We anticipate the application window for this opening will close on - 17 Oct 2025
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
As part of Medtronic’s Global Finance organization, the treasury team drives the company’s capital structure strategy, funding, liquidity, and financial risk management. We execute across global debt and equity markets, manage cash and liquidity worldwide, and partner with leading banks, credit rating agencies, and internal stakeholders to support Medtronic’s financial strength and strategic objectives.
At Medtronic, we act boldly in new ways, bringing creativity, innovation, and decisive execution to advance healthcare. Treasury plays a critical role in this mission, delivering innovative financial strategies that sustain growth, protect resilience, and enable us to put patients first.
The Principal Treasury Analyst is a highly visible role responsible for day-to-day execution of core capital markets and liquidity activities, while also providing strategic analysis, building advanced analytical models, and delivering executive-ready presentations to treasury leadership and executive management. This individual will directly manage Medtronic’s commercial paper program, support bond issuance and liability management, optimize global cash and liquidity, lead the company’s net investment hedging program, and execute shareholder return strategies such as dividends and share repurchases.
The role requires strong analytical acumen, expertise in complex financial modeling, the ability to create clear, compelling presentations, a strong operational mindset, and effective relationship-building capabilities.
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:
Capital Structure & Funding
Direct the commercial paper program, acting as the primary short-term debt issuer and managing relationships with a network of top global banks.
Run the share repurchase program and contribute to dividend policy, overseeing execution of both structured and open-market buybacks.
Lead the Net Investment Hedging program, executing foreign currency forward contracts, collar structures, and cross-currency swaps.
Support bond issuance, refinancing, and liability management strategies, ensuring covenant compliance, accurate documentation, and regulatory alignment.
Oversee the revolving credit facility, including bank group composition, compliance, and strategic alignment of relationship banks with current and future needs.
Forecasting and Modeling
Lead FP&A partnership on interest income and expense planning, driving the annual operating plan, multi-quarter forecasts (7- and 10-quarter outlooks), strategic cycles, and monthly forecast updates.
Enhance analytical models, document forecast assumptions, and maintain supporting files - ensuring transparency, accuracy, and ease of use.
Investigate and implement process improvements, introducing new methodologies, automation, and modeling techniques to elevate accuracy and efficiency.
Serve as the enterprise capital structure modeler, designing and running scenario analyses on debt leverage, dividend policy, share repurchase plan, and bond refinancing initiatives providing forward-looking insights that help guide decision-making in dynamic market conditions.
Relationship Management
Partner with treasury leadership to manage the global banking network, assessing enterprise needs and aligning them with banks best positioned to deliver. Support negotiations and drive initiatives that span all treasury teams.
Collaborate with the treasury team on the annual assessment of banking partners by compiling performance data (quantitative and qualitative) and providing structured feedback to maximize value from these relationships.
Support credit rating agency interactions, including preparing materials and analysis for semiannual and periodic reviews.
Digital Transformation & Innovation
Support Finance’s holistic digital transformation by supporting treasury workstream-leader in assessing current processes and technology, identifying pain points and recommending new solutions and technologies such as AI, RPA, and automation tools.
Drive enhancements to treasury’s reporting and forecasting processes by conceptualizing, building, and implementing data-driven solutions and advanced modeling approaches.
Modeling, Analysis & Leadership
Develop and maintain complex financial models to support financing, interest income/expense, liability management, net investment hedging, capital allocation, and capital structure strategies.
Monitor global financial markets and distill insights into actionable recommendations for treasury leadership and executive leaders. Perform refinancing analysis, monitor yield curves and credit spreads, and provide liability management recommendations.
Prepare and deliver polished, high-impact PowerPoint presentations for treasury leadership, CFO, FP&A, investor relations, external reporting, tax, the board of directors, and external stakeholders.
Promote continuous improvement, standardization of templates, and process documentation.
Provide leadership, coaching, and support to junior treasury team members.
Must Have: Minimum Requirements
Bachelor’s Degree with 7+ years of finance, treasury, or accounting experience (or advanced degree with 5+ years of finance, treasury, or accounting experience).
Nice to Have
Ability to thrive in a fast-paced environment, managing multiple high-impact priorities with attention to detail.
Advanced proficiency in Microsoft Excel and PowerPoint.
Exceptional financial modeling, forecasting, and scenario analysis capabilities.
Bachelor’s degree in finance, accounting, or economics; MBA, CPA, or CFA designation.
Knowledge of capital markets, corporate finance, and global liquidity management.
Experience with Medtronic technology platforms (SAP, OneStream, Ion Reval, FIS).
Strong interpersonal skills with ability to quickly build relationships and influence stakeholders.
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):$111,200.00 - $166,800.00This 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
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 95,000+ 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.
If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
