Medtronic

Principal Financial Analyst

Medtronic

full-time

Posted on:

Location Type: Hybrid

Location: Minneapolis • Minnesota • 🇺🇸 United States

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Salary

💰 $108,000 - $162,000 per year

Job Level

Lead

About the role

  • Develop a deep understanding of material purchasing — how volume, inflation, and savings actions translate to financial results — and use that insight to influence business decisions.
  • Partner with Supply Management, Contract Manufacturing Organizations, and Finance teams to develop reporting and processes that manage both P&L and balance sheet impacts of material purchasing.
  • Operate independently as a seasoned individual contributor, using sound judgment to identify and implement solutions.
  • Prepare and present spending analyses, KPIs, manufacturing variance commentary, and forecasts to various levels of management.
  • Partner proactively with stakeholders to analyze trends and investigate anomalies in results.
  • Collaborate cross-functionally in developing the AOP and quarterly forecasts, ensuring cost-down targets and strategic initiatives are clearly understood and consistently applied.
  • Work with OUs and portfolios to increase visibility into material cost drivers and identify opportunities for savings.

Requirements

  • Requires mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience.
  • May have broad knowledge of project management.
  • Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
  • Strong financial analysis and accounting skills.
  • Demonstrated success working in a matrixed organization; strong communication and presentation skills.
  • Experience supporting manufacturing operations and familiarity with cost accounting principles.
  • Experience with OneStream, SAP/3C, Business Objects, and other reporting systems.
  • Global experience in large, complex organizations.
  • Advanced Excel and PowerPoint skills; proficiency with Microsoft Office tools.
  • Strong quantitative and analytical capabilities to develop actionable insights.
  • English fluency required; Spanish proficiency a plus.
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)

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial analysisaccountingcost accountingquantitative analysisanalytical capabilitiesreportingforecastingspending analysisKPI developmentproject management
Soft skills
communicationpresentationcollaborationinfluencingindependent operationsound judgmentstakeholder engagementtrend analysisproblem-solvingmatrix organization experience
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