Senior Financial Analyst

Senior 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

The Senior Financial Analyst (SFA) is an established individual contributor within the R&D Finance Center of Excellence (CoE), supporting the Cranial & Spinal Technologies (CST) R&D organization within the Neuroscience portfolio. This role provides financial planning and analysis support across CST R&D capital investments and Infrastructure cost centers, while also supporting related areas such as TDC and Facilities.

The SFA partners closely with CST R&D Infrastructure leadership, finance teams, and cross-functional stakeholders to develop financial plans, deliver accurate reporting and variance analysis, and provide insights that support effective decision-making and financial discipline across the organization. This role plays an important part in managing the financial lifecycle of R&D capital investments, maintaining cost center financial transparency, and ensuring strong financial controls and reporting.

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 a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.

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

• Lead planning, forecasting, and analysis for CST R&D capital spending across the Annual Operating Plan (AOP) and Latest Best Estimate (LBE) cycles.
• Prepare and manage capital actuals reporting and support the preparation of capital forecasts and LBEs in partnership with business stakeholders.
• Monitor capital spending, perform variance analysis, identify key drivers, and provide forward-looking insights and recommendations.
• Maintain and manage the Capital in Progress (CIP) project list, including creating new capital projects, monitoring project progress, and ensuring accurate financial tracking.
• Support the full capital lifecycle, including project setup, monitoring capital spend, and placing completed projects into service.
• Estimate and monitor depreciation expense associated with capital investments.
• Partner with CST R&D Infrastructure leadership to develop and maintain cost center financial plans across AOP and LBE cycles.
• Monitor Infrastructure spending against plan and provide clear variance explanations, risks and opportunities, and recommended actions.
• Provide financial reporting and transparency for non-project Infrastructure spending to support effective financial management.
• Provide financial support and analysis for related areas such as TDC and Facilities as needed.
• Support monthly, quarterly, and annual close processes related to capital and infrastructure spending, including journal entries, accruals, reconciliations, and reporting.
• Ensure adherence to finance policies, internal controls, and data quality standards.
• Apply R&D Finance CoE standards, tools, and best practices to promote consistency, efficiency, and high-quality financial insights across supported areas.
• Build strong partnerships with R&D leaders, Infrastructure stakeholders, and finance partners to support sound financial decision-making.
• Perform other ad-hoc analysis and responsibilities as assigned.

Minimum Requirements:

• Bachelor's Degree with 4+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 2+ years)

Nice to Have:

• Bachelor's degree in Finance, Accounting, or related field; CPA/MBA preferred.
• 3+ years of relevant financial analysis experience, ideally in an R&D or manufacturing environment.
• Advanced proficiency in Excel and experience with SAP, OneStream, or comparable ERP/forecasting tools.
• Strong understanding of GAAP/IFRS accounting standards.
• Demonstrated ability to drive process improvements and manage multiple priorities.
• Exceptional communication and presentation skills.
• Experience with labor costing, timesheet systems, and financial system integrations.
• Familiarity with master data management and audit requirements.

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.

Join us in our mission to alleviate pain, restore health, and extend life—where your unique background and perspective are valued.

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):$88,000.00 - $132,000.00This 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

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 95,000+ 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.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national