Principal Contract Analyst

Medtronic•Minneapolis, MN

3d•Onsite

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. A Day in the Life 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. In your role as a Principal Contract Analyst at Medtronic, you will embrace a diverse range of duties and opportunities each day. This role will focus on delivering seamless end-to-end contract lifecycle management, ensuring the accurate and timely administration of contracts in alignment with company policies, legal requirements, and customer specifications. You will work in close partnership with internal stakeholders such as sales leadership, offer development, legal partners, and downstream operations partners to uphold the highest standards of contract integrity and performance. You will be tasked to provide guidance and support to business partners, driving compliance and minimizing risk as well as bringing visibility to contractual performance. Your role is pivotal to enable informed decision-making leading to optimal contract outcomes. As a Principal Contract Analyst at Medtronic supporting the US Enterprise Accounts Pricing & Contracting organization, you will play a crucial role ensuring seamless contract construction, execution, and downstream performance management. This is an ideal role for someone who thrives in a fast-paced, collaborative environment and has a passion for driving business success.

Requirements

High School Diploma or equivalent with 8+ years of relevant experience in Contracts or Pricing or equivalent experience (OR Associate's Degree with 6+ years experience OR Bachelor’s Degree with 4+ years experience).

Nice To Haves

Bachelor’s or advanced degree in Business, Finance, or related field.
Experience working in the medical device, healthcare, or pharmaceutical industry.
Strong analytical skills with proficiency in Excel and data visualization tools.
Familiarity with contract lifecycle management systems (e.g., Conga, Icertis, or similar).
Demonstrated ability to manage multiple priorities and projects in a fast-paced environment.
Experience collaborating across cross-functional teams (Sales, Marketing, Legal, etc.).
Excellent written and verbal communication skills.
Prior experience in negotiating complex contracts or pricing agreements.

Responsibilities

End to End Contract Lifecycle Management.
Advanced contract drafting, redlining, execution and administration.
Conducts proposal preparation, contract negotiation, contract administration, and customer contract activities to provide for proper contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications.
Examines estimates of material, equipment services, production costs, performance requirements, and delivery schedules to ensure accuracy and completeness.
Prepares bids, processes specifications, progress, and other reports; advises management of contractual rights and obligations; compiles and analyzes data and maintains historical information.
Leverage influential relationships with Medtronic Legal partners ensuring contracts are written in accordance to company standards and processes.
Compliance management and reporting, advising management and senior leaders of non-compliance.
Ability to influence and make recommendations for cross-portfolio template simplification and unification.
Utilization and recommendation for further development of contract performance metrics for decision-making.
Support Americas Technology Roadmap initiatives.

Benefits

Medtronic offers a competitive Salary and flexible Benefits Package
We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
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)