Job Description:

We anticipate the application window for this opening will close on - 11 Jan 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

Team is working hybrid and position will be onsite 3 days/week.

The Principal Corporate Development Associate participates in Medtronic Business Development projects including mergers and acquisitions, strategic alliances, joint ventures, minority investments, technology licenses and divestitures, for which the Medtronic Business Development group has primary responsibility. The Associate is required to work in close partnership with corporate development leadership, and project teams that generally include personnel from various corporate and/or business unit functional departments including finance, tax, law, human resources, research and development, operations, information technology, quality assurance, and regulatory.

The Associate participates in the Medtronic Business Development activity by performing market analysis, financial analysis, deal structuring and negotiation, and due diligence project coordination. The Associate is responsible for executing project requirements and preparing and presenting proposals and recommendations to management. In addition, the Associate will interact with third parties as a crucial Medtronic representative to evaluate new opportunities, drive project deliverables, and negotiate terms. The Associate generally is required to participate in 4 to 6 active projects at any one time, with fluctuating levels of time commitment.

Responsibilities may include the following and other duties may be assigned.

• Assess project requirements and identify necessary personnel and information resources for project team

• Perform market analysis for proposed transactions, and transaction relationship/fit with Medtronic strategic objectives

• Perform company, market, competitor, and industry research and analysis and prepare profiles

• Identify and assess opportunities and risks of proposed transactions, including operational and integration synergies and issues

• Perform detailed financial analysis and develop valuation models for proposed transactions

• Develop and analyze transaction structures in cooperation with legal personnel

• Serve as a point of contact with third parties, lawyers, Medtronic Corporate Development leadership and Medtronic operating unit and functional resources in support of proposed transactions

• Actively participate in negotiation process in cooperation with and with direction from Medtronic Corporate Development leadership

• Present proposed transactions to appropriate decision making management groups

• Manage analysis and due diligence processes including coordination of Medtronic functional and business unit personnel

• Monitor markets, industries and organizations of potential strategic interest

• Develop broad knowledge of medical technology industry and Medtronic businesses to further develop leadership potential

Must Have: Minimum Requirements

• MBA plus 5+ years of experience development of business strategies, tactics and solutions

Nice to Have

• Advanced financial modeling experience

• Experience managing multiple projects simultaneously

• Experience working with all levels of management

• In-depth experience creating spreadsheets, presentations and word processing software (Excel, PowerPoint, Word, etc.)

• Previous work experience in business development, investment banking, strategic planning and/or operating management

• Analytical and valuation experience

• Medical device or healthcare industry experience

• M&A and strong valuation experience

• Strong leadership skills

• Excellent oral and written communication skills

• Strong interpersonal skills with the ability to influence and lead others

• Strong organization and prioritization skills with the ability to manage several projects simultaneously

• Ability to perform under pressure and in a very dynamic environment

• A high degree of initiative and motivation

• Strong strategic thinking

• Ability to understand complex technical product information

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):$133,600.00 - $200,400.00

This 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 , and Simple 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) , and Capital 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