Principal Financial Analyst

We anticipate the application window for this opening will close on - 7 Aug 2026Careers 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.A Day in the LifeJoin Our Dynamic US Sales Finance COE Team at Medtronic Are you ready to drive the future of finance business partnering at one of the world’s leading medical device companies? Join the Sales Finance COE Team. Our team supports 12 unique Operating Units within the Cardiovascular, Neuroscience and Medical Surgical portfolios as well as Global Commercial Operations. We are looking for a highly motivated and skilled financial professional to provide financial planning, forecasting, reporting, and analysis for the Neuromodulation US Sales Organizations. This position offers the opportunity to collaborate with key stakeholders across various functions, including Sales Finance, Operating Unit CFOs, National Sales Leadership, Sales Compensation and Total Rewards. We are committed to delivering standardized, sustainable, and best-in-class Financial Planning & Analysis (FP&A) support, helping the business unlock its full potential. 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. Why Medtronic? At Medtronic, we are driven by our Mission to alleviate pain, restore health, and extend life. By joining us, you will play a crucial role in our finance team, shaping strategies that impact lives and contribute to the future of healthcare. Responsibilities may include the following and other duties may be assigned. Financial Planning & Analysis (FP&A): Support our US Sales Organizations by performing financial planning, forecasting, and reporting of expenses. Monthly Reporting & Analysis: Prepare and present monthly analysis, commentary, and forecasts, identifying key drivers, performance metrics, risks, and opportunities for leadership. Standardized Reporting: Develop and maintain standardized reporting and analytics to streamline processes across all Operating Units. Annual Operating Plan (AOP): Collaborate with Operating Unit finance teams to develop the annual operating plan and re-occurring forecasts. Compensation Planning: Partner with Total Rewards on annual compensation design meetings, identifying key metrics, modeling cost impacts, and calculating quarterly commissions expense. Expense Gap Analysis: Provide critical analysis to identify actions that close expense gaps and ensure financial targets are met. Cost Center Management: Manage all aspects of our US sales cost centers, including planning, forecasting, and maintaining the cost center structure. Collaboration with Sales Systems: Work with the Sales Systems team to optimize system tools and reporting. Continuous Improvement: Use insights and data to drive continuous process improvements. Relationship Building: Maintain strong working relationships with key functions, including Operating Unit Finance, Total Rewards, Sales Compensation, and Financial Systems. What You’ll Bring to the Team Minimum Qualifications: Bachelor’s Degree ​7+ years of work experience in Finance and/or Accounting or an Advanced Degree with 5+ years of experience Preferred Qualifications:     Bachelor’s Degree in Finance or Accounting Experience in Financial Planning & Analysis (FP&A), including revenue and expense analytics Strong analytical skills and the ability to identify key trends and drivers Excellent communication and presentation skills, with the ability to translate financial data into clear, actionable insights for management Strong organizational and time management skills, with the ability to manage multiple tasks and changing priorities Expertise in using systems and data to provide insightful analysis and implement actionable recommendations High level of business acumen and the ability to influence stakeholders at various levels of the organization Ability to work independently and self-motivate with limited oversight Experience managing projects that require high collaboration across teams and building relationships Familiarity with Medtronic financial systems, including SAP, Onestream, Essbase and Hyperion. Advanced proficiency with Microsoft Office tools such as Excel, PowerPoint, and Word. An MBA or CPA designation is a plus. Ready to make a difference? If you're passionate about financial analysis, business partnering, and driving operational efficiency, we want to hear from you. Join us in supporting Medtronic’s mission to transform healthcare and improve lives around the world. 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 RequirementsThe 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 AlertWe 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 & CompensationMedtronic offers a competitive Salary and flexible Benefits PackageA 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 plansIt 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.If you are applying to perform work for Medtronic, Inc. (“Medtronic”) 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 Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic 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.SummaryLocation: Minneapolis, Minnesota, United States of AmericaType: Full time