Sr Finance Program Manager at Medtronic

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, Diabetes TechnologyIndustries

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, Engineering, or a related field
7+ years of progressive FP&A / program-finance experience, including ≥ 3 years directly supporting product-development or R&D teams
Or, advanced degree and 5+ years of progressive FP&A / program-finance experience, including ≥ 3 years directly supporting product-development or R&D teams
Work on-site at Northridge, CA office at least 3 days per week

Responsibilities

Own the full financial picture—OPEX, CAPEX, lifetime P&L, NPV/IRR, and unit economics—for each program
Build, manage, and analyze program-level business case financials for phase-gate and portfolio reviews
Create the annual budget, long-range plan, rolling forecasts and lead risk / opportunity assessments
Track, monitor, and manage spend and headcount, provide real-time variance analysis, and drive corrective-action planning with project managers
Perform ad-hoc financial analyses and special projects as assigned
Lead should-costing, design-to-value, make-vs-buy, and manufacturing-footprint analyses with Engineering, Sourcing, and Operations to safeguard margin goals
Translate technical milestones and program risks into clear financial insights for executive management reviews and updates
Run scenario and sensitivity models to quantify schedule, scope, and design trade-offs
Ensure adherence to Medtronic accounting policies, R&D capitalization rules, SOX requirements, and external audit requests
Conduct post-implementation financial reviews to capture lessons learned and feed future roadmaps
Modernize finance processes with digital dashboards, earned-value metrics, and automation tools

Skills

Financial Modeling

OPEX

CAPEX

P&L

NPV

IRR

Unit Economics

Business Case

Budgeting

Long-Range Planning

Phase-Gate Reviews

Portfolio Management

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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