Principal Financial Analyst at Medtronic in Minneapolis, Minnesota

Job Description:

We anticipate the application window for this opening will close on - 4 Dec 2024

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 will be onsite 3 days in Fridley or Mounds View, MN.

This role is a member of the Global R&D Center of Expertise, which is responsible for driving efficiencies in the R&D Finance space. As a member of the COE, this role will help deliver on Finance objectives by collaborating with OU finance business partners and region/functional finance teams to standardize reporting, optimize resources and develop operational efficiencies.

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.

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

• Serve as functional partner to the CAS Functional Leaders/Core Team Leaders and provide financial analysis and support/creation of financial plans/actions that drive business decisions and results.


• Provide support in financial planning and administration, forecasting, and measurement/understanding of the Annual Operating Plan (AOP), forecasts, and Strategic Plan.


• Execute standard period and quarter end financial close activities and support business reviews through standard and ad-hoc reporting and analyses.


• Provide financial expense reporting and analysis, ensuring spending is within budget and company policies.


• Identify and develop month-end financial reporting efficiencies migrating to Power BI or AI tools.


• Assist in the education and development of business partner financial acumen and reporting tools.


• Drive efficiency/improvement of related finance processes in support of the organization.


• Support and drive analysis of labor rates, supply vs. demand of project charging pool and processing of standard labor hours monthly.

Must Have: Minimum Requirements

• Bachelor's Degree with 7+ years of work experience in Finance or Accounting (5+ years with an advanced degree)

Nice to Have

• Bachelor's degree in Accounting or Finance


• High energy, results-orientated individual with good analytical and problem-solving skills


• Progressive, innovative mind-set with ability to recognize improvement opportunities and ideate the future


• Proven ability to interface in team environment with various levels of management, staff, and other functional areas


• Strong business acumen - Ability to identify business issues/opportunities and to frame business questions; Can operate with a degree of ambiguity and make informed assumptions to fill gaps in data


• Strong organizational and interpersonal skills with interests in building strong relationships


• Executive presence - Capable of being both a process expert and interacting with senior leadership (e.g. Finance Executive Committee, Business Leadership)


• Must be highly motivated and able to work independently, capable of handling multiple requests and deadlines simultaneously


• Flexible and able to adapt to shifting priorities and responsibilities in a dynamic and changing environment


• Strong verbal and written communication skills, including group facilitation experience


• Green, Yellow, Black or Master Black Belt certification


• Bachelor's or master's degree with emphasis in Finance or Accounting


• MBA or CPA

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.