Principal Financial Analyst

Medtronic • Minneapolis, MN

1d • $110,400 - $165,600 • Onsite

About The Position

The Principal Financial Analyst, Service & Repair (S&R), serves as 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 role owns the S&R financial management rhythm, translating complex and fragmented inputs into clear performance insights and actionable recommendations that support forward-looking forecasts. The role will partner closely 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. The successful candidate will combine strong FP&A discipline with a practical continuous-improvement mindset. This is a unique opportunity to be a part of the fast growing, global S&R business growing double digit topline/bottom line and on track to double revenue in 5 years. 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 4-5 days a week onsite 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 role.

Requirements

• Bachelor's degree and minimum 7 years of relevant experience, or advanced degree with a minimum of 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, with the ability to synthesize large and imperfect data sets.
• Intermediate Excel skills and proficiency with financial systems and reporting tools such as SAP, Hyperion, OneStream, Anaplan, Power BI, or Tableau.
• Proven ability to develop executive-ready presentations, performance narratives, and recommendations for senior stakeholders.
• Strong communication, collaboration, and influencing skills in a global, matrixed environment.
• Ability to manage multiple priorities, operate with urgency, and independently drive work through ambiguity.
• Ability to work in a very complex matrix structure
• Ability to organize very scattered inputs into financial insights
• Able to deep dive into details but also lift into executive level talk track
• Comfortable with gray area
• Initiative and Self-Starter
• Analytical problem-solving and critical thinking
• Speed and decisiveness being key to success
• Ownership and accountability
• Continuous improvement mindset
• Business and commercial acumen
• Collaboration and relationship building
• Organization and prioritization skills
• 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.

Nice To Haves

• MBA, CPA, or CFA designation.
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• 7+ years of progressive experience in FP&A, strategic finance, or related roles.
• Proven experience with embed AI-enabled analysis, automation, and reporting capabilities to support business needs
• 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 an 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 while establishing timelines, assumptions, governance, and accountability across stakeholders.
• Consolidate, analyze, and interpret financial and operational results across regions and functions, proactively identifying performance drivers, emerging risks, growth opportunities, and actions to deliver financial commitments.
• Influence business decisions by partnering 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 actions to senior leadership.
• Accelerate financial excellence by designing and implementing scalable reporting solutions, controls, templates, dashboards, and process improvements that increase transparency, efficiency, and decision-making effectiveness.
• Serve as a trusted advisor to business leaders, challenging assumptions, influencing priorities, driving alignment, and elevating financial rigor across the organization.
• Lead complex ad hoc analyses and strategic projects that unlock growth, improve profitability, and strengthen operational performance.
• Adapt quickly to changing business needs, proactively identifying solutions and ensuring execution against evolving priorities.
• Develop and continuously enhance standardized KPIs, dashboards, and financial reporting tools that increase visibility, accountability, and performance management across the S&R organization.

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)

What This Job Offers

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