Principal Financial Analyst

The Principal Financial Analyst of IU Minneapolis Operations is responsible for leading the key financial activities at the Minneapolis IU manufacturing site including: financial planning and analysis, standard cost setting, management financial reporting, inventory management and capital planning.

Major Areas of Accountability

• Lead the quarterly rolling forecast development and monthly reporting for Minneapolis IU Operations, meeting timing and quality requirements, facilitating management review and decision making while ensuring integrity of the data, alignment with business objectives, compliance with global accounting standards and maintaining a strong internal control environment.
• Own planning and variance analysis for manufacturing accounts
• Manage capital planning, forecasting, and reporting activities
• Oversee inventory analysis and reporting, ensuring alignment with established targets
• Lead the annual process for establishing standard costs and develop tools and reports to identify and communicate cost variances
• Partner with site and operations leadership to drive towards achieving financial targets and performance improvements
• Monitors balance sheet accounts to ensure proper levels of accruals and accurate balances
• Oversee all accounting functions including the financial close processes, general ledger accounting, reporting, analysis, and audit. This work is done in partnership with the Coloplast Shared Service center in Europe.
• Perform ad-hoc special requests or projects and other duties as assigned
• Coloplast employees are required to conduct business to the highest ethical and professional standards; comply with applicable laws and regulations, the Advanced Code of Ethics on Interactions with Healthcare Professionals, and company policies
• Other job duties as assigned

Basic Qualifications

• Bachelor’s degree in Accounting or Finance
• 7+ years of progressive operations finance experience, preferably in a medical device manufacturing environment
• Knowledge of Generally Accepted Accounting Standards or International Financial Reporting Standards.
• Experience in ERP manufacturing systems and aptitude with Business Intelligence reporting software
• Experience with supply chain and lean principles

At Coloplast, we believe in recognizing and rewarding the contributions of our employees. Our total rewards package is designed to support your well-being, foster your professional growth, and ensure a healthy work-life balance. Here is some of what you can expect:

• Health and Wellness: Comprehensive medical, dental, and vision insurance plans to keep you and your family healthy. Plus, access to company sponsored wellness programs and mental health resources, paid leave of absence for qualifying events and generous paid parental leave for both birthing and non-birthing parents.
• Financial Security: A competitive 401(k) plan with company match that vest immediately, financial planning services to help you secure your future, and corporate discount programs for goods and services.
• Work-Life Balance: Generous paid time off, flexible work hours, and flexible work arrangement options to help you balance your personal and professional life may be available.
• Professional Development: Opportunities for continuous learning and career advancement through training programs, mentorship, and tuition reimbursement.
• Recognition and Rewards: Recognition programs to celebrate achievements and contributions, including peer recognition, bonuses, awards, and special events.
• Community and Culture: A supportive work environment where everyone feels valued and has a sense of belonging.  Participate in team-building activities, volunteer opportunities, and company-sponsored events. Sustainability strategy that outlines our ambitions for how to run our company in a more sustainable way.
• Competitive Compensation: The compensation range for this position is $92,970 - $139,455. Actual compensation is influenced by a variety of factors including but not limited to skills, experience, qualifications, and geographic location. Hired candidates may be eligible to receive additional compensation in the form of bonuses and/or incentives.

Pursuing an ambitious growth agenda, Coloplast develops and markets products and services that make life easier for people with intimate healthcare needs. Employing about 16,000 people and with products available in more than 143 countries, we are one of the world´s leading medical device companies. We are constantly growing our business and always looking for new ways to move forward – we explore, learn and look for new ways of doing things.

Visit us on Coloplast.com.

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Coloplast employees are required to conduct business to the highest ethical and professional standards; comply with applicable laws and regulations, the Advamed Code of Ethics on Interactions with Healthcare Professionals, and company policies.

Coloplast is committed to a policy of Equal Employment Opportunity (EEO) which means we employ and promote individuals based on their merits, regardless of race, color, religion, sex, national origin, age, disability, veteran status, pregnancy, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status, status with regards to public assistance or any other protected classification.

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