Principal Financial Analyst
About The Position
Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact. A Day in the Life 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 onsite 4 days a week as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. The person in this role will work from the Medtronic Operational HQ facility located in Fridley MN. This role will require up to 10% of travel to enhance collaboration and ensure successful completion of projects. The Principal Financial Analyst serves as a key financial leader supporting a portfolio of strategic GO&SC initiatives totaling approximately $0.7B in active investments. The role drives financial planning, forecasting, governance, and performance management from project inception through closeout. Partnering closely with project managers and cross-functional leaders, this individual will shape investment decisions, deliver actionable financial insights, mitigate risks, champion financial accountability, and ensure projects achieve targeted business outcomes. The role will also establish reporting standards, enhance portfolio visibility, and strengthen governance processes to improve predictability, transparency, and value realization across the organization.
Requirements
- 7+ years of experience with a bachelor’s degree or 5+ years of experience 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.
- The employee is regularly required to be independently mobile.
- The employee is also required to interact with a computer, and communicate with peers and co-workers.
- U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.
Nice To Haves
- Collaborator with excellent verbal and written communication skills
- Comfort with ambiguity and change management
- Active team member that will implement change, improve visibility, and drive impactful results across the GO&SC organization
- Strong financial modeling, analytical, and critical thinking skills including a proven ability to translate financial data into actionable insight
- Exposure to Operations and/or accounting for Operations
- Experience in navigating and working within a matrix organization
- Experience with Medtronic financial systems including SAP, One Stream, and Planisware
- Cost Accounting Experience
- Solid accounting (GAAP), financial and business management foundation
- Proficient in Microsoft Excel, Word, PowerPoint
Responsibilities
- Partner directly with strategic project managers to identify, assess, and escalate financial risks and opportunities, quantify business impacts, and drive projects to successful execution and value realization.
- Influence key business decisions by delivering actionable financial insights, developing robust business cases, validating savings opportunities, and ensuring alignment with financial policies and objectives.
- Lead continuous improvement initiatives that streamline reporting, enhance financial transparency, and increase focus on value-creating activities across the project portfolio.
- Own and execute month-end financial processes, including WBS and cost center management, expense reclassifications, financial reconciliations, consolidation activities, and SAP/Planisware data integrity reviews.
- Drive annual strategic planning, capital prioritization, budgeting, forecasting, and financial performance tracking to support organizational goals and investment decisions.
- Develop and deliver clear, compelling financial presentations and executive-level insights for Monthly Financial Reviews, Quarterly Business Reviews, and program governance forums.
- Collaborate across Manufacturing Platforms, Enterprise Operations FP&A, and Strategy & Technology teams to ensure financial alignment, accountability, and execution of approximately $700M in strategic initiatives.
- Establish disciplined governance, standard reporting practices, and performance metrics that improve predictability, accountability, and transparency across the project portfolio.
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
