3M Looking for Health Care Controller – India (New Health Care Company) at Bengaluru, Karnataka Full Time

3M has a long-standing reputation as a company committed to innovation. We provide the freedom to explore and encourage curiosity and creativity. We gain new insight from diverse thinking, and take risks on new ideas. Here, you can apply your talent in bold ways that matter.

Job Description:
3M is establishing two industry-leading companies, creating value through the spin-off of its Health Care business, while 3M will continue to be a global material science leader, focusing our innovation to win in favorable global megatrends and attractive end markets. This new Health Care Company will be a leading global diversified health technology company with:

Proven category leadership

Exposure to attractive end-markets

Innovation mindset driving improved patient outcomes

Collaborative customer relationships

Deep global regulatory experience

Operational excellence and strong cash flow

Strong sales growth and profitability with significant recurring sales

We expect the creation of the two companies will be completed by the 1H2024. For now, we will continue to operate as one global company. This role is positioned to drive the success of the “New Health Care Company”.

The Impact You’ll Make in this Role

As a Country Controller, 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:

Being responsible for the timely and accurate financial statements and reporting, under US GAAP and local Statutory Standards (TFRS)

Ensuring strong internal controls in financial processes covering local country team and GSC (Global Service Center)

Providing guidance to upstream function on full compliance to GFS, SOX and local regulatory requirements

Maintaining uncompromising ethics and integrity, driving compliance mindset in Controllers and upstream functions

Key Responsibilities include:
Responsible for local month end closing activities and transmission of monthly financial statements as per assigned transmission date.

Work closely with the GSC to ensure smooth transition of assigned activities and resolve gaps and challenges.

Strong collaboration with Finance cross stream functions, Treasury, Tax, Audit, EO, to provide guidance on internal controls and compliance to agreed procedures.

Responsible for the accounting of local country Travel and Expenses.

Regular review of Balance Sheet reconciliation to ensure all outstanding items are current, addressing aged items appropriately.

Lead local projects to align with global processes and utilize standard reports and tools.

Provide guidance, training and develop Controllers team.

Ensure zero Primary and Repeat points from Internal audit in Controllers function, and sustenance of the assigned Management Action Plans.

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 in Accounting/Finance

3 to 4 years of work experience in Corporate Accounting & Reporting/Audit/Statutory Financial Closing

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

Experience in collaboration with shared service center and the interdependencies between cross functions

Knowledge of US GAAP, Local Statutory Financial Standards and Corporate Tax Regulations

Knowledge of Exact, MS Office Applications

For current employees, internal transfer restrictions may not apply. For more details, contact your local recruiter/HR team.

Work location: Bangalore

Must be legally authorized to work in 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.

Chat with Max

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Our approach to flexibility is called Work Your Way, which puts employees first and drives well-being in ways that enable 3M’s business and performance goals. You have flexibility in where and when work gets done. It all depends on where and when you can do your best work.

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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