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
Our Global Diabetes Capability Center in Pune is expanding to serve more people living with diabetes globally. Our state-of-the-art facility is dedicated to transforming diabetes management through innovative solutions and Technologies that reduce the burden of living with diabetes.
The accountant – Cash Application is responsible for processing and reconciling incoming payments, ensuring they are accurately applied to customer accounts in SAP. This role supports the efficient operation of the cash application process within the Record to Report (R2R) team and works closely with the Senior Accountant. Collaboration with Treasury, Procure to Pay (P2P), Employee Expense Management, and Intercompany teams is essential for accurate and timely cash flow management.
This position is an exciting opportunity to work with Medtronic's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.
Responsibilities may include the following and other duties may be assigned.
Process daily incoming payments, ensuring accurate and timely application to customer accounts in SAP.
Investigate and resolve unapplied or misapplied payments, escalating complex issues to the Senior Accountant as needed.
Assist with daily, monthly, and quarterly reconciliations of accounts receivable and cash balances.
Work closely with Treasury to support bank reconciliations and the identification of incoming funds.
Collaborate with P2P, Employee Expense Management, and Intercompany teams to support outgoing payments and intercompany transactions.
Contribute to month-end and year-end closing activities by preparing relevant reports and reconciliations.
Maintain compliance with internal controls, company policies, and accounting standards.
Support process improvements and automation initiatives within the cash application function.
Assist with documentation and provide support during internal and external audits.
Maintain accurate and up-to-date process documentation and standard operating procedures.
Required Knowledge and Experience:
Bachelor’s degree in accounting, Finance, or a related field.
2-4 years’ experience in cash application, accounts receivable, or accounting, preferably in a shared service center environment.
Working knowledge of SAP (FI module preferred).
Strong attention to detail and accuracy.
Good analytical and problem-solving skills.
Effective communication and collaboration skills.
Proficiency in Microsoft Office, especially Excel.
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.
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.
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
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
