Principal Financial Analyst

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the Life
SUMMARY OF POSITION:
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.
KEY RESPONSIBILITIES WILL INCLUDE:
Responsibilities may include the following, and other duties may be assigned:
- Accountable for designing, leading, and implementing inventory and SOGL management programs that will improve the effectiveness of inventory investments and lower P&L OPC-related costs.
- Advise on inventory trending, SOGL impacts, and market trending to help influence the impact of the annual operating plan, forecasts, strategic plan, commercial operating plan, and quarterly business reviews.
- Provide analytical support & insights to optimize performance, including financial statement analysis, KPIs, business performance commentary.
- Routinely communicate financial and operational performance trends, historical and forecast, using appropriate metrics. Suggest trends, resulting implications, key actions, and strategic implications.
- Perform scenario modeling efforts for the development and growth of the portfolio.
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
- Ability to manage several projects or tasks and conclude timely.
- 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.
BASIC 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 especially costing module
EDUCATION: Chartered accountant
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.?
Benefits & Compensation
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.
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
About Medtronic
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 90,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here (http://www.medtronic.com)
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We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 90,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
We change lives . Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That's who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.
We build extraordinary solutions as one team . With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.
This life-changing career is yours to engineer . By bringing your ambitious ideas, unique perspective and contributions, you will...
- Build a better future, amplifying your impact on the causes that matter to you and the world
- Grow a career reflective of your passion and abilities
- Connect to a dynamic and inclusive culture that welcomes the challenge of life-long learning
These commitments set our team apart from the rest:
Experiences that put people first . Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.
Life-transforming technologies . No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.
Better outcomes for our world . Here, it's about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.
Insight-driven care . Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care
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.
For sales reps and other patient facing field employees, going into a healthcare setting?is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.
This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .
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