Prin Financial Analyst at Medtronic

Pune, Maharashtra, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s Degree with 7+ years of work experience in Finance and/or Accounting OR Advanced Degree with 5+ years of work experience

Responsibilities

Perform Financial Planning & Analysis activities for direct distribution expenses supporting the Americas Commercial organization
Prepare and present monthly analysis, commentary, and forecasting, including key drivers, performance metrics, and risks and opportunities for Sales Leadership, Finance Leadership, and Operating Unit partners
Develop and maintain standardized reporting and analytics that can be leveraged by the broader Finance team
Partner with Finance colleagues to develop the annual operating plan (AOP) and recurring forecasting
Provide key variables and analysis to identify actions to close expense gaps to target
Compensation planning with Total Rewards: identification of improvement, cost impact, comp design meetings, approval, and implementation/communication
Manage all aspects of Americas Commercial organization cost centers, including annual plan, forecasting, reporting, and maintaining cost center structure
Collaborate with the Medtronic systems team to optimize system tools and reporting
Leverage insights to make continuous improvements
Maintain strong relationships with key functions including Total Rewards, Compensation, Freight, Diabetes FP&A Team, Americas Finance Team
Always ensure compliance with company policies and procedures
Drive efficiency through process improvements, including constant updates, revisions, dynamic models, and templates

Skills

Financial Planning & Analysis

Forecasting

Reporting

Analytics

Compensation Planning

Cost Center Management

Excel

Process Improvement

Variance Analysis

Operating Plan

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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