Associate Credit Services Representative-Finance at Medtronic

Chennai, Tamil Nadu, India

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Baccalaureate degree (or equivalent degree satisfying 8 C.F.R. § 214.2(h)(4)(iii)(A) for degrees earned outside the United States)
3-6 years of experience
Broad theoretical job knowledge typically obtained through advanced education

Responsibilities

Analyzes credit information to establish customers' credit limits permitting highest profitable sales consistent with reasonably minimum losses
Counsels and negotiates with customers to improve financial controls, suggests sources of working capital, and sets up special credit arrangements and payment schedules
Plans credit restriction and collection tactics for risky, slow pay, and sensitive accounts
May collect outstanding receivables in accordance with terms and conditions of sale
Delivers and/or manages assigned projects and works with stakeholders to achieve desired results
May act as a mentor to colleagues or direct the work of lower-level professionals
Identifies, defines, and addresses problems that are not immediately evident (typically not difficult or complex)
Makes minor changes in systems and processes to solve problems
Communicates primarily with internal contacts within immediate group to gather, confirm, and convey information

Skills

credit analysis

financial controls

negotiation

collections

receivables management

working capital

payment schedules

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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