Senior Financial Analyst - CV Controllership (Finance)
We anticipate the application window for this opening will close on - 2 May 2025
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
This role serves as a member of the Cardiovascular Portfolio Controller team, which is responsible for systems, processes, and procedures associated with closing the books and supporting the control environment.
This position will report directly to the Cardiovascular Portfolio Controller. This position will support the Cardiovascular Portfolio operating units (OU) through performance of month-end close activities and OU financial reporting & analysis.
Responsibilities may include the following and other duties may be assigned:
• Manual journal entries, IDCMs, Balance sheet reconciliation preparation, closing activities
• Coordinate the accumulation, preparation and approval of post-close journal entries for CV
• Responsible for royalty accounting, including forecasting, timely and accurate calculation of payments, accruals, tracking receipt of cash, business partnering with legal teams. Liaison with OU Finance and Business development on new / existing agreements and quarterly review of all ongoing agreements.
• Responsible for managing, coordinating, and assisting on accounting activities with our Shared Service Centers
• Participate in the monthly and quarterly financial close process and provide general ledger and analytics support to management by perform various ad-hoc variance analysis, compilation of monthly reports and preparation of closing packages.
• Responsible for the maintenance of assigned balance sheet accounts (e.g. intangible assets, royalty accruals, etc.) for multiple reporting entities in accordance with company policies and GAAP, including identification and appropriate classification of business activity and account reconciliation.
• Perform additional financial analysis for special projects upon request.
• Perform annual analysis to determine the appropriate revenue deferral associated with Carelink service. Responsible for communicating the results of this analysis to leadership.
• Driving process improvement projects to ensure consistency and efficiency of activities within CV finance and controllership, while maintaining a high-quality account and control environment and ensuring compliance with all corporate financial reporting & accounting policies.
• Maintain and / or oversee the control of accounts and records in the areas of revenues, expenses, disbursements, and other associated balance sheet accounts
• Provide Cardiovascular Portfolio-level support to internal and external audit, corporate accounting, and tax departments
Must Have: Minimum Requirements
• Bachelor's Degree with 4+ years of work experience in Finance and/or Accounting OR Advanced Degree with 2+ years of work experience in Finance and/or Accounting
Nice to Have
• CPA
• Public accounting experience
• Strong analytical and problem-solving skills with the ability to manage several projects simultaneously
• Strong communication skills, both written and verbal
• Ability to manage and manipulate data to develop financial analysis
• Experience with business partnering
• High degree of initiative and self-motivation
• High integrity and self-confidence
• Eagerness to learn and expand responsibilities
• Demonstrated ability to work effectively in a team environment
• Strong organization, attention to detail and prioritization skills
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):$83,200.00 - $124,800.00
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:
Medtronic benefits and compensation plans
About Medtronic
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.
