Associate Finance Analyst at Medtronic

Pune, Maharashtra, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, Diabetes TechnologyIndustries

Requirements

Ability to perform and analyze financial modeling, economic research, trends, and studies (e.g., rates of return, depreciation, working capital, cash flow, investments, cost against budget, variance analysis, forecasting, financial planning, expense comparisons via profit and loss/income statements)
Capability to prepare reports of findings and recommendations, compile and consolidate financial plans, and provide insights to management
Skills in developing, maintaining, and establishing operational specifications for financial information systems (considering information flow, volume, ad hoc reporting, and analysis)
Potential to provide analysis on business development and monitor business performance by unit, division, or group

Responsibilities

Provide support for financial planning and reporting across key P&L areas (Revenue, Expenses)
Standardize and automate revenue and cost analyses/reports
Provide insights to support managerial decisions
Conduct detailed actual vs. plan reviews and forecasting (quarterly and 3-year horizon)

Skills

Key technologies and capabilities for this role

Financial ModelingVariance AnalysisForecastingFinancial PlanningP&L AnalysisCash Flow AnalysisExcelBudgetingReportingEconomic Research

Questions & Answers

Common questions about this position

What compensation and benefits does Medtronic offer for this role?

Medtronic offers a competitive salary and flexible benefits package, along with a wide range of benefits, resources, and competitive compensation plans designed to support employees at every career and life stage.

Is this position remote or does it require working in an office?

This information is not specified in the job description.

What skills are required for the Associate Finance Analyst role?

The role requires skills in financial modeling, economic research, trend analysis, variance analysis, forecasting, financial planning, and preparing reports with insights for management.

What is the company culture like at Medtronic's Global Diabetes Capability Center?

The culture emphasizes innovation, exploration, leading with purpose, championing healthcare access and equity, and operating with greater speed and agility following the planned separation of the Diabetes division.

What makes a strong candidate for this Associate Finance Analyst position?

Strong candidates will have experience in financial modeling, analysis of P&L statements, variance analysis, forecasting, and providing actionable insights to support managerial decisions in a dynamic business environment.

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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