Principal Financial Analyst at Medtronic in Minneapolis, Minnesota

Job Description:

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

The Principal Financial Analyst role within the US Enterprise Accounts and Service (US EA&S) Finance team will partner with the US Enterprise Accounts & Specialty Channels commercial team to drive improved margins, growth, market share, and enhancing the customer experience for the largest customers in the US. This position will provide analytical insights and business decision support to the Finance Director of US EA&S and associated VP's and direct leadership teams of the Enterprise Account & Specialty Channels Sales organization. This position will assist the AOP (Quota) process, reporting and deep dive analytics, and provide key financial insights on operating and strategic plans to generate an appropriate financial return; generates forecasts and analyzes trends in sales, gross margin, and selling, marketing and administrative cost structures.

We believe that when people from different cultures, genders, and points of view come together, innovation is the result - and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive.

Team is working hybrid and will be onsite 3-4 days/week.

Responsibilities may include the following and other duties may be assigned.

• Coordinate the AOP (Quota) process for the EA&S sales organization.


• Generate quarterly forecasts and manage the financials to ensure achievement of key performance metrics.


• Review monthly, quarterly, and annual financial performance versus plan and forecast.


• Complete deep dive analysis and reporting required by business including Quarterly Business reviews (QBR's), Monthly Financial Reviews (MFRs) and various ad hoc analysis.


• Identify risks, opportunities, and gaps to forecast and plan. Identify and recommend corrective action plans to mitigate key risks.


• Support the company's growth plan by analyzing and reporting performance of growth initiatives and identifying key performance indicators.


• Partner and support the Sales Finance COE on expense reporting, forecasting and planning at a cost center level.


• Performs and analyses financial modeling, economic research, trends and studies subjects such as rates of return, depreciation, working capital, cash flow, investments, and cost against budget, variance analysis, forecasting, financial planning, and strategic plans


• Special projects including, but not limited to, financial analysis and modeling related to proforma assessment with alternate sites growth opportunities and support Specialty Channels growth initiatives.

Must Have: Minimum Requirements

• Bachelor's Degree with 7+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 5+ years)

Nice to Have

• 5+ years of Financial planning and analysis experience


• Broad knowledge of various financial disciplines, including Commercial Finance support


• Strong business acumen, ability to negotiate and influence decision making.


• Analytical, Interpersonal, Organizational, and Project Management exposure


• Successfully deal with Ambiguity and Change, Comfort Around Higher Management, and Presentation skills


• Experience with Proforma modeling, ROI and risk assessment


• Experience working in a large multi-national environment


• Ability to analyze and identify key issues, convey results and present alternatives in a concise manner to Senior Management


• Broad understanding of the business and processes and able to make necessary linkages of business factors to the impact on plan and results


• Advanced experience with MS Excel and Database tools


• Experience with SAP, Boxi, Tableau, Power BI

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

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.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):$103,200.00 - $154,800.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 90,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

At Medtronic, most positions are posted on our career site for 3-7 days.