Finance Program Manager at Medtronic

Juncos, Puerto Rico

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

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 vs. budget, variance analysis, forecasting, financial planning, expense comparisons)
Experience with profit and loss statements/income statements analysis
Knowledge of financial information systems, including developing/maintaining operational specifications for information flow, volume, ad hoc reporting, and analysis
Capability to provide analysis on business development and monitor business performance by unit, division, or group
Support for financial reporting, close processes, planning, and analysis in a manufacturing/operations environment with high production costs ($500M+)
Familiarity with cost accounting activities, including variance reporting, standard creation, and collaboration across sites
Ability to stay current on operational projects and incorporate into forecasts, analyses, and target setting
Partnership skills with operations leadership (e.g., Value Stream Operations) to drive initiatives like yield improvement, labor efficiency, balance sheet optimization, and cost reductions
Strong communication and stakeholder engagement skills, including attending meetings (Tier 3/Tier 4) to discuss financial KPIs, escalate issues, and support processes like MPS and Gemba
Willingness to work at Juncos site with occasional travel

Responsibilities

Perform and analyze financial modeling, economic research, trends, and studies such as rates of return, depreciation, working capital, cash flow, investments, cost against budget, variance analysis, forecasting, financial planning, and expense comparisons by analysis of profit and loss statements/income statements
Prepare reports of findings and recommendations, compile and consolidate financial plans, and provide insights to management
Develop, maintain, and establish operational specifications for financial information systems considering information flow, volume, ad hoc reporting, and analysis
Provide analysis on business development and monitor business performance by unit, division, or group
Deliver accurate and clear financial results and comparisons at period end
Support financial reporting, close processes, planning, and analysis for Juncos site operations
Complete ad-hoc and standard reporting processes (e.g., cost down initiatives)
Support cost accounting activities, including variance reporting, standard creation, and collaboration with other sites for universal standards
Analyze and interpret financial performance, making recommendations on resource allocation and operations to maximize results and establish targets
Remain current on key operational projects and activities, incorporating them into forecasts, analyses, and target setting
Partner with Value Stream Operations to drive initiatives improving yield, labor efficiency, balance sheet optimization, and total cost reductions
Actively engage and communicate with Value Streams management and the broader finance organization
Provide financial reporting, decision support, and education to Juncos Operations leadership and Value Stream partners
Attend Tier 3 and Tier 4 meetings to discuss relevant financial KPIs, escalate issues, and support MPS and Gemba

Skills

Financial Modeling

Variance Analysis

Forecasting

Financial Planning

Cost Accounting

Cash Flow Analysis

P&L Analysis

Budgeting

Economic Research

Depreciation Analysis

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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