Principal Financial Analyst at Medtronic

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ 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

Deliver timely period-end closing for month end, quarter end, and year end, working closely with Financial Shared Services and support functions
Deliver financial close and reporting in compliance with US GAAP and local statutory financial standards
Compile and analyze financial information to record transactions, prepare reports, and verify accuracy
Prepare journal entries and balance sheet account reconciliations; strengthen balance sheet controls
Work with external auditors and tax consultants to support on-time statutory audits, corporate tax, and indirect tax filings
Support internal control requirements, including SOX compliance
Support legal-entity fiduciary responsibilities as needed
Provide technical accounting support for M&A transactions impacting the Diabetes Operating Unit
Oversee technical accounting research for complex business transactions and new accounting standard implementations
Support continuous improvement initiatives and ad-hoc finance and reporting projects
Support duties related to the diabetes division separation effort for Day-1 readiness of the Record-to-Report workstream

Skills

Key technologies and capabilities for this role

US GAAPFinancial ReportingPeriod-End CloseAudit CoordinationStatutory ReportingTechnical AccountingProcess ImprovementInternal ControlsRecord-to-ReportMonth-End CloseQuarter-End Close

Questions & Answers

Common questions about this position

What are the main responsibilities of the Principal Financial Analyst role?

The role involves supporting day-to-day accounting and financial reporting, including period-end close under US GAAP, audit coordination, finance process improvements, and Day-1 readiness for the Record-to-Report workstream in the Diabetes division separation.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What skills or experience are needed for this Principal Analyst role?

Key skills include expertise in US GAAP period-end closing, financial reporting, balance sheet reconciliations, SOX compliance, technical accounting research, audit support, and process improvements.

What is the company culture like at Medtronic for this role?

The culture emphasizes innovation, exploration, leading with purpose, breaking barriers to healthcare access and equity, and operating with speed and agility, especially with the Diabetes division separation to drive growth and patient impact.

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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