Associate Financial Analyst Business Model Innovation

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

Within the Global Sales Center of Excellence (CoE) team, we coordinate and manage all financial aspects of the sales cycle in our region, including customer incentives, revenue recognition, new sales models, sales & product structures, sales reporting and sales incentives calculations & accruals.

In this role, you will be part of the team responsible for revenue recognition and new business models. Based on business requirements we design processes and capabilities to support new sales initiatives. After deployment we are often responsible for coordinating the end-to-end process, as we are for leasing capital equipment and service contracts in the EMEA region. Besides that, you support Integrated Health Solutions (IHS). This is an Operating Unit that offers end-to-end solutions for hospitals in which products and services are combined.

Primary Responsibilities

• •Review business cases and apply revenue recognition rules to determine financial impact and translate into SAP order entry solutions
• •Partner with IT & Customer Care on SAP capabilities for new business models
• •Act as spider in the web between the business, Customer Care, business finance and IT
• •Perform balance sheet reconciliations and prepare US GAAP disclosures
• •Run Service & Repair and leasing operations: month end closing activities, coordinate approvals and operational side of all leasing deals, reporting and analytics active agreements, ad hoc support & education to sales teams/business finance
• •Run IHS financial operations: manual revenue accruals (ensuring US GAAP compliance and required supporting documentation), business controlling, reporting and analytics (revenue, PPV)
• •You will closely liaise with other value streams, OU finance analysts, Sales Operations, Customer Care & IT.

Required Qualifications

• •Relevant bachelor’s or master’s degree in finance and/or Accounting
• •0-4 years relevant working experience in Finance
• •Perfect command of English, written and spoken

Preferred Qualifications

• •Experience with an ERP system (preferably SAP)
• •Advanced user MS Office (Excel, Access)
• •To be successful in this role you are a team player with a hands-on mentality. You are result and quality orientated. You are strong in mastering and visualizing complex end to end processes and understanding the connections between data elements. You are flexible and supportive of change. You have a strong affinity with systems.

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.

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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.

Pay range / Rango salarial / Intervalo salarial /Fascia retributiva / Tranche de salaire / Gehaltsband / Salaribereik: Netherlands: 45,600.00 EUR - 68,400.00 EUR |

The final salary within this range will be determined based on objective, job-related criteria, including relevant experience, skills and qualifications, in accordance with our compensation framework. ‌

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