Principal Financial Analyst

Employer
Medtronic
Location
India
Posted
Jun 17, 2024
Closes
Jun 22, 2024
Ref
4739209482
Work Mode
Work from office
Hours
Full Time
Organization Type
Academia, Corporate
Careers that Change Lives
Performs and analyzes financial modeling, trends, business case / due diligence, variance analysis, forecasting, financial planning and expense comparisons by analysis of profit and loss statements and/or income statements.
Prepares reports of findings and recommendations, compiles and consolidates financial plans and provides insights to management.
This position will enable growth by providing key business insights, operating metrics, financial metrics, management reporting to leadership team, ensure strict adherence to finance policies and procedures and timely and accurate preparation of financial statements.
A Day in the Life
Responsibilities may include the following and other duties may be assigned.
• Analyzing Sales Data: Collecting and analyzing sales data to assess performance, identify trends, and provide insights to the sales team. Analysing industry trends, competitor analysis and prepare findings / recommendations.
• Financial Modeling: Building financial models to support sales initiatives, scenario analysis, and decision-making processes.
• Forecasting Sales Trends: Utilizing historical data and market intelligence to forecast future sales trends and inform strategic decision-making.
• Pricing Strategy Evaluation: Evaluating pricing strategies to optimize revenue and profitability, considering factors such as competition and market trends.
• Cost Reduction Analysis: Identifying opportunities for cost reduction and efficiency improvements to enhance the overall financial performance of sales operations.
• Collaborative Approach: Working closely with sales teams, finance departments, and other stakeholders to align financial goals with sales objectives and drive business success.
• Performance Monitoring: Monitoring key sales performance indicators and metrics to track progress, evaluate performance, and recommend corrective actions if needed.
• Ad-Hoc Analysis: Conducting ad-hoc financial analysis as required to support business projects, initiatives, and decision-making processes.
Must Have: Minimum Requirements
• 8 - 10 years of finance and accounting experience, especially with exposure in product costing
• Worked on organisation level inventory, suggested optimization and drive cost effectivess
• CA- FP&A experience in a MNC is a preferred
• Business partnering experience
• Excellent knowledge of Excel
• Ability to create complex Financial models in Excel
• SAP experience
EDUCATION: Chartered accountant
SPECIALIST CAREER STREAM : Typically an individual contributor with responsibility in a professional discipline or specialty. Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results. May act as a mentor to fellow colleagues.
DIFFERENTIATING FACTORS:
• Strong analytical skills & logical skills.
• Sound accounting knowledge.
• Ability to manage several projects or tasks and conclude timely.
• Experience on an ERP system including General Ledger, automated entries and reporting.
• Be able to independently navigate ambiguous situations and land tangible impact for the business.
• Exercises considerable latitude in determining deliverables of assignments, with limited oversight from manager.
• Provide expertise to fellow colleagues in team deliverables and may participate in cross functional initiatives.
• Develops solutions to moderately complex problems, and/or makes moderate to significant improvements of processes, systems or products independently to enhance performance of job area.
• Implements solutions to problems.
Communication and Influence : Represents organization as a primary contact for specific projects and initiatives; communicates with internal and external customers and vendors at various levels.
Stakeholder Management: To work with different stake holders in getting the business goals delivered and ability to work with Senior leadership team on decision making process.
Innovation : Identify areas for simplification and automation.
#MEICFINANCEJOBS
About Medtronic
Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.
We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.
Physical Job Requirements
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager, recruiter or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.