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
Seeking a highly motivated Principal Finance Analyst to drive financial performance operational efficiency and business growth at our MECC manufacturing sites.The ideal candidate will possess strong financial acumen leadership capabilities and the ability to influence cross-functional teams. This role will require a proactive approach to problem-solving knowledge of manufacturing processes and a collaborative mindset to align finance with corporate goals and site-specific strategies
Responsibilities may include the following and other duties may be assigned.
Financial Leadership & Decision-Making:
Support the financial planning budgeting and forecasting processes (AOP 10Q) to ensure accurate and timely financial reporting.
Provide actionable insights and financial guidance to site operations supporting data-driven decision-making and cost optimization initiatives.
Provide support to the site Sr Finance Manager and sites leadership team on portfolio management supporting a project team of over 100 FTE ensuring policy adherence and Strategic Plan.
Assist with identifying key financial risks opportunities and variances. Support the implementation of countermeasures to ensure financial targets are met.
COE & Cross-Functional Collaboration:
Liaison between the site and Centers of Excellence (COEs) ensuring seamless communication support and alignment on financial objectives.
Collaborate closely with manufacturing operations supply chain and other departments to drive financial performance and business growth.
Build strong partnerships with stakeholders at both the site and corporate levels enhancing communication and accountability.
Process Improvement & Standardization:
Support initiatives to streamline financial processes standardize reporting and enhance data accuracy using digital tools like Power BI.
Support the adoption of best practices and continuous improvement methodologies (e.g. MPS principles) to optimize operational efficiency and reduce costs.
Support the development and implementation of training programs to increase financial acumen across the site empowering team members with the knowledge to make informed decisions.
On-Site Engagement & Leadership:
Partner with site operations to manage savings initiatives headcount planning capital forecasts and budgeting aligned with strategic objectives
Maintain a strong presence on the manufacturing floor actively participating in gemba walks tier meetings and problem-solving sessions.
Serve as a trusted advisor to the site leadership team delivering clear concise and actionable financial insights.
On-site 4 days per week
Required Knowledge and Experience:Requires mastery of a specialty area and full knowledge of industry practices typically obtained through advanced education combined with experience.
May have broad knowledge of project management.
Requires a Baccalaureate degree (or for degrees earned outside of the United States a degree which satisfies the requirements of 8 C.F.R. 214.2(h)( 4)(iii)(A) and minimum 7 years of relevant experience or advanced degree with a minimum of 5 years of relevant experience.
Nice to Have
Proven experience in finance leadership within a manufacturing or operations environment.
Strong understanding of financial planning processes including AOP 10Q and forecasting cycles.
Exceptional analytical skills with the ability to interpret complex data and provide strategic recommendations.
Effective communicator who can translate financial concepts into actionable insights for non-financial stakeholders.
Strong leadership skills with a collaborative approach to working with cross-functional teams and influencing decision-making.
Ability to navigate a matrixed organization balancing the needs of multiple stakeholders and priorities.
Highly organized with the ability to manage multiple tasks and deadlines in a fast-paced environment.
Resilient adaptable and open to continuous learning and improvement.
Why Join Us
Impactful Role: Be at the forefront of driving financial and operational excellence at one of Medtronics largest manufacturing site.
Growth Opportunities: Develop your skills through mentorship training and exposure to cross-functional teams and corporate initiatives.
Collaborative Culture: Join a team that values partnership innovation and a commitment to achieving best-in-class performance.
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
