Contract Analyst

Medtronic•Minneapolis, MN

22h•Onsite

About The Position

At Medtronic, you can embark on a lifelong career of exploration and innovation, contributing to healthcare access and equity. You will lead with purpose, breaking down barriers to innovation in a more connected and compassionate world. Medtronic prioritizes patients by bringing bold ideas forward with speed and decisiveness. In-person exchanges are highly valued, and the company requires a minimum of 4 days a week onsite to foster professional growth and cross-functional collaboration. As a Contract Analyst, you will be instrumental in driving strategic initiatives and enhancing pricing and contracting strategies through comprehensive analytic, contracting, and business expertise. Your role is crucial for shaping competitive pricing strategies and ensuring seamless contract execution. This position is ideal for individuals who thrive in a fast-paced, collaborative environment and are passionate about driving business success.

Requirements

High School Diploma or equivalent with 4+ years of relevant experience in Contracts or Pricing or equivalent experience
Associate's Degree with 2+ years experience
Bachelor's Degree with 1+ year(s) experience.

Nice To Haves

Bachelor’s degree in Business, Finance, Economics or Math
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

Responsibilities

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.
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.
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.
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.
Ensure compliance with all relevant laws, regulations, and company policies.
Maintain a broad organizational perspective, considering the impact of decisions on the entire enterprise and engaging in special projects that contribute to overarching business goals.