Sr. Manager, Strategic Sourcing, Real Estate (Finance)

We anticipate the application window for this opening will close on - 30 May 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
At Medtronic, we not only have the opportunity to manage spend for the largest medical device company in the world, but we also get to experience the immense sense of purpose that comes from knowing that the money we save is reinvested into technology that helps alleviate pain, restore health, and extend lives of millions of patients around the world. The work we do supports the Medtronic Mission, and it matters.

In this role, you will be a key member of Medtronic's center-led Indirect Supply Management (ISM) team and report to the Director, Strategic Sourcing for Warehousing, Facilities, and Real Estate. This role provides the opportunity to help identify and ensure the execution of real estate sourcing strategies across our global portfolio. You will partner with the center-led Corporate Real Estate, external Service Provider, and internal regional Sourcing teams to support property sourcing, negotiation, contracting, acquisition, and disposition.

This newly created position offers opportunities to help create significant new value. We seek a candidate who thrives on building sourcing and real estate value propositions and is eager to dive in to make a difference. The ideal candidate will be a SME in Real Estate with a Sourcing lens and have a demonstrated history of quickly building and leveraging relationships in a global, matrixed environment, working collaboratively to ensure team performance and execution, and successfully influencing various stakeholders at all levels. This position will ensure commercial Sourcing discipline and practices for a large, indirect spend pool.
As the Sr. Manager, Strategic Sourcing - Real Estate, you will:

• Understand economics and market conditions and ensure strategies are deployed to mitigate cost and risk
• Act as the primary liaison between internal Sourcing teams and Corporate Real Estate and external partners to ensure seamless communication, deal progression, and compliance
• Develop the Global Category Sourcing Strategy in close coordination and alignment with the Corporate Real Estate Strategy
• Participate in market benchmarking and help identify, analyze, and shortlist property options
• Support RFP events and processes with short-listed options, ensuring maximum value creation, risk mitigation, and acceptable terms and conditions
• Support corporate portfolio optimization efforts, led by Corporate Real Estate, including asset acquisitions, renewals, lease re-negotiations, and property dispositions
• Assist in negotiation planning, financial analysis, and side-by-side comparisons and evaluations
• Collaborate on transaction commercial contracts (LOIs, leases, purchase agreements, etc)
• Oversee Transaction Fees and ensure / audit costs are in line with agreed-upon contractual rates
• Manage and negotiate contracts with external Service providers, ensuring contractual rates, terms, and KPIs are met
• Work in conjunction with the Corporate Real Estate team to implement the Supplier Relationship Management program and other best practices

This position is ideally located in the Twin Cities, MN, and will operate on a hybrid schedule, though remote candidates will be considered.

Must Have:

• Bachelor's Degree in Real Estate, Finance, Economics, or related field plus 7 years of relevant experience in complex commercial Real Estate transaction processes, or an advanced degree with 5 years of relevant experience in complex commercial Real Estate transaction processes.

Nice to Have:

• At least 10 years of experience in a large, multi-divisional corporation
• Exposure to Sourcing and Procurement, and driving category strategies
• Experience in forming and maintaining strategic partnerships
• Strong influencing and negotiation skills
• Self-starter, highly collaborative, results-driven personality
• MBA or Master's degree in Real Estate, Finance, Economics or related field
• 12+ years deep commercial Real Estate and Sourcing experience
• Knowledge of working in FDA-regulated industries
• Previous experience in the medical device/life sciences industry
• Experience working with a global, highly matrixed organization

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):$138,400.00 - $207,600.00

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.