Senior Accountant (SSC Procure to Pay Sr accountant) 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

Experience with SAP and end-to-end accounts payable processes (Procure to Pay)
Ability to oversee invoice processing, vendor management, reconciliations, compliance, and process improvements
Partnership experience with Business Process Outsourcing (BPO) providers
Serve as key point of contact for internal stakeholders, vendors, and BPO team
Knowledge of accounting principles for analyzing financial information
Familiarity with month-end close processes
Experience with technical accounting research for complex transactions and new standards
Potential involvement in M&A technical support and accounting

Responsibilities

Applies principles of accounting to analyze financial information and prepares internal and external financial reports
Maintains or oversees the control of accounts and records in areas such as disbursements, expenses, tax payments, and income
Compiles and analyzes financial information to record transactions, prepare reports, and review and verify accuracy
Prepares balance sheet, profit and loss, and cash flow statements; prepares and consolidates financial statements and other accounting schedules and reports
Designs, modifies, installs, and/or maintains accounting systems to ensure adequate recognition of financial transactions
Responsible for adherence to and communication of accounting and auditing policies, procedures, and internal controls
May be responsible for month-end close
May be responsible for technical support and accounting of M&A activities
May oversee technical accounting research for complex business transactions and implementation of new accounting standards
Other duties may be assigned

Skills

Key technologies and capabilities for this role

SAPAccounts PayableProcure to PayVendor ManagementReconciliationsFinancial ReportingAccounting PrinciplesInvoice ProcessingComplianceProcess Improvements

Questions & Answers

Common questions about this position

What is the employment type for this Senior Accountant position?

This is a full-time position.

Is this Senior Accountant role remote or office-based?

This information is not specified in the job description.

What are the key responsibilities for the Senior Accountant in Procure to Pay?

Responsibilities include applying accounting principles to analyze financial information, preparing reports, maintaining accounts for disbursements and expenses, overseeing invoice processing, vendor management, reconciliations, compliance, and process improvements using SAP.

What is the work environment like at Medtronic's Global Diabetes Capability Center?

The role is based in the expanding Global Diabetes Capability Center in Pune, a state-of-the-art facility focused on transforming diabetes management through innovation, with opportunities in a team poised for growth following the potential separation of the Diabetes division.

What skills or experience make a strong candidate for this Senior Accountant role?

Strong candidates will have expertise in accounting principles, financial analysis and reporting, accounts payable processes, SAP systems, vendor management, and process improvements, with the ability to oversee BPO partnerships and handle complex transactions.

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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