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Medtronic Principal Financial Analyst – Boulder Operations Finance in Boulder, Colorado

Principal Financial Analyst – Boulder Operations Finance


Boulder, Colorado, United States

Requisition #:


Post Date:

Apr 01, 2021

Careers that Change Lives

This position reports to the Boulder Operations Finance Director and is responsible for financial support of the site operational excellence, cost savings analytics, and manufacturing material usage metrics.

This position will also provide financial business partnering support for cost savings and materials used in production efficiency initiatives and be responsible for developing processes, financial models and frameworks that enable better business decisions impacting cost savings and material usage variance (MUV) metrics and support continuous improvement.

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.

A Day inTheLife

The key responsibilities of this role include collaborating with Operational Excellence leadership, focus factory management, and other stakeholders to understand financial drivers and provide financial visibility to influence decision making and drive business results. In addition, this finance position will be responsible for analytical modeling essential for supporting strategic initiatives and achieving key cost savings and MUV metrics.

  • Perform financial planning and analysis (FPA) activities to support quarterly forecasts and annual planning (AOP) for annual cost savings and MUV (scrap, yield rates by product, etc) as well as manage/assist in managing certain balance sheet reserves.

  • Participates in monthly close activities, including journal entries and account reconciliations, to ensure the integrity of financial results and appropriate management visibility

  • Complete monthly financial reporting, analyzing results, identifying issues, and explaining trends and variances to plan and forecast; providing insights to business partners and other stakeholders that helps draw connections between material usage and yield, as well as lead cost savings approval processes to drive action and business results.

  • Performs various financial analyses and assessments to proactively identify areas of risks and opportunities.

  • Actively engages with business partners to understand financial drivers and achieve key metrics.

  • Supports process development opportunities across the plant to bring efficiencies to processes and clarity to the analysis

  • Support various strategic cost down initiatives through financial modeling, ad-hoc analysis, reporting, and project management efforts to influence decision making and drive business results.

  • Consultant to various finance team members and a thought partner on complex business issues and analytical opportunities across the plant and functions that enable better decision making

  • Bring a mindset of continuous improvement to all aspects of the job, including recurring processes and stand-alone projects.

  • Support the Boulder plant Finance team in key projects and processes as needed, such as financial systems/data mgmt. improvements and automation, inventory revaluation, deferral period analysis, obsolescence processes, capex processes,

Must Have: Minimum Requirements

  • Bachelors Degree with 7+ years of work experience in Finance and/or Accounting (Advanced Degree with 5+ years)

Nice to Have

  • BA/BS in Accounting, Business or Finance

  • MBA, CMA or CPA, or other financial certifications

  • Exceptional leadership and business partnering skills

  • Experience with SAP and Hyperion; proficient in Excel

  • Strong qualitative and quantitative analysis, critical thinking, and problem-solving skills

  • Solid accounting foundation with demonstrated financial modeling experience

  • Ability to mine large amounts of data for insights and analytical recommendations

  • Experience leading process improvement projects (Green Belt+)

  • Strong communication, collaboration, presentation and interpersonal skills

About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Lets work together to address universal healthcare needs and improve patients lives. Help us shape the future.

Physical Job Requirements

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. (ADA-United States of America)

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.

Learn more about our benefitshere ( .

This position is eligible for a short-term incentive plan. Learn more about Annual Salary and Medtronic Incentive Plan (MIP) on Page 6 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.