IT Finance & Planning Manager

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

As an IT Finance and Planning Manager you will have the opportunity to partner with IT and business leaders to shape technology investment strategy, drive financial transparency, and strengthen operational effectiveness across the technology portfolio. Here, you will make an impact by:

• Setting the financial operating direction for the IT organization by leading the annual operating plan, budget establishment, forecasting cycles, and long-range financial plans, and by establishing the guidelines, standards, and planning calendar that govern how IT financial decisions are made.
• Serving as the financial advisor to IT leadership, providing expert counsel on investment trade-offs, funding alternatives, business cases, total cost of ownership, ROI, and affordability, and influencing decisions on where technology spend is prioritized, reduced, or redirected.
• Holding accountability for IT financial performance across the portfolio, including monthly results, variance drivers, forecast accuracy, financial risk exposure, capital versus operating expense treatment, and corrective actions required to deliver against committed financial targets.
• Partner with portfolio, program, and project leaders to manage financial performance across the IT investment portfolio, including capital and operating expense planning, resource forecasting, benefits realization, and financial governance.
• Leading enterprise-level financial analysis and scenario planning that shapes portfolio prioritization, resource allocation, cost optimization, benefits realization, and multi-year investment strategy, translating complex financial and operational data into decision-ready recommendations for senior leadership.
• Improving IT financial governance, controls, policies, and reporting standards, ensuring compliance with corporate financial policy and audit requirements while partnering with Finance, Procurement, Sourcing, and business leadership to resolve complex, cross-functional financial issues.
• Oversee vendor and contract-related financial activities, including budget tracking, purchase commitments, invoice validation, accruals, consumption analysis, forecast accuracy, and financial reporting for strategic suppliers.
• Develop executive-ready presentations, financial insights, and scenario analyses that support prioritization decisions, resource allocation discussions, and strategic planning activities across the IT organization.
• Building and continuously advancing the IT financial management capability through process standardization, automation, improved analytics and reporting, adoption of best practices, and coaching and guidance to project, program, and portfolio teams on financial planning and stewardship.

Your skills & expertise (Minimum 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 AND 12+ years of experience in financial planning and analysis, budgeting, forecasting, portfolio financial management, technology finance, or related finance leadership roles supporting complex global organizations.

AND

In addition to the above requirements, the following are also required:

• Demonstrated experience owning the annual operating plan, budget, and forecast cycle for a large function, portfolio, or business unit, including establishing planning guidelines, targets, and financial governance standards.
• Experience serving as a trusted financial advisor to senior leadership, with a track record of influencing investment prioritization, funding decisions, cost optimization initiatives, and multi-year planning outcomes.
• Deep expertise in financial modelling, scenario analysis, business case development, capital versus operating expense management, project and portfolio accounting, benefits realization, and financial controls.
• Experience establishing or maturing financial processes, policies, controls, reporting frameworks, and automation across a complex, matrixed organization.
• Advanced proficiency in Excel, ERP platforms (SAP, Oracle, Workday, or equivalent), financial planning tools, and analytics/reporting platforms, with the ability to translate complex financial data into executive-ready insight.

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

• MBA, CPA, CMA, CFA, or equivalent professional qualification.
• Experience supporting large-scale ERP, cloud, infrastructure, cybersecurity, M&A, or digital transformation programs from a financial planning and governance perspective.
• Experience with Power BI, Tableau, Alteryx, Anaplan, Adaptive Planning, or similar analytics and planning platforms.
• Knowledge of vendor financial governance, software licensing economics, contract financial management, and technology investment lifecycle management.
• Experience leading financial planning processes across a global, matrixed organization with multiple stakeholder groups and regional requirements.
• Skills include executive presence, expert-level negotiation and counsel, strategic thinking, structured problem-solving, stakeholder influence, and coaching others.

Work location: Bangalore - Hybrid

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

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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