Principal Financial Analyst - Portfolio + Finance & Operations

Medtronic•Minneapolis, MN

2d•$108,000 - $162,000•Onsite

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. We are looking for an experienced and accomplished professional to join our team as a Principal Financial Analyst - Portfolio, Finance & Operations. This role is perfect for a recognized expert who excels at managing complex projects, providing impactful financial solutions, and shaping the strategic direction of the organization. As a Principal Financial Analyst, you will take ownership of financial modeling, analysis, and planning to enable data-driven decision-making and drive organizational success.

Requirements

Mastery of financial analysis and modeling, with full knowledge of industry practices.
Required education combined with relevant experience: Bachelor’s degree and minimum of 7 years of relevant experience, or Advanced degree with minimum of 5 years of relevant experience.
Proven ability to manage large projects or processes independently.
Exceptional problem-solving skills, with the ability to develop solutions to moderately complex problems and improve processes, systems, or products.
Strong communication and negotiation skills, capable of influencing decision-making and representing the organization with internal and external stakeholders.
Leadership experience, including coaching, mentoring, and managing the work of other professionals.

Nice To Haves

Broad knowledge of project management principles and practices.
Experience with business development analysis and performance monitoring.
Ability to implement innovative solutions to enhance operational performance.
Skilled in creating impactful financial reports and recommendations.

Responsibilities

Lead enterprise-wide cost optimization strategy across OPC, GOSC burden, tariffs, SOGL, freight, duties, and product support to drive sustainable gross margin expansion, partnering with lead portfolio Operations.
Partner with OU and GOSC finance and operations leaders (with dotted-line oversight) to deliver granular cost transparency, identify reduction opportunities, and execute margin improvement programs.
Own gross margin driver analysis across the strategic planning horizon, including monthly plan vs. actual variance analysis and forecasting of savings realization. Including Pricing, Mix, partnering with OUs to drive GM improvement.
Lead financial performance analysis of top manufacturing sites and develop site-level cost reduction initiatives with operations leadership.
Drive inventory and working capital optimization, including unhealthy inventory actions and transportation mode-shift business cases.
Provide executive-level reporting, recommendations, and governance to ensure cost savings translate into realized financial results.
Develop, maintain, and establish operational specifications for financial information systems, considering factors such as information flow, volume, ad hoc reporting, and analysis.
Lead and manage projects, ensuring successful implementation while adhering to organizational policies and standards.

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
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)