Senior Financial Analyst
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 This team is responsible for rebates, accruals, balance sheet reconciliations, and reporting for Cardiovascular, Medical Surgical, and Neuroscience Portfolios. The primary responsibility of this Sr. Financial Rebate Analyst role is to support Accrual Management, Balance Sheet Reconciliation, and Reporting /Analysis activities that improve the effectiveness of the US Rebates team across the Cardiovascular, Medical Surgical & Neuroscience portfolios. A large focus is placed on Source Data Accuracy and sharing insightful analysis with our business partners and customers. The secondary responsibility is to contribute and/or represent the department through completion of specific projects as defined in yearly objectives. 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
- Bachelor’s degree plus 4 + years of work experience in finance, accounting and/or pricing
- Experience working with data & analysis tools such as Excel and Business Objects
Nice To Haves
- 4+ years of Medtronic experience in a financial, sales support or analytic role
- Advanced degree
- Strong logic and analysis skills
- Ability to interpret contracting language
- Extensive knowledge of SAP, BOXI, Word, Excel, PowerPoint, Access and a willingness to continue learning
- Demonstrated experience with revenue recognition requirements, accounting flows, balance sheet reconciliations, and financial audits
- Working knowledge of Vistex/SAP rebate software
- Experience with legal terms and conditions
- Work experience in dealing with professionals in various disciplines
- Proven change management skills
- Strong oral and written communication abilities with experience interacting with customers and internal business partners
- Team player that is a self-initiator, highly motivated, and works well with others
- Reliable work ethic and ability to be flexible during peak times
Responsibilities
- Ensure source data accuracy across the Cardiovascular, Medical Surgical, and Neuroscience Portfolios through the completion of weekly accrual audits and alignment between rebate systems (Vistex, ECRS, CMS) and downstream reporting in GSR & other reporting universes
- Support Portfolio Accrual leads in project work & training related to rebate systems and agreement intake best practices
- Create and distribute recurring operational reports including those related to credit, issue logs, membership management, annual true-ups, etc.
- Research and respond to accrual & reporting inquiries utilizing all available reporting and analysis tools
- Prepare actionable balance sheet reconciliations that clearly identify outstanding customer liabilities by contract and settlement period, including remediation of aged items, and collaborating with auditors to explain rebate-related financials
- Represent Rebates team on special projects with business partners including Contracting/Sales, Pricing, Finance, Credit, IT, Systems, etc.
- Support efforts to ensure Bulk Quarter End Deals (QEDs) are loaded timely with accurate accruals
- Serve as backup for teammates on tasks related to accruals, membership, Rebate System enhancements, rebate exception process, etc.
- Utilize analysis and reporting tools including Excel, Power Query, Power Automate, Business Objects, Access, Visual Basic, etc. to support projects and initiatives
- Analyze and understand data and share summarized findings & related insights
- Special projects and support as needed
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)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
