Principal Financial Analyst at Medtronic in Minneapolis, Minnesota, United States of America

Job description

• Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.
• A Day in the Life
• The Principal Financial Analyst, Service & Repair (S&R), serves as the finance
• lead supporting the operational and commercial performance of Medtronic’s
• global S&R business. Reporting to the S&R Financial Manager, this individual
• contributor role owns the S&R financial management rhythm, translating
• complex and fragmented inputs into clear performance insights and actionable
• recommendations that support forward-looking forecasts.
• The role will partner closely with S&R operations, commercial leaders, regional
• finance teams, and functional stakeholders to improve visibility into revenue,
• expenses, profitability, investment returns, and key business drivers. The
• successful candidate will combine strong FP&A discipline with a practical
• continuous-improvement mindset. This is a unique opportunity to be a part of
• the fast growing, global S&R business growing double digit topline/bottom line
• and on track to double revenue in 5 years.
• This is an onsite role at least 4 days/week in Fridley, MN and no relocation is available.

Responsibilities

• Own and drive the S&R FP&A calendar, leading monthly close, forecasting, Annual Operating Plan (AOP), and Long-Range Planning (LRP) processes while establishing timelines, assumptions, governance, and accountability across stakeholders.
• Consolidate, analyze, and interpret financial and operational results across regions and functions, proactively identifying performance drivers, emerging risks, growth opportunities, and actions required to deliver financial commitments.
• Influence business decisions by partnering with operational and commercial leaders to develop revenue, pricing, volume, capacity, labor, expense, and margin forecasts, including scenario modeling and strategic trade-off analyses.
• Lead financial evaluation and performance tracking of investments and transformation initiatives, ensuring capital deployment, project spending, resource planning, and benefit realization align with strategic objectives and financial commitments.
• Deliver executive-level insights and recommendations that clearly articulate business performance, opportunities, and required actions to senior leadership.
• Accelerate financial excellence by designing and implementing scalable reporting solutions, controls, templates, dashboards, and process improvements that increase transparency, efficiency, and decision-making effectiveness.
• Serve as a trusted advisor to business leaders, challenging assumptions, influencing priorities, driving alignment, and elevating financial rigor across the organization.
• Lead complex ad hoc analyses and strategic projects that unlock growth, improve profitability, and strengthen operational performance.
• Adapt quickly to changing business needs, proactively identifying solutions and ensuring execution against evolving priorities.
• Develop and continuously enhance standardized KPIs, dashboards, and financial reporting tools that increase visibility, accountability, and performance management across the S&R organization.

Requirements

• Bachelor's degree and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
• Demonstrated experience owning planning, forecasting, reporting, and variance-analysis processes for a complex business or function.
• Intermediate financial modeling, business analysis, and problem-solving skills, with the ability to synthesize large and imperfect data sets.
• Ability to develop executive-ready presentations, performance narratives, and recommendations for senior stakeholders.
• Experience with embed AI-enabled analysis, automation, and reporting capabilities to support business needs
• MBA, CPA, or CFA designation.
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• 7+ years of progressive experience in FP&A, strategic finance, or related roles.
• Intermediate Excel skills and proficiency with financial systems and reporting tools such as SAP, Hyperion, OneStream, Anaplan, Power BI, or Tableau.
• Strong communication, collaboration, and influencing skills in a global, matrixed environment.
• Experience with transfer pricing, cost allocation, chargeback, warranty, or profitability analysis.
• Experience in MedTech, healthcare, manufacturing, or another regulated global organization.
• Experience improving financial processes, reporting automation, or data governance.
• Familiarity with AI-enabled productivity, analytics, or enterprise-search tools, such as Glean, and an ability to apply them responsibly in a finance environment.
• For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Skills

Required

• Intermediate financial modeling
• Business analysis
• Problem-solving
• Synthesize large and imperfect data sets
• Executive-ready presentations

Preferred

• Intermediate Excel skills

Benefits

• Medtronic offers a competitive Salary and flexible Benefits Package
• A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
• Salary ranges for U.S (excl. PR) locations (USD):$110,400.00 - $165,600.00
• This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
• The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).
• The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
• The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
• Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
• Medtronic benefits and compensation plans