Senior Financial Analyst
About The Position
The Senior Financial Analyst (SFA) is an established individual contributor within the R&D Finance Center of Excellence (CoE), supporting the Cranial & Spinal Technologies (CST) R&D organization within the Neuroscience portfolio. This role provides financial planning and analysis support across CST R&D capital investments and Infrastructure cost centers, while also supporting related areas such as TDC and Facilities. The SFA partners closely with CST R&D Infrastructure leadership, finance teams, and cross-functional stakeholders to develop financial plans, deliver accurate reporting and variance analysis, and provide insights that support effective decision-making and financial discipline across the organization. This role plays an important part in managing the financial lifecycle of R&D capital investments, maintaining cost center financial transparency, and ensuring strong financial controls and reporting. 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 with 4+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 2+ years)
Nice To Haves
- Bachelor’s degree in Finance, Accounting, or related field; CPA/MBA preferred.
- 3+ years of relevant financial analysis experience, ideally in an R&D or manufacturing environment.
- Advanced proficiency in Excel and experience with SAP, OneStream, or comparable ERP/forecasting tools.
- Strong understanding of GAAP/IFRS accounting standards.
- Demonstrated ability to drive process improvements and manage multiple priorities.
- Exceptional communication and presentation skills.
- Experience with labor costing, timesheet systems, and financial system integrations.
- Familiarity with master data management and audit requirements.
Responsibilities
- Lead planning, forecasting, and analysis for CST R&D capital spending across the Annual Operating Plan (AOP) and Latest Best Estimate (LBE) cycles.
- Prepare and manage capital actuals reporting and support the preparation of capital forecasts and LBEs in partnership with business stakeholders.
- Monitor capital spending, perform variance analysis, identify key drivers, and provide forward-looking insights and recommendations.
- Maintain and manage the Capital in Progress (CIP) project list, including creating new capital projects, monitoring project progress, and ensuring accurate financial tracking.
- Support the full capital lifecycle, including project setup, monitoring capital spend, and placing completed projects into service.
- Estimate and monitor depreciation expense associated with capital investments.
- Partner with CST R&D Infrastructure leadership to develop and maintain cost center financial plans across AOP and LBE cycles.
- Monitor Infrastructure spending against plan and provide clear variance explanations, risks and opportunities, and recommended actions.
- Provide financial reporting and transparency for non-project Infrastructure spending to support effective financial management.
- Provide financial support and analysis for related areas such as TDC and Facilities as needed.
- Support monthly, quarterly, and annual close processes related to capital and infrastructure spending, including journal entries, accruals, reconciliations, and reporting.
- Ensure adherence to finance policies, internal controls, and data quality standards.
- Apply R&D Finance CoE standards, tools, and best practices to promote consistency, efficiency, and high-quality financial insights across supported areas.
- Build strong partnerships with R&D leaders, Infrastructure stakeholders, and finance partners to support sound financial decision-making.
- Perform other ad-hoc analysis and responsibilities as assigned.
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
