Principal Financial Analyst - Kim B
Medtronic•Minneapolis, MN
•Hybrid
About The Position
This position serves as a valuable member of the Global Operations and Supply Chain (GOSC) FP&A team, working cross functionally to understand and explain Gross Margin drivers specific to the Medical Surgical Portfolio Operating Units (OUs). This position is critical to enable sustainable gross margin expansion while adding value through superior business partnering. This role will be onsite 4 days/week and one day remote. There is no relocation assistance available for this position.
Requirements
- Bachelor's degree and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
- Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP).
- Proven experience leveraging SAP, BPCS, Hyperion Spend, CMR, or similar enterprise systems to drive financial insights and business performance.
- Strong analytical, financial modeling, and problem-solving capabilities with the ability to influence outcomes through data-driven recommendations.
Nice To Haves
- MBA, CPA, and/or CMA certification preferred.
- Working knowledge of Project Accounting and financial controls.
- Experience partnering with operations teams within a manufacturing environment to improve financial and operational performance.
- 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.
Responsibilities
- Develop a deep understanding of product costs and key drivers of cost
- Gather historical information and summarize data to highlight gross margin trends
- Work cross functionally to collaborate and align strategies across GOSC and the Medical Surgical Portfolio teams
- Lead OU presentation of the GOSC impact on Gross Margin analysis and provide financial performance commentary to various levels of management
- Partner cross functionally in support of the AOP and quarterly forecasts, to ensure forecasts are accurate by OU and allocations/targets are clearly understood and consistently applied
- Work with OUs and Portfolio to increase visibility to cost drivers within the cost pools and identify opportunities for cost savings
- Lead cost roll reconciliation for specific OUs within the MedSurg Portfolio, summarize impact of cost changes and review impact with cross functional teams
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)
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What This Job Offers
Job Type
Full-time
Career Level
Principal
