Finance Director – Global Service & Repair
MedtronicAbout the role
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
Location: Minneapolis Preferred, Open to Remote
We’re a mission-driven leader in medical technology and solutions with a legacy of integrity and innovation. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world.
In everything we do, we are engineering the extraordinary.
We’re seeking a highly skilled Finance Director to join our team. You will work directly with leadership and oversee the financial health of the Global Service and Repair P&L. Reporting directly to the VP Finance, Global Commercial Office, the Global Service and Repair Finance Director will serve as the finance business partner for the VP, Global Service & Repair. This role advises on strategic financial decisions, manages a high performing team and oversees budgeting, forecasting, financial planning and analysis. In partnership with the Global Service & Repair leadership team, the Finance Director will advance and execute on critical business priorities.
We are looking for results oriented leaders who have a clear vision of where we are going and how to get there, bold, inclusive thinkers who create new ideas and bring our best solutions forward to benefit our patients, business partners, and customers.
A Day in the Life
Responsibilities may include the following and other duties may be assigned.
• Lead Service Revenue Forecasting - In close partnership with the Global Service & Repair leaders, inform and manage complex financial models to deliver long-range forecasts with ability to deliver scenario plan ‘what if’ analysis.
• Provide business Insights to drive growth – A trusted partner to the Global Service & Repair VP who both challenges and supports the leader with sound financial council by applying strategic thinking and financial analytics to provide business insights, challenge business assumptions, drive fact-based decision making and enable growth in both revenue and operating income.
• Inform Portfolio Financials and Valuations – Look after all aspects of commercial decision making, financial performance & reporting and financial controls. Deliver useful business insights through advanced analytics and data visualization capabilities.
• Develop and Manage Operational Financial Forecasts – Lead the AOP and quarterly forecast process for the Global Service & Repair Organization, tying financial funding to business strategy and return, performing variance analysis, and leading trade-off decisions. Also partner with S&R team on strat planning process, specifically leading the financial modeling and creating the linkage with annual Business/AOP planning process
• Drive Business Excellence - Champions innovation and develops financial framework and collaboration model that drive transformation efforts by conceptualizing and developing new approach to programs, product and services.
• Optimize team performance and cross-functional partnerships – Enables the team to pursue possibilities that will create sustainable value and quality outcomes. Empowers the team with meaningful decision making and ownership. Creates a culture that emphasizes ongoing learning and development and encourages others to seek and learn from diverse perspectives. Focuses on driving continuous improvement and quality outcomes.
• Develop Cost to Serve Capability across service value stream – partner with S&R teams to help develop Cost to Serve for each region for Contact Centers, Depots, Field Service, Commercial and CoE organizations within Service & Repair. Develop actionable insights for the team to pursue.
Must Have: Minimum Requirements
• Bachelor’s Degree with a minimum of 10 years of relevant experience with 7+ years of managerial experience, or advanced degree with a minimum of 8 years of relevant experience with 7+ years of managerial experience.
• Proficiency in financial modeling, forecasting and strategic financial planning
• Strategic thinking and ability to translate business objectives into financial strategies
• Excellent decision making, analytical, and problem solving abilities with attention to detail and accuracy
• Excellent communication and interpersona
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