Principal Financial Analyst - R&D Finance Center of Excellence
About The Position
The Research & Development (R&D) Finance Center of Excellence (COE) provides financial leadership, analytics, and decision support across Medtronic’s R&D organizations. It partners with R&D, business, and finance leaders on investment decisions, portfolio management, resource allocation, forecasting, and long-range planning while promoting consistent financial practices and scalable enterprise capabilities. The Principal Financial Analyst serves as a strategic finance partner supporting R&D portfolios, programs, and enterprise initiatives. The role provides financial planning, forecasting, investment analysis, and decision support to help leaders evaluate priorities, allocate resources, and improve visibility into R&D performance and investments. The position works onsite a minimum of four days per week.
Requirements
- Bachelor's degree and 7+ years of finance or accounting experience, or an advanced degree and 5+ years of finance or accounting experience.
- Experience in financial planning, forecasting, budgeting, financial reporting, and financial analysis.
- Experience developing financial models, scenario analyses, and long-range plans to support business decisions.
- Experience partnering with business leaders and cross-functional stakeholders to support investment or resource allocation decisions.
Nice To Haves
- Bachelor's degree in Finance, Accounting, or Economics.
- Master of Business Administration (MBA), Certified Public Accountant (CPA), or other relevant professional certification.
- Experience supporting R&D, product development, engineering, clinical, technology, or innovation-focused organizations.
- Experience with portfolio management, investment analysis, resource planning, or large-scale R&D programs.
- Experience within the medical device, healthcare, life sciences, or other regulated industries.
- 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
- Partner with R&D and Finance leadership to support portfolio, program, and investment decision-making.
- Lead financial planning, forecasting, reporting, and long-range planning activities for assigned R&D organizations and portfolios.
- Develop and maintain financial models supporting program assumptions, development timelines, resource requirements, milestones, and investment scenarios.
- Analyze financial and operational data to identify risks, opportunities, trends, and performance drivers across R&D investments.
- Provide scenario modeling and business insights to support resource allocation, investment choices, and portfolio prioritization decisions.
- Deliver financial reporting, key performance indicators (KPIs), and analytics to improve visibility into R&D performance and investment outcomes.
- Drive forecasting accuracy, variance analysis, governance activities, and process improvements that enhance financial transparency and decision support.
- Collaborate across Finance and business functions to establish consistent financial standards, methodologies, reporting practices, and scalable capabilities.
Benefits
- Competitive salary and flexible benefits package.
- Short-term incentive through the Medtronic Incentive Plan (MIP).
- Health, dental, and vision insurance for eligible regular employees working 20 or more hours per week.
- Health Savings Account and Healthcare Flexible Spending Account for eligible regular employees working 20 or more hours per week.
- Life insurance and long-term disability leave for eligible regular employees working 20 or more hours per week.
- Dependent daycare spending account and tuition assistance/reimbursement for eligible regular employees working 20 or more hours per week.
- Simple Steps global well-being program for eligible regular employees working 20 or more hours per week.
- Incentive plans for all regular employees.
- 401(k) plan with employer contribution and match for all regular employees.
- Short-term disability, paid time off, and paid holidays for all regular employees.
- Employee Stock Purchase Plan and Employee Assistance Program for all regular employees.
- Non-qualified Retirement Plan Supplement, subject to IRS earning minimums, for all regular employees.
- Capital Accumulation Plan for 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
