Principal Financial Analyst - R&D Finance Center of Excellence
Medtronic
Summary
The Research & Development (R&D) Finance Center of Excellence (COE) provides financial leadership, analytics, and decision support across Medtronic's R&D organizations. The team partners with R&D, business, and finance leaders to support investment decisions, portfolio management, resource allocation, forecasting, and long-range planning while promoting consistent financial practices and scalable capabilities across the enterprise.
Job description
As a Principal Financial Analyst, you will serve as a strategic finance partner supporting R&D portfolios, programs, and enterprise initiatives. You will provide financial planning, forecasting, investment analysis, and decision support to help leaders evaluate priorities, allocate resources, and improve visibility into R&D performance and investments.
Primary Responsibilities
- Partner with R&D and Finance leadership to support portfolio, program, and investment decision-making.
- Lead financial planning, forecasting, reporting, and long-range planning activities for assigned R&D organizations and portfolios.
- Develop and maintain financial models supporting program assumptions, development timelines, resource requirements, milestones, and investment scenarios.
- Analyze financial and operational data to identify risks, opportunities, trends, and performance drivers across R&D investments.
- Provide scenario modeling and business insights to support resource allocation, investment choices, and portfolio prioritization decisions.
- Deliver financial reporting, key performance indicators (KPIs), and analytics to improve visibility into R&D performance and investment outcomes.
- Drive forecasting accuracy, variance analysis, governance activities, and process improvements that enhance financial transparency and decision support.
- Collaborate across Finance and business functions to establish consistent financial standards, methodologies, reporting practices, and scalable capabilities.
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 financial analysis.
- Experience developing financial models, scenario analyses, and long-range plans to support business decisions.
- Experience partnering with business leaders and cross-functional stakeholders to support investment or resource allocation decisions.
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, or Economics.
- Master of Business Administration (MBA), Certified Public Accountant (CPA), or other relevant professional certification.
- Experience supporting R&D, product development, engineering, clinical, technology, or innovation-focused organizations.
- Experience with portfolio management, investment analysis, resource planning, or large-scale R&D programs.
- Experience within the medical device, healthcare, life sciences, or other regulated industries.
Requirements
- 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 financial analysis
- Experience developing financial models, scenario analyses, and long-range plans to support business decisions
- Experience partnering with business leaders and cross-functional stakeholders to support investment or resource allocation decisions
Benefits
- Health, Dental & Vision Insurance
- Health Savings Account
- Healthcare Flexible Spending Account
- Life Insurance
- Long-term Disability Leave
- Dependent Daycare Spending Account
- Tuition Assistance
- Incentive Plans
- 401(k) Matching
- Short-term Disability
- Paid Time Off
- Paid Holidays
- Employee Stock Purchase Plan
- Employee Assistance Program
Company overview
Medtronic is a global healthcare technology leader and one of the world's largest medical device companies, founded in 1949 in Minneapolis, Minnesota. The company operates in over 150 countries and employs more than 90,000 people worldwide. Medtronic's mission is to alleviate pain, restore health, and extend life through innovative medical technologies. The company develops and manufactures devices and therapies to treat more than 70 health conditions, including cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more. With a rich history that began with the invention of the battery-powered pacemaker, Medtronic has grown into a diversified healthcare technology company with four main business units: Minimally Invasive Therapies Group, Diabetes Group, Restorative Therapies Group, and Cardiac and Vascular Group. The company's therapies help approximately 72 million people annually and represent a significant force in advancing medical technology to address some of humanity's most challenging health problems.