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

Team is working hybrid and position can be based in North Haven, CT: Lafayette, CO; Boston, MA; or Minneapolis, MN

In this role, you will join the strategically important Advanced Surgical Technologies (AST) Business Unit (part of the Surgical Operating Unit). This role provides business partnering support to our Marketing team, with a focus on executing the strategies to drive our portfolio. The team member will partner directly with the VP of AST Marketing, providing revenue modeling, expense reporting, and critical business decision analysis. Be a part of a team and business unit taking innovations to our patients and customers!

Medtronic's Surgical Operating Unit brings together the people and product portfolio of AST, General Surgical Technologies (GST), Surgical Robotics, and Digital Technologies. With the Medtronic Mission as our North Star, we will build on our legacy of proven surgical solutions and advance the promise of robotics and digital solutions for the benefit of the customers and patients we serve.

Make your impact by exploring a career with the world's leading Medical Device company, striving " to alleviate pain, restore health, and extend life."

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

• Partner with functional stakeholders within the Operating Unit including the VP of Marketing and Senior Finance Director of AST BU


• Provide financial reporting and forecasting for Marketing leadership team in support of our market leading products, technologies, and services


• Assist in data preparation and analysis for the weekly AST Sales & Operations Execution plan (S&OE) and monthly Integrated Business Planning (IBP) Global Demand Review


• Build and deploy financial models & dashboards to quantity opportunities, prioritize investments, and track progress on key marketing initiatives to drive our products and markets


• Drive consistent use of Market Leadership Council (MLC) tools and processes to improve budgeting and prioritization decisions


• Contribute as a key team member of the AST Finance and broader Surgical Finance organization through various opportunities to drive engagement, inclusion, and innovation


• Build budgets and forecasts for the AST Marketing organization aligned to BU goals and objectives.


• Assist in AST BU strategic decision making through financial modeling, detailed analytics and storytelling through data-driven insights


• Assist with product lifecycle management (phase in/out) strategies through the monthly Portfolio Management Review of the IBP process


• Maintain the annual updates to product sales hierarchy to align our financial planning structure to the organization design


• Responsibilities may include other duties assigned

Must Have: Minimum Requirements

• 7+ years accounting or finance experience with a Bachelor's Degree; or, 5+ years accounting or finance experience with an Advanced Degree

Nice to Have

• Proficient in Microsoft Office Applications - Word, Excel, PowerPoint


• Experience with finance applications such as General Ledger Systems, Cost Accounting Systems, SAP, etc.


• Anaplan


• Power BI


• Enrich


• Hyperion/Essbase/OneStream

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).

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

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.