Principal Financial Analyst

Principal Financial Analyst

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.

At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We're working onsite 4 days a week as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. The person in this role will work from the Medtronic Operational HQ facility located in Fridley MN. This role will require up to 10% of travel to enhance collaboration and ensure successful completion of projects. The Principal Financial Analyst serves as a key financial leader supporting a portfolio of strategic GO&SC initiatives totaling approximately $0.7B in active investments. The role drives financial planning, forecasting, governance, and performance management from project inception through closeout. Partnering closely with project managers and cross-functional leaders, this individual will shape investment decisions, deliver actionable financial insights, mitigate risks, champion financial accountability, and ensure projects achieve targeted business outcomes. The role will also establish reporting standards, enhance portfolio visibility, and strengthen governance processes to improve predictability, transparency, and value realization across the organization.

Responsibilities may include the following and other duties may be assigned.

• Partner directly with strategic project managers to identify, assess, and escalate financial risks and opportunities, quantify business impacts, and drive projects to successful execution and value realization.
• Influence key business decisions by delivering actionable financial insights, developing robust business cases, validating savings opportunities, and ensuring alignment with financial policies and objectives.
• Lead continuous improvement initiatives that streamline reporting, enhance financial transparency, and increase focus on value-creating activities across the project portfolio.
• Own and execute month-end financial processes, including WBS and cost center management, expense reclassifications, financial reconciliations, consolidation activities, and SAP/Planisware data integrity reviews.
• Drive annual strategic planning, capital prioritization, budgeting, forecasting, and financial performance tracking to support organizational goals and investment decisions.
• Develop and deliver clear, compelling financial presentations and executive-level insights for Monthly Financial Reviews, Quarterly Business Reviews, and program governance forums.
• Collaborate across Manufacturing Platforms, Enterprise Operations FP&A, and Strategy & Technology teams to ensure financial alignment, accountability, and execution of approximately $700M in strategic initiatives.
• Establish disciplined governance, standard reporting practices, and performance metrics that improve predictability, accountability, and transparency across the project portfolio.

MUST HAVE (Minimum Requirements)

• 7+ years of experience with a bachelor's degree or 5+ years of experience with an advanced degree

NICE TO HAVE (Preferred Qualifications)

• Collaborator with excellent verbal and written communication skills
• Comfort with ambiguity and change management
• Active team member that will implement change, improve visibility, and drive impactful results across the GO&SC organization
• Strong financial modeling, analytical, and critical thinking skills including a proven ability to translate financial data into actionable insight
• Exposure to Operations and/or accounting for Operations
• Experience in navigating and working within a matrix organization
• Experience with Medtronic financial systems including SAP, One Stream, and Planisware
• Cost Accounting Experience
• Solid accounting (GAAP), financial and business management foundation
• Proficient in Microsoft Excel, Word, PowerPoint

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.

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. 

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 or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Recruitment Fraud Alert

We are aware of phishing scams targeting job seekers. Please keep the following in mind:

Apply only through official Medtronic channels. All legitimate Medtronic recruiting communications come from approved Medtronic platforms and official @medtronic.com email addresses.

Medtronic will never ask for payment or sensitive personal information (such as bank account or Social Security details) during early stages of the hiring process. Any such requests are not legitimate.

If you receive a suspicious message claiming to be from Medtronic, do not respond, click links, or open attachments.

If you have any questions, concerns regarding the authenticity of a communication alleged to have been made by or on behalf of Medtronic, please contact us immediately at View email address on click.appcast.io.

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.

Salary ranges for U.S (excl. PR) locations (USD):$110,400.00 - $165,600.00This 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.

Further details are available at the link below:

Medtronic benefits and compensation plans

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.

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