M&A Tax Program Manager (Finance)

We anticipate the application window for this opening will close on - 24 Mar 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

This position can either be US remote or a hybrid working position that will be onsite 3 days a week at Medtronic's office in Fridley, Minnesota.

Medtronic is a fast paced, dynamic, medical device company with operations in over 150 countries and operational headquarters located in Minneapolis, Minnesota. We are seeking an M&A Tax Manager with M&A tax experience who can collaborate effectively within a team, contribute to our innovative and talented group of tax professionals, and excel in a workplace that encourages growth and learning. Join us and be a part of a company that is making a significant impact in the medical device industry.

This position reports into and supports the Senior Manager of M&A Tax and will have no direct reports. Together the Senior Manager and Manager will focus on all areas of M&A including tax due diligence, tax modeling included in the Corporate Development deal model, tax structuring, review of tax clauses in all deal documents of Medtronic's third-party acquisitions, divestitures, minority investments with third party acquisitions, and tax strategy. This position will collaborate with the Senior Manager to partner and build relationships with members of the Corporate and Operating Unit Business Development teams, Corporate Tax, other corporate functions, and external tax advisors involved in the M&A process.

In addition, depending on deal capacity, this person may also support on third-party strategic joint ventures initiated by the operating unit's business development personnel or various global tax planning projects from time to time.

Medtronic's Tax Department consists of over 100 tax professionals and support personnel located in and outside the U.S. The Tax Department is made up of seven major groups:
• Tax Planning and Audits & Controversy
• Operating Unit and M&A Tax Planning
• International
• Transfer Pricing
• Reporting & Tax Accounting
• U.S. Compliance
• Tax Transformation and Technology

Responsibilities may include the following and other duties may be assigned.
• At the direction of the Senior Manager support all aspects of M&A projects.
• Collaborate with other tax department members to address needs, risks and opportunities related to M&A projects.
• Collaborate across multiple groups including Corporate and Operating Unit Business Development teams, Legal M&A teams and other corporate and regional groups that support M&A activities.
• Conduct and assist on tax due diligence related to proposed transactions. Draft and communicate findings effectively, efficiently, and timely.
• Perform all aspects of tax modeling for M&A activities.
• Review tax representations, warranties, covenants, indemnifications, escrows, and such other appropriate tax language in deal agreements.
• Assist Senior Manager in partnering with Controllers Group and Tax Accounting Group for preparation of FIN48 tax risks related to Corporate Development projects, deferred and current tax expenses with third party "purchase accounting" valuations, and tax valuations to support acquisitions, divestitures, minority investments and post-acquisition integrations.
Other responsibilities will include, but are not limited to:
• Research, consult, and draft technical memorandum on significant transactions.
• Keep up to date on proposed and enacted law changes in and outside the U.S. that may affect Medtronic's M&A and Tax Planning strategies, and the company's cash tax and P&L tax positions.

Must Have:

Bachelor's degree plus 5+ years of Corporate Tax including M&A tax experience (3+ years with an Advanced Degree)

Nice to Have:

• Experience with U.S. federal tax rules including Subchapter C, Subchapter K, consolidated returns, and taxable and nontaxable reorganizations.

• Knowledge and "firsthand" experience:
• Performing federal, state, and international tax due diligence on M&A projects.
• Reviewing and/or drafting of tax language in transaction documents or experience managing external tax advisors performing such drafting including reps & warranties, covenants, indemnifications, escrows in transaction agreements (or experience managing external tax advisors performing such drafting).
• Structuring taxable and non-taxable stock and asset acquisitions, divestitures, and joint ventures with third parties in tax and treasury efficient methods.
• Strong tax research skills.
• Strong quantitative and analytical modeling skills.

• Bachelor's Degree in Business Administration, Finance, or Accounting, or an advanced degree with comparable emphasis in business, accounting, or taxation.

• Certification, such as CPA, Masters of Tax, or attorney licensed by the Bar in at least one state.

• General understanding of common M&A tax issues including use of debt, taxable and non-taxable mergers, liquidations, business combinations, use of net operating losses and use of tax attributes of acquired target entities, exit taxes, and VAT/indirect taxes or other transaction taxes.

• General understanding of ASC 740 (accounting for income taxes) and ASC 805 (accounting for business combinations).

• Strong oral and written skills.

• Attention to detail including excellent organizational and critical thinking skills.

• Ability to grow and be flexible by assuming an increased level of responsibility and being able to adjust to changing priorities.

• Ability to work effectively within a matrix organization.

• Positive attitude and ability to adapt to change.

#LI-MDT

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):$116,000.00 - $174,000.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

U.S. Pay Transparency (for SIP, Commission, Hourly Direct, Interns, Executives)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 90,000+ 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.