Principal Financial Analyst

We anticipate the application window for this opening will close on - 23 Oct 2025

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 LifeThis position serves as a key member of the Global Operations and Supply Chain (GOSC) FP&A team, supporting the lead for Material Purchases. The role partners with functional business partners, Manufacturing FP&A, and our Global Centers of Excellence to ensure that GOSC FP&A processes, timelines, reporting, and analysis deliver on our business objectives.

The Principal Financial Analyst will support FP&A processes centered around material purchases and PPV reporting and forecasting for the East and Central manufacturing regions. They will also provide day-to-day guidance to a Financial Analyst.

This role is critical to delivering on financial commitments and continuously driving improvements, standardization, and efficiencies across our FP&A processes. The successful candidate will collaborate across GOSC to report, analyze, forecast, and clearly communicate financial performance.

There is no relocation assistance available for this position.

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.

Strategic Financial Leadership

• Develop a deep understanding of material purchasing — how volume, inflation, and savings actions translate to financial results — and use that insight to influence business decisions.

• Partner with Supply Management, Contract Manufacturing Organizations, and Finance teams to develop reporting and processes that manage both P&L and balance sheet impacts of material purchasing.

• Operate independently as a seasoned individual contributor, using sound judgment to identify and implement solutions.

Functional Excellence and Business Partnering

• Prepare and present spending analyses, KPIs, manufacturing variance commentary, and forecasts to various levels of management.

• Partner proactively with stakeholders to analyze trends and investigate anomalies in results.

• Collaborate cross-functionally in developing the AOP and quarterly forecasts, ensuring cost-down targets and strategic initiatives are clearly understood and consistently applied.

• Work with OUs and portfolios to increase visibility into material cost drivers and identify opportunities for savings.

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 Haves

• Strong financial analysis and accounting skills.

• Demonstrated success working in a matrixed organization; strong communication and presentation skills.

• Experience supporting manufacturing operations and familiarity with cost accounting principles.

• Experience with OneStream, SAP/3C, Business Objects, and other reporting systems.

• Global experience in large, complex organizations.

• Advanced Excel and PowerPoint skills; proficiency with Microsoft Office tools.

• Strong quantitative and analytical capabilities to develop actionable insights.

• English fluency required; Spanish proficiency a plus.

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):$108, $162,000.00This 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).

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.

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