Principle Accountant

USA-MiniMed Distribution Corp. 1018; Pune District; Hybrid; INR 1,200,000 - 2,400,000; Full time

Benefits offered by this job

Flexible benefits

Job summary

MiniMed in Pune, India, is seeking a Principal Accountant in the Employee Benefits Accounting Team. You will manage employee benefit accounting operations, ensure US GAAP compliance, and deliver timely financial reporting across geographies.

You will collaborate with HR and finance, support SAP S/4HANA processes, and drive improvements in payroll accounting while aligning with corporate standards and TSA exit plans.

Qualifications

• Bachelor's degree in accounting or finance; CPA preferred.
• 8–10 years of progressive accounting experience, focusing on employee benefits or payroll.
• Strong knowledge of US GAAP and local statutory requirements.
• Experience with SAP S/4HANA or similar ERP; TSA exit experience is a plus.
• Excellent analytical, organizational, and communication skills.
• Ability to collaborate in a cross-functional, multicultural environment.
• High attention to detail and accuracy.

Responsibilities

• Lead employee benefit accounting operations for Diabetes International, ensuring accuracy and compliance with US GAAP and local statutory requirements.
• Manage employee benefit-related journal entries, account reconciliations, and financial reporting, maintaining data integrity.
• Collaborate with HR and finance teams to ensure payroll data integrity and timely processing of employee benefits.
• Support the implementation and optimization of employee benefit accounting processes within SAP S/4HANA, particularly for TSA exit planning.
• Ensure compliance with internal policies and regulatory requirements across geographies.
• Drive process improvements to enhance efficiency, controls, and accuracy in payroll accounting.
• Assist in audits and provide documentation for internal and external auditors.
• Monitor workforce accounting metrics and resolve discrepancies.
• Participate in cross-functional payroll and benefits projects.

Skills

US GAAP

Payroll accounting

Financial reporting

SAP S/4HANA

Cross-functional collaboration

Attention to detail

Analytical skills

Education

Bachelor's degree in accounting or finance

CPA or equivalent

Tools

ERP systems

Job description

At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world.

About the Role

A Day in the Life

Our Global Diabetes Capability Center in Pune is expanding to serve more people living with diabetes globally. Our state-of-the-art facility is dedicated to transforming diabetes management through innovative solutions and Technologies that reduce the burden of living with diabetes.

This position is an exciting opportunity to work with Minimed's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care. #BetterDaysStartNow

Job title: Principal Accountant Employee benefits

Location (city, country): Pune, India

Type of the role: Flexible/Hybrid

Working Hours: 12:00 PM TO 9:00 PM

Reporting To: EBA Team Lead / FSSC Manager

Department: Finance Shared Service Center (FSSC)

Join us in shaping the future of financial operations at Diabetes International. As the Diabetes business transitions to an independent, publicly traded company, our mission is centred on innovation, operational excellence, and growth within diabetes care. As a Principal Accountant in our Employee Benefits Accounting Team, you will play a key role in managing and optimizing employee benefit accounting operations for Diabetes International. You'll ensure accuracy, compliance, and timely reporting across multiple geographies while supporting process improvement initiatives and collaborating with HR and finance teams.

Based in Pune, India, this role requires close collaboration with Corporate and local Finance teams, the Accounts Payable team, internal and external auditors, as well as the IT Support team.

Responsibilities may include the following and other duties may be assigned:

• Lead employee benefit accounting operations for Diabetes International, ensuring accuracy and compliance with US GAAP and local statutory requirements.
• Manage employee benefit-related journal entries, account reconciliations, and financial reporting, maintaining high standards of data integrity.
• Collaborate closely with HR and finance teams to ensure payroll data integrity and timely processing of employee benefits.
• Support the implementation and optimization of employee benefit accounting processes within SAP S/4HANA, particularly in preparation for TSA (Transition Service Agreement) exit with Medtronic.
• Ensure compliance with internal policies and regulatory requirements across multiple geographies.
• Drive continuous improvement initiatives to enhance efficiency, control, and accuracy in payroll accounting processes.
• Assist in audits and provide required documentation for internal and external auditors.
• Monitor and analyze employee benefit accounting metrics, identifying and resolving discrepancies as needed.
• Participate in cross-functional projects related to payroll and benefits accounting.

Required Knowledge and Experience:

• a. Bachelor's degree in accounting, Finance, or related field; CPA or equivalent certification preferred.
• b. 8-10 years of progressive experience in accounting, with a focus on employee benefits or payroll accounting.
• c. Strong knowledge of US GAAP and local statutory requirements.
• d. Experience with SAP S/4HANA or similar ERP systems; TSA exit experience is a plus.
• e. Excellent analytical, organizational, and communication skills.
• f. Proven ability to work collaboratively in a cross-functional and multicultural environment.
• g. High attention to detail and commitment to accuracy.

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.

Benefits & Compensation

• MiniMed offers a competitive salary and flexible benefits package
• At MiniMed, we put people first. A commitment to our employees lives at the core of our values: We recognize their contributions. They share in the success they help create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every stage of your career and life.

About MiniMed

We want