Principal Financial Analyst

Medtronic•Minneapolis, MN

11d•$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 The Medical Surgical portfolio has over $1.5B worth of inventory to support the millions of patients served every year. As the Principal Financial Analyst for the Medical Surgical portfolio, the role helps support the end-to-end inventory and SOGL planning and execution for the portfolio and provides financial support and business partnering to Supply Chain and OU leadership to drive financial results (e.g., inventory optimization and strategic inventory/SOGL initiatives for the portfolio). The role includes responsibility for partnering across the greater finance organization (OU and GOSC finance), ensuring/maintaining a strong control environment, creating/analyzing financial performance, leading forecasting/planning, and active engagement/communication with management. 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 as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.

Requirements

Requires a Baccalaureate degree and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.

Nice To Haves

BA/BS in Finance or Accounting with Supply Chain Finance experience
Experience with financial/reporting systems (e.g., SAP, Hyperion/Essbase, OneStream, PowerBI, etc.)
Experience and/or ability to lead and operate within a complex organization and with various levels of management
Strong results orientation and bias for action, including a high degree of initiative and self-motivation in understanding business needs and leading/developing others to meet those needs
Ability to translate ideas and financial results into concise presentations for senior management

Responsibilities

Support financial reporting/close processes, planning, analysis, and cost accounting activity for the Medical Surgical portfolio: Deliver accurate and clear financial results and financial comparisons at period end
Support inventory and SOGL accounting activities and collaboration with the COEs and other portfolios as necessary
Partner with the COEs during the financial forecasting and planning processes (rolling forecasts, LBEs, AOP, strategic plan, etc.)
Manage and/or conduct analysis of financial performance and communication of results and maintain active engagement/partnership with management in improving financial performance
Remain current on key operational projects and activities and incorporate in forecasts, analyses, and target considerations.
Support portfolio strategy modeling and business case evaluation
Complete other ad-hoc and/or standard reporting processes (e.g., programmatic savings) as necessary
Provide business partnering, financial reporting, and decision support to the Global Supply Chain Inventory and Planning team as well as the Medical Surgical portfolio team and maintain integration of the finance function in supporting business activities and the establishment/execution of the strategic direction:
Analyze and interpret financial performance and make recommendations concerning inventory and SOGL to maximize site financial results; establish targets as necessary/appropriate
Partner with Supply Chain and the Medical Surgical portfolio to drive initiatives improving operating performance such as improved inventory health, turns and SOGL metrics
Provide financial leadership and education to Supply Chain and OU partners
Partner with Supply Chain finance teams, COEs, and leadership to drive harmonization and implementation of financial practices, policies, and/or changes across the network.
Support the implementation/maintain internal control procedures, policies, and practices to ascertain proper custody of corporate assets as well as sound, accurate and timely financial reporting.
Ensure that the organization’s financial activities follow corporate policies, good accounting practices, procedures and regulations established by federal and local laws.

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
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)