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Medtronic is seeking a Senior Cost Accountant to manage standard costs, inventory valuation, and cost reporting. You will partner with Manufacturing Operations, Supply Chain, and Finance to drive margin improvements and support costing transformations.
The role focuses on cost rolls, variance analysis, and standardized costing across global sites, ensuring SOX compliance and accurate financial planning.
Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first — developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.
A Day in the Life The Senior Cost Accountant is responsible for managing and analyzing manufacturing costs, ensuring the accuracy of standard costs, inventory valuation, and cost-related financial reporting. This role partners closely with Supply Chain, Engineering, and Finance teams to provide cost insights, support strategic decision‑making, drive process improvements, and contribute to margin enhancement initiatives. The position also plays a key role in cost roll activities, variance analysis, and the continuous improvement of global costing processes. The Senior Cost Accountant serves as a key member of the Global Costing Center of Excellence (COE), partnering closely with Manufacturing Operations, Supply Chain, FP&A, Controllership, and Business Unit Finance teams. This role is responsible for ensuring accurate product costing, supporting financial planning and analysis activities, driving standardization across costing processes, and providing insights that enable profitable business decisions and sustainable gross margin improvement. The position plays a critical role in supporting global manufacturing sites, cost roll activities, inventory valuation, and strategic finance initiatives.
A Day in the Life Lead standard cost development, validation, and maintenance for assigned manufacturing sites. Execute and support annual and mid‑year cost roll processes across ERP systems. Analyze product cost drivers including material, labor, burden, scrap, and manufacturing variances. Partner with Operations, Supply Chain, Engineering, and Site Finance teams to identify cost‑saving opportunities and improve financial performance. Prepare financial analyses and reporting related to gross margin, inventory, manufacturing performance, and product profitability. Support monthly, quarterly, and annual financial close activities related to inventory and cost accounting. Perform variance analysis and identify root causes of unexpected financial results. Develop costing models and business cases to support strategic initiatives, product launches, transfers, and manufacturing changes. Support forecasting and planning activities, including AOP and periodic forecasts. Ensure compliance with Medtronic financial policies, SOX controls, and accounting standards. Drive continuous improvement and standardization of costing processes, reporting, and governance. Contribute to SAP implementations, systems enhancements, digitalization projects, and costing transformation initiatives.
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.
Medtronic offers a competitive Salary and flexible Benefits Package 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. This position is eligible for a short‑term incentive called the Medtronic Incentive Plan (MIP).
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. For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support. 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.