Director - Finance Analytics and Transformation

We anticipate the application window for this opening will close on - 14 Feb 2025

 

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 LifeThe Director – Finance Analytics and Transformation within the Medtronic Diabetes Transformation Office will report to Diabetes Transformation leader, will be responsible for driving significant and sustainable improvements in the profitability and financial performance of the Diabetes business by leveraging data and technology, designing and delivering data and analytics capabilities to Finance team to proactively manage the P&L. This role will lead design, development of analytics decision engines for Finance and P&L management, focused on assembling a data lake environment for Finance team, automate P&L forecasting, Cash flow analysis, identifying key trends and drivers to deliver insights to CFO, and lead initiatives for business transformation. This individual will collaborate closely with Digital Finance transformation leader, FP&A leader and CFO, and design an analytics data lake and AI models to stay ahead of changing trends in the business. Proactively manage our Diabetes transformation initiatives through this foundation of data and models that provide near real-time financial insights and impact analysis capabilities. This leader will translate business requirements, lead solution design and development of analytics technologies for transformation. This role will partner with data engineering and data science teams to build the digital foundation for Diabetes operations. A strong emphasis will be placed on leveraging data analytics, automation, and technology solutions to drive efficiency and insights.

Medtronic Diabetes Business Overview:
The Diabetes Operating Unit focuses on improving the lives of those within the global diabetes community. As a business, we strive to empower people with diabetes to live life on their terms by delivering innovation that truly matters and providing support in the ways they need it. We’re committed to meeting people with diabetes where they are in their journey, always with an aim to make their lives easier. Our portfolio of innovative solutions is designed to provide customers greater freedom and better health, helping them achieve better glucose control, while spending less time managing their disease.

Click here to learn more about products – https://www.medtronicdiabetes.com/

Responsibilities may include the following and other duties may be assigned

• Finance analytics and Decision Engine Infrastructure: Lead the development and implementation of automated P&L reporting and analysis tools for finance team, leveraging data lake and AI models to drive forecasting automation and insights for margin improvements in operations. This includes defining data requirements, designing data pipelines, providing requirements to the data lake team for building analytics assets for finance leadership team.
• Data-Driven Insights and Trend Identification: Utilize advanced analytics techniques (e.g., statistical modeling, machine learning, LLMs) to identify key trends, patterns, and drivers impacting the P&L. Collaborate with digital finance leaders, design and develop predictive models to forecast future financial performance and proactively identify potential risks and opportunities.
• Opportunity Identification and Prioritization: Leverage data insights to identify high-impact opportunities for P&L improvement across revenue, COGS, and operating expenses. Develop a data-driven prioritization framework to focus resources on the most promising initiatives.
• Transformation Strategy Development (Data-Informed): Develop and lead the execution of comprehensive P&L transformation initiatives informed by data analysis and insights. This includes defining specific initiatives, setting data-driven targets, and establishing clear metrics for success.
• Cross-Functional Collaboration and Technology Integration: Partner closely with business unit leaders, finance, IT, and other relevant functions to drive alignment and execution of transformation initiatives. Ensure seamless integration of technology solutions and data insights into business processes.
• Revenue Growth Initiatives (Data-Driven): Partner with Digital finance and FP&A leaders, Identify and implement data-driven initiatives to drive revenue growth, reduce risk proactively and improve forecast accuracy over short- and long-term windows
• Cost Optimization Initiatives (Data-Enabled): Lead data-enabled transformation initiatives to optimize COGS and operating expenses, including strategies related to inventory optimization, predictive maintenance, resource allocation optimization, and process automation.
• Financial Modeling and Scenario Planning (Automated): Partner with Finance leadership to develop and maintain automated financial models to assess the impact of transformation initiatives on the P&L and conduct scenario planning based on different market conditions and business assumptions.
• Performance Monitoring and Reporting (Automated): Establish automated dashboards and reporting mechanisms to monitor the progress of transformation initiatives and track key financial metrics in real-time. Provide regular data-driven updates to senior leadership.
• Technology Evaluation and Implementation: Evaluate and recommend new technologies and tools to enhance P&L analytics and automation. Oversee the implementation and integration of these technologies into the existing analytics landscape.
• Change Management (Data-Focused): Drive change management activities focused on promoting data literacy and adoption of data-driven decision-making across the organization.

Must Have: Minimum Requirements:

• Bachelor's degree in Finance, Business Administration, Economics, Computer Science, Data Science, or a related field with 10+ years of relevant experience and 7+ years of managerial experience
• OR, advanced degree with 8+ years of relevant experience and 7+ years of managerial experience

Nice to Have (Preferred Qualifications):

• MBA or advanced degree in Finance or Data Science preferred
• 3-5 years experience modernizing data analytics and AI decision infrastructure with specific experiences around finance domain and delivering tangible business impact
• 8+ years of progressive experience in finance, business operations, or a related field, with a proven track record of driving significant P&L improvements by leveraging data and technology, preferably within the healthcare or medical device industry.
• Strong analytical, problem-solving, and strategic thinking skills, with a focus on data-driven decision-making.
• Good understanding of financial statements, P&L drivers, and financial modeling techniques.
• Proficiency in data analysis tools and techniques (e.g., SQL, Python, R, statistical modeling, machine learning).
• Excellent communication, interpersonal, and presentation skills, with the ability to effectively communicate complex financial and technical concepts to diverse audiences.  
• Demonstrated ability to influence and build consensus among stakeholders at all levels of the organization.
• Project Management Professional (PMP)
• Certified Scrum Master (CSM)
• Deep understanding of financial statements, P&L drivers, and financial modeling techniques.
• Strong analytical, problem-solving, and strategic thinking skills, with a focus on data-driven decision-making.
• Proficiency in data analysis tools and techniques (e.g., SQL, Python, R, statistical modeling, machine learning).
• Experience with BI platforms (e.g., Tableau, Power BI) and data warehousing technologies.
• Excellent communication, interpersonal, and presentation skills, with the ability to effectively communicate complex financial and technical concepts to diverse audiences.  
• Demonstrated ability to influence and build consensus among stakeholders at all levels of the organization.
• Experience with process improvement methodologies (e.g., Lean, Six Sigma) is a plus.

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. 

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 & Compensation
 

Medtronic 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):$168,000.00 - $252,000.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

This position is eligible for an annual long-term incentive plan.

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:

Medtronic benefits and compensation plans

About Medtronic

We 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 here.

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.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.