Job title: Sr. Finance Manager
Company: Medtronic
Job description: We anticipate the application window for this opening will close on – 7 Feb 2025At 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 We are seeking a highly skilled and experienced Senior Finance Manager to lead our Global Costing Center of Excellence (COE).The successful candidate will be responsible for overseeing our team of Finance Managers and managing the costing processes across all our manufacturing sites. This role requires a strategic thinker with strong leadership abilities and a deep understanding of costing methodologies, ERP systems and financial analysis.A Day in the LifeStrategic Financial LeadershipDevelop a deep understanding product costs and key drivers of costLead and manage a team of four Finance Managers, providing guidance, mentorship, and performance evaluations.Develop and implement costing strategies and processes to ensure accurate and consistent costing across all manufacturing sites.Collaborate with cross-functional teams, including operations, supply chain, and procurement, to optimize costing practices and drive cost efficiencies.Analyze and interpret financial data to provide insights and recommendations for cost reduction and process improvements.Ensure compliance with company policies, accounting standards, and regulatory requirements.Prepare and present financial reports and analysis to senior management, highlighting key cost drivers and variances.Drive continuous improvement initiatives within the costing function to enhance accuracy, efficiency, and transparency.Support the development and implementation of costing systems and tools to streamline processes and improve data accuracy.Stay updated on industry trends and best practices in costing and financial management.Requires a Baccalaureate degree (or for degrees earned outside of the United States, a degree which satisfies the requirements of 8 C.F.R. § 214.2(h)( 4)(iii)(A) and minimum of 7 years of relevant experience with 5+ years of managerial experience, or advanced degree with a minimum of 5 years of relevant experience with 5+ years of managerial experience.Nice to HavesBachelor’s degree in Finance, Accounting, or a related field; MBA or professional certification (e.g., CPA, CMA) preferred.Minimum of 8-10 years of experience in finance, with a focus on costing and financial analysis.Proven experience in a leadership role, managing and developing a team of finance professionals.Strong analytical skills and the ability to interpret complex financial data.Excellent communication and presentation skills, with the ability to effectively convey financial information to non-financial stakeholders.Proficiency in financial software and ERP systems.Strong attention to detail and a commitment to accuracy and integrity.Ability to work in a fast-paced, dynamic environment and manage multiple priorities.Is a team player in a matrix structure with excellent communication/ presentation skillsFluent in EnglishWorking Experience supporting Manufacturing and familiarity with cost accounting principalsExperience with business intelligence and reporting systems would be an advantageGlobal Experience, working in large, complex, matrix organizationsStrong quantitative and analytical skills for creating actionable insights and analysis.Fluent in SpanishPhysical Job RequirementsThe 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 & CompensationMedtronic 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):$142,400.00 – $213,600.00This 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 MedtronicWe 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 90,000+ 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 .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.
Expected salary:
Location: Minneapolis, MN
Job date: Sun, 26 Jan 2025 04:43:03 GMT
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