Principal Financial Analyst

Medtronic; Mounds View (MN); 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

Paid time off

Tuition assistance

Job summary

Medtronic is seeking a Principal Financial Analyst to partner with Defibrillation Solutions Marketing and Strategy. You will lead financial planning, forecasting, and reporting while delivering insights to guide strategic investments and performance improvements.

You will develop models, analyze trends, and support cross-functional leadership with actionable recommendations. This role emphasizes month-end closes, long-range planning, and collaboration across a matrixed organization.

Qualifications

• Experience in financial planning, forecasting, budgeting, financial reporting, and variance analysis.
• Experience developing financial models and performing complex financial analyses.
• Experience evaluating business performance and providing financial recommendations to support decision-making.
• Experience partnering with cross-functional stakeholders and business leaders.

Responsibilities

• Partner with Marketing and Strategy leadership to support financial planning, forecasting, and business decision-making.
• Develop and maintain financial models to evaluate business performance, market opportunities, and strategic investments.
• Analyze operating results, key business drivers, and financial trends to provide actionable insights.
• Lead month-end and quarter-end financial reporting activities, including variance analysis and performance reviews.
• Build and manage forecasts, budgets, and long-range financial plans.
• Analyze profit and loss statements, identify risks and opportunities, and recommend actions to improve financial performance.
• Prepare financial reporting, presentations, and business reviews for leadership teams.
• Support process improvements, reporting enhancements, and ad hoc financial analyses across the organization.

Skills

Financial planning

Forecasting

Budgeting

Variance analysis

Education

Bachelor's degree in finance or accounting

MBA or CPA preferred

Tools

Excel

BI tools

Job description

We anticipate the application window for this opening will close on - 12 Oct 2026Careers 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 LifeThe Electrophysiology Therapies (EPT) Finance team supports the Defibrillation Solutions (DS) business through financial planning, forecasting, reporting, and strategic decision support. The team partners closely with Commercial Marketing, Strategy, and business leadership to evaluate performance, assess market opportunities, and support investment decisions that drive business growth and operational execution.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 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.As a Principal Financial Analyst, you will serve as a strategic finance partner to the Defibrillation Solutions Marketing and Strategy organizations. You will provide financial planning, forecasting, reporting, and analytical support to business leaders while delivering insights that inform strategic, operational, and investment decisions.Primary ResponsibilitiesPartner with Marketing and Strategy leadership to support financial planning, forecasting, and business decision-making.Develop and maintain financial models to evaluate business performance, market opportunities, and strategic investments.Analyze operating results, key business drivers, and financial trends to provide actionable insights.Lead month-end and quarter-end financial reporting activities, including variance analysis and performance reviews.Build and manage forecasts, budgets, and long-range financial plans.Analyze profit and loss (P&L) statements, identify risks and opportunities, and recommend actions to improve financial performance.Prepare financial reporting, presentations, and business reviews for leadership teams.Support process improvements, reporting enhancements, and ad hoc financial analyses across the organization.Required QualificationsBachelor's degree and 7+ years of finance or accounting experience OR advanced degree and 5+ years of finance or accounting experience.Experience in financial planning, forecasting, budgeting, financial reporting, and variance analysis.Experience developing financial models and performing complex financial analyses.Experience evaluating business performance and providing financial recommendations to support decision-making.Experience partnering with cross-functional stakeholders and business leaders.Preferred QualificationsExperience supporting commercial, marketing, strategy, or product portfolio organizations.Experience with P&L management, long-range planning, and strategic investment analysis.Experience with financial reporting tools, business intelligence platforms, or data visualization solutions.Experience operating within a large, matrixed organization.Master of Business Administration (MBA), Certified Public Accountant (CPA), or experience within the medical device, healthcare, or other regulated industries.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 RequirementsThe 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 & SponsorshipAt 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.Recruitment Fraud AlertWe are aware of phishing scams targeting job seekers. Please keep the following in mind:Apply only through official Medtronic channels. All legitimate Medtronic recruiting communications come from approved Medtronic platforms and official @medtronic.com email addresses.Medtronic will never ask for payment or sensitive personal information (such as bank account or Social Security details) during early stages of the hiring process. Any such requests are not legitimate.If you receive a suspicious message claiming to be from Medtronic, do not respond, click links, or open attachments.If you have any questions, concerns regarding the authenticity of a communication alleged to have been made by or on behalf of Medtronic, please contact us immediately at [e-mail] .Benefits & CompensationMedtronic offers a competitive Salary and flexible Benefits PackageA 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 - $165,600.00This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: 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).The following benefits and additional compensation are available to all regular employees: 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 plansIt 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.If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.