Associate Accountant
Medtronic
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 the Invoice-to-Pay (ItP) department within Medtronic’s Global Financial Shared Service Centers, our AP Reconciliations team plays a critical role in ensuring the timely, accurate, and efficient reconciliation of Balance Sheet Accounts related to the Accounts Payable Subledger. Team members are responsible for regularly reviewing, investigating, and resolving open items on Balance Sheet Accounts in line with our internal financial policies.The team also drives process improvements by applying Lean Sigma problem-solving methodologies, identifying and implementing best practices to standardize and streamline reconciliation activities globally. By collaborating across regions, the team helps optimize efficiency and maintain high-quality financial operations.
Main purpose of the role is:
Ensure accurate monthly reconciliation of assigned AP accounts
Build strong relationships within the FSSC and with local stakeholders
Answer and resolve customer inquiries related to account reconciliations
Contribute to continuous improvement initiatives by using Lean Sigma, A3, and DMAIC methodologies to enhance processes
Perform monthly allocations, accruals, and other closing activities
Identify and report issues to the Accounting Supervisor
Collaborate closely with other departments within the organization
Responsibilities may include the following and other duties may be assigned:
Execute predefined AP reconciliations activities, including:
Reconciling supplier debit balances, ensuring data accuracy, and communicating with suppliers, internal teams, and local stakeholders
Following up and resolving inquiries related to account reconciliation in a timely manner
Performing monthly cost allocation and accrual activities for assigned accounts and resolving outstanding issues
Adhering to SOX and internal control compliance requirements
Maintaining effective communication with co-workers regarding work issues, customer concerns, and schedules
Support the overall goals of the FSSC
Contribute to embedding a continuous improvement mindset within the department by applying Lean Sigma problem-solving methodology
Deploy cost- and time-saving initiatives to support overall Finance value capture targets
Act on existing or new Medtronic policies and procedures impacting Invoice to Pay.
Required Knowledge and Experience:
Degree in Finance/Accounting
1 - 2 years previous experience in finance/accounting in an international environment; experience in a Shared Services Centre preferred
Highly efficient verbal and written communication skills in English
Work experience with MS Office suite (especially Excel – functions, pivot tables), SAP (desired), and other ERP-s and reporting tools
High level of English
Ability to work in a Hybrid setting
Experience with Lean Sigma is desired
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.
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