at Medtronic
Location
2 Locations
Compensation
$130k–$196k USD
Posted
Yesterday
Market range · company + function + seniority
p25 · target · p75 · n=186
Posted $196k · well above market
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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.
As one of three comprehensive portfolios at Medtronic, Neuroscience is dedicated to improving the lives of people living with neurological disorders, spine conditions, and chronic pain. Guided by our Mission—to alleviate pain, restore health, and extend life—we develop technologies and therapies that help people regain function, reduce pain, and return to the activities that matter most.
The Principal Strategy & Portfolio Associate leads strategic planning and portfolio management activities across the Medtronic Neuroscience portfolio. This role is primarily responsible for helping shape portfolio strategy, orchestrating the annual strategic planning process, and strengthening leadership operating mechanisms that drive execution on Neuroscience and enterprise priorities. Additionally, this role may include supporting business development initiatives and helping to define inorganic strategies.
Working closely with Strategy & Portfolio leadership, Portfolio Finance, Operating Unit (OU) leaders, and cross‑functional partners, this role develops insights, frames recommendations, and drives high‑quality materials that inform strategic priorities, capital allocation, and portfolio decisions.
Responsibilities may include the following and other duties may be assigned.
Strategic Planning Leadership
In collaboration with Finance and Strategy leadership, lead and continuously improve the Neuroscience portfolio strategic planning process, including development of timelines, deliverables, and planning milestones in alignment with OUs and Corporate Strategy.
Drive progress against planning milestones; proactively identify risks or gaps and partner with OU and corporate stakeholders to resolve issues and maintain momentum.
Develop and synthesize market, competitive, and portfolio analyses to inform strategic choices and long‑range planning.
Support the creation of strategy presentations, briefing materials, and executive communications for Neuroscience and enterprise leadership.
Portfolio Analysis and Decision Support
Partner with Portfolio Finance and strategy leadership to frame portfolio analyses, investment trade‑offs, and funding recommendations across organic and inorganic opportunities.
Build and refine analytical models, dashboards, and decision frameworks that inform portfolio planning, resource allocation, and scenario analysis.
Prepare clear, insight‑driven materials for portfolio review forums, enabling data‑driven decisions by Neuroscience and enterprise leadership.
Leadership Team (LT) Operating Mechanisms
In collaboration with NS LT, design, lead, and continuously enhance operating mechanisms for the Neuroscience Leadership Team, including Monthly Performance Reviews and strategic deep‑dives.
In collaboration with OUs, own coordination and development of meeting materials, pre‑reads, and follow‑up tracking to ensure clear decisions, accountability, and progress against strategic initiatives.
Maintain and evolve portfolio reporting, key performance indicators, and progress tracking for critical strategic programs.
Cross‑Portfolio and Cross‑Functional Initiatives
Play a central role in cross‑OU and cross‑portfolio strategy initiatives, ensuring alignment with Neuroscience and enterprise priorities.
Collaborate with stakeholders across strategy, finance, marketing, clinical, and R&D to integrate market, competitive, and clinical insights into recommendations.
Help identify and drive convergence opportunities across OUs (e.g., shared platforms, disease state strategies, enabling technologies).
Business Development Support
Support inorganic activities including mergers, acquisitions, joint ventures, licensing, investments, distribution agreements, sales agency relationships, co-developments, and strategic partnerships.
Assist in evaluation of these opportunities through market research, opportunity screening, and financial or strategic analysis.
Support preparation of internal materials used in these inorganic opportunity assessment and diligence processes and approval reviews through senior leadership.
Must Have: Minimum Requirements
Bachelor's Degree
Minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience.
Nice to Have
Degree in Business, Finance, Economics, Engineering, Life Sciences, or related field.
Relevant experience in strategy, management consulting, corporate strategy, portfolio management, corporate development, finance, or related fields.
Demonstrated experience leading complex strategic projects, portfolio analyses, or planning processes in a matrixed environment.
Strong analytical and problem solving skills with the ability to structure ambiguous problems and synthesize complex information into clear, actionable insights.
Proven ability to influence and partner effectively across functions, geographies, and levels in a highly matrixed, cross functional environment.
Experience in healthcare, medical devices, life sciences, or related industry.
Hands on experience leading strategic planning, portfolio management, or enterprise/OU level strategy processes.
Experience building financial models, evaluating investments, or supporting business cases for capital allocation.
Familiarity with market research, competitive intelligence, and business case development for organic and inorganic growth opportunities.
For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.
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.
U.S. Work Authorization & Sponsorship
At Medtronic, we are committed to fostering an environment where employees can thrive and make a meaningful impact. In alignment with our enterprise-wide workforce planning approach, U.S. work authorization sponsorship (H-1B, TN, J, etc.) is offered exclusively for Principal-level roles and above, where specialized expertise aligns with long-term business needs. Roles below the Principal level require candidates to possess unrestricted U.S. work authorization at the time of hire and for the duration of employment.
Join us in our mission to alleviate pain, restore health, and extend life—where your unique background and perspective are valued.
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).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
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.
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