Careers that change lives
Preference to be onsite in minneapolis, mn but open to us remote.
The medical device and healthcare industry continues to rapidly changeWith remote monitoring, wearables, robotics, ar/vr, telemedicine, and much more, agility and responsiveness are key to our successExperience what it’s like to work at a company with an exciting product pipeline full of patented inventions driving innovation in the healthcare space.
If you are looking to expand business partnering skills, develop influencing capabilities, and lead high-visibility projects, come join our financial planning and analysis (fp&a) team! this principal financial analyst role provides key support related to the medtronic (mdt) clinical/regulatory organization.
We seek out and hire a diverse workforce at every level: we need fresh ideas and inclusive insights to continue to be an innovative industry leader — that’s why we make it a point to seek out, attract and develop employees who are patient-centric, passionate, and who represent the same wide variety of life experiences as our patients.
A day in the life
Reporting to the director fp&a clinical/regulatory & sso, the principal financial analyst will be responsible to ‘business partner’ closely and strategically with clinical/regulatory leaders, primarily within corporate leadership, to provide financial insights and management decision making supportCandidate will be required to have advanced excel skills to be able to manipulate large amounts of dataHe/she should be comfortable presenting financial topics to non-finance business partners, energetic, results-oriented and be able to work under pressure to meet tight deadlines.
Responsibilities may include the following and other duties may be assigned:
Influencing and leadership: develop and maintain strong relationships with key clinical/regulatory functional leaders and finance partners across mdtActively participate in defining consistent processes for communication, forecasting and financial accuracy/accountability with these partners.
Financial modeling and forecasting: partner within cross-functional teams to develop and maintain the accuracy of financial models for forecasting, aop, and strat plan.
Month-end activities: execute standard period and quarter-end financial close activities through analysis of actuals, review of headcount and establishing accrualsDrive monthly reviews of forecast to actual results and rolling forecastConsolidate and prepare results commentary for both directly supervised cost centers and areas supported for others.
Participate in creating chargeback labor rates as well as analyzing and reporting on chargeback absorption variances.
Educating and training: focus on helping our partners develop effective financial business acumen and train them on applicable finance policies (example: cost center management and capitalization)
Identify and drive process improvements
Must have: minimum requirements
Bachelor’s degree with 7+ years of work experience in finance and/or accounting (or advanced degree with 5+ years)
Nice to have
Ability to work independently and take initiative.
Comfortable and articulate in presenting financial results to a large audience.
Demonstrate continuous learning and increases in job responsibilities.
Excellent problem-solving skills and ability to handle ambiguity.
Ability to manage several projects or tasks.
Resourceful and strong systems, data mining skills or have interest and capacity to learn new systems.
Strong analytical skills.
Attention to detail.
Strong interpersonal skills.
Strong influence management skills
Advanced excel required (macros, pivot tables).
Ability to effectively and efficiently utilize systems/data to produce insightful analysis and drive prudent recommendations.
Working knowledge of sap.
Working knowledge of hyperion/essbase.
Previous business partnering support role is an asset.
About medtronic
Together, we can change healthcare worldwideAt medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend lifeWe challenge ourselves and each other to make tomorrow better than yesterdayIt is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our teamLet’s work together to address universal healthcare needs and improve patients’ livesHelp us shape the future.
Physical job requirements
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 jobReasonable accommodations may be made to enable individuals with disabilities to perform the essential functionsFor office roles: while performing the duties of this job, the employee is regularly required to be independently mobileThe employee is also required to interact with a computer, and communicate with peers and co-workersContact your manager or local hr to understand the work conditions and physical requirements that may be specific to each role(ada-united states of america)
