Financial Consultant at Medtronic

Minneapolis, Minnesota, United States

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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

Bachelor's degree and minimum of 10 years of relevant experience, or advanced degree with a minimum of 8 years of relevant experience
Comfort with ambiguity and change management
Strong ability to partner with senior leadership and others, facilitates decision-making activities, builds relationship networks at all levels, and leads change
Strong analytical and critical thinking skills including the ability to identify key trends and drivers and the proven experience translating financial data into meaningful, concise information
Strong quantitative and analytical skills for creating actionable insights and analysis
Expertise in Microsoft Office, especially advanced Excel modeling experience and PowerPoint. This includes creating pivot tables, VLOOKUPS, SUMIFS, NPV/IRR, and other complex functions
Experience operating in a complex matrixed environment and interacting across levels and organizations
Good judgment, problem-solving skills, tact, and discretion in identifying and resolving issues within established guidelines
Strong communication, interpersonal, and influence management skills
Is a collaborator with excellent verbal and written communication skills

Responsibilities

Serve as the primary finance contact for strategy creation, project pipeline assessment, and decision-making support to the Programs and Functional Leadership
Leverage scenario modeling, NPV/ROI analysis, and strategic fit analysis to develop a strong portfolio of projects and provide recommendations
Critical thinking and analysis required to challenge cost and savings assumptions
Develop and maintain financial models, trends, and study subjects such as rates of return, working capital, cash flow, investments, etc
Drive, implement, and support continuous improvements in reporting processes to focus on value creation activities
Support annual strategic planning, budgeting, and forecasting processes
Prepare presentations of financial results for Monthly Financial Reviews, Quarterly Business Reviews, and Program reviews

Skills

financial modeling

NPV analysis

ROI analysis

scenario modeling

strategic fit analysis

cash flow analysis

budgeting

forecasting

strategic planning

critical thinking

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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