Senior Financial Analyst

Medtronic

Senior Financial Analyst providing financial planning and analysis for R&D capital investments at Medtronic. Collaborating with stakeholders on financial reporting, budgeting, and transparency.

Posted 5/28/2026full-timeMinneapolis • Colorado, Minnesota • 🇺🇸 United StatesSenior💰 $88,000 - $132,000 per yearWebsite

Tech Stack

Tools & technologies

ERP

About the role

Key responsibilities & impact

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.

Requirements

What you’ll need

Bachelor’s Degree with 4+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 2+ years)
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.
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.

Benefits

Comp & perks

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)

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

financial analysiscapital forecastingvariance analysisdepreciation expense estimationfinancial reportingjournal entriesaccrualsreconciliationsprocess improvementslabor costing

Soft Skills

communication skillspresentation skillsability to manage multiple prioritiespartnership building

Certifications

Bachelor's DegreeCPAMBA