Senior Financial Analyst

CAREERS THAT CHANGE LIVES

We are a learning culture. An inventive and collaborative group. We are dedicated to making sure that ever patient gets the best product -

when they need it. We have strong ties to our local communities. Our vibrant employee communities respect and value individual experience and perspective as we aim to improve lives and access to healthcare.

Medtronic's Supply Chain is at the heart of the company, focused on ensuring the right product is in the right place at the right time to meet our customer's and patient's needs. The Supply Chain Function is responsible for balancing supply and demand across the organization; ensuring we have the optimized amount of inventory to meet worldwide demand for Medtronic's vast array of businesses and products.

Are you a data-driven financial analyst with a passion for supply chain optimization? We are seeking a Senior Financial Analyst to join our dynamic Supply Chain Finance team. This role offers an exciting opportunity to shape the financial future of our organization by leveraging your analytical skills and business acumen.

Location: Fort Worth, TX; Minneapolis, MN. Team and Business partners will be located globally.

Travel: Less than 25%

A Day in the Life

Our Senior Financial Analyst thrives on numbers, models, and collaboration. In this role, you will be responsible for supporting manufacturing sites accurate inventory and scrap forecasts, building sophisticated financial models, and utilizing operational analytics to predict financial outcomes.

You'll collaborate with operational and financial stakeholders to translate these models into practical business insights, focusing on key performance indicators such as GMROI, inventory weeks, and scrap as a % of COGS. A deep understanding of P&L, income statements, and balance sheets is critical.

Responsibilities:

• Financial Modeling: Build sophisticated financial models for regular forecasting, incorporating historical data, market trends, and operational insights.

• Operational Analytics: Utilize tools such as Microsoft Excel and Power BI to analyze supply chain data, identify patterns, and predict financial outcomes.

• Model Translation: Translate complex models into practical business insights, collaborating with Supply Chain and Operations stakeholders to drive adoption.

• Business Partnering: Collaborate with Ops Scheduling, Inventory COE, Global Manufacturing FP&A and Manufacturing Sites Finance partners to understand forecasts, production schedules and inventory impact.

• Continuous Improvement: Bring a mindset of CI to all aspects of the job including recurring processes and ad-hoc projects

Key Performance Indicators (KPIs):

• Inventory Weeks: Monitor inventory turnover and optimize stock levels.

• GMROI (Gross Margin Return on Inventory): Evaluate the effectiveness of inventory investments.

• Scrap as a % of COGS: Identify cost-saving opportunities related to scrap management.

Financial Acumen:

• Understand Profit and Loss (P&L) statements, income statements, and balance sheets to provide strategic recommendations.

Must Have: Minimum Requirements

• Bachelors degree required

• Minimum of 4 years of relevant experience in Finance and/or Accounting, or advanced degree with a minimum of 2 years relevant experience

Nice to Have

• Strong business partnering and influencing skills

• Working experience supporting manufacturing facilities

• Team player with strong communication/presentation skills

• Experience with Medtronic financial systems: SAP & Essbase/Hyperion

• Ability to think big (strategically) and deep dive (tactically)

• Ability to work effectively in a team environment.

• Demonstrated ability to build and manage financial models for business forecasting, variance analysis, and problem solving

• Desire to learn and develop for future opportunities and job growth

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 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, recruiter or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)

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. Learn more about our benefits here.

This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) here.

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).