Finance Director - Material Purchasing & Production Volume FP&A

$168,800 - $253,200/Yr

Medtronic - Minneapolis, MN

Full-time - Senior

Minneapolis, MN

10,001+ employees

Miscellaneous Manufacturing

About the position

The Finance Director for Material Purchasing and Production Volume FP&A at Medtronic is responsible for aligning team strategies with GOSC Finance objectives, promoting operational effectiveness, and driving organizational performance. This role oversees financial planning and analysis for material purchases and production volumes, partnering with finance and non-finance teams in Supply Management, Supply Chain, and Manufacturing to optimize cash flow and P&L performance across Medtronic. The position requires a hybrid work schedule, with on-site presence 2-3 days a week, and involves global collaboration and travel up to 20% annually.

Responsibilities

• Lead the financial forecasting processes for materials and manufacturing absorption accounts, ensuring assumptions are clearly defined and accurately applied.
• Collaborate with Supply Chain, Supply Management, and Manufacturing teams to support cash flow analysis and trade-off decisions.
• Ensure the accuracy and integrity of financial reporting and analysis.
• Drive continuous improvement in financial processes, systems, and controls.
• Identify and implement efficiencies through the standardization of processes and automation.
• Lead and mentor a team of finance professionals, fostering a culture of high performance and continuous development.
• Promote a collaborative and inclusive work environment, encouraging innovation and excellence in a global team.
• Provide purpose and context for the team to create linkages between their work and Medtronic's objectives.
• Act as a trusted advisor to senior leadership, providing financial insights to drive business decisions.
• Analyze trends and convey to cross-functional partners how volumes, inflation, savings, and FX impact gross margin performance.
• Partner with operational leaders to align on key volume forecast assumptions.

Requirements

• Bachelor's degree required.
• Minimum of 10 years of relevant FP&A experience in Manufacturing Costing with 7+ years of Managerial experience, or advanced degree with a minimum of 8 years of relevant FP&A experience in Manufacturing Costing with 7+ years of Managerial experience.

Nice-to-haves

• Proven ability to lead and develop high-performing teams.
• Strong strategic thinking and problem-solving skills.
• Excellent communication and presentation skills.
• Ability to build relationships and influence at all levels of the organization.
• High ethical standards and integrity.
• Understanding of cost accounting principles and/or strong desire to learn.

Benefits

• Competitive salary
• Flexible benefits package
• Short-term incentive plan (Medtronic Incentive Plan)
• Annual long-term incentive plan