Senior Financial Analyst

We anticipate the application window for this opening will close on 8 Jun 2026.

At Medtronic you can begin a lifelong career of exploration and innovation, while helping champion healthcare access and equity for all.

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.

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

• 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, One Stream, 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…