Principal Financial Analyst
Medtronic
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 Medical Surgical portfolio has over $1.5B worth of inventory to support the millions of patients served every year. As the Principal Financial Analyst for the Medical Surgical portfolio, the role helps support the end-to-end inventory and SOGL planning and execution for the portfolio and provides financial support and business partnering to Supply Chain and OU leadership to drive financial results (e.g., inventory optimization and strategic inventory/SOGL initiatives for the portfolio).The role includes responsibility for partnering across the greater finance organization (OU and GOSC finance), ensuring/maintaining a strong control environment, creating/analyzing financial performance, leading forecasting/planning, and active engagement/communication with management.
At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
Responsibilities may include the following and other duties may be assigned.
Support financial reporting/close processes, planning, analysis, and cost accounting activity for the Medical Surgical portfolio:
Deliver accurate and clear financial results and financial comparisons at period end
Support inventory and SOGL accounting activities and collaboration with the COEs and other portfolios as necessary
Partner with the COEs during the financial forecasting and planning processes (rolling forecasts, LBEs, AOP, strategic plan, etc.)
Manage and/or conduct analysis of financial performance and communication of results and maintain active engagement/partnership with management in improving financial performance
Remain current on key operational projects and activities and incorporate in forecasts, analyses, and target considerations.
Support portfolio strategy modeling and business case evaluation
Complete other ad-hoc and/or standard reporting processes (e.g., programmatic savings) as necessary
Provide business partnering, financial reporting, and decision support to the Global Supply Chain Inventory and Planning team as well as the Medical Surgical portfolio team and maintain integration of the finance function in supporting business activities and the establishment/execution of the strategic direction:
Analyze and interpret financial performance and make recommendations concerning inventory and SOGL to maximize site financial results; establish targets as necessary/appropriate
Partner with Supply Chain and the Medical Surgical portfolio to drive initiatives improving operating performance such as improved inventory health, turns and SOGL metrics
Provide financial leadership and education to Supply Chain and OU partners
Partner with Supply Chain finance teams, COEs, and leadership to drive harmonization and implementation of financial practices, policies, and/or changes across the network.
Support the implementation/maintain internal control procedures, policies, and practices to ascertain proper custody of corporate assets as well as sound, accurate and timely financial reporting. Ensure that the organization’s financial activities follow corporate policies, good accounting practices, procedures and regulations established by federal and local laws.
Required Knowledge and Experience: Requires mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience.
May have broad knowledge of project management.
Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
Nice to Have
BA/BS in Finance or Accounting with Supply Chain Finance experience
Experience with financial/reporting systems (e.g., SAP, Hyperion/Essbase, OneStream, PowerBI, etc.)
Experience and/or ability to lead and operate within a complex organization and with various levels of management
Strong results orientation and bias for action, including a high degree of initiative and self-motivation in understanding business needs and leading/developing others to meet those needs
Ability to translate ideas and financial results into concise presentations for senior management
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.
The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
Further details are available at the link below:
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 95,000+ 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.
If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.