Principal Financial Analyst - R&D Finance Center of Excellence

Medtronic•Fridley, MN

1d•$110,400 - $165,600•Onsite

About The Position

The R&D Finance Center of Excellence provides financial leadership, analytics, and decision support across Medtronic’s Research & Development organizations. It partners with R&D, business, and finance leaders on investment decisions, portfolio management, resource allocation, forecasting, and long-range planning, while promoting consistent financial practices and scalable enterprise capabilities. The Principal Financial Analyst serves as a strategic finance partner supporting R&D portfolios, programs, and enterprise initiatives. The role provides financial planning, forecasting, investment analysis, and decision support to help leaders evaluate priorities, allocate resources, and improve visibility into R&D performance and investments. The position requires working onsite at least four days per week. The role is based on the general nature and level of work described in the posting; the responsibilities and skills listed are not exhaustive. Office work involves regular independent mobility, computer use, and communication with peers and coworkers. Reasonable accommodations may be made for qualified individuals with disabilities. The anticipated application window closes November 3, 2026. The U.S. salary range, excluding Puerto Rico and certain California locations, is $110,400–$165,600. The role is eligible for the Medtronic Incentive Plan. Medtronic describes a competitive salary and flexible benefits package; benefits vary by employee eligibility and location. U.S. work authorization sponsorship is offered for Principal-level roles and above, subject to the stated workforce planning approach.

Requirements

Bachelor's degree and at least 7 years of finance or accounting experience, or an advanced degree and at least 5 years of finance or accounting experience.
Experience in financial planning, forecasting, budgeting, financial reporting, and financial analysis.
Experience developing financial models, scenario analyses, and long-range plans to support business decisions.
Experience partnering with business leaders and cross-functional stakeholders to support investment or resource allocation decisions.
For baccalaureate degrees earned outside the United States, a degree satisfying the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Nice To Haves

Bachelor's degree in Finance, Accounting, or Economics.
Master of Business Administration (MBA), Certified Public Accountant (CPA), or another relevant professional certification.
Experience supporting R&D, product development, engineering, clinical, technology, or innovation-focused organizations.
Experience with portfolio management, investment analysis, resource planning, or large-scale R&D programs.
Experience in the medical device, healthcare, life sciences, or another regulated industry.

Responsibilities

Partner with R&D and Finance leadership to support portfolio, program, and investment decision-making.
Lead financial planning, forecasting, reporting, and long-range planning for assigned R&D organizations and portfolios.
Develop and maintain financial models covering program assumptions, development timelines, resource requirements, milestones, and investment scenarios.
Analyze financial and operational data to identify risks, opportunities, trends, and performance drivers across R&D investments.
Provide scenario modeling and business insights to support resource allocation, investment choices, and portfolio prioritization.
Deliver financial reporting, key performance indicators, and analytics to improve visibility into R&D performance and investment outcomes.
Drive forecasting accuracy, variance analysis, governance activities, and process improvements that enhance financial transparency and decision support.
Collaborate across Finance and business functions to establish consistent financial standards, methodologies, reporting practices, and scalable capabilities.

Benefits

Competitive salary and flexible benefits package.
Health insurance.
Dental insurance.
Vision insurance.
Health Savings Account.
Healthcare Flexible Spending Account.
Life insurance.
Long-term disability leave.
Dependent daycare spending account.
Tuition assistance or reimbursement.
Simple Steps global well-being program.
Incentive plans, including eligibility for the Medtronic Incentive Plan.
401(k) plan with 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 for Vice Presidents and above, or subject to IRS earning minimums.