Senior Accounting Manager (SSC Employee Benefits Accounting lead) at Medtronic

Pune, Maharashtra, India

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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

Management and supervisory experience with one or more employees, typically six or more direct reports, focused on tactical, operational, and some strategic activities
Experience managing a large team consisting of both experienced professionals and managers
Ability to turn department strategy into commercial reality by developing, communicating, and implementing business plans
Ability to receive assignments in objective-oriented terms with latitude to reinterpret objectives
Experience initiating programs or projects based on identified business and/or tactical needs
Decision-making impacting projects, operations, deadlines, resources, funds, and organizational objectives, with budget or P&L accountability for a department, function, or geography
Ability to develop new objectives, operating policies, products, processes, and standards
Skill in addressing complex, difficult, and undefined problems requiring detailed information gathering, analysis, and investigation
Strong communication and influence skills

Responsibilities

Apply principles of accounting to analyze financial information and prepare internal and external financial reports
Maintain or oversee the control of accounts and records in areas such as disbursements, expenses, tax payments, and income
Compile and analyze financial information to record transactions, prepare reports, and review and verify accuracy
Prepare balance sheet, profit and loss, and cash flow statements; prepare and consolidate financial statements and other accounting schedules and reports
Design, modify, install, and/or maintain accounting systems to ensure adequate recognition of financial transactions
Ensure adherence to and communicate accounting and auditing policies, procedures, and internal controls
Handle month-end close (may be responsible)
Provide technical support and accounting for M&A activities (may be responsible)
Oversee technical accounting research for complex business transactions and implementation of new accounting standards (may be responsible)
Manage people, including mentoring, developing, and coaching staff to meet/exceed performance expectations and objectives
Provide leadership to staff, ensuring prioritization of strategic and department-level initiatives, defining performance goals and targets
Conduct performance reviews and staff 1:1s to guide performance management and employee development efforts toward departmental goals
Oversee area of responsibility, manage performance, develop talent, foster engagement and inclusion, communicate business and operational developments, plan, prioritize, and direct responsibilities of direct and/or indirect reports

Skills

Key technologies and capabilities for this role

Financial ReportingPayroll AccountingEmployee Benefits AccountingMonth End CloseInternal ControlsGAAPFinancial StatementsBalance SheetProfit and LossCash Flow StatementsAccounting SystemsM&A AccountingTechnical Accounting Research

Questions & Answers

Common questions about this position

What are the main responsibilities of the Senior Accounting Manager role?

The role involves applying accounting principles to analyze financial information, preparing reports, maintaining accounts for disbursements and expenses, preparing financial statements, designing accounting systems, ensuring adherence to policies and controls, and potentially handling month-end close and M&A accounting.

Does this role involve managing a team?

Yes, it is a people management role focused on overseeing a large team of six or more direct reports, managing performance, developing talent, conducting reviews, and guiding employee development.

What is the employment type for this position?

The position is full-time.

Is the salary or compensation specified for this role?

This information is not specified in the job description.

What experience makes a strong candidate for this role?

Strong candidates will have management experience leading large teams of six or more, expertise in accounting principles, financial reporting, internal controls, and people management skills including mentoring, performance reviews, and talent development.

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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