Principal Financial Analyst
Careers that change lives start here. Medtronic is a global leader in healthcare technology with a Mission to alleviate pain, restore health, and extend life. Our 95,000 employees work across more than 150 countries to put patients first - developing innovative medical technologies that improve the lives of 72+ million patients each year. Your unique talents will help shape the future of healthcare while building a career grounded in purpose, growth, and impact.
A Day in the Life
This role serves as a strategic finance partner to the Vice President of Peripheral Vascular Health Clinical Research & Medical Science and Senior Director of Peripheral Vascular Health Clinical Research. As a senior individual contributor, the Principal Financial Analyst provides financial leadership across a broad portfolio of pre-market and post-market clinical studies, ensuring strong financial planning, forecasting, and transparency to support key development and regulatory milestones. This position is an on-site role based in Plymouth, Minnesota and partners closely with clinical, medical science, and finance leadership. The role operates with a high degree of independence and is expected to influence cross-functional teams without direct authority while supporting critical investment and portfolio decisions across the Peripheral Vascular organization.
Peripheral Vascular Health therapies treat patients with Peripheral and Carotid Artery Disease, End-Stage Renal Disease, Superficial and Deep Venous Diseases, and a variety of conditions treated with Peripheral Embolization, caring for over 1.1 million patients globally with lifesaving and life-enhancing therapies. The Principal Financial Analyst supporting Peripheral Vascular Clinical Research plays a critical role in enabling the development and clinical validation of next-generation therapies for peripheral vascular disease.
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.
Serve as the primary finance partner to the Vice President of Peripheral Vascular Health Clinical Research & Medical Science, supporting financial planning, forecasting, and reporting for the global clinical research organization.
Lead financial planning and reporting for the Peripheral Vascular Health clinical study portfolio, including both pre-market and post-market studies.
Maintain and enhance financial models supporting clinical studies, ensuring alignment between study design, enrollment assumptions, timelines, and financial projections.
Partner with clinical operations teams to monitor study enrollment, site activation, and training activities to ensure accurate forecasting of clinical study spending.
Provide financial leadership for external research and investigator-sponsored research programs, including planning, forecasting, and financial tracking.
Partner with the Clinical Research Senior Director to provide financial reporting and forecasting as well as support allocation of clinical budgets across development programs based on study design, enrollment expectations, and program priorities.
Partner with the clinical organization to plan clinical infrastructure and project labor, including supply/demand reviews and labor rate analysis, and collaborate with Research & Development Center of Excellence and Medtronic Clinical and Regulatory Solutions on shared resourcing and cost pools
Deliver consolidated reporting, key metrics, and financial insights to support leadership decision making across the clinical research portfolio.
Drive financial rigor and transparency across clinical research investments, supporting governance reviews and long-range planning.
Identify opportunities to improve forecasting accuracy, financial processes, and reporting tools supporting the clinical research organization.
Assist in the education and development of business partner financial acumen and reporting tools.
Must Have: Minimum Requirements
Bachelor’s degree
Minimum of 7 years of relevant finance or accounting experience, (or an advanced degree with a minimum of 5 years)
Nice to Have
Bachelor’s degree in Finance, Accounting, Economics, or a related field
Experience supporting clinical research, R&D, or product development organizations
Experience working with clinical study financial models or large program budgets
Experience partnering with cross-functional stakeholders including clinical, medical, R&D, and operations teams
Strong financial modeling, forecasting, and long-range planning experience
Demonstrated ability to influence senior stakeholders and operate effectively within a highly matrixed organization
Strong executive communication and presentation skills
Experience working in the medical device, healthcare, or regulated industry
MBA, CPA, or other relevant advanced certification
For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
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.
U.S. Work Authorization & Sponsorship
At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.
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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):$110,400.00 - $165,600.00This 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).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, andSimple 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), andCapital 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
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