Cost Productivity Specialist

Job Description Job Title

Cost Productivity Specialist

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 3

Mers.

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

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

• 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.

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