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Principal Contract Analyst

2 months ago

Minneapolis, Minnesota, United States Medtronic Full time
Job DescriptionMin Salary USD102,400Max Salary USD153,600TravelNoCareers that Change Lives

A career at Medtronic is like no other. We're purposeful. We're committed. We're driven by our Mission to alleviate pain, restore health, and extend life for millions of people worldwide. We believe career growth and development is about learning and stretching yourself to grow your expertise and navigate your career in an environment that walks the walk, creating an inclusive culture where you can thrive. We believe that when people from different cultures, genders, and points of view come together— everyone wins.

We are seeking a Principal Contract Analyst to join our Pricing and Contracting team for the Americas. Candidates in this role will apply their curiosity, detail orientation and business acumen to ensure contract compliance with organizational policies, legal guidelines and business requirements. An effective communicator and influential collaborator, you'll work with cross-functional teams spanning Sales, Pricing, Contracting, Marketing and others to drive positive outcomes for the organization.

This position has key stakeholders at our Headquarters in Minneapolis, MN, and will work a hybrid in-office schedule. We will prioritize talent over location. Qualified remote candidates are encouraged to apply.

A Day in the Life

Responsibilities may include the following. Other duties may be assigned.

  • Conducts activities to facilitate administration and compliance of contracted pricing agreements with customers, such as recurring compliance reporting, pricing changes, communication to cross-functional stakeholders on contract performance, and other relevant compliance and administration activities.
  • Implement new processes and systems to effectively manage and scale pricing compliance related activities.
  • Project manage critical activities utilizing professional PM technology like Azure, Miro, or other relevant and similar software.
  • Supports and reviews proposals on pricing change requests, preparation, contract administration, and customer contact activities to provide for proper contract lifecycle management and fulfillment in accordance with company policies, legal requirements, and customer specifications.
  • Manages pricing strategy in conjunction with cross-functional stakeholders such as Contracting, Pricing, Marketing, Sales and other relevant parties.
  • Understands and manages pricing contracts, ensuring compliance with company policies and customer agreements.
  • Analyzes market dynamics and trends, particularly with Group Purchasing Organizations (GPOs), Integrated Delivery Networks (IDNs), and other key market players.
  • Provides strategic insights and recommendations based on market analysis to optimize pricing strategies and maximize profitability.
  • Monitors and evaluates the impact of pricing strategies on sales and profitability, makes recommendation on adjustments as necessary.
  • Extracts, models, and visualizes data using tools such as SQL, Alteryx, and Tableau.
  • Utilizes data analytics to support decision-making processes, identify trends, and generate actionable insights.
  • Develops and maintains data dashboards and reports to communicate key metrics and performance indicators to stakeholders.
  • Ensures data integrity and accuracy in all analytics activities.
  • Review relevant systems to ensure proper functionality, bug reporting, IT improvements and implementations, and data integrity.

Must Have: Minimum Requirements

  • Bachelors degree required
  • Minimum of 7 years of relevant, progressively-responsible contract administration experience, or advanced degree with a minimum of 5 years relevant experience
Nice to Have
  • Bachelor's degree in Business, Finance or related field.
  • Experience working in large, global, highly matrixed organizational structure.
  • Familiarity with Medtronic policies and programs.
  • Experience in the medical device industry.
  • Data visualization, analytics and modeling skills.
  • Leadership and/or talent management experience.
  • Broad knowledge of project management.
  • Advanced Excel and PowerPoint skills.
  • Advanced experience with SAP, Snowflake or Salesforce is highly preferable.
About Medtronic

At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be. We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let's work together to address universal healthcare needs and improve patients' lives. Help us shape the future. Together, we can change healthcare worldwide.

Physical Job Requirements

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.

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.

Learn more about our benefits here.

This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) here.

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).

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