Principal Financial Analyst- Surgical R&D (Finance)

We anticipate the application window for this opening will close on - 8 Apr 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 Life
The primary responsibility of this position is to serve as financial partner to the Surgical R&D team, collaborating with business leaders in driving performance and ensuring execution of the appropriate business strategies through the management of business process. If you want to develop as strategic advisor, but also do not mind spending time with your head down in spreadsheets and data files; this might be the right opportunity for you. We need someone who will own the relationship with New Product Development stakeholders, who will build and maintain a trusted partnership with the business, and who will be a voice for the finance organization. This role hinges upon the transparency of communication and partnership, the accuracy of the data and the accountability to deliver results month after month.

The key responsibilities of this role include collaborating with new product development project teams to drive financial execution and provide financial visibility to senior leadership including GM's and R&D leadership. Additionally, this person will develop metrics and standardized reporting that will empower decision making.
The Surgical Operating Unit strives to enable earlier diagnosis, better treatment, faster complication-free recovery, and enhanced patient outcomes through less invasive surgical solutions. We value what makes you unique. Be a part of a company that thinks differently to solve problems, make progress, and deliver meaningful innovation. Impact patient outcomes. In the Surgical Robotics (SR) business, part of Medtronic's Medical Surgical Portfolio, we believe patients around the world deserve access to quality care and improved outcomes. We strive to expand global access to care and reduce variability through robotic and analytics solutions. Surgical Robotics set the standard for Robotic-Assisted Surgery (RAS) by creating innovative surgical products and services. Come for a job, stay for a career.

Responsibilities may include the following: other duties may be assigned:

• Responsible for accurate and timely month-end/quarter-end financial reporting and presentation to both financial and non-financial leaders
• Assist with quarterly performance and investment metrics including Monthly Finance Review (MFR)presentations
• Support monthly CAPEX forecasting and tracking for R&D, oversee the fleet capital transfers and tracking.
• Develop financial analysis to drive the performance of the business and execute on the strategic and tactical business decisions
• Development of project reporting that is instrumental to managing the business.
• Support the preparation and analysis of the Annual Operating Plan, Forecasts and Long-term Strategic Plans
• Explain variances between actual results versus prior year and versus AOP / forecast and make recommendations for future actions
• Collaborate with the Project Management Office and project leads to provide financial guidance and budgetary support
• Complete project and infrastructure Forecasts, Strategic Plan, and AOP to ensure portfolio and functions are optimized and all targets are met.
• Work with Controllership on SW Capitalization to ensure we are tracking and completing the j/e each month and following policy
• Support the development of Power BI Dashboards for Surgical R&D reporting
• Identify and implement technical and/or functional opportunities to improve processes, operational efficiency and reporting.

Must Have: Minimum Requirements

Bachelor's Degree with 7+ years of work experience in Finance & Accounting Roles (5+ years with an Advanced degree )

Nice to Have

• Broad finance background that includes financial planning and analysis, accounting, finance, internal management reporting systems, budgeting, acquisition and investment analysis and financial modeling
• High degree of analytical ability and attention to detail
• Expert in Excel including Pivot Tables, V-Lookup and Data manipulation
• Project accounting experience
• Excellent interpersonal, communication, and problem-solving skills

• Previous finance leadership experience with a global manufacturing company preferred
• Knowledge of Hyperion systems, Essbase, and/ or SAP
• Strong analytical and problem-solving skills including the ability to identify key trends and drivers and the proven experience translating financial data into meaningful, concise information
• Ability to develop solutions and/or innovative ideas to problems and ensure that solutions are consistent with the organization's objectives
• CPA/ MBA
• Cost Accounting and Manufacturing experience
• Knowledge of investment decision metrics (NPV, IRR, DPP)
• Strong organizational and interpersonal skills with interests in building strong business partnering relationships

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):$104,200.00- $154,800.00

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.