Principal Financial Analyst

Medtronic•Minneapolis, MN

2d•$110,400 - $165,600•Onsite

About The Position

Join the Sales Finance COE Team at Medtronic, a leading medical device company. This role supports unique Operating Units within Cardiovascular, Neuroscience, and Medical Surgical portfolios, as well as Global Commercial Operations. The Principal Financial Analyst will provide financial planning, forecasting, reporting, and analysis for the Neuromodulation US Sales Organizations. This position offers the opportunity to collaborate with key stakeholders across various functions, including Sales Finance, Operating Unit CFOs, National Sales Leadership, Sales Compensation, and Total Rewards. The team is committed to delivering standardized, sustainable, and best-in-class Financial Planning & Analysis (FP&A) support to help the business unlock its full potential. Medtronic is driven by its Mission to alleviate pain, restore health, and extend life. This role is crucial in shaping strategies that impact lives and contribute to the future of healthcare. The company emphasizes in-person collaboration, with a minimum of 4 days a week onsite, to foster professional growth and cross-functional teamwork.

Requirements

Bachelor's Degree
7+ years of work experience in Finance and/or Accounting or an Advanced Degree with 5+ years of experience

Nice To Haves

Bachelor's Degree in Finance or Accounting
Experience in Financial Planning & Analysis (FP&A), including revenue and expense analytics
Strong analytical skills and the ability to identify key trends and drivers
Excellent communication and presentation skills, with the ability to translate financial data into clear, actionable insights for management
Strong organizational and time management skills, with the ability to manage multiple tasks and changing priorities
Expertise in using systems and data to provide insightful analysis and implement actionable recommendations
High level of business acumen and the ability to influence stakeholders at various levels of the organization
Ability to work independently and self-motivate with limited oversight
Experience managing projects that require high collaboration across teams and building relationships
Familiarity with Medtronic financial systems, including SAP, Onestream, Essbase and Hyperion.
Advanced proficiency with Microsoft Office tools such as Excel, PowerPoint, and Word.
An MBA or CPA designation is a plus.

Responsibilities

Support US Sales Organizations by performing financial planning, forecasting, and reporting of expenses.
Prepare and present monthly analysis, commentary, and forecasts, identifying key drivers, performance metrics, risks, and opportunities for leadership.
Develop and maintain standardized reporting and analytics to streamline processes across all Operating Units.
Collaborate with Operating Unit finance teams to develop the annual operating plan and re-occurring forecasts.
Partner with Total Rewards on annual compensation design meetings, identifying key metrics, modeling cost impacts, and calculating quarterly commissions expense.
Provide critical analysis to identify actions that close expense gaps and ensure financial targets are met.
Manage all aspects of US sales cost centers, including planning, forecasting, and maintaining the cost center structure.
Work with the Sales Systems team to optimize system tools and reporting.
Use insights and data to drive continuous process improvements.
Maintain strong working relationships with key functions, including Operating Unit Finance, Total Rewards, Sales Compensation, and Financial Systems.