a public accounting firm.
• Knowledge and experience with ERP systems (Oracle, SAP, JDE).
• Analytical and problem-solving skills.
• Oral and written communication skills.
• Ability to drive results in a fast-paced environment.

Work location

Remote – United States

Travel

May include up to 5% (domestic/international)

Relocation Assistance

May be authorized

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.

Applicable to US Applicants Only: The expected compensation range for this position is $183,301 - $224,034, which includes base pay plus variable incentive pay, if eligible.

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

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.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Medical Equipment Manufacturing