Area Finance Leader - Structural Heart (Principal level) (Finance)

We anticipate the application window for this opening will close on - 6 Dec 2024

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

Team is working hybrid and position will be onsite 3 days/week at the Mounds View, MN site.

If you are looking to expand business partnering skills, develop influencing capabilities, and lead high-visibility projects, come join the Structural Heart commercial team! This Area Finance Leader role provides key support to Structural Heart Sales, Marketing, Contracting, and Pricing teams. The role sits within the broader Structural Heart & Aortic Finance team and reports to the Sr Finance Manager of US Structural Heart Commercial.

A role in Structural Heart offers unique experience opportunities, such as: being part of a global team, coaching others, collaborating with business partners throughout the company, visibility to global structures and impacts, and insight to various processes and functions across Medtronic, all while working with a high-impact, patient-centric therapy!

Responsibilities may include the following and other duties may be assigned.

• Providing financial leadership/direction to the Area Directors and District Managers to develop/implement revenue and implant growth plans

• Proactively reviewing customer quarterly rebate tier achievement to adjust accrual rates as needed and identify opportunities to help our customers achieve the next tier in their contracts

• Establishing the field AOP (quota) methodology and distributing to the field

• Reviewing contract performance to drive continued performance or needed changes. Use insights to provide necessary inputs for Customer Business Reviews, account planning and future contract strategy

• Strategically helping field partners design new contract proposals with individual customers

• Partner ing with M arketing, S ales L eadership, S r S trategy Director, and Americas Pricing & Contracting Team to ensure product pricing models support market dynamics and allow for successful implementation to drive launch goals

• Partnering wi th Americas Pricing Team to review price drivers, trends and market insights to implement proactive pricing programs that protect margin and maximize OU strategy

• Acting as a liaison between the US SH team, Enterprise Accounts organization and Americas Pricing & Contracting Team to develop and implement regional contract strategies for Integrated Delivery Networks (IDN) that are consistent with the OU objectives and support the Enterprise Accounts sales strategies

• Partnering with Total Rewards and field partners to make sure commissions are paid out appropriately and capture any manual adjustments that may be necessary

• Collaborat ing on initiatives across the organization to drive efficiency in processes, tools, and systems

Must Have: Minimum Requirements

• Bachelor's Degree with 7+ years of work experience in Finance and/or Accounting (Or Advanced Degree with 5+ years)

Nice to Have

• Experience in Finance, Pricing, Business, Marketing, or Economics

• Experience working with commercial sales leaders

• Proficiency in Excel, Tableau, Power Point, and Business objects

• Demonstrated strong quantitative and analytical skills

• Proven ability to translate large amounts of data into actionable insights and coherent strategies

• Demonstrated self-starter with communication, collaboration, and leadership skills

• Must be comfortable working in cross-functional role and navigating many stakeholders

• Proven success dealing with time-sensitive ambiguous projects in a dynamic business environment

• Experience in Negotiation or Influence Management

• Strong presentation 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.

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):$103,200.00 - $154,800.00

This 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).

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.