Principal Financial Analyst

Overview

The Principal Financial Analyst is a key financial leader supporting a portfolio of strategic GO & SC initiatives totaling approximately $0.7B. The role drives financial planning, forecasting, governance, and performance management from project inception through closeout, ensuring projects achieve targeted business outcomes.

• Partner directly with strategic project managers to identify, assess, and mitigate 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.

• 7+ years of experience with a bachelor’s degree or 5+ years of experience with an advanced degree.
• Strong communication skills and comfort with ambiguity and change management.
• Excellent verbal and written communication; strong financial modeling, analytical, and critical thinking skills.
• Experience navigating and working within a matrix organization.
• Experience with Medtronic financial systems including SAP, One Stream, and Planisware Cost Accounting.
• Proficient in Microsoft Excel, Word, and PowerPoint.
• Solid accounting (GAAP) and business management foundation.
• Knowledge of Operations and/or accounting for Operations preferred.
• For Baccalaureate degrees earned outside the United States, a degree that satisfies the requirements of 8 C.F.R. §214.2(h)(4)(iii)(A) is required.

• Competitive salary range ($ – $ USD) for U.S. locations (excluding Puerto Rico).
• Short‑term incentive via the Medtronic Incentive Plan (MIP).
• Health, dental, vision, HSA, HRA, life insurance, long‑term disability, dependent daycare, tuition assistance/reimbursement, and global well‑being program.
• 401(k) plan with employer contribution and match; short‑term disability; paid time off; paid holidays; employee stock purchase plan; employee assistance program; non‑qualified retirement plan supplement; and capital accumulation plan for eligible positions.

The role requires independent mobility, interacting with a computer, and communication with peers and coworkers. Reasonable accommodations may be made to enable individuals with disabilities to meet the essential functions.

U.S. work authorization sponsorship (such as H‑1B, TN, J) is offered exclusively for Principal‑level roles and above. Roles below the Principal level require unrestricted U.S. work authorization at hire and for the duration of employment.

Medtronic is an equal opportunity employer. We provide equal employment opportunity regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity, or expression, genetic information, marital status, status under public assistance, veteran status, or any other characteristic protected by federal, state, or local law. The company provides reasonable accommodations for qualified individuals with disabilities.