Full-Time

Finance Program Manager

Posted on 9/18/2024

Medtronic

Medtronic

5,001-10,000 employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$116k - $174kAnnually

+ Short-term incentive (Medtronic Incentive Plan)

Mid, Senior

Billerica, MA, USA

Hybrid model considered: onsite 3-4 days/week.

Category
Project Management
Business & Strategy
Required Skills
SAP Products
Financial analysis
Requirements
  • Bachelor’s Degree with 5+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 3+ years)
  • Advanced Degree preferred: Master's degree in finance / accounting or MBA preferred
  • SAP and Hyperion experience
  • Global Manufacturing Finance Experience, working in large, complex, matrix organization
  • Strong communication skills and excellent interpersonal skills with ability to influence multiple diverse stakeholders
  • Results oriented with ability to prioritize, meet deadlines, and handle multiple deliverables
  • Strong qualitative and quantitative analysis, critical thinking, and problem-solving skills with the ability to create actionable insights and plans
  • High degree of initiative and self-motivation; drive for continuous improvement
Responsibilities
  • Lead budgeting/forecasting processes, ensuring alignment with business objectives and processes while identifying areas for improvement
  • Monitor and analyze expenses, visualize complex end to end processes, drive insights, and recommend changes as necessary
  • Oversee financial key performance indicators (KPIs) to evaluate the financial health of the site and provided actional improvement plans as necessary
  • Provide analysis to assess and improve cost variances, yield, labor efficiencies, programmatic savings, and headcount
  • Provide financial insights and guidance for strategic decisions, including capacity planning, investment analysis, and resource planning
  • Support senior management in the development of long-term financial strategies
  • Partner with team members to develop and evaluate business cases supporting investment opportunities
  • Liaise with cross-functional teams within Finance (COEs, FP&A, Operating Units) and Operations (Supply Chain, Manufacturing., Quality, HR) to align financial goals with operational strategies
  • Train/educate others on financial processes and deliverables
  • Actively participate in the Tier systems and perform Gemba to solve problems.

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 comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through their advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Medtronic's recent product innovations, such as the InterStim Micro Neurostimulator and remote monitoring systems, highlight its commitment to advancing medical technology.
  • The company's expansion in Asia, including the launch of the Robotics Experience Studio, indicates strong growth potential in emerging markets.
  • Strategic partnerships and acquisitions, like the collaboration with Ramsay Health Care and the acquisition of Paceart Optima, enhance Medtronic's capabilities and market position.

What critics are saying

  • The highly competitive medical technology market requires Medtronic to continuously innovate to maintain its leadership position.
  • Integration challenges from acquisitions and partnerships could potentially disrupt operations and delay product development.

What makes Medtronic unique

  • Medtronic's extensive R&D investment enables continuous innovation in medical technology, setting it apart from competitors who may not have the same level of resources.
  • The company's global reach, operating in over 150 countries, provides a significant advantage in market penetration and customer base.
  • Medtronic's comprehensive suite of products and services, including training and patient management programs, offers a holistic approach to healthcare that many competitors lack.

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