Principal Financial Analyst

Medtronic • Minneapolis, MN

3d • $110,400 - $165,600 • Onsite

About The Position

The Principal Financial Analyst, Service & Repair (S&R), is the finance lead supporting the operational and commercial performance of Medtronic’s global S&R business. Reporting to the S&R Financial Manager, this individual contributor owns the S&R financial management rhythm and translates complex, fragmented inputs into performance insights and actionable recommendations that support forward-looking forecasts. The role partners with S&R operations, commercial leaders, regional finance teams, and functional stakeholders to improve visibility into revenue, expenses, profitability, investment returns, and key business drivers. It combines FP&A discipline with a continuous-improvement mindset and supports a fast-growing global business.

This is an onsite role at least four days per week in Fridley, Minnesota. Relocation is not available.

Requirements

• Bachelor's degree and at least 7 years of relevant experience, or an advanced degree and at least 5 years of relevant experience.
• Demonstrated experience owning planning, forecasting, reporting, and variance-analysis processes for a complex business or function.
• Intermediate financial modeling, business analysis, and problem-solving skills, including the ability to synthesize large and imperfect data sets.
• Ability to develop executive-ready presentations, performance narratives, and recommendations for senior stakeholders.
• Experience embedding AI-enabled analysis, automation, and reporting capabilities to support business needs.
• For baccalaureate degrees earned outside the United States, a degree satisfying the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Nice To Haves

• MBA, CPA, or CFA designation.
• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• At least 7 years of progressive experience in FP&A, strategic finance, or related roles.
• Intermediate Excel skills and proficiency with financial systems and reporting tools such as SAP, Hyperion, OneStream, Anaplan, Power BI, or Tableau.
• Strong communication, collaboration, and influencing skills in a global, matrixed environment.
• Experience with transfer pricing, cost allocation, chargeback, warranty, or profitability analysis.
• Experience in MedTech, healthcare, manufacturing, or another regulated global organization.
• Experience improving financial processes, reporting automation, or data governance.
• Familiarity with AI-enabled productivity, analytics, or enterprise-search tools, such as Glean, and the ability to apply them responsibly in a finance environment.

Responsibilities

• Own and drive the S&R FP&A calendar, leading monthly close, forecasting, Annual Operating Plan (AOP), and Long-Range Planning (LRP) processes; establish timelines, assumptions, governance, and stakeholder accountability.
• Consolidate, analyze, and interpret financial and operational results across regions and functions, identifying performance drivers, emerging risks, growth opportunities, and actions needed to deliver financial commitments.
• Partner with operational and commercial leaders to develop revenue, pricing, volume, capacity, labor, expense, and margin forecasts, including scenario modeling and strategic trade-off analyses.
• Lead financial evaluation and performance tracking of investments and transformation initiatives, ensuring capital deployment, project spending, resource planning, and benefit realization align with strategic objectives and financial commitments.
• Deliver executive-level insights and recommendations that clearly articulate business performance, opportunities, and required actions to senior leadership.
• Design and implement scalable reporting solutions, controls, templates, dashboards, and process improvements to increase transparency, efficiency, and decision-making effectiveness.
• Serve as a trusted advisor to business leaders by challenging assumptions, influencing priorities, driving alignment, and elevating financial rigor.
• Lead complex ad hoc analyses and strategic projects that support growth, profitability, and operational performance.
• Adapt to changing business needs, identify solutions, and ensure execution against evolving priorities.
• Develop and enhance standardized KPIs, dashboards, and financial reporting tools to improve visibility, accountability, and performance management across the S&R organization.

Benefits

• Competitive salary and flexible benefits package.
• Short-term incentive through the Medtronic Incentive Plan (MIP).
• Health insurance.
• Dental insurance.
• Vision insurance.
• Health Savings Account.
• Healthcare Flexible Spending Account.
• Life insurance.
• Long-term disability leave.
• Dependent daycare spending account.
• Tuition assistance/reimbursement.
• Global well-being program (Simple Steps).
• Incentive plans.
• 401(k) plan with 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 for Vice Presidents and above, or subject to IRS earning minimums.

What This Job Offers

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