Senior Contract Analyst, Pricing & Contracting
Medtronic
full-time
Posted on:
Location Type: Hybrid
Location: Minneapolis • Minnesota • United States
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Salary
💰 $81,600 - $122,400 per year
Job Level
About the role
- Collaborate with sales, legal, pricing, and marketing teams to negotiate and establish pricing strategies for standard and custom products for customer contracts
- Conduct thorough analysis of market trends, competitor insights, and customer needs to inform pricing decisions
- Influence decision-making processes to optimize profitability and market positioning
- Champion bid response through analysis of market trends and customer needs to identify opportunities for optimized pricing strategies that align with Medtronic's overall business goals
- Manage customer quotation and bid requests, ensuring adherence to Medtronic’s pricing objectives and contracting standards while maintaining a competitive edge
- Own strategic contracting for specific therapies and customers across the US
- Lead the creation and execution of contracts encompassing price analysis, contract drafting, business reviews, and compliance monitoring
- Partner with the Field Sales Organization and Medtronic customers to facilitate effective communication and execution of strategic initiatives
- Collaborate with internal stakeholders to ensure alignment with business objectives through regular reviews and proactive recommendations to drive alignment to growth and margin goals
- Partner with Contracting Support teams to ensure accurate and timely contract administration
- Oversee the entire lifecycle of negotiated contracts from strategy to implementation to expiration
- Ensure accurate application of pricing and product strategies, proactively target renewals, price increases, and track performance to commitment to maximize financial outcomes
- Leverage deep understanding of business strategies and market dynamics to enhance operational effectiveness
Requirements
- High School Diploma or equivalent with 6+ years of relevant experience in Contracts or Pricing or equivalent experience (OR Associate's Degree with 4+ years experience OR Baccalaureate Degree with 2+ years experience)
- Bachelor’s degree in Business, Finance, Economics or Math (Nice to Have)
- High proficiency in analytical skills, ability to manipulate and interpret data
- Excel analysis, including formulas, charts, graphs, and functions
- Experience in sales, marketing, purchasing, healthcare or related areas
- Solid business acumen and judgment
- Tactful, exercises independent judgment and discretion
- Ability to work in fast paced environment with high attention to detail
- Strong relationship building, communication and interpersonal skills
- Works independently and takes ownership from start to finish
Benefits
- 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
- Simple Steps (global well-being program)
- 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)
- Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
pricing strategiesmarket analysiscontract draftingdata manipulationExcel analysisfinancial outcomescompliance monitoringbid response analysiscontract administrationbusiness reviews
Soft Skills
analytical skillsbusiness acumenindependent judgmentattention to detailrelationship buildingcommunication skillsinterpersonal skillstactfulnessownershipcollaboration