Sr Finance Manager R&D COE

MED Medtronic Inc; Minnesota; On-site; USD 148,000 - 222,000; Full time

Job summary

Medtronic in Minnesota is seeking a senior finance leader to guide the global R&D finance standards, governance, and investment decision frameworks across the R&D lifecycle. You will partner with COE, R&D leaders, and portfolio management to drive data-driven insights and accountable financial outcomes while fostering an inclusive, high-performing team on-site.

The role emphasizes building scalable processes, clear documentation, and change management to accelerate delivery of best-in-class

Qualifications

• Bachelor’s degree with 7+ years in Finance/Accounting; advanced degree with 5+ years plus 5+ years of leadership.
• MBA/CPA preferred; strong communication, collaboration, and change management skills.

Responsibilities

• Design, govern, and improve Global R&D Finance standards (planning, forecasting, capitalization, metrics).
• Establish governance for project accounting and standard reporting; drive adoption via training and docs.
• Provide forward-looking financial insights linking investment, risk, and outcomes across the lifecycle.
• Lead and develop staff; partner with COE, R&D leaders, portfolio management, and FP&A.

Skills

Financial leadership

Stakeholder management

Strategic thinking

Change management

People management

Education

Bachelor’s Degree in Finance or Accounting

MBA/CPA

Tools

SAP

OneStream

Power BI

Excel

PowerPoint

Word

Job description

We anticipate the application window for this opening will close on - 25 Sep 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

This role supports One global, center led R&D Finance standard that enables enterprise business strategy alignment, financial transparency, and accountability across the R&D portfolio. The position is responsible for developing, governing, and leading consistent financial processes, insights, and decision frameworks that allow leaders to make nimble, data driven investment decisions—ultimately accelerating delivery of best in class technologies for patients. Help us drive the future of finance business partnering by joining the R&D Finance COE Team. We believe that when people from different cultures, genders, and points of view come together, innovation is the result — and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive. 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.

Responsibilities may include the following and other duties may be assigned.

• Design, implement, and continuously improve Global R&D Finance standards (planning, forecasting, capitalization, investment metrics, and reporting).
• Establish strong governance to ensure consistency in project accounting, standard reporting to determine benchmarks and insights.
• Drive adoption of standards through clear documentation, training, change management, and stakeholder engagement.
• Enable high‑quality financial insights that connect investment, risk, progress, and outcomes across the R&D lifecycle.
• Ensure financial insights are forward‑looking, actionable, and aligned to enterprise value creation and patient impact.
• Manages staff by setting expectations, coaching performance, and supporting professional development to build a high‑performing team.
• Partner closely with COE Team, R&D leaders, portfolio management, CFO/FP&A to ensure end‑to‑end alignment.
• Serve as a connective leader between center‑led finance and business‑embedded teams, strengthening collaboration and shared accountability.

Minimum Requirements:

• Bachelor’s Degree with 7+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 5+ years) plus 5+ years of progressive leadership experience.

Nice to Have

• Bachelor’s Degree in Finance or Accounting
• Individual that is motivated by continuous process improvement and strives to drive efficiencies and effectiveness for the function and overall business
• Has the ability to see and understand the big picture and translate strategy into executable process improvements
• Strong ability to drive change through leadership and influence
• Financial Planning & Analysis (FP&A) work experience, including developing expense analytics
• Excellent written/oral communication, collaboration, change management and presentation skills, including the ability to translate financial data into concise information for management
• Strong organization and time management skills, including ability to manage multiple tasks, changing priorities and maintain accurate records.
• Strong business acumen: ability to learn/understand the business and influence key stakeholders at various management levels to drive and increase value to the organization.
• High level of initiative and self-motivation.
• Ability to work independently with limited manager oversight.
• Experience with projects that require high matrix collaboration, building relationships and influence.
• Experience with Medtronic financial systems: SAP, OneStream, Power BI.
• Experience with Microsoft Office tools including Excel, PowerPoint and Word.
• MBA/CPA
• 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):$148,000.00 - $222,000.00

This 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
• 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)
• 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.

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.

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. For further information about the E‑Verify program, please click here.

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