Principal Financial Analyst

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.

About the role

The Principal Financial Analyst will drive financial performance and strategic decision-making across three Colorado manufacturing sites by serving as a trusted Operations Finance business partner. Influence operational outcomes through financial leadership, actionable insights, and data-driven recommendations that support site objectives, optimize performance, and deliver business results. This role requires a minimum of 4-5 days a week onsite to foster professional growth and cross-functional collaboration.

Relocation assistance is not available for this role.

Responsibilities

• Lead financial modeling and analysis to evaluate business performance, identify trends, and assess key drivers including rates of return, depreciation, working capital, cash flow, investments, and cost performance.
• Deliver comprehensive variance analysis, forecasting, budgeting, and financial planning activities to improve operational and financial outcomes.
• Translate complex financial data into actionable recommendations that enable leaders to make informed business decisions.
• Develop, enhance, and optimize financial reporting systems, processes, and analytics to improve visibility, reporting efficiency, and decision support.
• Monitor business performance across functions, departments, and operational areas, proactively identifying risks, opportunities, and improvement initiatives.
• Actively partner with site leadership through participation in Tier meetings, Gemba walks, staff meetings, Monthly Operations Reviews, Quarterly Business Reviews, and other key operational forums.
• Own and support site budgeting and forecasting processes, including volume planning, productivity and efficiency assumptions, overhead spending, absorption analysis, material variances, and period costs.
• Partner with cross-functional teams to evaluate, prioritize, and track cost reduction initiatives, validating financial impacts and driving accountability for results.
• Conduct ad hoc financial analyses to address evolving business needs, support strategic initiatives, and accelerate decision-making.
• Provide financial guidance and challenge assumptions to ensure operational plans align with organizational objectives and financial targets.

Requirements

• Bachelor's Degree with a minimum of 3 years of relevant finance experience, or an advanced degree with a minimum of 5 years of relevant finance experience.
• 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.

Preferred Qualifications

• Demonstrated knowledge of Generally Accepted Accounting Principles (GAAP).
• MBA, CPA, and/or CMA certification preferred.
• Proven experience leveraging SAP, BPCS, Hyperion Spend, CMR, or similar enterprise systems to drive financial insights and business performance.
• Strong analytical, financial modeling, and problem-solving capabilities with the ability to influence outcomes through data-driven recommendations.
• Working knowledge of Project Accounting and financial controls.
• Experience partnering with operations teams within a manufacturing environment to improve financial and operational performance.

Benefits

The following benefits and additional compensation are available to 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)
• Incentive plans, including the Medtronic Incentive Plan (MIP)
• 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)

Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan.

Pay

Salary ranges for U.S (excluding Puerto Rico) locations: $110,400.00 - $165,600.00 USD. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location.

Schedule

This role requires a minimum of 4-5 days a week onsite.

U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above. 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.