Senior Clinical 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 Senior Clinical Financial Analyst will be a member of the Post Approval Clinical Surveillance (PACS) Operations team and report to the PACS Sr. Clinical Research Manager. You will directly interact and communicate with clinical study team members to provide functional support at the individual contributor and leadership levels. This position will be primarily responsible for collaborating with internal and external stakeholders and deliver financial oversight and support to clinical teams, including cost estimate development, budget forecasting, financial modeling, and budget reconciliation.

The Senior Clinical Financial Analyst will also be responsible for the oversight of the PACS payment and resource management processes and systems. These tasks will include proactively collaborating with clinical study teams and Medtronic Clinical and Regulatory Solutions (MCRS) partners to identify system and process updates, ensure consistency, and provide organizational support.

The position may also lead process improvement efforts associated as it relates to business development, project management, and strategic planning for the department.

Additional responsibilities of the Senior Clinical Financial Analyst may include developing and overseeing clinical strategies for effectively assessing performance related to the ongoing evaluation of product safety and effectiveness following market release, collection/integration and or interpretation of clinical data to generate meaningful and actionable information, managing the timely completion of deliverables, and coordination of activities with clinical affiliates in conformance with applicable federal regulatory requirements.

This position will work under moderate direction or supervision, while collaborating with clinical study teams, internal functions, and external functions extensively.

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

• Development of and updates to the departmental annual operating plan (AOP).


• Oversee monthly and quarterly assessments and forecasts of organization's financial performance against budget, financial and operational goals. Oversee short and long-term financial and managerial reporting


• Partnering with study teams and finance to prepare monthly accruals


• Partnering with finance to reconcile monthly activity, generate year-end reports, and fulfilling other financial requirements


• Collaborating with key MCRS partners to provide continuous budget oversight tasks


• Managing day to day processing of accounts receivable and payable, producing reports as requested


• Managing the PACS payment and resource management systems


• Develop creative financial strategies to address post-market clinical needs while maintaining a high level of scientific rigor and ensuring cost effective solutions


• Drive collaboration and development of high value post-market clinical evidence plans to meet global regulatory, reimbursement, health care economics, and quality needs


• Function as key point of contact for assigned therapies for post-market clinical development support

Must Have: Minimum Requirements

• Bachelor's degree plus 7+ years of experience in clinical research or finance (0r 5+ with an advanced degree)

Nice to Have

• Strong background and work experience in Finance/budget management


• Proficiency in Excel


• Strong communication skills (efficient, effective, transparent)


• Expert knowledge of clinical trials and clinical trial operations


• Expertly build and maintain relationships with business partners


• Strong influence management skills


• Strong customer service skills - including the ability to handle difficult conversation


• Strong Data Analytics Skills


• Strong executer with hands-on mentality, results-driven


• Project management skills and understanding of methodology


• Strong understanding of business and finance principles


• Ability to manage complexity and successfully navigate in a matrix environment


• Ability to identify and adapt to shifting priorities and competing demands, and maintain composure in difficult circumstances


• Ability to motivate and hold individuals accountable to deliverables; ability to achieve objectives and milestones


• Navigate challenging communications diplomatically


• Proficiency of the English language, both written and spoken


• Innovative - not afraid to "think outside the box"

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):$83,200.00 - $124,800.00

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.