Full-Time

Principal Financial Analyst

Fp&a

Posted on 12/13/2024

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$103.2k - $154.8kAnnually

Senior

Minneapolis, MN, USA

Hybrid position requiring onsite presence 3 days/week at Rice Creek campus.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SAP Products
Requirements
  • Bachelor’s Degree with 7+ years of work experience in Finance and/or Accounting (5+ years with an Advanced degree)
  • BA/BS degree in Accounting and/or Finance
  • CPA, CFA, MBA in Finance or a Master’s degree
  • Financial Planning & Analysis (FP&A) work experience preferred
  • Systems experience with SAP, Essbase/Hyperion & Business Objects
  • Strong quantitative analysis, critical thinking and problem solving skills
  • Exceptional performer with high degree of initiative and self-motivation
  • Strong oral and written communication skills
  • Ability to operate within a complex organization (matrix) and various levels of management
  • Ability to multi-task and manage several projects simultaneously while appropriately prioritizing
  • Demonstrated ability to manage to tight deadlines, along with flexibility to changing priorities
  • Experience with business partnering
  • Demonstrated ability to work effectively in a team environment
  • Ability to work effectively under uncertainties
Responsibilities
  • Leads the financial planning and analysis processes for the Pelvic Health Operating Unit including the Annual Operating Plan (AOP), monthly/quarterly forecasts and Strategic Plan. This includes development of timelines, communication of key dates, guidance, etc. to plan process around budgeting and forecast cycles.
  • Prepares insights to management and develops leadership presentations in support of key executive meetings and reviews. Support the development of monthly and quarterly financial review packages.
  • Perform complex financial modeling, economic and trend analysis related to Pelvic Health markets, P&L, capital expenditures, working capital & free cash flow.
  • Execute critical Integrated Business Planning (IBP) processes and partner with the IBP leader and cross-functional team on insights & analysis.
  • Collaborate with Strategic Finance / Portfolio Management subject-matter experts on insights to assist the organization with investment decisions.
  • Analyzes financial results, prepares and assists in the production of key month-end close reporting activities.
  • Ad hoc analysis as needed.

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering training, patient management programs, and technical support to healthcare providers. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through comprehensive solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

1949

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of telehealth boosts demand for Medtronic's connected medical devices.
  • Rise in personalized medicine allows Medtronic to develop customized devices for better outcomes.
  • Growing focus on value-based healthcare aligns with Medtronic's cost-reducing technologies.

What critics are saying

  • Emerging competitors like Anteris could challenge Medtronic's market share.
  • Rapid growth in spine biologics market requires Medtronic to innovate quickly.
  • Talent retention issues may arise after Ira Bindra's departure to Reliance Industries.

What makes Medtronic unique

  • Medtronic offers a comprehensive suite of products across cardiovascular, diabetes, and neurological sectors.
  • The company invests heavily in R&D to innovate and bring new products to market.
  • Medtronic provides complementary services like training and patient management to enhance product value.

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