Finance Director - Material Purchasing & Production Volume FP&A

$168,800 - $253,200/Yr

Medtronic - Minneapolis, MN

Full-time - Senior

Minneapolis, MN

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, collaborating with various teams to optimize cash flow and P&L performance across the organization. The position requires a hybrid work schedule, with on-site presence expected 2-3 days a week, and involves global travel up to 20% annually.

Responsibilities

• Lead the financial forecasting processes for materials and manufacturing absorption accounts, ensuring assumptions are clearly defined and aligned with business objectives.
• Collaborate with Supply Chain, Supply Management, and Manufacturing teams to support cash flow analysis and trade-off decisions to balance outcomes across the P&L and Balance Sheet.
• 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, collaboration, and excellence in a global team.
• Provide purpose and context for the team to create linkages between their work and Medtronic objectives and performance.
• Act as a trusted advisor to senior leadership, providing financial insights to drive business decisions across the organization.
• 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 and ensure alignment across IBP, Supply Chain, and Finance processes.

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 called the Medtronic Incentive Plan (MIP)
• Annual long-term incentive plan