Senior Finance Manager - MICD Supply Chain

| Minneapolis–Saint Paul, MN
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Careers that Change Lives
This position is a remote-based position on interim basis due to Covid19 Pandemic. Upon approval of 'Return to Office" site guidelines, this role will require the individual to work onsite.

Medtronic's Supply Chain is at the heart of the company, focused on ensuring the right product is in the right place at the right time to meet our customer's and patient's needs. The Supply Chain Function is responsible for balancing supply and demand across the organization; ensuring we have the optimized amount of inventory to meet worldwide demand for Medtronic's vast array of businesses and products.

The position reports to the Inventory & SOGL COE/MICD Supply Chain Finance Director and will partner with multiple stakeholders to provide timely analysis, insightful guidance, and financial leadership to the Machined Implantables, Capital & Disposables (MICD) Network Supply Chain. This role requires extensive cross-functional partnership with various supply chain, operating unit, and finance teams to implement best practices, build capabilities and drive improvement cross-functional partnership with various supply chain, operating unit, and finance teams to implement best practices, build capabilities and drive improvement across the supply chain cycle, including volume/ demand planning, inventory, and capital management, inventory excess, and obsolescence reserves, and SOGL and freight expense management.

The position will also provide financial business partnering support for strategic supply chain initiatives and be responsible for developing processes, financial models and frameworks that enable better business decisions impacting supply chain metrics and support continuous improvement.

Join a diverse team of innovators who bring their worldview, their unique backgrounds, and their individual life experiences to work every day. It's no accident -we work hard to cultivate a workforce that reflects our patients and partners. We believe it's the only way to drive healthcare forward and remain a global leader in medical technology and solutions.
A Day in the Life
  • Actively engages with business partners to understand financial drivers and achieve key supply chain metrics.
  • Drives and supports strategic supply chain initiatives through financial modeling, ad-hoc analysis, and reporting to influence decision making and drive business results.
  • Performs financial planning and analysis (FP&A) activities to support quarterly forecasts and annual planning (AOP) for Inventory, Capital, Amortization, Freight, and SOGL (scrap, obsolescence, physical gains/losses) as well as manage balance sheet inventory reserves.
  • Completes monthly financial reporting of supply chain financial metrics: analyzing results, identifying issues, and providing actionable insights.
  • Oversees and reviews monthly close activities, including journal entries and account reconciliations, to ensure integrity of financial results and appropriate management visibility
  • Review excess / obsolete inventory reserve assessments and proactively identifys areas of risks and opportunities.
  • Supports Integrated Business Planning (IBP) and develops financial analysis that provides insight into issues/decisions that impact key supply chain related metrics such as product phase in/phase out, demand/supply planning, excess inventory management, and product lifecycle management.
  • Consultant to various finance team members and a thought partner on complex business issues and analytical opportunities across the MICD Network and Operating Units that enable better decision making (supply chain, controllership functions, manufacturing sites).
  • Brings a mindset of continuous improvement to all aspects of the job, including recurring processes and standard-along projects.
  • Supports the GO&SC Finance team in key projects and processes as needed, such as a financial systems/data mgmt. improvements and automation, inventory revaluation, deferral period analysis, obsolescence process, capex processes and other process improvement efforts
  • Lead talent management and development activities for a team of 3 principal financial analysts

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

  • MBA, CMA, or CPA or other financial certifications
  • Exceptional leadership, business partnering and influencing skills
  • Proven track record of taking ownership and driving results
  • High degree of initiative and self-motivation
About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future.

Physical Job Requirements

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. (ADA-United States of America)

Additional Information
  • Posting Date: Sep 1, 2021
  • Travel: Yes, < 25 % of the Time
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