Senior Financial Analyst

A Day in the Life

The Global Operations and Supply Chain (GOSC) Strategic Costing FP&A team partners across Operations, Supply Chain, and business leadership to provide financial insights that support gross margin performance and long-term value creation. This team plays a key role in understanding, analyzing, and communicating product cost and gross margin drivers across the Cardiovascular portfolio, helping to inform business decisions and support strategic initiatives. This position is located in Minneapolis, Minnesota and follows a flex work model with an in-office expectation of four days per week. Minimal travel is expected. This position is critical to enable sustainable gross margin expansion while adding value through superior business partnering. This role will work closely with GOSC and OU business partners. The successful candidate will be responsible for sharing real-time results, detailed product costing insights, and support strategic initiatives.

As a Senior Financial Analyst supporting the GOSC Strategic Costing FP&A team, you will provide financial analysis and business partnership focused on product costing, gross margin performance, and operational financial results across the Cardiovascular portfolio. This role works closely with Operations, Supply Chain, and Operating Unit leaders to deliver actionable insights, communicate performance drivers, and support initiatives that enable sustainable gross margin expansion.

Responsibilities:

• Develop a deep understanding of product costs and key drivers of cost
• Gather historical information and summarize data to highlight gross margin trends
• Work cross functionally to collaborate and align strategies across GOSC and the Cardiovascular Portfolio teams
• Lead OU presentation of the GOSC impact on Gross Margin analysis and provide financial performance commentary to various levels of management
• Partner cross functionally in support of the AOP and quarterly forecasts, to ensure forecasts are accurate by OU and allocations/targets are clearly understood and consistently applied
• Work with OUs and Portfolio to increase visibility to cost drivers within the cost pools and identify opportunities for cost savings
• Lead cost roll reconciliation for specific OUs within the CV Portfolio, summarize impact of cost changes and review impact with cross functional teams

Minimum Requirements:

• Bachelor's degree required
• 4+ years relevant experience (2+ years with an Advanced degree)
• Strong ability to partner with senior leadership and partner through others, facilitates decision-making activities, builds relationship networks at all levels, and leads change
• Strong financial analysis and accounting skills

Preferred Requirements:

• Is a team player in a matrix structure
• Strong communication skills and excellent interpersonal skills
• Strong quantitative and analytical skills for creating actionable insights and analysis
• Experience with Medtronic financial systems: SAP, Essbase/Hyperion & Business Objects
• Experience with Microsoft Office tools including Excel, PowerPoint, and Word

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.

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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 - $132,000.00. Pay range / Rango salarial / Intervalo salarial /Fascia retributiva / Tranche de salaire / Gehaltsband / Salaribereik: Ireland: 61,600.00 EUR - 92,400.00 EUR. This 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.

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.