IT Finance Business Analyst

IT Finance Business Analyst

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).

• Three (3) 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:

• Five (5) years of 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:

• 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

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.

Chat with Max

For assistance with searching through our current job openings or for more information about all things 3M, visit Max, our virtual recruiting assistant on 3M.com/careers