Advanced Analytics Analyst

Medtronic; United States; Remote; USD 80,000 - 110,000; Full time

Job summary

A leading company in healthcare technology is seeking a Should Costing Mechanical Engineer to drive cost analysis and support product development. This remote position involves delivering cost models, leading negotiations, and collaborating with global teams. Ideal candidates will have a Bachelor's degree in Mechanical Engineering and 4-7 years of relevant experience, along with strong communication and interpersonal skills.

Benefits

Competitive salary

Flexible benefits package

Medtronic Incentive Plan (MIP)

Qualifications

• 4 to 7 years of experience in cost modeling/should costing.
• Knowledge of injection molding and manufacturing processes.
• Ability to read 2D and 3D drawings.

Responsibilities

• Deliver timely should cost models to customers.
• Lead scoping calls and communicate results with customers.
• Participate in negotiations with suppliers.

Skills

Communication

Interpersonal skills

Time management

Presentation skills

Education

Bachelor's degree in Mechanical Engineering

Bachelor's degree in Industrial & Production

Bachelor's degree in Operations

Tools

Creo CAD software

aPriori

McKinsey Cleansheet

Power BI

SharePoint

SQL

Job description

At Medtronic, you can embark on a lifelong career of exploration and innovation while championing healthcare access and equity for all. Lead with purpose and help break down barriers to innovation in a connected, compassionate world.

A Day in the Life

Job Description: Should Costing – Mechanical

Work Location: Remote

Responsibilities

1. Attend daily team meetings and weekly tier management meetings.
2. Deliver timely should cost models to customers, maintaining service levels.
3. Lead scoping calls, project updates, and communicate results with customers, typically category managers or sourcing engineers.
4. Recommend strategies to close cost gaps with customers on major cost drivers.
5. Participate actively in negotiations with suppliers.
6. Maintain documentation to integrate cost model data into overall Cost Analytics.
7. Work flexibly during US office hours, including late evenings.

Must Have Minimum Qualifications

• Bachelor's degree in Mechanical Engineering, Industrial & Production, Operations, or related fields.
• 4 to 7 years of experience, including 2 to 3 years in cost modeling/should costing.
• Knowledge of injection molding, machined parts, packaging, etc.
• Understanding of manufacturing processes and engineering drawings.
• Ability to comprehend manufacturing and quality requirements of medical devices.
• Strong interaction skills with internal and external teams.
• Excellent communication skills in English.
• Effective time management and professionalism.
• Interpersonal and presentation skills.
• Ability to coordinate across global teams and functions.
• Proficiency in reading 2D and 3D drawings, preferably with Creo CAD software.

Nice to Haves

• Experience with should cost analysis software/tools like aPriori, McKinsey Cleansheet, etc.
• Experience in product development and design iteration.
• Skills in supplier pricing/costing analysis and cost reduction planning.
• Knowledge of value analysis and value engineering.
• Familiarity with analytics and reporting tools such as Power BI, SharePoint, SQL.
• Ability to work independently, manage timelines, and adapt to changing priorities.

Physical Job Requirements

The above statements describe the general nature and level of work performed by employees in this position but are not exhaustive of all responsibilities and skills required.

Benefits & Compensation

Medtronic offers a competitive salary and flexible benefits package. We value our employees' contributions and support them through a range of benefits, resources, and competitive compensation plans suitable for every career and life stage.

This position is eligible for the Medtronic Incentive Plan (MIP).

About Medtronic

We lead in healthcare technology and address the most challenging health problems globally. Our mission is to alleviate pain, restore health, and extend life, driven by a passionate team of over 95,000 people. We innovate across R&D, manufacturing, and beyond, with diverse perspectives and the courage to engineer the extraordinary.

Learn more about our business, mission, and commitment to diversity here.