Accountant (SSC Cash application accountant) at Medtronic

Pune, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Knowledge of accounting principles to analyze financial information
Ability to prepare internal and external financial reports
Experience in maintaining or overseeing accounts and records (e.g., disbursements, expenses, tax payments, income)
Skills in compiling and analyzing financial information to record transactions and verify accuracy
Capability to prepare balance sheet, profit and loss, cash flow statements, and consolidate financial statements
Experience in designing, modifying, installing, or maintaining accounting systems
Adherence to accounting and auditing policies, procedures, and internal controls
Potential responsibility for month-end close processes
Potential involvement in technical support and accounting for M&A activities
Potential oversight of technical accounting research for complex transactions and new standards

Responsibilities

Processing and reconciling incoming payments, ensuring accurate application to customer accounts in SAP
Supporting efficient operation of the cash application process within the Record to Report (R2R) team
Collaborating with Senior Accountant, Treasury, Procure to Pay (P2P), Employee Expense Management, and Intercompany teams for cash flow management
Applying principles of accounting to analyze financial information and prepare internal/external reports
Maintaining or overseeing control of accounts and records in areas like disbursements, expenses, tax payments, and income
Compiling and analyzing financial information to record transactions, prepare reports, and verify accuracy
Preparing balance sheet, profit and loss, cash flow statements, consolidated financial statements, and other accounting schedules/reports
Designing, modifying, installing, and/or maintaining accounting systems for financial transaction recognition
Ensuring adherence to and communicating accounting/auditing policies, procedures, and internal controls
May handle month-end close, technical support for M&A, technical accounting research, and implementation of new standards

Skills

Key technologies and capabilities for this role

SAPCash ApplicationAccount ReconciliationRecord to ReportFinancial ReportingAccounting PrinciplesAccounts PayableTreasuryProcure to Pay

Questions & Answers

Common questions about this position

What is the employment type for this Accountant position?

This is a full-time position.

Is this Accountant role remote or office-based?

This information is not specified in the job description.

What skills are required for the Cash Application Accountant role?

The role requires applying principles of accounting to analyze financial information, processing and reconciling incoming payments in SAP, compiling and analyzing financial data for reports, and ensuring adherence to accounting policies and internal controls.

What is the company culture like at Medtronic for this role?

Medtronic emphasizes a life-long career of exploration and innovation, leading with purpose to champion healthcare access and equity, while fostering collaboration across teams like R2R, Treasury, P2P, and Intercompany in a supportive environment.

What makes a strong candidate for this Accountant position?

Strong candidates will have experience in cash application, SAP, financial reconciliation, accounting analysis, and collaboration across finance teams, with the ability to handle month-end close and internal controls.

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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