Join the Medtronic Team as a Senior Contract Analyst and Drive Business Success
At Medtronic, we're passionate about alleviating pain, restoring health, and extending life. Our mission unites a global team of 90,000+ passionate people who are engineers at heart, putting ambitious ideas to work to generate real solutions for real people. We're looking for a talented Senior Contract Analyst to join our team and play a pivotal role in driving strategic initiatives and enhancing the effectiveness of our pricing and contracting strategies.
About Medtronic
Medtronic is a global healthcare technology company that leads the way in solving the most challenging health problems facing humanity. Our industry leadership comes from the passion and ingenuity of our people. We build extraordinary solutions as one team, with one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA, and diverse perspectives inspire our bold answers to any challenge that comes our way.
Job Summary
As a Senior Contract Analyst, you will be responsible for developing and executing pricing strategies, managing contracts, and collaborating with internal stakeholders to drive business success. You'll work in a fast-paced, collaborative environment and have a passion for driving business success. This is an ideal role for someone who thrives in a dynamic and inclusive culture that welcomes the challenge of life-long learning.
Key Responsibilities
- Pricing Strategy Development: 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.
- Strategic Contract Management: 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.
- Stakeholder Collaboration: 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.
- Quotation and Bid/RFP Management: 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.
- Contract Lifecycle Oversight: 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.
Requirements
Essential Qualifications
- Bachelor's degree in Business, Finance, Economics, or Math
- Minimum of 4+ years of relevant experience, or advanced degree with minimum of 2 years relevant experience
- 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
Preferred Qualifications
- Bachelor's degree in Business, Finance, Economics, or Math
- High proficiency in analytical skills, ability to manipulate and interpret data
- Experience in sales, marketing, purchasing, healthcare or related areas
- Solid business acumen and judgment
What We Offer
Compensation and Benefits
Medtronic offers a competitive salary and flexible benefits package. The salary range for this position is $80,000.00 - $120,000.00 per year. We also offer a short-term incentive called the Medtronic Incentive Plan (MIP).
Career Growth Opportunities
At Medtronic, we're committed to helping our employees grow and develop their careers. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
Work Environment and Culture
Our work environment is dynamic and inclusive, and we welcome the challenge of life-long learning. We offer a flexible work environment, and this role can be performed remotely.
How to Apply
If you're passionate about driving business success and have a talent for strategic pricing and contract management, we want to hear from you. Apply now to join our team and start your career journey with Medtronic.
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