Senior Financial Analyst at MED Medtronic Inc — Fridley, MN
Full job description
A Day in the Life
This team is responsible for rebates, accruals, balance sheet reconciliations, and reporting for Cardiovascular, Medical Surgical, and Neuroscience Portfolios.
The primary responsibility of this Sr. Financial Rebate Analyst role is to support Accrual Management, Balance Sheet Reconciliation, and Reporting /Analysis activities that improve the effectiveness of the US Rebates team across the Cardiovascular, Medical Surgical & Neuroscience portfolios. A large focus is placed on Source Data Accuracy and sharing insightful analysis with our business partners and customers. The secondary responsibility is to contribute and/or represent the department through completion of specific projects as defined in yearly objectives.
- Ensure source data accuracy across the Cardiovascular, Medical Surgical, and Neuroscience Portfolios through the completion of weekly accrual audits and alignment between rebate systems (Vistex, ECRS, CMS) and downstream reporting in GSR & other reporting universes
- Support Portfolio Accrual leads in project work & training related to rebate systems and agreement intake best practices
- Create and distribute recurring operational reports including those related to credit, issue logs, membership management, annual true-ups, etc.
- Research and respond to accrual & reporting inquiries utilizing all available reporting and analysis tools
- Prepare actionable balance sheet reconciliations that clearly identify outstanding customer liabilities by contract and settlement period, including remediation of aged items, and collaborating with auditors to explain rebate-related financials
- Represent Rebates team on special projects with business partners including Contracting/Sales, Pricing, Finance, Credit, IT, Systems, etc.
- Support efforts to ensure Bulk Quarter End Deals (QEDs) are loaded timely with accurate accruals
- Serve as backup for teammates on tasks related to accruals, membership, Rebate System enhancements, rebate exception process, etc.
- Utilize analysis and reporting tools including Excel, Power Query, Power Automate, Business Objects, Access, Visual Basic, etc. to support projects and initiatives
- Analyze and understand data and share summarized findings & related insights
- Special projects and support as needed
Minimum Requirements
- Bachelor’s degree plus 4 + years of work experience in finance, accounting and/or pricing
- Experience working with data & analysis tools such as Excel and Business Objects
Nice to Have
- 4+ years of Medtronic experience in a financial, sales support or analytic role
- Advanced degree
- Strong logic and analysis skills
- Ability to interpret contracting language
- Extensive knowledge of SAP, BOXI, Word, Excel, PowerPoint, Access and a willingness to continue learning
- Demonstrated experience with revenue recognition requirements, accounting flows, balance sheet reconciliations, and financial audits
- Working knowledge of Vistex/SAP rebate software
- Experience with legal terms and conditions
- Work experience in dealing with professionals in various disciplines
- Proven change management skills
- Strong oral and written communication abilities with experience interacting with customers and internal business partners
- Team player that is a self-initiator, highly motivated, and works well with others
- Reliable work ethic and ability to be flexible during peak times
Physical Job Requirements
U.S. Work Authorization & Sponsorship
Recruitment Fraud Alert
Benefits & Compensation