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.

Requirements

• Bachelor's degree and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
• 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.
• The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, 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. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
• 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

• 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.
• 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.
• 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 required 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 required 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

• Competitive Salary and flexible Benefits Package
• 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