Senior Contract Analyst

Medtronic•Minneapolis, MN

1d•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. As a Sr. Contract Analyst, you will play a pivotal role in driving strategic initiatives and enhancing the effectiveness of our pricing and contracting strategies through comprehensive analytic, contracting, and business expertise. Your work will be crucial in shaping competitive pricing strategies and ensuring seamless contract execution. 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 6+ years of relevant experience in Contracts or Pricing or equivalent experience (OR Associate's Degree with 4+ years experience OR Bachelor’s Degree with 2+ years experience)

Nice To Haves

Bachelor’s Degree in Business, Finance, or related field.
Experience with contract management systems (e.g., Salesforce, SAP, or similar platforms).
Advanced Excel skills (pivot tables, VLOOKUP, macros).
Previous experience in medical device, healthcare, or regulated industry.
Strong analytical and problem-solving skills.
Ability to communicate complex information clearly and effectively with diverse stakeholders.
Experience managing multiple projects and priorities in a deadline-driven environment.
Knowledge of federal healthcare regulations and compliance standards.
Process improvement or Lean Six Sigma certification.
Experience with data visualization tools (e.g., Tableau, Power BI).

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.

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, and 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), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

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