Principal Financial Analyst

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 We are seeking a Principal Financial Analyst to join our Enterprise Operations Finance team. This role is designed to lead strategic financial initiatives, including business case development, forecasting, and analytical processes. The position plays a critical role in delivering on financial commitments while driving continuous improvement, standardization, and efficiency across a strategic portfolio. 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 (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. Relocation assistance is not available for this position

Requirements

• Bachelor's degree and minimum of 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.

Nice To Haves

• Is a collaborator with excellent verbal and written communication skills
• Comfort with ambiguity and change management
• Strong ability to partner with senior leadership and others, facilitates decision-making activities, builds relationship networks at all levels, and leads change
• Strong analytical and critical thinking skills including the ability to identify key trends and drivers and the proven experience translating financial data into meaningful, concise information
• Strong quantitative and analytical skills for creating actionable insights and analysis
• Expertise in Microsoft Office, especially advanced Excel modeling experience and PowerPoint. This includes creating pivot tables, VLOOKUPS, SUMIFS, NPV/IRR, and other complex functions
• Experience operating in a complex matrixed environment and interacting across levels and organizations
• Good judgment, problem-solving skills, tact, and discretion in identifying and resolving issues within established guidelines
• Strong communication, interpersonal, and influence management skills
• MBA or Advanced Degree
• Operations Finance experience
• Cost Accounting experience
• Experience with Medtronic financial systems
• 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

• Lead and support strategic financial projects, including business case development and investment analysis
• Critical thinking and analysis required to challenge cost and savings assumptions
• Partner with cross-functional teams to provide financial insights and decision support
• Develop and maintain financial models, trends, and study subjects such as rates of return, working capital, cash flow, investments, etc.
• Drive, implement, and support continuous improvements in reporting processes to focus on value creation activities.
• Support annual strategic planning, budgeting, and forecasting processes.
• Prepare presentations of financial results for Monthly Financial Reviews, Quarterly Business Reviews, and Program reviews.

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, and 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), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

What This Job Offers

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