Principal Financial Analyst

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 Cardiovascular portfolio has over $2B worth of inventory to support the millions of patients served every year. As the Principal Financial Analyst supporting part of the Cardiovascular portfolio, the role helps support the end-to-end inventory and SOGL planning and execution for the operating units (OU) 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 4-5 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.

Relocation assistance is NOT available for this role.

Responsibilities may include the following and other duties may be assigned.

• Support financial reporting/close processes, planning, analysis, and cost accounting activity for parts of the Cardiovascular 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 Cardiovascular 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 financial results; establish targets as necessary/appropriate

  • Partner with Supply Chain and the Cardiovascular 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.

Must Have: Minimum Requirements

Requires a Baccalaureate degree and minimum of 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

For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

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.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Join us in our mission to alleviate pain, restore health, and extend life—where your unique background and perspective are valued.