Senior Financial Analyst operations at Medtronic

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, ManufacturingIndustries

Requirements

Bachelor's degree and minimum of 4 years of relevant experience, or advanced degree with a minimum of 2 years relevant experience
Strong communication and interpersonal skills, with the ability to influence and engage diverse stakeholders effectively (Nice to Have)
Strong analytical and quantitative skills, with expertise in variance analysis and delivering actionable insights (Nice to Have)
Proven ability to work independently in a dynamic, fast-paced environment while managing multiple priorities and deadlines (Nice to Have)
Collaborative team player with the ability to build strong relationships across geographies and time zones (Nice to Have)
Proficiency in Microsoft Excel and PowerPoint; experience with business intelligence and reporting tools is a plus (Nice to Have)
Strong problem-solving and strategic thinking capabilities (Nice to Have)
Proficiency in project management and change management (Nice to Have)

Responsibilities

Serve as the key FP&A contact for manufacturing sites across the Central region, focusing on volume KPIs, as part of the GOSC FP&A Volume Team
Lead the consolidation, review, and analysis of weekly volume KPIs for the region’s manufacturing sites. Investigate and understand drivers of variances (e.g., absorption, product mix) and proactively escalate concerns as needed
Lead volume assumption planning for Annual Operating Plans and quarterly forecasts for the Central region, managing detailed KPI planning across offline models, OneStream, and other tools
Serve as a strategic business partner to manufacturing region Platform sites, providing insights into volume drivers, absorption trends, earned hours, production units, and related metrics
Drive process improvement and simplification initiatives to enhance efficiency and effectiveness. Support the development and implementation of best practices for Volume KPI planning, analysis, and reporting
Identify and communicate forecast risks and opportunities by analyzing trends and expected changes
Partner with Manufacturing Site Operations, Finance teams, and Global Manufacturing FP&A to develop analyses, processes, and presentation materials that translate data into impactful financial narratives
Collaborate with the Data & Analytics team to align online reporting tools (e.g., Weekly Volume Absorption dashboards) with weekly manufacturing region volume reports. Analyze outputs to deliver actionable insights
Deliver ad-hoc analyses, special projects, and data preparation to meet internal customer needs

Skills

Key technologies and capabilities for this role

FP&AFinancial PlanningVariance AnalysisKPI AnalysisVolume PlanningManufacturing FinanceForecastingAbsorption AnalysisProduct Mix AnalysisExcelConsolidation

Questions & Answers

Common questions about this position

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

The role requires working a minimum of 4 days a week onsite to foster professional growth and cross-functional collaboration. There is no relocation assistance provided.

What are the key responsibilities of the Senior Financial Analyst role?

Responsibilities include leading consolidation, review, and analysis of weekly volume KPIs for manufacturing sites, volume assumption planning for annual plans and forecasts, serving as a strategic partner to sites, driving process improvements, and partnering with teams for analyses and reporting.

What is the salary or compensation for this position?

This information is not specified in the job description.

What is the company culture like at Medtronic?

Medtronic values what makes you unique, thinks differently to solve problems, fosters professional growth and cross-functional collaboration through in-person exchanges, and emphasizes putting patients first with bold ideas and innovation.

What makes a strong candidate for this Senior Financial Analyst position?

Strong candidates should have expertise in financial planning and analysis, particularly with volume KPIs, manufacturing metrics like absorption and product mix, proficiency in tools like OneStream and offline models, and the ability to partner strategically while driving process improvements.

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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