Prin Financial Analyst at Medtronic

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s Degree and 7+ years experience as financial analyst, accounting, business analyst or other relevant field
OR Advanced Degree and 5+ years experience as financial analyst, accounting, business analyst or other relevant field

Responsibilities

Performs and analyzes financial modeling, economic research, trends and studies subjects such as rates of return, depreciation, working capital, cash flow, investments, and cost against budget, variance analysis, forecasting, financial planning and expense comparisons by analysis of profit and loss statements and/or income statements
Prepares reports of findings and recommendations, compiles and consolidates financial plans and provides insights to management
Develops, maintains, and establishes operational specifications for financial information systems considering such things as information flow, volume, ad hoc reporting, and analysis
May provide analysis on business development and may monitor business performance by unit, division or group

Skills

Key technologies and capabilities for this role

financial modelingvariance analysisforecastingfinancial planningcash flow analysisprofit and loss analysisincome statementseconomic researchfinancial reportingbudget analysisfinancial systems

Questions & Answers

Common questions about this position

What are the minimum education and experience requirements for this Principal Financial Analyst role?

A Bachelor’s Degree with 7+ years of experience as a financial analyst, accountant, business analyst, or related field is required, or an Advanced Degree with 5+ years of relevant experience.

What skills are nice to have for this position?

Nice-to-have qualifications include 10+ years of progressive experience in financial reporting in the medical device industry, strong analytical and problem-solving skills, ability to communicate financial information clearly, and working knowledge of systems like OneStream or Workiva; CPA or MBA is preferred.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position, or what is the work location policy?

This information is not specified in the job description.

What should I highlight in my application to stand out for this role?

Ensure your applicant profile clearly demonstrates the minimum requirements of a Bachelor’s Degree with 7+ years or an Advanced Degree with 5+ years in financial analysis, accounting, or related fields, and highlight any nice-to-have experience like medical device financial reporting or CPA/MBA.

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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