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IBP Principal Financial Analyst - Surgical Innovations - Open to Remote at Medtronic in Boulder, Colorado

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Careers that Change Lives

Surgical Innovations is a 6 billion dollar business within Medtronic which consists of three integrated operating units. Preference is for position to be based onsite in Colorado, Connecticut or Minnesota but will consider remote worker.

The Integrated Business Planning (IBP) Financial Planning & Analysis (FP&A) Analyst will include activities that are value capture & value creation focused and forward looking, such as providing the insight necessary to identify and implement actions across the value chain. This role will lead the IBP finance team efforts and be an active participant in all IBP meetings, linking financial & operating metrics to P&L performance, and ensuring operational plans are aligned through the IBP cycle. Additionally, awareness and integration of Active Portfolio Management (APM)/strategy into the IBP cadence is integral to scenario development and delivering targets.

The position will collaborate cross-functionally to produce accurate and timely information to enhance core metrics that drive accountable and predictable results - and make better planning decisions. The IBP finance role will be expected to interact with candor and challenge others positions to stimulate thought and make sure the best decision is made.

A Day in the Life

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

Lead the monthly financial process as it relates to IBP, attending all step meetings, and coordinating finance efforts to ensure data driven forecasts that align financial and operational targets. Ensure the quantification of all identified risks and opportunities, including modeling scenarios for integrated reconciliation, ultimately leading to a recommendation in the MBR that will optimize business financials (P&L, balance sheet, and cash flow.)

  • In partnership with the IBP BU Lead, act as a strategic thought partner - understand, translate, and provide insight into business performance, including competitor and industry trends.


  • Serve as an integral link between the supply chain and commercial channels (supply and demand). Effectively differentiate between controllable and uncontrollable (macro-economic) factors impacting the business, proactively working with both supply chain and market leadership to develop actionable plans to navigate those factors.


  • Actively champion the IBP process, providing financial leadership as the link between supply and demand, with the goal to ultimately drive actions that provide the highest financial return. Work collaboratively with commercial teams in the supply chain to align on planned volumes, related revenue/cogs tradeoffs and their financial impact to the business.


  • Ensure maturity of communication and process so that data links are systematic and assumptions are clear.


  • Proactively address issues to resolve and develop - embed technology and tools to address questions and enable self-serve reviews.


  • Understand business IBP performance metrics and gather requisite info to track. Understand how the business benchmarks itself on critical KPIs, internally and externally and proactively collaborate with key stakeholders to address performance.


  • Communicate effectively, delivering clear presentations including defending positions on controversial topics, effectively influencing up, down and across the organization in a quest to continuously seek "win-win" solutions.


  • Partner closely with cross business/functional managers to play an active role in enhancing connectivity and communication.


  • Able to drive the right behaviors, results and agenda needed for the business. Has a point of view and communicates it effectively thus influencing colleagues by supporting them, challenging them and providing a unique perspective to deliver value.


  • Partner closely with and leverage the broader Finance team for key information, including historical reporting and data collection. May include activities related to cost accounting, margin reporting, analysis of data and management reports, management report generation, etc.


  • Provide various other analytical support for the Operating Unit FP&A activity and business partner with overall Portfolio FP&A lead and IBP PMO. Provide connections to COE inputs.


  • Active participation in various business finance initiatives and other duties as assigned.


  • Provide recommendations and influence the future direction and evolution of Finance tools and process optimization opportunities with IBP

    Must Have: Minimum Requirements


    Bachelor's Degree with 7+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 5+ years)


    Nice to Have



    • Demonstrates strong business acumen with understanding of key drivers of success.
    • Solid grounding in financial metrics, balance sheet, income statement, and cash flow analysis.
    • Demonstrated success in business partnering initiatives across commercial, functional teams and cross functional teams.
    • Ability to communicate and influence at all levels of the organization and build trust across multiple stakeholder groups.
    • Design, develop and implement value-added business analytics and metrics.
    • Financial planning and budgeting.
    • Proven high-execution capacity.
    • Tenacious, hands-on mentality, capable of executing under pressure.
    • Analytical proficiency to derive insights from large and complex sets of business data.
    • MS Office (Excel, Power Point and Word) proficiency.
    • Manage time effectively, prioritizing tasks and able to work to deadlines.
    • Demonstrated ability to influence at all levels of the organization and build trust across multiple stakeholder groups.
    • Strong problem solving and analytical skills.
    • Strong leadership, team building, and interpersonal skills.
    • Ability to integrate and interpret disparate sources of data using broad range of analytical data tools. Incorporates use of statistical methodology and predictive modeling techniques.
    • Experience with organizational effectiveness tools such as continuous improvement, high performance teams, long terms sales and operations planning.
    • Proven ability to lead change
    • MBA or CMA or CPA certification
    • Continuous improvement and lean manufacturing
    • Experience in business expansion, divestiture, or acquisitions
    • Demonstrated leadership


    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 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. (ADA-United States of America)


    Up to 20% travel required


    Bonus target is 15% for this position and benefits information can be found at benefits.medtronic.com


    Additional Information



    • Posting Date: Jan 15, 2021
    • Travel: No
    • Salary Min: 101,600
    • Salary Max: 152,400






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