Principal Financial Analyst - Portfolio + Finance & Operations
Medtronic
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Minneapolis, MN
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Mid-Senior level
Posted March 26, 2026
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Responsibilities
Commitments
Responsibilities
- Lead enterprise-wide cost optimization strategy across OPC, GOSC burden, tariffs, SOGL, freight, duties, and product support to drive sustainable gross margin expansion, partnering with lead portfolio Operations.
- Partner with OU and GOSC finance and operations leaders (with dotted-line oversight) to deliver granular cost transparency, identify reduction opportunities, and execute margin improvement programs.
- Own gross margin driver analysis across the strategic planning horizon, including monthly plan vs. actual variance analysis and forecasting of savings realization.
- Including Pricing, Mix, partnering with OUs to drive GM improvement.
- Lead financial performance analysis of top manufacturing sites and develop site-level cost reduction initiatives with operations leadership.
- Drive inventory and working capital optimization, including unhealthy inventory actions and transportation mode-shift business cases.
- Provide executive-level reporting, recommendations, and governance to ensure cost savings translate into realized financial results.
- Develop, maintain, and establish operational specifications for financial information systems, considering factors such as information flow, volume, ad hoc reporting, and analysis.
- Lead and manage projects, ensuring successful implementation while adhering to organizational policies and standards.
Commitments
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.
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.
Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan.
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.
Not Met Priorities
What still needs stronger evidence
Requirements
- Mastery of financial analysis and modeling, with full knowledge of industry practices.
- Advanced degree with minimum of 5 years of relevant experience.
- Proven ability to manage large projects or processes independently.
- Exceptional problem-solving skills, with the ability to develop solutions to moderately complex problems and improve processes, systems, or products.
- Strong communication and negotiation skills, capable of influencing decision-making and representing the organization with internal and external stakeholders.
- Leadership experience, including coaching, mentoring, and managing the work of other professionals.
Preferred Skills
- Broad knowledge of project management principles and practices.
- Experience with business development analysis and performance monitoring.
- Ability to implement innovative solutions to enhance operational performance.
- Skilled in creating impactful financial reports and recommendations.
Education
- (Required) – Required education combined with relevant experience:
- (Required) – Bachelor’s degree and minimum of 7 years of relevant experience, or
- (Required) – Advanced degree with minimum of 5 years of relevant experience.
We anticipate the application window for this opening will close on - 27 Mar 2026
At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the Life
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.
We are looking for an experienced and accomplished professional to join our team as a Principal Financial Analyst - Portfolio, Finance & Operations. This role is perfect for a recognized expert who excels at managing complex projects, providing impactful financial solutions, and shaping the strategic direction of the organization. As a Principal Financial Analyst, you will take ownership of financial modeling, analysis, and planning to enable data-driven decision-making and drive organizational success.
Responsibilities:
Lead enterprise-wide cost optimization strategy across OPC, GOSC burden, tariffs, SOGL, freight, duties, and product support to drive sustainable gross margin expansion, partnering with lead portfolio Operations.
Partner with OU and GOSC finance and operations leaders (with dotted-line oversight) to deliver granular cost transparency, identify reduction opportunities, and execute margin improvement programs.
Own gross margin driver analysis across the strategic planning horizon, including monthly plan vs. actual variance analysis and forecasting of savings realization. Including Pricing, Mix, partnering with OUs to drive GM improvement.
Lead financial performance analysis of top manufacturing sites and develop site-level cost reduction initiatives with operations leadership.
Drive inventory and working capital optimization, including unhealthy inventory actions and transportation mode-shift business cases.
Provide executive-level reporting, recommendations, and governance to ensure cost savings translate into realized financial results.
Develop, maintain, and establish operational specifications for financial information systems, considering factors such as information flow, volume, ad hoc reporting, and analysis.
Lead and manage projects, ensuring successful implementation while adhering to organizational policies and standards.
Required Qualifications
Mastery of financial analysis and modeling, with full knowledge of industry practices.
Required education combined with relevant experience:
Bachelor’s degree and minimum of 7 years of relevant experience, or
Advanced degree with minimum of 5 years of relevant experience.
Proven ability to manage large projects or processes independently.
Exceptional problem-solving skills, with the ability to develop solutions to moderately complex problems and improve processes, systems, or products.
Strong communication and negotiation skills, capable of influencing decision-making and representing the organization with internal and external stakeholders.
Leadership experience, including coaching, mentoring, and managing the work of other professionals.
Nice-to-Have
Broad knowledge of project management principles and practices.
Experience with business development analysis and performance monitoring.
Ability to implement innovative solutions to enhance operational performance.
Skilled in creating impactful financial reports and recommendations.
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.
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):$108,000.00 - $162,000.00
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).
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:
About Medtronic
Medtronic benefits and compensation plans
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.
Learn more about our business, mission, and our commitment to diversity here.
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.
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.
At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.
A Day in the Life
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.
We are looking for an experienced and accomplished professional to join our team as a Principal Financial Analyst - Portfolio, Finance & Operations. This role is perfect for a recognized expert who excels at managing complex projects, providing impactful financial solutions, and shaping the strategic direction of the organization. As a Principal Financial Analyst, you will take ownership of financial modeling, analysis, and planning to enable data-driven decision-making and drive organizational success.
Responsibilities:
Lead enterprise-wide cost optimization strategy across OPC, GOSC burden, tariffs, SOGL, freight, duties, and product support to drive sustainable gross margin expansion, partnering with lead portfolio Operations.
Partner with OU and GOSC finance and operations leaders (with dotted-line oversight) to deliver granular cost transparency, identify reduction opportunities, and execute margin improvement programs.
Own gross margin driver analysis across the strategic planning horizon, including monthly plan vs. actual variance analysis and forecasting of savings realization. Including Pricing, Mix, partnering with OUs to drive GM improvement.
Lead financial performance analysis of top manufacturing sites and develop site-level cost reduction initiatives with operations leadership.
Drive inventory and working capital optimization, including unhealthy inventory actions and transportation mode-shift business cases.
Provide executive-level reporting, recommendations, and governance to ensure cost savings translate into realized financial results.
Develop, maintain, and establish operational specifications for financial information systems, considering factors such as information flow, volume, ad hoc reporting, and analysis.
Lead and manage projects, ensuring successful implementation while adhering to organizational policies and standards.
Required Qualifications
Mastery of financial analysis and modeling, with full knowledge of industry practices.
Required education combined with relevant experience:
Bachelor’s degree and minimum of 7 years of relevant experience, or
Advanced degree with minimum of 5 years of relevant experience.
Proven ability to manage large projects or processes independently.
Exceptional problem-solving skills, with the ability to develop solutions to moderately complex problems and improve processes, systems, or products.
Strong communication and negotiation skills, capable of influencing decision-making and representing the organization with internal and external stakeholders.
Leadership experience, including coaching, mentoring, and managing the work of other professionals.
Nice-to-Have
Broad knowledge of project management principles and practices.
Experience with business development analysis and performance monitoring.
Ability to implement innovative solutions to enhance operational performance.
Skilled in creating impactful financial reports and recommendations.
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.
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):$108,000.00 - $162,000.00
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).
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:
About Medtronic
Medtronic benefits and compensation plans
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.
Learn more about our business, mission, and our commitment to diversity here.
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.
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.