• Job Description

  Req#: R29815
  We anticipate the application window for this opening will close on - 2 Jun 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

  Medtronic will implement a program called Design for Value (D4V) which will bring stronger management of gross margin to new product development (NPD) by focusing on product cost, or LBM (Labor, Burden, Material). It is essential that the D4V methods and tactics be utilized early in the NPD lifecycle to set LBM expectations and influence the NPD program scope and plan.
  
  The Design for Value (D4V) Leader is a member of the wider Value Analysis/Value Engineering (VAVE) team supporting Strategy and Technology. This leader is responsible for formalizing & socializing D4V strategy across Medtronic. You will drive change through D4V Events, working closely with all OU teams in Medtronic and to influence R&D efforts with key tools and practices that deliver a high quality, innovative product with the best possible margin and the right product cost to Make a Fair Profit. You will be at the forefront of Medtronic’s Mission to Alleviate Pain, Restore Health, and Extend Life by improving our capability to deliver life-saving products and support new product innovation.
  
  This role can be based at any Medtronic location within North America

  • Create an effective toolset to drive target costing based on market needs and margin expectations

  • Organize & Lead D4V events through cross functional brainstorming utilizing an effective toolset & techniques

  • Collaborate with the DFO team to define a pathway to success keeping in mind best practices and standardization to minimize burden on the OU/GOSC teams

  • Engage with external suppliers that can support & contribute to D4V success

  • Create a D4V roadmap that is aligned with Strategy & Vision

  • Utilize strong networking and influencing skills to align stakeholders on D4V

  • May travel up to 20%

  Must Haves

  Bachelor’s degree and 7+ years of Business Process, Engineering Program Management and/or Project Management experience OR advanced degree and 5+ years of experience

  Nice to Have

  • People Management experience

  • Advanced Degree

  • PMP Certification

  • DRM Black Belt

  • Experience leading projects/programs including financial accountability

  • Experience working with suppliers and/or contract manufacturers

  • Financial management skills

  • Experience leading cross functional teams

  • Medical Device industry experience

  • Demonstrated strong business acumen and planning experience

  • Strong communication skills (written, verbal, listening (with all levels of the organization)

  • Strong problem-solving skills

  • Comfortable to work with unknowns and developing roadmaps

  • Ability to influence business leaders, stakeholders and individual contributors

  • MS Project software experience

  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):$170,400.00 - $255,600.00

  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

  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.

  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.

• About the company

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