Pricing Strategy Manager, Cardiovascular - Minneapolis, MN
About The Position
As the Pricing Strategy Manager, Cardiovascular, you will be a member of the Pricing Strategy extended leadership team. This position manages a team of Pricing Strategy Analysts that focus on US market pricing strategy in a collaborative environment that partners with Regional Sales, Enterprise Account Sales and Contracting teams, along with global pricing strategy support with Operating Unit (OU) Marketing. The Pricing Strategy Manager is responsible for defining price strategy with the OU to advance pricing maturity and scale across the business. You will engage and empower your analysts in price setting based on market value, balancing revenue growth & profit optimization, and driving pricing governance using standardized process and tools as well as ASP forecasting and advanced analytics for a defined Operating Unit or Portfolio. This role will support the key objectives for the US Region by driving and leveraging effective and efficient business decision making while maximizing financial results while continually improving best in class strategy and execution. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do. In-person exchanges are invaluable to our work. We’re working a minimum of 4 days a week onsite as part of our commitment to fostering a culture of professional growth and cross-functional collaboration as we work together to engineer the extraordinary.
Requirements
- Requires a Bachelor's degree
- Minimum of 5 years relevant experience, Or an advanced degree with a minimum of 3 years prior relevant experience.
Nice To Haves
- 6+ years of relevant experience developing and executing pricing strategies to support revenue growth and margin optimization
- Knowledge of pricing analytics, ASP forecasting, and financial modeling
- Proficiency in Excel for analyzing large datasets and building pricing models
- Ability to translate complex data into actionable pricing insights and recommendations
- Experience partnering with sales, marketing, and contracting teams to align pricing with market strategy
- Skills in influencing stakeholders and supporting pricing governance or deal review processes
- Knowledge of pricing within medical device, healthcare, or similar commercial environments
- Demonstrated leadership ability or prior experience mentoring analysts
- Ability to manage multiple priorities in a fast‑paced, cross‑functional environment
Responsibilities
- Sets clear direction and objectives with team members to foster employee engagement amongst team, with a focus on maintaining a positive team environment, and driving employee satisfaction. The role includes responsibility for talent management and development of the team members.
- Downstream planning, market execution, and performance analysis
- Partner with OU to ensure product pricing models support market dynamics and allow for successful implementation to drive launch goals
- Lead account planning to drive market insights and identify gaps and opportunities with OU Marketing and OU and Enterprise Account Sales teams
- Develop execution plans for contracting and field teams to follow.
- Own post-launch tracking and analytics vs launch plan and objectives
- Manage governance process, floors, deal review, and approvals; improve outcomes to increase profitability and achieve OU objectives
- Develop governance process that is aligned to Global Region governance process
- Manage the pricing approval process with focus on efficiency and adherence to policy
- Workshop and advise on targeted deals to drive improved outcomes
- Create deal analytics requirements and advise on pricing systems and tools
- Develop and train sales and contracting teams on tools, price strategies, and processes
- Lead business partner for assigned OU/Portfolio
- Create quarterly analysis of price drivers, trends, and market insights
- Partner with OU to develop and implement proactive pricing programs that drive incremental margin and maximize OU portfolio strategy
- Analyze and monitor competitive pricing and market environment to determine if strategies should be refined to optimize growth and mitigate impacts to our portfolio
- Creation and ongoing management of Pricing Programs through collaboration with OUs, Contracting and Commercial teams
- Establish Outcomes metrics to evaluate deal decisions and expected outcomes; create and implement action plans to drive improvement
- Forecast ASPs quarterly in support of IBP process. Provide ASP support during the appropriate IBP meetings (RDR, PMR)
- Provide data driven insights for program performance at contract level based on customer profiles
- Provide input on contract and rebate structures that align to OU growth objectives
- Collaborate on initiatives across organizations to drive efficiency in processes, tools, and systems
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)
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What This Job Offers
Job Type
Full-time
Career Level
Principal
