Financial Consultant - Patient Care Systems at Medtronic

Mounds View, 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 10+ years of work experience in Accounting and/or Finance (Or Advanced Degree with 8+ years)

Responsibilities

Partner directly with the VP of Software Development in all aspects of financial management including financial reporting, strategic project prioritization, investment trade-off, resource allocation, expense management and capital planning
Serve as the primary finance partner to the PCS Software Organization supporting cost center and project management, ad-hoc financial analysis and business case development
Collaborate with cross-functional partners and finance colleagues to develop and share scalable solutions and best practices that enhance PCS Finance performance and create value across the broader CRM Finance organization
Identify potential accounting implications of proposed business initiatives and transactions, ensuring alignment with applicable accounting standards and internal policies
Engage with the Cardiovascular Controller to provide clear, comprehensive project insights that inform capital/expense classification decisions for software initiatives in alignment with accounting standards
Coordinate PCS Financial Planning & Analysis (FP&A) activities, including preparing and presenting monthly/quarterly business results
Lead the AOP budgeting and rolling forecast process for the software organization ensuring investment aligns with PCS goals and objectives
Support the monthly Integrated Business Planning meetings
Participate in core teams and be the financial liaison to the phase gate business reviews
Create and maintain Enrich models for R&D investments, showcasing NPV and IRR for current and future strategic initiatives

Skills

Accounting

Technical Accounting

Public Accounting

Software Capitalization

Financial Forecasting

Budgeting

Strategic Planning

Financial Management

Capital Investment

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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