Principal Financial Analyst

COV Covidien LP; Boulder (CO); On-site; USD 110,000 - 166,000; Full time

Benefits offered by this job

Health, Dental and vision insurance

401(k) plan with employer contribution

Tuition assistance/reimbursement

Job summary

Medtronic is a global leader in healthcare technology with a mission to alleviate pain, restore health, and extend life. The Principal Financial Analyst will partner with Colorado manufacturing sites to drive financial performance, provide actionable insights, and support budgeting and forecasting processes.

In-person collaboration is emphasized, with 4–5 onsite days weekly and relocation not offered. Responsibilities include detailed financial planning, variance analysis, and development of

Qualifications

• Bachelor's Degree with a minimum of 3 years of finance experience, or 5 years with advanced degree.
• MBA, CPA, CMA certification preferred.
• Experience with enterprise systems to drive financial insights and performance.

Responsibilities

• Lead financial modeling and analysis to evaluate business performance and key drivers.
• Deliver variance analysis, forecasting, budgeting, and financial planning activities to improve outcomes.
• Translate financial data into actionable recommendations for leaders.
• Develop and optimize financial reporting systems and analytics to improve visibility and decision support.
• Partner with site leadership in planning, budgeting, and cost reduction initiatives.
• Own site budgeting and forecasting processes including volume planning and overhead spending.

Skills

Financial modeling

Variance analysis

Budgeting

Data analysis

Cross-functional collaboration

Education

Bachelor's degree in Finance or related field

MBA, CPA, CMA preferred

Tools

SAP

BPCS

Hyperion Spend

CMR

Job description

We anticipate the application window for this opening will close on - 31 Aug 2026 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 Principal Financial Analyst will drive financial performance and strategic decision-making across three Colorado manufacturing sites by serving as a trusted Operations Finance business partner. Influence operational outcomes through financial leadership, actionable insights, and data-driven recommendations that support site objectives, optimize performance, and deliver business results. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do.

In-person exchanges are invaluable to our work. We’re working a minimum of 4-5 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary. Relocation assistance is NOT available for this role.

Key Responsibilities

• Lead financial modeling and analysis to evaluate business performance, identify trends, and assess key drivers including rates of return, depreciation, working capital, cash flow, investments, and cost performance.
• Deliver comprehensive variance analysis, forecasting, budgeting, and financial planning activities to improve operational and financial outcomes.
• Translate complex financial data into actionable recommendations that enable leaders to make informed business decisions.
• Develop, enhance, and optimize financial reporting systems, processes, and analytics to improve visibility, reporting efficiency, and decision support.
• Monitor business performance across functions, departments, and operational areas, proactively identifying risks, opportunities, and improvement initiatives.
• Actively partner with site leadership through participation in Tier meetings, Gemba walks, staff meetings, Monthly Operations Reviews, Quarterly Business Reviews, and other key operational forums.
• Own and support site budgeting and forecasting processes, including volume planning, productivity and efficiency assumptions, overhead spending, absorption analysis, material variances, and period costs.
• Partner with cross-functional teams to evaluate, prioritize, and track cost reduction initiatives, validating financial impacts and driving accountability for results.
• Conduct ad hoc financial analyses to address evolving business needs, support strategic initiatives, and accelerate decision-making.
• Provide financial guidance and challenge assumptions to ensure operational plans align with organizational objectives and financial targets.

Minimum Requirements

• Bachelor's Degree with a minimum of 3 years of relevant finance experience, or an advanced degree with a minimum of 5 years of relevant finance experience.

Preferred Qualifications

• Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP).
• MBA, CPA, and/or CMA certification preferred.
• Proven experience leveraging SAP, BPCS, Hyperion Spend, CMR, or similar enterprise systems to drive financial insights and business performance.
• Strong analytical, financial modeling, and problem‑solving capabilities with the ability to influence outcomes through data‑driven recommendations.
• Working knowledge of Project Accounting and financial controls.
• Experience partnering with operations teams within a manufacturing environment to improve financial and operational performance.
• For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

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 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 or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

U.S. Work Authorization & Sponsorship

At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H‑1B, TN, J, etc.) is offered exclusively for Principal‑level roles and above, where specialized expertise aligns with long‑term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.

Benefits & Compensation

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. Salary ranges for U.S (excl. PR) locations (USD):$110,400.00 - $165,600.00 This position is eligible for a short‑term incentive called the Medtronic Incentive Plan (MIP). 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).

• Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long‑term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well‑being program).
• Incentive plans, 401(k) plan plus employer contribution and match, Short‑term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non‑qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico. Further details are available at the link below: Medtronic benefits and compensation plans

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.

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary. We change lives. Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives. We build extraordinary solutions as one team. With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough. This life‑changing career is yours to engineer. By bringing your ambitious ideas, unique perspective and contributions, you will… Build a better future, amplifying your impact on the causes that matter to you and the world Grow a career reflective of your passion and abilities Connect to a dynamic and inclusive culture that welcomes the challenge of life‑long learning

Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls. Insight‑driven care. Fresh viewpoints. Cutting‑edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care 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.