Principal Financial Analyst - R&D Manufacturing at Medtronic in Tempe, Arizona

Job Description:

CAREERS THAT CHANGE LIVES

A career at Medtronic is like no other. We're purposeful. We're committed. And we're driven by our Mission to alleviate pain, restore health and extend life for millions of people worldwide.

In this exciting role as a Principal Financial Analyst,you will have responsibility forproviding finance/accounting support and business partnering to the Medtronic Tempe campus.This includes Budgeting/Forecasting, overseeing accounting activities, summation and presentation of the monthly and quarterly financial results, and specific business partnering roles with Operations management. This position also plays a critical role in special projects throughout the year.

This position will work onsite at our plant in Tempe, AZ.

A DAY IN THE LIFE

Reporting to the Finance Director, you will partner with multiple stakeholders to provide timely analysis, insightful guidance, and financial leadership to a variety of manufacturing value streams. This role requires extensive cross-functional partnership t o implement best practices, build capabilities and support improvement across the value stream , including volume/demand analysis , inventory and capital targets tracking , inventory excess and obsolescence reserves and scrap analysis . This position will also provide financial business partnering support for strategic initiatives and be responsible for developing processes, financial models and frameworks that enable better business decisions impacting metrics and support continuous improvement.

• Oversee accounting activities related to manufacturing operations
• Perform financial planning and analysis (FP&A) activities to support quarterly forecasts and annual planning (AOP) as well as monitor balance sheet inventory reserves.
• Complete monthly financial reporting, analyzing results, identifying issues, and explaining trends and variances to plan and forecast; providing insights to business partners and other stakeholders that helps draw connections between demand / supply planning, inventory, reserves and SOGL to drive action and business results.
• Performs excess and obsolete inventory reserve assessments / calculations, and proactively identify areas of risks and opportunities.
• Support various strategic initiatives through financial modeling, adhoc analysis, reporting, and project management efforts to influence decision making and drive business results.
• Consult with various cross-functional team members and be a thought partner on complex business issues and analytical opportunities across Medtronic's networks, operating units and functions that enable better decision making (supply chain, controllership functions, sites).

Required qualifications

• Bachelor's Degree and a minimum of 7 years relevant finance experience or an advanced degree and a minimum of 5 years relevant finance experience

• Knowledge of General Accepted Accounting Principles (GAAP)
• MBA, CPA and/or CMA
• Experience with GFS, Essbase, SAP, Hyperion Spend and/or CMR
• Strong quantitative analysis and problem solving skills
• Solid accounting foundation with high interest in financial modeling
• Understanding of Project Accounting
• Prior Finance experience in a manufacturing environment
• Strong leadership, business partnering and influencing skills
• C ontinuous improvement mindset including the ability to innovate and simplify both finance and operational processes

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.

Compensation & Benefits

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. Learn more about our benefits here .

This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) on page 6 here .

The provided base salary range is used nationally (except in certain CA locations).The rate offered is compliant with federal/local regulations and may vary by experience,certification/education, market conditions, location, etc.