IT Finance & Planning Manager at Solventum in IN, Bangalore Kar

Job description

• The Impact You’ll Make in this Role

Responsibilities

• 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.

Requirements

• 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.
• 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.

Skills

Required

• Advanced proficiency in Excel
• Financial planning tools
• Analytics/reporting platforms
• Financial modelling
• Scenario analysis
• Business case development
• Project and portfolio accounting
• Benefits realization
• Financial controls

Preferred

• Power BI
• Tableau
• Alteryx
• Anaplan
• Adaptive Planning
• Vendor financial governance
• Software licensing economics
• Contract financial management

Benefits

• 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