Principal Financial Analyst
Principal Financial Analyst
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$ 108000 - 162000
1 Vacancy
Job Description
At Medtronic you can begin a life-long career of exploration and innovation while helping champion healthcare access and equity for all. Youll lead with purpose breaking down barriers to innovation in a more connected compassionate world.
A Day in the Life
The Principal Financial Analyst reports to the Director of Global Operations Finance and leads the business partnership and financial support for the Indirect Supply Management (ISM) organization. This role will partner with Category Leaders ISM Leadership and Finance teams across Medtronic to establish metrics drive cost savings and cash flow initiatives and implement financial controlsKey activities include:
Primary business partner for VP of Indirect Supply Management
Monthly/quarterly analysis and support of savings and cost center results
AOP/Forecast oversight for the Indirect Supply Management organization; business partnering with all levels of Supply Management and GO&SC Finance
Savings Cash Flow and Project Planning
Provide financial support for global Indirect Supply Management strategic projects and continuous improvement initiatives:
Lead and analyze cash flow improvement initiatives
Create and drive spend management focus and control across large global expense pools
Support category management strategies including savings analysis and supplier rationalization projects
Analyze and communicate period-end (monthly/quarterly) results:
Perform monthly/quarterly analysis of Global Indirect Supply Management KPIs/metrics including communications with GOSC Finance and Supply Management partners
Develop and manage financial updates for monthly Global Indirect Supply Management reporting packages including MFRs presentations to Supply Management leadership and CFO reviews
Business partner with Indirect Supply Management Global Category Leaders and Supply Management Finance peers across MDT to ensure consistent performance measurement/metrics
Provide cost center management and support to ensure achievement of AOP targets forecasts and spend analysis
Serve as Finance subject matter expert in ISM savings project reporting and Planisware tracking system
Partner with global category leaders to support financial modeling business case development and performance measurement for new sourcing initiatives and CapEx investments
Be part of a dynamic team to implement change improve visibility and drive impactful results across the Indirect Supply Management organization.
Must Haves
- Bachelors degree in Accounting or Finance
- Minimum of 7 years of relevant experience or advanced degree with a minimum of 5 years relevant experience
Nice to Haves
- Exposure to Operations and accounting for Operations
- Experience with Spend OneStream SAP & Planisware
- Hyperion Essbase Hyperion Financial Management
- Solid accounting (GAAP) financial and business management foundation
- Experience in navigating and working within a matrix organization
- Proficient in Microsoft Excel Word PowerPoint
- Strong verbal and written communication skills
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.
The following benefits and additional compensation are available to those regular employees who work 20 hours per week: Health Dental and vision insuranceHealth Savings AccountHealthcare Flexible Spending AccountLife insurance Long-term disability leaveDependent daycare spending accountTuition assistance/reimbursement andSimple 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 matchShort-term disabilityPaid time offPaid holidaysEmployee Stock Purchase PlanEmployee Assistance ProgramNon-qualified Retirement Plan Supplement (subject to IRS earning minimums) andCapital 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 95000 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 findhere 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.
Required Experience:
Staff IC
Employment Type
Full-Time
