Principal Financial Analyst

Principal Financial Analyst

At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world.

About the Role

A Principal Financial Analyst specializing in Contract Manufacturing (CM) and Volumes is a senior-level finance leader who serves as the financial authority on all matters related to third-party manufacturing economics and volume-driven financial performance. This role combines deep cost accounting expertise with strategic analytical leadership, ensuring that contract manufacturing decisions are financially optimized, volume assumptions are rigorously validated, and enterprise financial outcomes are achieved with precision and accountability. This role is onsite 3 days per week in Northridge, CA.

Main responsibilities may include the following and other duties may be assigned.

Related to Contract Manufacturing:

• Serve as the enterprise financial authority for all contract manufacturing operations
• Own end-to-end financial accountability for CM costs across the global network: Finished goods contract production costs, Component and sub-assembly
• Develop and maintain sophisticated CM cost models by:
• Lead CM financial governance framework including: contract financial review, cost escalation clause management, benchmarking, Make vs. buy financial analysis.
• Assess financial health and risk of contract manufacturing partners
• Ensure financial reconciliation between CM operational plans and financial forecasts
• Identify and resolve disconnects between volume signals and CM cost projections
• Develop integrated COGS impact models for CM volume decisions

Related to Volume:

• Overall Identify and quantify financial gaps and risks within the IBP process
• Drive financial scenario planning to support decision-making
• Ensure alignment between IBP outputs and demand planning in OneStream
• Perform comprehensive volume variance analysis: Volume mix, Actual vs budget disconnects, absorption variance due to volume changes, other
• Partner with Commercial Finance on demand-side volume assumptions
• Partner with Operations on supply-side volume capabilities and constraints

This role operates at the highest individual contributor level, sitting at the nexus of Finance, Supply Chain, Commercial, and Operations — driving enterprise-wide financial planning integration through the IBP process while owning the financial dimensions of volume and inventory management

Must Have: Minimum Requirements

• Bachelor's degree in Finance, Accounting, Economics, or Supply Chain and 7+ years in FP&A, Supply Chain Finance, or Manufacturing Finance
• Or, advanced degree and 5+ years of experience

Nice to Have

• Advanced Excel, SAP/Oracle
• GAAP/IFRS knowledge
• MBA or Master's in Finance / Supply Chain preferred
• Standard costing, inventory valuation, absorption
• Medical Device, Pharma, or Manufacturing strongly preferred

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.

Benefits & Compensation

MiniMed offers a competitive salary and flexible benefits package

At MiniMed, we put people first. A commitment to our employees lives at the core of our values: We recognize their contributions. They share in the success they help create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every stage of your career and life.

Salary ranges for U.S (excl. PR) locations (USD):$109,000.00 - $185,000.00

For roles located in California, Seattle WA, Washington DC, Boston MA, and New York City, the salary range is $121,000 - $205,000 USD.

Actual compensation may vary based on factors including experience, education, certifications, skills, market conditions, internal equity, and geographic location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

This position is eligible for a short-term incentive called the Short Term Incentive (STI).

At MiniMed, we are committed to supporting the well-being and financial security of our employees. Regular employees working 20 or more hours per week are eligible for a robust benefits package, including health, dental, and vision insurance, as well as access to a Health Savings Account, Healthcare Flexible Spending Account, life insurance, long-term disability leave, and a dependent daycare spending account. In addition, all regular employees enjoy incentive plans, a 401(k) plan with company match, short-term disability coverage, paid time off and holidays, participation in our Employee Stock Purchase Plan, and access to our Employee Assistance Program. Eligible employees may also benefit from our Non-qualified Retirement Plan Supplement and Capital Accumulation Plan, subject to IRS minimum earnings requirements. Please note that "regular employees" refers to those who are not temporary staff, such as interns, and some benefits may not apply to employees in Puerto Rico.

For further details about our comprehensive benefits, we encourage you to visit the link below.

MiniMed Benefits Overview

About MiniMed

MiniMed is a full-stack insulin delivery company dedicated to supporting people living with diabetes through every step of their journey — when and how they need it. For more than 40 years, we've been committed to redefining what's possible: intelligent dosing systems designed for real life, predictive insights that stay a step ahead, and always on support when it's needed most. At the heart of everything we do is a simple Mission: to make every day a better day for people with diabetes.

Learn more about our business, and our mission here.

It is the policy of MiniMed 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, familial status, membership or activity in a local human rights commission, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, MiniMed will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for MiniMed in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which MiniMed reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. MiniMed will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.