Senior Financial Analyst at Medtronic

Fridley, Minnesota, 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 with 4+ years of work experience in Finance and/or Accounting, or advanced degree with 2+ years of experience
(Nice to Have) Degree in Accounting/Finance
(Nice to Have) CPA, CMA, and/or MBA
(Nice to Have) Industry background in manufacturing, healthcare, technology, or consumer products
(Nice to Have) Familiarity with channel sales models, trade spend management, pricing strategy, and distribution chargeback processes
(Nice to Have) Experience in supporting commercial or customer-facing business units, ideally within healthcare, life sciences, or distribution
(Nice to Have) Strong understanding of sales channels, distributor economics, and revenue management
(Nice to Have) Demonstrated success supporting a field sales and/or channel sales organization
(Nice to Have) Exceptional analytical skills, with proficiency in financial modeling, and data visualization tools (e.g. Excel, Power BI, Tableau)
(Nice to Have) Strong business acumen, analytical thinking, and communication skills
(Nice to Have) Comfortable working in a fast paced, results driven environment

Responsibilities

Performs and analyzes financial modeling, variance analysis, forecasting, financial planning, and expense analysis
Business partner with ASC Sales leaders and select operating unit commercial finance partners
Provide in depth revenue and sales performance analytics to assist leadership in growing the business
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
Assist in the AOP (Quota) process for the ASC sales organization
Generate quarterly forecasts and manage the financials to ensure the achievement of key performance metrics
Complete deep dive analysis and reporting required by business including Quarterly Business Reviews (QBR’s), Monthly Financial Reviews (MFRs) and various ad hoc analysis
Identify risks, opportunities, and gaps to forecast and plan. Identify and recommend corrective action plans to mitigate key risks
Review monthly, quarterly, and annual financial performance versus plan and forecast
Partner and support the Sales Finance COE on expense reporting, forecasting, and planning at a cost center level

Skills

Financial Modeling

Variance Analysis

Forecasting

Financial Planning

Expense Analysis

Revenue Analytics

Sales Analytics

Financial Reporting

Business Partnering

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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