Principal Financial Analyst

$103,200 - $154,800/Yr

COV Covidien LP - Minneapolis, MN

Full-time - Senior

Minneapolis, MN

About the position

The Principal Financial Analyst role at Medtronic is a strategic position within the Advanced Surgical Technologies (AST) Business Unit, focusing on providing business partnering support to the Marketing team. This role involves revenue modeling, expense reporting, and critical business decision analysis, directly partnering with the VP of AST Marketing. The position is hybrid and can be based in various locations including North Haven, CT, Lafayette, CO, Boston, MA, or Minneapolis, MN. The analyst will contribute to financial reporting, forecasting, and strategic decision-making to drive the success of Medtronic's innovative products and services.

Responsibilities

• Partner with functional stakeholders within the Operating Unit including the VP of Marketing and Senior Finance Director of AST BU
• Provide financial reporting and forecasting for Marketing leadership team in support of market-leading products, technologies, and services
• Assist in data preparation and analysis for the weekly AST Sales & Operations Execution plan (S&OE) and monthly Integrated Business Planning (IBP) Global Demand Review
• Build and deploy financial models & dashboards to quantify opportunities, prioritize investments, and track progress on key marketing initiatives
• Drive consistent use of Market Leadership Council (MLC) tools and processes to improve budgeting and prioritization decisions
• Contribute as a key team member of the AST Finance and broader Surgical Finance organization
• Build budgets and forecasts for the AST Marketing organization aligned to BU goals and objectives
• Assist in AST BU strategic decision making through financial modeling, detailed analytics and storytelling through data-driven insights
• Assist with product lifecycle management (phase in/out) strategies through the monthly Portfolio Management Review of the IBP process
• Maintain the annual updates to product sales hierarchy to align financial planning structure to the organization design

Requirements

• 7+ years accounting or finance experience with a Bachelor's Degree
• 5+ years accounting or finance experience with an Advanced Degree

Nice-to-haves

• Proficient in Microsoft Office Applications - Word, Excel, PowerPoint
• Experience with finance applications such as General Ledger Systems, Cost Accounting Systems, SAP, etc.
• Anaplan
• Power BI
• Enrich
• Hyperion/Essbase/OneStream

Benefits

• Competitive Salary
• Flexible Benefits Package
• Short-term incentive called the Medtronic Incentive Plan (MIP)