Senior Finance Manager - Supply Management & Contract Manufacturing

Medtronic Inc. Minneapolis , MN 55415

Posted 2 months ago

Careers that Change Lives

This position provides financial leadership to RTG Supply Management and Contract Manufacturing. The role partners with other RTG and Corporate Finance Leaders, Supply Management Leaders and Contract Manufacturing Leaders focusing primarily on leading analyses, processes, and metrics to establish reporting to drive strategies, drive cost savings initiatives and projects, ensure quality, and improve service delivery. This position reports to the RTG Operations Finance Director for Supply Chain, Supply Management and Contract Manufacturing.

Impact patient outcomes. Come for a job, stay for a career.

A Day in the Life

Lead the financial Planning and Analysis for RTG Global Supply Management and Contract Manufacturing. Provide financial leadership on critical decisions impacting Supply Management and Contract Manufacturing.

  • Decision support for VP Supply Management and VP Contract Manufacturing and their leadership teams.

  • Lead the Annual Operating Plan (AOP), budgeting and forecasting process for RTG Supply Management and Contract Manufacturing across all BUs

  • Provide actionable reporting and scorecards for Supply Management and Contract Manufacturing.

  • Drive opportunity assessments in Supply Management and Contract Manufacturing to define strategies to improve performance.

  • Develop and maintain highly capable decision support methods and techniques for both strategic and ongoing tactical projects.

  • Drive process improvement and improved controls for FP&A Activities, improve accuracy & timeliness of analysis and reduce process cycle times

  • Develop & maintain weekly short-term forecasting process for mid-quarter trajectory adjustments providing business partners advanced warning to put mitigations in place

Provide financial modeling on Supply Management and Contract Manufacturing strategic plan, strategic projects, and continuous improvement initiatives. Examples include, but are not limited to:

  • Develop business cases, world-class analytics and models to drive timely decision making, visibility, performance & predictability

  • Lead PPV forecasting, analyze supplier savings, manage rebates and discounts, should cost modeling, payment terms, supplier selection & rationalization

  • Deployment of consistent models to support decisions making & 6% cost down achievement (i.e. NPV models, make vs buy decisions)

  • Perform ad hoc strategic projects as requested

  • Partner on supplier rationalization projects and key leverage indicators

  • Lead Cost to Serve Modeling / TCO analysis on vendor selection and to ensure the best outcome for RTG is achieved.

  • Partner with Manufacturing teams to assess internal capabilities for insourcing opportunities, while driving supplier capability assessments, exit strategies, financial and quality risk measurements, and service delivery performance.

  • Identify through robust analysis, reporting, and scorecards cost improvement opportunities within RTG Supply Management and Contract Manufacturing.

Lead period-end (both monthly and quarterly) results:

  • Review monthly performance indicators, variance reports, cost pools, and drivers of spend with Supply Management, Contract Manufacturing and Finance Leadership to identify financial savings opportunities, ensure timely partnership with the business units around reporting, analytics, and education/messaging.

  • Lead monthly/quarterly analysis of RTG Supply Management and Contract Manufacturing KPI's/metrics including communications with RTG Operations and RTG Finance partners.

  • Manage RTG Business units' financial updates for monthly Global Supply Management and Contract Manufacturing reporting packages, including Group level Quarterly Business Reviews (QBR's), and presentations to Operations leadership.

Lead talent management and development activities for a team of 5 finance professionals

  • All activities must be performed in compliance with the Quality System.

  • Performs duties in compliance with environmental, health and safety related site rules, policies or governmental regulations.

  • All other duties as assigned.

Must Have: Minimum Requirements

  • 7+ years business experience with a Bachelor's Degree; or, 5+ years business experience with a Master's Degree;

  • 5 years of managerial experience

  • Exceptional leadership and business partnering skills

  • Demonstrated ability to take ownership of projects and ability to work with various levels of management

  • Demonstrated ability to work effectively in a team environment

  • Strong quantitative analysis and problem solving skills

  • Strong communication, presentation, organizational and interpersonal skills

  • High integrity and self-confidence

  • Solid accounting (GAAP), financial and business management foundation

  • Proficient in Microsoft Office package (Excel - including use of macros and lookup tables, Word, PowerPoint)

Nice to Have:

  • Medtronic business unit experience

  • Experience with GFS/Hyperion Essbase, Spend, and SAP

  • Experience in Manufacturing Operations, Supply Management or Contract Manufacturing

  • MBA / CPA

  • Ability to work well under pressure and maintain positive, enthusiastic attitude

  • Eagerness to learn and expand responsibilities

  • High degree of initiative and self-motivation

  • Ability to work in a fast paced environment

About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.

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 Day in the Life 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.


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.

This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here:

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Senior Finance Manager - Supply Management & Contract Manufacturing

Medtronic Inc.