Tyler Tessmann

Experience

1. Senior Financial Analyst - Sales Finance Center of Excellence (Coe)

   Medtronic

   Jan 2024 — Present · Fridley, MN, US

   Sales Finance COE | CV Portfolio | Cardiac Ablation Solutions (CAS)| Cardiac Surgery | Structural Heart & Aortic (SH & A)• Delivered actionable financial insights to executive leadership, enabling data-driven decision-making and optimized resource allocation across ~$200M budget and ~800 FTEs.• Identified and implemented cost-saving initiatives resulting in ~$30M in annual savings, while maintaining operational excellence and supporting 97% revenue growth to support new product launch.• Simultaneously manage separate operating unit with ~$55M budget and ~85 FTEs, delivering 7% year-over-year revenue growth through rigorous expense management and process optimization.• Lead forecasting and variance analysis for multiple business units, providing recommendations that enhanced profitability and improved budget accuracy.• Partner cross-functionally with operations, HR, and commercial teams to align financial strategies with corporate objectives and drive sustainable growth.• Enhance, develop, and present comprehensive financial models supporting long-term strategic planning and capital allocation.• Streamline financial reporting processes for monthly, quarterly, and yearly P&L results with additional reporting packages for quarterly multi-year forecasting.• Champion continuous improvement initiatives, leveraging data analytics to identify opportunities for efficiency and scalability with centrally planned budgeting processes (Commissions, President\'s Club, and Margin Analysis).

Education

• Providence Academy - Plymouth, MN

  High School Diploma

• Concordia College

  Bachelor's degree