Principal Financial Analyst - Cardiac Diagnostics & Services

MED Medtronic Inc; Mounds View (MN); On-site; USD 110,000 - 166,000; Full time

Benefits offered by this job

Health, Dental and vision insurance

Health Savings Account

401(k) plan with employer match

Paid time off

Tuition assistance

Job summary

Medtronic is seeking a Principal Financial Analyst to serve as a strategic finance partner to the Cardiac Diagnostics & Services Marketing organization. You will deliver financial planning, forecasting, reporting, and analysis to support commercial strategies, investments, and operational execution.

The role requires leading planning cycles, month-end close, and developing financial models to guide decisions. Strong collaboration with cross-functional teams and deep knowledge of GAAP is expected.

Qualifications

• Experience in financial planning, forecasting, budgeting, financial reporting, and variance analysis.
• Develop financial models and translate financial data into business insights.
• Partner with business leaders to support strategic and operational decision-making.

Responsibilities

• Partner with Marketing, Strategy, and Innovation leadership for financial analysis and decision support.
• Lead FP&A activities including planning, forecasting, and integrated business planning.
• Manage month-end and quarter-end close, reporting, variance analysis, and performance reviews.
• Develop models to evaluate performance, trends, margins, and investments.
• Analyze P&L results, identify risks/opportunities, and provide improvement recommendations.
• Support leadership reviews with consolidated reporting and analytics.
• Evaluate investment opportunities and resource allocation.
• Drive forecasting accuracy and reporting efficiency.

Skills

Financial analysis

Forecasting

Budgeting

Business insight translation

Education

Bachelor's degree

MBA

CPA designation

Tools

SAP

OneStream

Power BI

Job description

We anticipate the application window for this opening will close on - 19 Oct 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 Electrophysiology Therapies (EPT) Finance team supports the Cardiac Diagnostics & Services (CDS) business through financial planning, forecasting, reporting, and strategic decision support. The team partners closely with Marketing, Strategy, and Innovation leadership to evaluate business performance, support investment decisions, and drive execution against commercial and strategic priorities. 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 Cardiac Diagnostics & Services Marketing organization. You will provide financial planning, forecasting, reporting, and analytical support to business leaders while delivering insights that support commercial strategies, investment decisions, and operational execution.

Primary Responsibilities

• Partner with Marketing, Strategy, and Innovation leadership to provide financial analysis and decision support.
• Lead financial planning, forecasting, annual operating plan (AOP), strategic planning, and integrated business planning activities.
• Execute month-end and quarter-end close activities, including reporting, variance analysis, and performance reviews.
• Develop financial models to evaluate business performance, market trends, gross margin initiatives, and strategic investments.
• Analyze profit and loss (P&L) results, identify risks and opportunities, and provide recommendations to improve financial performance.
• Support business reviews and leadership presentations through consolidated reporting, analytics, and financial insights.
• Evaluate investment opportunities, project costs, and business initiatives while providing recommendations to support resource allocation decisions.
• Drive process improvements that enhance forecasting accuracy, reporting efficiency, and financial decision support.

Required Qualifications

• Bachelor'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 translating financial data into business insights.
• Experience partnering with business leaders to support strategic and operational decision-making.

Preferred Qualifications

• Master of Business Administration (MBA) or Certified Public Accountant (CPA) designation.
• Experience supporting commercial, marketing, strategy, or business development organizations.
• Experience with SAP, OneStream, Power BI, or similar financial reporting and planning systems.
• Knowledge of United States Generally Accepted Accounting Principles (GAAP), capital policies, or project accounting practices.
• Experience working within a global or highly matrixed organization.
• 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
• 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)
• 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.

For sales reps and other patient facing field employees, going into a healthcare settingis 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.

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.