Finance Director at Medtronic

Juncos, Puerto Rico

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, ManufacturingIndustries

Requirements

Accomplished finance professional capable of leading finance function for $500M+ manufacturing operations
Experience in financial modeling, economic research, trends analysis (e.g., rates of return, depreciation, working capital, cash flow, investments, cost vs. budget, variance analysis, forecasting, financial planning, expense comparisons, profit/loss statements)
Ability to prepare reports of findings and recommendations, compile/consolidate financial plans, and provide insights to management
Expertise in developing, maintaining, and establishing operational specifications for financial information systems (considering information flow, volume, ad hoc reporting, analysis)
Capability to provide analysis on business development and monitor business performance by unit, division, or group
Leadership skills to serve as financial leader for manufacturing site, set vision for operational finance, align with business objectives
Experience overseeing site finance including cost accounting, financial planning & analysis, budgeting, forecasting, reporting for manufacturing/operations
Ability to lead, mentor, develop finance team, build high-performance culture
Partnership skills with operations leadership and cross-functional teams to drive operational excellence, cost management, strategic initiatives
Knowledge of financial oversight, business case evaluation, performance monitoring, actionable insights, resource allocation, margin improvement, capital planning, operational efficiency
Communication skills for transparent financial performance reporting to leaders, enabling data-driven decisions
Support for tax strategy/compliance in collaboration with global tax team
Willingness to be based in Juncos, Puerto Rico, with occasional travel

Responsibilities

Perform and analyze financial modeling, economic research, trends, and studies (e.g., rates of return, depreciation, working capital, cash flow, investments, cost vs. budget, variance analysis, forecasting, financial planning, expense comparisons via profit/loss or income statements)
Prepare reports of findings and recommendations, compile/consolidate financial plans, provide insights to management
Develop, maintain, establish operational specifications for financial information systems (information flow, volume, ad hoc reporting, analysis)
Provide analysis on business development and monitor business performance by unit, division, or group
Serve as financial leader for Medtronic Diabetes manufacturing site in Puerto Rico, setting vision for operational finance, aligning with business objectives
Oversee site finance: cost accounting, financial planning & analysis, budgeting, forecasting, reporting for manufacturing/operations
Lead, mentor, develop local finance team, build high-performance and continuous improvement culture
Partner with site operations leadership and cross-functional teams to drive operational excellence, cost management, strategic initiatives
Provide financial oversight for site activities, evaluate business cases, monitor performance, deliver actionable insights to optimize results
Guide resource allocation, margin improvement, capital planning, operational efficiency projects
Communicate financial performance transparently to site/regional leaders for data-driven decision-making
Support integration of finance into business activities and site strategic direction
Collaborate with global tax function on site-related tax topics, including compliance
Support future Transition Service Agreements (TSAs) for business continuity during Diabetes business IPO/separation
Other duties as assigned

Skills

Financial Modeling

Financial Analysis

Economic Research

Tax Strategy

Tax Compliance

Financial Leadership

Manufacturing Finance

Strategic Planning

IPO Support

Transition Service Agreements

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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