The Principal Financial Analyst role at Medtronic centers on sophisticated financial modeling, economic research, and variance analysis to inform budgeting and forecasting. The position also involves preparing management reports, maintaining financial information systems, and tracking performance by unit or group. This is an onsite role based in North Haven, CT.
Responsibilities
- Develops and analyzes financial models and conducts economic research, evaluating metrics such as rates of return, depreciation, working capital, cash flow, investments, and costs versus budget, including variance analysis and forecasting through profit and loss or income statement review.
- Documents findings and recommendations, consolidates financial plans, and provides insights to management.
- Designs, maintains, and specifies requirements for financial information systems, addressing information flow, data volume, ad hoc reporting, and analysis needs.
- Supports business development analysis and may monitor performance by unit, division, or group.
Requirements
- Expertise in a specialty area with thorough knowledge of industry practices, typically gained through advanced education and experience; may include broad project management knowledge.
- Must hold a bachelor’s degree; for degrees earned outside the United States, the credential must meet 8 CFR 214.2(h)(4)(iii)(A) and be accompanied by a minimum of 7 years of relevant experience, or an advanced degree with at least 5 years of relevant experience.
Required Knowledge and Experience
- Demonstrated mastery of a specialty area and full familiarity with industry practices; experience may include broad project management capabilities.
- Bachelor’s degree required; for degrees earned outside the United States, the credential must satisfy the regulatory requirements in 8 CFR 214.2(h)(4)(iii)(A) with a minimum of 7 years of relevant experience, or an advanced degree with at least 5 years of relevant experience.
Benefits
- Health, dental, and vision insurance
- Health Savings Account
- Healthcare Flexible Spending Account
- Life insurance
- Long-term disability leave
- Dependent daycare spending account
- Tuition assistance or reimbursement
- Simple Steps global well-being program
- Incentive plans
- 401(k) plan with 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 earnings minimums)
- Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earnings minimums)
Specialist Career Stream
This trajectory typically centers on an individual contributor role within a professional discipline or specialty. The specialist delivers or leads assigned projects, collaborates with stakeholders to achieve outcomes, and may mentor colleagues or supervise junior professionals. The majority of time is spent delivering projects from design through implementation, following policy and applying specialized knowledge and skills.
Differentiating Factors
- Autonomy: Recognized expert with substantial latitude in defining deliverables and limited managerial oversight, including coaching and delegating work to others.
- Organizational Impact: Contributes to strategic direction for new products, processes, standards, or operational plans with significant influence on workgroup results; may manage cross-functional projects.
- Innovation and Complexity: Faces moderately to highly complex, ill-defined problems requiring thorough information gathering and analysis; develops and implements improvements independently.
- Communication and Influence: Acts as a primary contact for projects, communicates with internal and external stakeholders, and may negotiate to influence decisions.
- Leadership and Talent Management: Often provides guidance, coaching, and training within the job area; may manage major projects and delegate activities while reviewing work products.
Physical Job Requirements
The statements describe the general nature of the work and are not exhaustive of duties. Reasonable accommodations may be provided to enable performance of essential functions. For office roles, the position may involve mobility as part of daily activities.
U.S. Work Authorization and Sponsorship
Medtronic supports U.S. work authorization sponsorship (such as H-1B, TN, J) at Principal level and above when specialized expertise aligns with long-term business needs. Roles below Principal require candidates to have unrestricted U.S. work authorization at the time of hire and for the duration of employment.
Recruitment Fraud Alert
- Apply only through official Medtronic channels.
- Medtronic communications come from approved platforms and official @medtronic.com addresses.
- Medtronic will never request payment or sensitive personal information during early hiring stages.
- If you receive a suspicious message, do not respond or click links; contact AskHR@medtronic.com with concerns.
