Sr Contract Analyst
3 weeks ago
Careers that Change Lives
At Medtronic, we not only get the opportunity to help manage contracts and pricing for Neuromodulation and Pain Interventions products 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 therapies we represent helps alleviate pain, restore health, and extend lives of millions of patients across the world.
The work we do supports the Medtronic Mission, and it matters.
As a key member of the Contracting Team, you will support the objectives of the Americas Region by leveraging effective and efficient contracting efforts while continually improving best in class execution.
Team members are encouraged to be accountable for details and proactively tackle challenges by bringing forward contracting and system solutions. The ideal candidate will be able to quickly build relationships with both cross functional partners as well as internal partners, work both independently and collaboratively, and influence.
We seek out and hire a diverse workforce at every level: We need fresh ideas and inclusive insights to continue to be an innovative industry leader —that’s why we make it a point to seek out, attract and develop employees who are patient-centric, passionate, and who represent the same wide variety of life experiences as our patients.
A Day in the Life
This role as a Senior Analyst - Contracts is an integral role responsible for providing contract life cycle support to the Neuromodulation and Pain Interventions Operating Units.
Work is done in a sales region with OU partners, providing contract and pricing analytics and operational support to the Field Sales Organization, Enterprise Accounts and Region Contract Managers. This support includes the drafting of custom and standard contracts for individual customers, regional hospitals, IDN’s, Ambulatory Surgery Centers (ASCs), and ASC management firms. Responsibilities also include building customer specific contract and pricing strategies and conducting other financial analysis to support pricing, contracting, rebate and new product launch strategies as needed.
Responsibilities may include the following and other duties may be assigned.
Contract administration for the region in collaboration with the Region Contract Manager, Finance, and the Pricing Strategy Team. This includes helping to develop, negotiate and execute on pricing strategies and analytics that align with business leadership in response to customer pricing requests and ensuring the pricing governance model is followed.
Influence contracting decisions made across Neuromodulation and Pain Interventions and may represent contracting at cross-functional meetings; learn tools and processes to Subject Matter Expert (SME) level.
Understand key financial impacts on Medtronic Business, competition, and the marketplace, utilize this knowledge to the benefit of the business. Understand how business strategies and tactics enhance opportunities to operate effectively.
Understand and comply with all laws, regulations, internal Legal guidance and/or company policies; maintain historical documentation and document retention tools.
Provide ad hoc impact analyses of implementing new pricing and more.
Execute and monitor negotiated contracts from implementation to expiration to ensure that appropriate pricing is applied to sales orders.
Proactively identify root cause, issues, and gaps in an effort to reduce pricing discrepancies and increase customer satisfaction.
Track performance on rebate/compliance contracts. Analyze compliance and determine appropriate rebate and pricing strategies.
Help implement price increases and product launches following business strategies for the Neuromodulation and Pain Interventions therapies.
Support Customer Care, Credit Financial Services, Quality Assurance and other internal and external organizations to resolve pricing discrepancies and other related issues.
Maintain a point of view broader than current role. Consider the needs of the entire organization. Demonstrate global thinking in decision making.
Engage in special projects as assigned helping to make improvements of processes, systems or products to enhance performance of the job area.
**This role will be a hybrid-position, open to remote candidates, that is based out of our Minneapolis, MN office.
Must Have: Minimum Requirements
Bachelors degree required
Minimum of 4 years of relevant experience, or advanced degree with a minimum of 2 years relevant experience
Nice to Have
4+ years of relevant work experience in contracting or analysis
High proficiency with Excel Spreadsheets, Business Objects, and SAP
Experience creating Excel documents, including spreadsheets, formulas like v-lookups, pivot tables, charts, graphs, and functions for analysis
Ability to adapt quickly to change and prioritization
Additional experience in sales, marketing, purchasing, healthcare or related areas desirable
Sound analytical skills, ability to manipulate and interpret data
Self-starter with communication, collaboration, and leadership skills
Tactful, exercises independent judgment and discretion
Strong relationship building, communication and interpersonal skills
Solid business acumen and judgment
Ability to work effectively in a team environment and build strong working relationships.
About Medtronic
Together, we can change healthcare worldwide. 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.
Benefits & Compensation
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. This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
Learn more about MIP and benefits
here
.
The provided base salary range is used nationally (except in certain CA locations). The rate offered is compliant with federal/local regulations and may vary by experience, certification/education, market conditions, location, etc.
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.
Additional Information
Posting Date: Mar 13, 2024
Travel: No
Salary Min: 76,800
Salary Max: 115,200
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