Manager, Portfolio Execution

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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.

Position Summary

The Manager of Portfolio Execution will facilitate the planning and execution of acquisitions and divestitures. As part of the Strategy & Corporate Development organization, this role is critical to ensuring seamless integration / separation planning and execution across the business and all functional teams. As member of the central IMO or SMO, this role will support alignment, governance, and operational excellence to achieve transaction milestones and value creation. Responsibilities will include the following:

Acquisition Integration Planning & Execution:

• Coordinate integration and separation activities across functional teams with a focus on value creation and business continuity
• Support the development and maintenance of detailed integration and separation plans, timelines, milestones and deliverables
• Support the planning, execution and monitoring of integrations, ensuring acquisitions achieve deal model metrics and key milestones
• Track progress against key milestones and identify risks, dependencies, and issues requiring resolution or escalation
• Support governance processes, including steering committees and functional and workstream leadership
• Be a strong carrier of the Solventum brand and values in engagement with deal partners

Cross-Functional Collaboration:

• Establish a strong working relationship with the business (Sales, Marketing, R&D etc.) and functions (Finance, Global Supply Chain, Regulatory, Quality, HR, IT, etc.) to:
  • Create a clear plan for execution (integration / separation master tracker)
  • Identify and track interdependencies, key risks, roadblocks, or lacking alignment early and provide visibility to leadership
  • Help drive accountability for milestone achievement
• Provide tools, templates, and thought leadership to facilitate effective processes

Communication:

• Excel at verbal and written communication with program stakeholders at peer level and above
• Support development of clear communication of integration / separation planning, jointly with Communications and other functions
• Facilitate and prepare information sharing between functional teams and with executive leadership
• Assist in preparation of materials for governance reviews, steering committees, and executive updates

Performance Tracking:

• Track and monitor KPIs and milestones for integration success
• Support quarterly report creation for Executive Leadership Team on progress toward goals and mitigation plans when off track
• Contribute to integration post-mortems and incorporate lessons learned into playbook and processes

Applicable to US Applicants Only:The expected compensation range for this position is $163,200 - $224,400, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate’s relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

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, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.

Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

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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Who we are

A new healthcare company with a rich history. With more than 70 years of delivering healthcare innovations, we continue to move the industry forward by helping to solve our customers’ biggest challenges.

Our workforce

20,000+ employees worldwide. Solventum relies on the courage and the boundless insights of professionals worldwide to achieve exceptional results for our customers and those who rely on them. Healthcare that leads with heart and humility starts with listening and never finishes, only evolves. As long as healthcare challenges remain unsolved, we will be here, united by empathy and a relentless belief that countless lives are improved through our work.

Our impact

Operations in 38 countries. Driven by our dedication to improved outcomes for all we serve, we break through by making unprecedented connections that impact lives. In more than 300 offices and facilities around the world, we work closely with customers and partners to create positive healthcare outcomes that transcend borders. To realize our shared vision, we harness diverse talents and perspectives from every background to not only address our customers' most urgent priorities but anticipate the needs of the future