Principal Financial Analyst

$103,200 - $154,800/Yr

MED Medtronic Inc - Minneapolis, MN

Full-time - Senior

Minneapolis, MN

About the position

The Principal Financial Analyst at Medtronic plays a crucial role in the Global R&D Center of Expertise, focusing on driving efficiencies in the R&D Finance space. This hybrid position involves collaborating with finance business partners to standardize reporting, optimize resources, and enhance operational efficiencies, ultimately supporting the company's financial objectives and decision-making processes.

Responsibilities

• Serve as functional partner to the CAS Functional Leaders/Core Team Leaders and provide financial analysis and support/creation of financial plans/actions that drive business decisions and results.
• Provide support in financial planning and administration, forecasting, and measurement/understanding of the Annual Operating Plan (AOP), forecasts, and Strategic Plan.
• Execute standard period and quarter end financial close activities and support business reviews through standard and ad-hoc reporting and analyses.
• Provide financial expense reporting and analysis, ensuring spending is within budget and company policies.
• Identify and develop month-end financial reporting efficiencies migrating to Power BI or AI tools.
• Assist in the education and development of business partner financial acumen and reporting tools.
• Drive efficiency/improvement of related finance processes in support of the organization.
• Support and drive analysis of labor rates, supply vs. demand of project charging pool and processing of standard labor hours monthly.

Requirements

• Bachelor's Degree with 7+ years of work experience in Finance or Accounting (5+ years with an advanced degree).
• High energy, results-orientated individual with good analytical and problem-solving skills.
• Progressive, innovative mind-set with ability to recognize improvement opportunities and ideate the future.
• Proven ability to interface in team environment with various levels of management, staff, and other functional areas.
• Strong business acumen - Ability to identify business issues/opportunities and to frame business questions; Can operate with a degree of ambiguity and make informed assumptions to fill gaps in data.
• Strong organizational and interpersonal skills with interests in building strong relationships.
• Executive presence - Capable of being both a process expert and interacting with senior leadership (e.g. Finance Executive Committee, Business Leadership).
• Must be highly motivated and able to work independently, capable of handling multiple requests and deadlines simultaneously.
• Flexible and able to adapt to shifting priorities and responsibilities in a dynamic and changing environment.
• Strong verbal and written communication skills, including group facilitation experience.

Nice-to-haves

• Bachelor's degree in Accounting or Finance.
• Green, Yellow, Black or Master Black Belt certification.
• Bachelor's or master's degree with emphasis in Finance or Accounting.
• MBA or CPA.

Benefits

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