Principal Financial Analyst– Manufacturing Freight
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
We are seeking a motivated and detail-oriented Financial Analyst to support our global manufacturing operations. This role is ideal for a financial analyst with a background in supply chain finance. You’ll work closely with cross-functional teams—including logistics, plant operations, and corporate finance—to drive cost transparency, support investment decisions, and optimize freight economics. You’ll be part of the Global Distribution Finance CoE which is a global team with team members in US, Europe and APAC.There is no relocation assistance for this role in MN.
At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
Responsibilities may include the following and other duties may be assigned.
Financial Planning & Forecasting
Own the global manufacturing Freight financial forecast process, including driver-based analysis.
Collaborate with leadership to refine forecast methodology and improve accuracy over time.
Freight costs and structure Analysis & month end closing
Evaluate freight scenarios and cost drivers across global manufacturing operations.
Investigate unfavorable freight variances and identify savings opportunities.
Address financial booking issues and journal entry corrections if needed.
Resolve discrepancies in plant charge allocations and ensure financial accuracy.
Investment & Cost Modeling
Support investment calculations and ROI assessments for plant initiatives.
Collaborate with plant leaders to review and adjust forecasts and validate assumptions on future initiatives.
Ad-hoc Financial Support for Manufacturing management
Engage in regular meetings with top-25 business-critical plants on measurements of projects and finance-related questions
System & Process Optimization
Maintain or propose and update rules in the Transportation Management System (TMS) for new warehouse setups.
Investigate options for self-service reporting tools and dashboards to enhance data accessibility and decision-making.
Collaboration
Partner directly with the logistics team (10+ members) and finance leadership.
Interface with manufacturing plants across multiple regions to ensure alignment and financial clarity.
Required Knowledge and Experience: Requires mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience.
May have broad knowledge of project 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 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
Nice to Have
Relevant bachelor or master’s degree in Finance, Accounting, Economics
Minimum of 8+ years of professional finance experience, preferably in an international environment and comfortable with working in cross-functional, remote teams
Willing to take a hands-on approach with high learning agility
Able to handle complex structures and high amounts of data, with commitment to accuracy
Fully proficient in Excel, able to restructure financial driver calculation models
Background in Supply Chain Finance or Manufacturing Finance, and familiarity with ERP systems, TMS platforms, and self-service BI tools (e.g., Power BI)) is a plus
Excellent communication and stakeholder management 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.
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