Principal Financial Analyst
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 This position serves as a key member of the Global Operations and Supply Chain (GOSC) FP&A team, supporting the lead for the Mfg Support cost pool within the Global Manufacturing Network. The role partners most closely with our global manufacturing finance organization to centralize and standardize our reporting, forecasting and analysis processes. This role is critical to deliver on the financial commitments, and continuously drive improvements, standardization, and efficiencies within our FP&A processes. The successful candidate will partner with GOSC finance and cross-functional leadership to enhance the processes and tools which report, analyze, forecast and animate our GOSC financial performance. 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 4-5 days a week onsite (Fridley, MN) as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. No relocation assistance is available for this role. A Day in the Life Business partnering: Develop working relationships and regular connection points with business partners across assigned manufacturing sites. Cost Center Support: Plan headcount and other natural expenses for manufacturing support cost centers at assigned manufacturing sites. Maintain cost center structure, work with business partners to provide support in making trade-off decisions to achieve targets, monitor financial results, and ensure appropriate accounting at period end. Management reporting: Support the preparation and presentation of Enterprise Operations analysis, Key Performance Indicators (KPIs), financial performance commentary, and forecasting to various levels of management. Process Improvement: Play a role in process improvement initiatives as determined by the team and business partners. Ad hoc analysis and projects: Support evolving initiatives in alignment with Enterprise Operations priorities and to provide enhanced understanding of financial performance, research anomalies and build processes. Prepare and present spending analyses, KPIs, manufacturing variance commentary, and forecasts to various levels of management Partner proactively with stakeholders to analyze trends and investigate anomalies in results.
Requirements
- Bachelor’s degree required
- 7+ years relevant experience (5+ years with an Advanced degree)
- 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
- Strong ability to partner with senior leadership and partner through others, facilitates decision-making activities, builds relationship networks at all levels, and leads change
- Strong financial analysis and accounting skills
- Is a team player in a matrix structure
- Working experience supporting Manufacturing and familiarity with cost accounting principals
- Strong communication skills and excellent interpersonal skills
- Strong quantitative and analytical skills for creating actionable insights and analysis
- Experience with Medtronic financial systems: SAP, OneStream & Business Objects
- Experience with Microsoft Office tools including Excel, PowerPoint, and Word
Responsibilities
- Develop working relationships and regular connection points with business partners across assigned manufacturing sites.
- Plan headcount and other natural expenses for manufacturing support cost centers at assigned manufacturing sites.
- Maintain cost center structure, work with business partners to provide support in making trade-off decisions to achieve targets, monitor financial results, and ensure appropriate accounting at period end.
- Support the preparation and presentation of Enterprise Operations analysis, Key Performance Indicators (KPIs), financial performance commentary, and forecasting to various levels of management.
- Play a role in process improvement initiatives as determined by the team and business partners.
- Support evolving initiatives in alignment with Enterprise Operations priorities and to provide enhanced understanding of financial performance, research anomalies and build processes.
- Prepare and present spending analyses, KPIs, manufacturing variance commentary, and forecasts to various levels of management
- Partner proactively with stakeholders to analyze trends and investigate anomalies in results.
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)
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
