Principal Business Analyst - Defibrillation Solutions

Medtronic • Minneapolis, MN

1d • $120,800 - $181,200 • Onsite

About The Position

The Defibrillation Solutions (DS) business, part of the Electrophysiology Therapies Operating Unit, encompasses foundational Medtronic businesses like the Implantable Cardioverter Defibrillator (ICD) and Cardiac Resynchronization Therapy Defibrillators (CRT-D). This portfolio is a significant revenue contributor with a global presence and growth potential. Medtronic is committed to bringing bold ideas forward with speed and decisiveness to prioritize patients. This role operates with a minimum of 4 days a week onsite to foster professional growth and cross-functional collaboration. The Commercial Marketing organization within the DS business is seeking a driven and commercially-minded Principal Business Analyst to support the DS portfolio. This analyst will aid the team in making timely, data-driven business decisions by deeply understanding internal and external data sources, analyzing datasets for critical insights, and making proactive recommendations to leadership. The role also supports high-priority commercial initiatives through program/launch management and collaboration with US field and global partners. The scope includes commercial, market, competitive, and operational topics, offering exposure to diverse business priorities and enhancing business acumen. The analyst will partner with cross-functional teams including sales, marketing, market development, finance, sales operations, Integrated Business Planning, and IT. This role is ideal for a dynamic, commercially-minded analyst passionate about impacting individuals with cardiac implantable electronic devices (CIEDs).

Requirements

• Medical Device or healthcare industry experience
• Bachelor’s degree with a minimum of 7 years of relevant experience in business analytics, commercial strategy, financial analysis, analytical marketing, and/or data mining, or Advanced degree with 5 years relevant experience in business analytics, financial analysis, analytical marketing, and/or data mining
• Solid data analytics and data mining skills
• Experience with: Sales Force, Tableau, Snowflake, Power BI/Business Objects, Financial Models and Microsoft 365 required
• Proven IT and Business Analyst experience
• For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Nice To Haves

• Knowledge of Cardiovascular/Diagnostic international markets, customers, and products helpful
• Has worked in or with geographies outside of the United States
• Product planning, market research, sales analytics, financial modeling and/or sales operations experience
• Advanced degree in the field of science, engineering, math or statistics
• Program and project management experience
• Strong project management skills, accountability to meeting timelines
• Ability to revise existing systems and suggest improvements
• Ability to quickly troubleshoot software problems
• A strategic and analytic thinker
• Business-mindset, customer-oriented approach

Responsibilities

• Integrate data across IT systems (Tableau, Salesforce.com, SAP, etc.) related to physician training status, implants, purchase orders, regional reporting, etc.
• Ensure data integrity through data audits and validation across systems and stakeholders (marketing, sales, medical education, customer service, etc.)
• Develop optimized dashboards using inputs from differing data sources; continuous improvement in reporting and customer segmentation is future state
• Establish automated reporting mechanisms for increased efficiencies
• Assist in financial modeling to identify insights that lead to data driven decisions
• Utilize strong analytical and quantitative skills to integrate broad corporate/divisional business performance needs into franchise level decision-making and strategic planning; Implements marketing strategy processes and sharing knowledge about those processes.
• Participate in cross-functional, cross-divisional data integration projects
• Track competitive business activities that enable product marketing and marketing development teams to develop informed portfolio strategies and commercial tactics.
• Demonstrate strong business instincts, problem-solving skills, and organizational capabilities to communicate and influence effectively.
• Owner of analytical commercial, market, and competitive insights, shaping the path for the business to become solidly data-driven.
• Analyze complex business problems and issues using data from internal and external data sources to provide insight to decision-makers.
• Produce datasets and reports for analysis using system reporting tools.
• Identify trends and patterns in datasets to locate actionable insights.
• Provide recommendations and strategic/tactical plans based on internal business insights, competitor activity, industry dynamics and market knowledge.
• Provide consultation to cross-functional teams, including the field, to enhance decision-making and business reporting / dashboards.
• Create templates and specifications for reports and analysis based on business needs and required or available data elements.
• Contribute to program management of high priority strategic initiatives

Benefits

• Health, Dental and vision insurance
• Health Savings Account
• Healthcare Flexible Spending Account
• Life insurance
• Long-term disability leave
• Dependent daycare spending account
• Tuition assistance/reimbursement
• Simple Steps (global well-being program)
• Incentive plans
• 401(k) plan plus employer contribution and match
• Short-term disability
• Paid time off
• Paid holidays
• Employee Stock Purchase Plan
• Employee Assistance Program
• Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
• Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)

What This Job Offers

• Job Type: Full-time
• Career Level: Principal