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Senior Finance Manager at Medtronic

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Mounds View, Minnesota

Job Description:

Careers that Change Lives

This position will report to the Cardiac and Vascular Group (CVG) Controller and will lead the CVG Controller's staff as the CVG Assistant Controller. It will closely partner with the business in a broad range of business issues and provide leadership in the decision-making process. This position will provide guidance and demonstrate advanced in-depth knowledge in the accounting and finance activities associated with complex technical accounting matters. This position will demonstrate strong communications skills while partnering across the Medtronic Matrix, including CVG and a variety of Corporate/Regional teams.

Impact patient outcomes. Come for a job, stay for a career.

A Day in the Life

  • Demonstrate a broad and in-depth understanding of Accounting and Finance processes and policies. Provide oversight and direction to the CVG Finance organization for all accounting and reporting matters, including the following to ensure compliance with accounting principles and MDT processes, legal and ethical standards:

    - Complex arrangements and novel business models

    - Revenue Recognition matters

    - Royalty bearing agreements and their accruals/payments

    - Inventory obsolescence reserves

    - Restructuring activities

    - Business Development and Channel Management matters

    - Minority Investment, Intangible assets, including impairment analysis

    - Adherence to Medtronic financial policies

    - Adoption of new Medtronic financial policies (e.g. Revenue Recognition Standard and Leasing Standard)

    - Continuous education of Medtronic financial policies

  • Member of the CVG Value Based Healthcare Sub council who provides leadership in the implementation of consistent financial processes and procedures to launch new programs worldwide

  • Liaison with Corporate Finance, including being an active representative on the MDT Controller's Council.

  • Partner with the business and enabling functions in a broad range of business issues and provide leadership in the decision-making process, actively participate in managing the business and in establishing its strategic direction.

  • Organize and structure business information to identify specific risks and opportunities. Apply quantitative and qualitative factors, skills and business experience, to arrive at meaningful conclusions and recommendations. Develop innovative alternatives and solutions when issues arise.

  • Gain a comprehensive understanding of the CVG control environment. Effectively apply internal control principles and objectives.

  • Provide leadership and direction to CVG Finance in the monthly, quarterly and fiscal yearend CVG closing processes.

  • Provide leadership and direction to a team of five professional staff

    o Provide direction and guidance to ensure efficient completion of individual and group objectives

    o Conduct regular performance discussions, provide development opportunities and support individual career growth objectives that drive positive momentum

    o Recruit and onboard analysts and Summer Interns to support full pipeline of new talent into the CVG Controllership group

    Must Have: Minimum Requirements

    • BA/BS Degree in Accounting or Finance

    • 7+ years varied experience in accounting or finance with a Bachelor's Degree in Finance or Accounting; or, 5+ years varied experience in accounting or finance with a Master's Degree

    • 5+ years of progressive leadership experience

    Nice to Have:

  • CPA

  • Comprehensive understanding of generally accepted accounting principles (GAAP)

  • Continuous improvement mindset

  • Ability to operate effectively within a complex organization

  • Strong influence management skills, demonstrate superior judgment, shape business results, inspire others to excel, communicate with impact, demand ethical behavior, and drive execution

  • Strong communication and interpersonal skills, strong quantitative analysis and problem-solving skills, and high degree of initiative.

  • Successful track record of supervising, leading and developing a diverse financial team

  • Demonstration of excellent judgment and decision making

  • Proven ability to work well under pressure and maintain positive, enthusiastic attitude

    About Medtronic

    Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It 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 team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.

    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 Day in the Life 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.


    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.

    This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here: